Sherwin-Williams narrows earnings guidance for Sherwin-Williams stock

Sherwin-Williams (ISIN US8243481061) reported third-quarter sales of USD 6.86 billion on October 27, 2026, while narrowing its full-year adjusted earnings guidance to USD 11.85 to USD 12.15 per share. The result shows continued revenue growth, but the outlook reflects a more cautious demand backdrop.

Sales growth meets margin pressure

According to the PR Newswire release dated October 27, 2026, consolidated net sales increased 7.9 percent from the third quarter of 2025. Paint Stores Group sales rose 4.7 percent to USD 4.02 billion, while Performance Coatings Group sales increased 8.8 percent to USD 1.90 billion.

Profit growth was weaker than the top line. Diluted net income per share rose 0.9 percent to USD 3.38, and adjusted diluted net income per share increased 1.1 percent to USD 3.63. Net income declined 1.5 percent to USD 821.0 million, while reported net margin was 12.0 percent.

The company attributed the pressure to higher raw material and supply chain costs, additional selling, general and administrative expenses linked to the Suvinil acquisition, and higher interest expense. Consumer Brands Group segment profit fell 7.1 percent to USD 146.2 million, while its reported margin declined to 15.6 percent from 20.4 percent.

What changes in the outlook

The company maintained its full-year sales outlook for growth in the mid to high-single-digit percentage range. It expects fourth-quarter sales to increase by a mid-single-digit percentage compared with the fourth quarter of 2025, according to the PR Newswire release.

Adjusted diluted earnings guidance now stands at USD 11.85 to USD 12.15 per share for 2026, compared with USD 11.43 in fiscal year 2025. The range excludes USD 0.82 per share of Valspar acquisition-related amortization and USD 0.11 per share of severance and restructuring expenses.

Management said customer sentiment and leading indicators point to muted demand through the rest of 2026 and into 2027. Sherwin-Williams also expects cost actions to support profitable growth, while pricing initiatives are intended to offset inflationary pressure.

Stock context and next steps

The results give investors two competing signals: sales are expanding across the company, but costs and demand conditions are limiting the conversion of that growth into profit. Sherwin-Williams generated USD 2.59 billion in operating cash during the first nine months of 2026 and returned USD 2.98 billion to shareholders through dividends and repurchases over that period.

The company is listed on the New York Stock Exchange under ticker SHW. At 12:39 p.m. Berlin time on October 29, 2026, the stock traded at EUR 293.50 at Lang & Schwarz.

The further course of trading is shown by the continuously updated real-time quote of Sherwin-Williams stock.

Market context: Market report S&P 500.

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