[SHW] Sherwin-Williams: Q3 2026 earnings preview after an 8% paint price hike

Sherwin-Williams (SHW), one of North America's largest architectural paint companies, develops and manufactures paints and coatings and sells them through its own specialty paint stores; in this Sherwin-Williams Q3 2026 earnings preview, the key date is 2026-10-27, when the company is scheduled to hold its call on results for the third quarter of 2026, ending September 30, 2026[1]. The latest disclosed quarter is the second quarter of 2026: consolidated net sales rose 7.5% to $6.79 billion, same-store sales at Paint Stores Group locations open more than twelve months rose 4.2%, diluted EPS was $3.43, and adjusted diluted EPS rose 9.5% to $3.70[2]; consolidated gross margin was 49.2%, 20 basis points below the 49.4% of a year earlier[3]. On July 28 the company guided third-quarter consolidated net sales up by a mid to high-single digit percentage and set full-year adjusted diluted EPS guidance at $11.80 to $12.20, compared with $11.43 in 2025[4]; management also said full-year raw material basket inflation would be in the mid single digits, rising to high single digits in the second half[5]. According to analyst data compiled by Drillr as of October 2, 2026, the average third-quarter revenue estimate from 12 analysts is $6.787 billion and the average third-quarter EPS estimate from 15 analysts is $3.69, which on that data source's basis should be read as adjusted EPS[6].

Three things matter most in this report. The first is Paint Stores Group volume: management assumes end demand will not recover in 2026, and second-quarter low-single-digit volume growth and 4.2% same-store sales came from share gains, while the third quarter is the first after the 8% price increase that took effect on September 1, so whether volume stays positive decides whether the claim of growth without demand holds up[7][8]. The second is consolidated gross margin: raw material inflation rises to high single digits in the second half, while price increases phase in along the historical pattern and some contract customers do not take them until 2027, so the year-over-year change in third-quarter gross margin will show directly whether price is keeping up with cost[5][9]. The third is the Consumer Brands Group margin: it reached 24.5% in the second quarter, 210 basis points above a year earlier, but management acknowledged that half of the improvement came from non-operating items, so whether it can keep expanding year over year in the third quarter decides whether the gain reflects better operations or one-off factors[10][9].

Company Background and Business Structure

Sherwin-Williams is a coatings company founded in 1866 and headquartered in Cleveland, Ohio, and its defining feature is that it serves professional contractors directly through its own channel. Sherwin-Williams-branded architectural paint is sold only in company-operated stores, which also handle color matching, delivery, technical support and sales-rep visits to contractors; at the end of 2025, Paint Stores Group operated 4,853 stores in the United States, Canada and the Caribbean, and most of its products were made in Consumer Brands Group plants[11]. The 2017 acquisition of Valspar created today's three-segment structure, and Valspar acquisition-related amortization remains the main gap between GAAP and adjusted earnings, which the company estimates at about $0.81 per share for full-year 2026[4].

Paint Stores Group is the core of the group's profit, with $13.606 billion of net sales in 2025, about 57.7% of the total[12]. The segment earned $3.062 billion of pre-tax segment profit in 2025, a 22.5% margin and about 68% of the three segments' combined profit; its cost of goods sold is mainly paint transferred from Consumer Brands Group plants at absorbed cost, and its SG&A is mainly store, sales-rep and delivery staff, at $4.589 billion in 2025 or about 33.7% of segment sales[13]. Customers include professional contractors in residential repaint, commercial, property maintenance, new residential and protective and marine work, plus some do-it-yourself homeowners, and the company says the loss of any single customer would not have a material adverse effect on the segment[11].

Consumer Brands Group has modest external sales but serves as the research, manufacturing and logistics platform for the whole company. Its 2025 external net sales were $3.166 billion, about 13.4% of the group[12], but total sales including intersegment transfers reached $8.555 billion[13]; the 10-K says about 63% of the segment's total sales were intersegment transfers of products sold mainly through Paint Stores Group, while external sales go to home centers, hardware stores, dealers and distributors in North America, Latin America and Europe, plus 307 company-operated stores in Latin America, and individual customers may represent a significant share of segment sales and profit[14]. In October 2025 the company bought BASF's Brazilian decorative paints business, Suvinil, for about $1.15 billion and folded it into Consumer Brands Group[15]; the business contributed $164.5 million of sales in 2025, or 5.3 percentage points of segment growth[16].

Performance Coatings Group serves manufacturing customers, with 2025 net sales of $6.795 billion, about 28.8% of the group[12], and adjusted segment profit of $1.175 billion, a 17.3% margin[17]. It sells industrial wood, general industrial, automotive refinish, protective and marine, coil and packaging coatings through 317 company-operated branches, direct sales and distributors; individual customers may be a significant share of segment sales, but the company says losing any single one would not materially affect the segment's overall profitability[18]. At group level, no single customer accounted for more than 10% of company sales in 2025[19]; the Administrative function carries headquarters, interest and unallocated costs and posted a $1.176 billion pre-tax loss in 2025[13]. In April 2026 the company and Nippon Paint made two all-cash premium bids for AkzoNobel, then withdrew in June after the target did not engage to the degree required[9].

Financial History and Current Position

Sherwin-Williams' revenue growth has slowed markedly over five years, and 2025 growth came only from acquisitions. Net sales rose from $19.945 billion in 2021 to $22.149 billion in 2022, $23.052 billion in 2023 and $23.099 billion in 2024, then reached $23.574 billion in 2025, up 2.1%, with acquisitions contributing 1.1 percentage points[12]. Gross margin edged up from 48.5% in 2024 to 48.8% in 2025, and pre-tax income was $3.338 billion, or 14.2% of sales[20]; diluted EPS fell 2.7% to $10.26, while adjusted EPS rose 0.9% to $11.43[21].

Segment margins diverged in 2025, with Paint Stores Group improving and the other two segments slipping. The Paint Stores Group margin rose from 22.0% in 2024 to 22.5%, the Consumer Brands Group adjusted margin fell from 21.0% to 19.3%, and the Performance Coatings Group adjusted margin fell from 18.0% to 17.3%[17]. On cash, 2025 operating cash flow was $3.452 billion, about 14.6% of sales[21], capital expenditures were $798 million, cash dividends were $790 million, and free cash flow after dividends was $1.864 billion[22]; at the end of 2025 the company held $207 million of cash and $3.649 billion of unused credit facility capacity[23].

Revenue and profit both accelerated clearly in the first half of 2026 compared with 2025. First-quarter net sales were $5.667 billion, up 6.8%[24], and second-quarter net sales were $6.789 billion, up 7.5%, with Paint Stores Group same-store sales reaching 4.2% in the second quarter[2]. Second-quarter gross margin was 49.2%, 20 basis points below a year earlier, SG&A fell from 31.9% to 31.0% of sales, and net income rose 11.8% to $844 million[3]; adjusted EBITDA was $1.459 billion, up about 10.5% from $1.320 billion a year earlier and about 21.5% of sales[25].

Cash flow improved in the first half, but shareholder returns and seasonal working capital pushed short-term borrowings sharply higher. Second-quarter operating cash flow was $1.348 billion and capital expenditures were $108 million, leaving free cash flow of $1.239 billion, or 86% of EBITDA[25]; first-half operating cash flow was $1.487 billion versus $1.052 billion a year earlier, and the company returned $2.232 billion to shareholders through buybacks and dividends in the first half[26]. At the end of June the company had $2.246 billion of short-term borrowings, $1.498 billion of current long-term debt, $8.327 billion of long-term debt, $294 million of cash and $3.855 billion of shareholders' equity[27]; commercial paper made up $1.461 billion of the short-term borrowings[28], and management put net debt to adjusted EBITDA at 2.4 times[5].

Operating Model

Sherwin-Williams' revenue breaks down into volume times price in each of its three segments, and quarterly revenue reflects the current quarter's painting and restocking activity almost in real time. Paint Stores Group revenue equals gallons bought by professional contractors and do-it-yourself customers times selling price, plus non-paint goods such as spray equipment, flooring and sundries; its growth splits into same-store sales and new-store contribution, with a target of growing the store base by about 2% a year on average[29], while same-store sales combine volume and price, with the 7% increase of January 1, 2026 supporting a mid-single-digit price contribution in the second quarter and a further 8% increase taking effect on September 1[7][8]. Consumer Brands Group external revenue comes from branded and private-label products sold through retail and distribution channels, Latin American stores and Suvinil, while Performance Coatings Group revenue comes from industrial customers' volume times price and mix[14][18]. Because the time from order to shipment is short and backlog is not significant[30], and the second and third quarters are the traditional peak season[31], third-quarter revenue will show directly how contractor activity, retailer restocking and plant output performed during peak season.

On the profit side, the key variables are the lag between price and raw material cost and how plant output absorbs fixed costs. Raw materials and purchased goods make up most of consolidated cost of goods sold; raw materials include resins and latex, pigments, additives, solvents and metal or plastic containers, and a large share derives from petrochemical feedstocks such as propylene[32]; Paint Stores Group has a high gross margin because it buys paint from the plants at absorbed cost, but store and sales-rep costs run at about 33.7% of its sales, so the segment margin expands only when sales grow faster than SG&A[13]. Price increases phase in along the historical glide path, some contract customers do not take them until 2027, and raw material inflation flows through the income statement more heavily in the second half, so this lag sets the direction of gross margin and then flows into segment profit and EPS[9]. Consumer Brands Group profit also depends on plant output: lower volumes create supply chain inefficiencies, while higher output or efficiency gains lift the segment margin, and in the second quarter the company named supply chain efficiencies as one reason for the segment's profit growth[10].

Cash flow is strongly seasonal, and peak-season collections are the main source for repaying short-term borrowings. Operating cash flow roughly equals net income plus depreciation and amortization, plus or minus changes in working capital; the company usually builds inventory in the first quarter, funds inventory and receivables mainly with short-term borrowings, and collects heavily in the second and third quarters, and $1.348 billion of the $1.487 billion of first-half 2026 operating cash flow came in the second quarter[26][25]. Capital expenditures were $798 million in 2025, including the new headquarters and research and development center[22], and cash goes mainly to dividends, buybacks and acquisitions; seasonal working capital and acquisitions are funded with short-term financing such as commercial paper and 364-day term loans, and the company said interest expense would rise by about $85 million in 2026 versus 2025[23].

Industry and Competitive Position

Sherwin-Williams' competitive advantage in North American architectural paint comes from the service density its company-operated store network gives professional contractors. The 10-K lists Paint Stores Group competitors as other paint and wallpaper stores, mass merchandisers, home centers, independent hardware stores, hardware chains and manufacturer-operated direct outlets, and it names product quality, innovation, breadth of product line, technical expertise, service and price as the factors that decide competitive advantage[33]. Consumer Brands Group competes with branded and private-label paint makers in retail channels, and Performance Coatings Group faces large global industrial coatings companies and niche rivals, and neither has a direct service network like Paint Stores Group to act as a moat[14][18].

Management says the company keeps gaining share in most business lines and targets growth of 1.5 to 2 times market growth in every segment[9]. On the second-quarter call, management noted that 2026 monthly single-family completions were down by a high single digit percentage year over year while the company's new residential sales were down only by a low single digit percentage, and that share gains in commercial exceeded initial expectations as the result of a multi-year push for contractor wallet share[9]. These share claims come from management itself, and the company does not disclose gallons or third-party market share data, so outside readers can verify them only indirectly through volume ranges and same-store sales.

The global competitive landscape is shifting, but Sherwin-Williams says its growth does not depend on acquisitions. After Sherwin-Williams and Nippon Paint withdrew, AkzoNobel continued with its all-stock merger with Axalta; management said the company passes on more than 90% of the assets it assesses and would evaluate spun or separated assets that become available at the right price, but European decorative coatings fundamentals do not currently support the capital a large acquisition would require[9]. On demand, management's view is that most end markets will see no meaningful improvement through the end of 2026, single-family starts and completions were negative in 5 of the past 6 months, and neither value-conscious North American do-it-yourself demand nor European customer destocking shows a near-term catalyst[34].

Core Debates

With demand still flat, can the share-driven volume growth in Sherwin-Williams' paint stores survive the 8% price increase in September?

This question matters because Paint Stores Group provides about 58% of group sales and about 68% of segment profit, and management has staked 2026 growth entirely on its own execution[12][13]. Management assumes no broad-based demand recovery through year-end; after second-quarter segment volume grew by a low single digit percentage and same-store sales rose 4.2% (versus 0.8% a year earlier), the company raised full-year segment volume guidance from a range of down low single digits to up low single digits to simply up low single digits, and said second-half volume would not deteriorate sequentially[7][5]. The third quarter is both the peak season and the first quarter after the 8% price increase of September 1, so whether volume keeps growing decides whether the claim of growth without demand holds[8].

Current evidence shows broad-based growth, but the margin is already under slight pressure from higher investment. Second-quarter Paint Stores Group net sales were $3.890 billion, up 5.1%, with price contributing a mid single digit percentage and volume a low single digit percentage; protective and marine grew by double digits, commercial by a high single digit percentage and residential repaint by a mid single digit percentage[7], protective and marine has now grown at least high single digits for eight straight quarters[35], and new residential sales fell only low single digits while single-family completions fell high single digits[9]. Segment profit was $958 million, up 4.5%, for a 24.6% margin, 20 basis points below a year earlier[7], and the 10-Q attributes the SG&A increase to additional sales reps and stores added to support sales[36]. So far this year the company has opened 45 stores and closed 57 stores that missed its profitability threshold, about 1% of the store base[35].

The financial chain runs from contractor activity plus new accounts and wallet share to Paint Stores Group gallons, and from there to same-store sales and segment net sales; with gross margin flat, the segment margin expands only if sales grow faster than SG&A[13]. An alternative explanation also deserves serious attention: part of the second-quarter volume growth may have come from customers buying ahead of the September price increase, or from temporary supply problems at competitors. Management said in the first quarter that it saw no meaningful pre-buying, but if third-quarter volume slows noticeably this explanation gains weight, and current evidence cannot yet separate the two cases.

What to watch is whether third-quarter Paint Stores Group volume is still positive, whether same-store sales are at least the second quarter's 4.2%, whether commercial and residential repaint keep growing at mid single digits or better, and whether the segment margin declines by no more than 50 basis points year over year[7]. The falsifier is a third quarter in which segment volume turns flat or negative, or same-store sales fall below the first quarter's 2.4%, which would show that share gains are not enough to offset demand and pricing headwinds and would put full-year volume guidance at risk of a cut[2][5].

With raw material inflation rising to high single digits in the second half, can Sherwin-Williams' price increases protect its gross margin?

Sherwin-Williams' earnings leverage comes mainly from gross margin, so the race between price and cost directly moves where full-year EPS lands. Consolidated gross margin was 48.8% in 2025[20], and on that year's $23.574 billion of sales each 50 basis points equals about $120 million of annual gross profit. Middle East tensions pushed up oil and propylene; on the first-quarter call management said propylene was up 50%[37], and in July it raised full-year raw material inflation from low to mid single digits to mid single digits, with high single digits in the second half, while answering with the 8% Paint Stores Group price increase[5][8]. The guidance midpoint implies full-year gross margin flat with 2025, which leaves room for only a slight second-half decline, so whether the third quarter holds will directly affect the $11.80 to $12.20 full-year adjusted EPS guidance[4].

Second-quarter gross margin slipped slightly, and the company attributed this to Suvinil dilution rather than price lagging cost. Consolidated gross margin was 49.2% in the second quarter, down 20 basis points, which the 10-Q attributes primarily to the dilutive impact of the Suvinil acquisition, while Paint Stores Group gross margin was flat year over year as higher prices offset a moderate rise in raw materials[38]. The Performance Coatings Group adjusted margin was 17.3% in the second quarter, 50 basis points above the 16.8% of a year earlier[39], and management said the segment has already rolled out targeted price increases by business unit and region[9]. Management also said the September increase will follow the historical realization path, with some contract customers deferred to 2027, and acknowledged that balancing price and cost will make second-half EPS growth slower than first-half growth[9][34].

The direction of transmission is clear: higher propylene, solvent and other petrochemical prices raise raw material basket cost, which enters cost of goods sold with roughly a one-quarter lag through LIFO inventory accounting; the broad Paint Stores Group increase and the targeted Performance Coatings increases enter net sales through price and mix, and the lag between the two sets gross margin, which then flows into segment profit and EPS[32]. The alternative explanation is that the second-quarter decline was not entirely Suvinil dilution and that raw materials had already begun to erode price; if the decline widens in the third quarter with an unchanged Suvinil effect, this explanation becomes stronger. First-quarter gross margin had risen 90 basis points year over year to 49.1%, so the second-quarter change in direction is itself a signal worth tracking[3].

What to watch is whether third-quarter consolidated gross margin falls by more than 50 basis points year over year, whether the Paint Stores Group price contribution rises above mid single digits, whether the Performance Coatings Group adjusted margin holds year over year, and whether the company raises its second-half raw material inflation view or cuts full-year EPS guidance[5][39]. The falsifier is a third-quarter gross margin decline of more than 50 basis points that the company attributes to raw materials, which would show price clearly lagging cost and put both the flat full-year gross margin and the EPS guidance under pressure[4].

How much of the Consumer Brands Group's second-quarter margin jump can carry into the third quarter?

Consumer Brands Group external sales are only 13.4% of the group, but the segment is also the whole company's factory, so its plant utilization affects group-wide costs[12][14]. In 2025 its adjusted margin fell from 21.0% to 19.3% because of weak do-it-yourself demand and supply chain inefficiencies from lower production[17]; in the second quarter of 2026 it rose to 24.5%, 210 basis points above the 22.4% of a year earlier and the largest improvement among the three segments[10]. Whether this improvement lasts decides whether the segment turns from a drag into a source of profit growth or simply benefited from favorable items for one quarter.

Second-quarter sales growth came mainly from the acquisition, but excluding Suvinil the segment still grew organically by a mid single digit percentage. Segment net sales were $984 million in the second quarter, up 21.5%, with Suvinil contributing a mid-teens percentage and currency 1.6%[10]; excluding Suvinil, sales grew mid single digits, North America grew high single digits with low-single-digit volume growth, the legacy Latin America business grew low double digits, and Europe fell by double digits on customer destocking[35]. Adjusted segment profit was $241 million, up 33.1%[10]; management said half of the improvement came from ex-Suvinil sales growth on flat SG&A and half from non-operating items, and that excluding those items the margin was flat with the first quarter; there were no share gains in broad do-it-yourself paint, and growth came from the product line for professional painters sold through retail partners such as Lowe's and Menards[9].

The financial transmission runs along two lines: North American retailer restocking, the retail product line for professional painters, Latin American stores, European customer inventories and Suvinil consolidation together set the segment's external sales, while Paint Stores Group volume and plant output set fixed-cost absorption and supply chain efficiency, which in turn set segment gross profit and adjusted profit[14][10]. The alternative explanation is that part of the second-quarter operating improvement came from plant absorption driven by the rebound in Paint Stores Group volume rather than from the retail channel itself getting better; if store volume slows, the segment margin would fall back with it. Because the non-operating items were not described, outside readers cannot yet split the contribution of the two sources precisely.

What to watch is whether the segment's third-quarter adjusted margin expands year over year, whether sales excluding Suvinil are still growing and North America stays positive, and whether European customer destocking eases[35][34]. The falsifier is a third-quarter adjusted segment margin that declines year over year, or sales excluding Suvinil that turn negative, which would show that the second-quarter improvement was mainly one-off[10].

Risks and Falsifiers

The first risk is leverage and short-term funding: shareholder returns and seasonal working capital have made the company more reliant on short-term borrowings, and the interest burden is rising. The company returned $2.232 billion to shareholders in the first half[26], total debt at the end of June was about $12.072 billion against only $294 million of cash[27], and second-quarter interest expense was $136 million, up $23.5 million year over year[3]; on September 24 the company replaced a maturing facility with a new $750 million 364-day term loan whose covenant caps leverage at 3.75 times[40], and full-year interest expense is set to rise by about $85 million versus 2025[23]. The observation that would falsify the current concern is peak-season third-quarter operating cash flow that pays down short-term borrowings meaningfully, with net debt to adjusted EBITDA no higher than the 2.4 times management cited[5].

The second risk is persistently stagnant end demand, which would hit Paint Stores Group and Performance Coatings Group volume first. Management expects no meaningful improvement in most end markets through year-end, single-family starts and completions were negative in 5 of the past 6 months, and neither North American do-it-yourself demand nor European destocking shows a catalyst[34]; full-year guidance for mid to high-single-digit sales growth already includes Suvinil consolidation[4], and both segments are growing volume only by a low single digit percentage, so they would be the first affected if demand weakens further[39]. The falsifier is a third quarter in which both segments keep volume growth positive and the company maintains full-year sales guidance.

The third risk is slower professional-customer volume after the price increase, as the 8% hike combined with weak new residential construction leads contractors to cut usage or switch to competitors. On second-quarter Paint Stores Group sales of $3.890 billion, each percentage point of lost volume equals about $39 million of quarterly sales, and the segment margin is about 25%[7]. The falsifier is third-quarter segment volume still growing by a low single digit percentage with same-store sales of at least 4.2%.

The fourth risk is a widening lag between price and cost: raw materials rise by high single digits in the second half, while the 8% increase is in effect for only about one month of the third quarter and some contracts are deferred to 2027[5][9]. On second-quarter sales of $6.789 billion, each 50 basis points of gross margin decline removes about $34 million of quarterly gross profit, which bears directly on the $11.80 to $12.20 full-year adjusted EPS guidance[3][4]. The falsifier is third-quarter consolidated gross margin flat or higher year over year.

The fifth risk is that the Consumer Brands Group margin improvement does not last, because non-operating items disappear, North American do-it-yourself demand stays weak or European destocking continues[34]. Second-quarter adjusted segment profit was $241 million, and by management's account about 105 basis points came from non-operating items, roughly $10 million of quarterly profit on $984 million of sales[10][9]. The falsifier is a third-quarter adjusted segment margin that expands year over year alongside continued sales growth excluding Suvinil.

What to Watch Next

• Paint Stores Group share and pricing: second-quarter same-store sales were 4.2% with low-single-digit volume growth. Positive volume and same-store sales of at least 4.2% in the first quarter after the September increase would confirm the share story; flat or negative volume, or same-store sales below 2.4%, would falsify it. A segment margin decline of no more than 50 basis points from the second quarter's 24.6% would also be consistent with it.
• Price versus raw materials: second-quarter gross margin was 49.2%, down 20 basis points. A flat or higher third-quarter gross margin would confirm that price is keeping up; a decline of more than 50 basis points attributed to raw materials would falsify it. A Performance Coatings Group adjusted margin that holds near 17.3% and unchanged $11.80 to $12.20 EPS guidance would support the same reading.
• Consumer Brands Group margin: the second-quarter adjusted margin was 24.5%, up 210 basis points. Year-over-year expansion would confirm durability; a decline, or negative sales excluding Suvinil, would falsify it. North American growth and easing European destocking are the supporting signals.
• Leverage and funding: management cites 2.4 times net debt to adjusted EBITDA, with $2.246 billion of short-term borrowings at the end of June. Peak-season cash flow that reduces those borrowings and keeps leverage at or below 2.4 times would confirm the balance sheet is comfortable.

Conclusion

Sherwin-Williams' results are driven by three relationships: volume and price through its store network for professional contractors, the lag between raw material cost and price increases, and output absorption at Consumer Brands Group, which serves as the whole company's factory. In the first half of 2026 the company accelerated revenue and profit even though end demand did not recover, with second-quarter net sales up 7.5%, adjusted EPS up 9.5% and Paint Stores Group same-store sales at 4.2%[2], while short-term borrowings rose to $2.246 billion and management put net debt to adjusted EBITDA at 2.4 times[27][5]. The central unresolved relationship is whether share-driven volume can keep growing, and full-year gross margin can stay flat, when the 8% price increase and high-single-digit second-half raw material inflation arrive together.

Since the second-quarter report, publicly available third-party material has consisted mainly of earnings recaps and daily stock reports, and the independent analysis with substantive argument was all published before that report, so there are no outside views to synthesize here and no disagreement or agreement to compare. In that situation, judging the three core debates depends only on the company's own disclosures and management's statements, which is itself an information gap readers should keep in mind.

If third-quarter Paint Stores Group volume stays positive with same-store sales of at least 4.2%, consolidated gross margin is flat or higher year over year, the Consumer Brands Group adjusted margin keeps expanding year over year, and peak-season cash flow clearly reduces short-term borrowings, the view that Sherwin-Williams can grow on its own despite weak demand would be materially strengthened. Conversely, if store volume turns flat or negative, gross margin falls more than 50 basis points year over year with raw materials blamed, or the Consumer Brands Group margin falls year over year, the second-quarter strength would more likely reflect pre-buying, one-off items and a temporarily favorable price-cost lag, and full-year guidance would come under pressure.

Sources

[1] Drillr earnings calendar (updated 2026-10-02) · SHW 2026-10-27 call · 2026-10-02 · Drillr earnings calendar

[2] SHW 8-K filed 2026-07-28 · Q2 2026 results summary · 2026-07-28 · 8-K · https://www.sec.gov/Archives/edgar/data/89800/000008980026000046/shwearningsrelease2q2026.htm

[3] SHW 8-K filed 2026-07-28 · Q2 2026 statement of consolidated income and segments · 2026-07-28 · 8-K · https://www.sec.gov/Archives/edgar/data/89800/000008980026000046/shwearningsrelease2q2026.htm

[4] SHW 8-K filed 2026-07-28 · Q3 and full-year 2026 guidance · 2026-07-28 · 8-K · https://www.sec.gov/Archives/edgar/data/89800/000008980026000046/shwearningsrelease2q2026.htm

[5] SHW Q2 2026 earnings call 2026-07-28 · full-year 2026 guidance detail · 2026-07-28 · earnings-call · https://gateway.drillr.ai/mcp/private

[6] Drillr analyst_financial_estimates (updated 2026-10-02) · SHW quarter ending 2026-09-30 · 2026-10-02 · Drillr analyst_financial_estimates · https://gateway.drillr.ai/mcp/private

[7] SHW 8-K filed 2026-07-28 · Q2 2026 Paint Stores Group results · 2026-07-28 · 8-K · https://www.sec.gov/Archives/edgar/data/89800/000008980026000046/shwearningsrelease2q2026.htm

[8] SHW 8-K filed 2026-07-28 · September 1 PSG price increase · 2026-07-28 · 8-K · https://www.sec.gov/Archives/edgar/data/89800/000008980026000046/shwearningsrelease2q2026.htm

[9] SHW Q2 2026 earnings call 2026-07-28 · Q&A on CBG margin, price realization and share · 2026-07-28 · earnings-call · https://gateway.drillr.ai/mcp/private

[10] SHW 8-K filed 2026-07-28 · Q2 2026 Consumer Brands Group results · 2026-07-28 · 8-K · https://www.sec.gov/Archives/edgar/data/89800/000008980026000046/shwearningsrelease2q2026.htm

[11] SHW 10-K filed 2026-02-19 · Paint Stores Group business and store base · 2026-02-19 · 10-K · https://www.sec.gov/Archives/edgar/data/89800/000008980026000008/shw-20251231.htm

[12] SHW 10-K filed 2026-02-19 · 2025 net sales by segment · 2026-02-19 · 10-K · https://www.sec.gov/Archives/edgar/data/89800/000008980026000008/shw-20251231.htm

[13] SHW 10-K filed 2026-02-19 · 2025 segment profit and cost structure · 2026-02-19 · 10-K · https://www.sec.gov/Archives/edgar/data/89800/000008980026000008/shw-20251231.htm

[14] SHW 10-K filed 2026-02-19 · Consumer Brands Group business and intersegment supply · 2026-02-19 · 10-K · https://www.sec.gov/Archives/edgar/data/89800/000008980026000008/shw-20251231.htm

[15] SHW 10-Q filed 2026-07-28 · Suvinil acquisition · 2026-07-28 · 10-Q · https://www.sec.gov/Archives/edgar/data/89800/000008980026000049/shw-20260630.htm

[16] SHW 10-K filed 2026-02-19 · 2025 Consumer Brands Group sales and Suvinil · 2026-02-19 · 10-K · https://www.sec.gov/Archives/edgar/data/89800/000008980026000008/shw-20251231.htm

[17] SHW 10-K filed 2026-02-19 · 2025 adjusted segment profit · 2026-02-19 · 10-K · https://www.sec.gov/Archives/edgar/data/89800/000008980026000008/shw-20251231.htm

[18] SHW 10-K filed 2026-02-19 · Performance Coatings Group business · 2026-02-19 · 10-K · https://www.sec.gov/Archives/edgar/data/89800/000008980026000008/shw-20251231.htm

[19] SHW 10-K filed 2026-02-19 · customer concentration · 2026-02-19 · 10-K · https://www.sec.gov/Archives/edgar/data/89800/000008980026000008/shw-20251231.htm

[20] SHW 10-K filed 2026-02-19 · 2025 consolidated statement of income · 2026-02-19 · 10-K · https://www.sec.gov/Archives/edgar/data/89800/000008980026000008/shw-20251231.htm

[21] SHW 10-K filed 2026-02-19 · 2025 summary · 2026-02-19 · 10-K · https://www.sec.gov/Archives/edgar/data/89800/000008980026000008/shw-20251231.htm

[22] SHW 10-K filed 2026-02-19 · 2025 cash flow and dividends · 2026-02-19 · 10-K · https://www.sec.gov/Archives/edgar/data/89800/000008980026000008/shw-20251231.htm

[23] SHW 10-K filed 2026-02-19 · debt and 2026 interest expense · 2026-02-19 · 10-K · https://www.sec.gov/Archives/edgar/data/89800/000008980026000008/shw-20251231.htm

[24] SHW 8-K filed 2026-04-28 · Q1 2026 segment results · 2026-04-28 · 8-K · https://www.sec.gov/Archives/edgar/data/89800/000008980026000036/shwearningsrelease1q2026.htm

[25] SHW 8-K filed 2026-07-28 · Q2 2026 EBITDA and free cash flow · 2026-07-28 · 8-K · https://www.sec.gov/Archives/edgar/data/89800/000008980026000046/shwearningsrelease2q2026.htm

[26] SHW 10-Q filed 2026-07-28 · H1 2026 cash flow and working capital · 2026-07-28 · 10-Q · https://www.sec.gov/Archives/edgar/data/89800/000008980026000049/shw-20260630.htm

[27] SHW 8-K filed 2026-07-28 · Q2 2026 balance sheet · 2026-07-28 · 8-K · https://www.sec.gov/Archives/edgar/data/89800/000008980026000046/shwearningsrelease2q2026.htm

[28] SHW 10-Q filed 2026-07-28 · short-term borrowings · 2026-07-28 · 10-Q · https://www.sec.gov/Archives/edgar/data/89800/000008980026000049/shw-20260630.htm

[29] SHW 10-K filed 2026-02-19 · 2025 Paint Stores Group sales drivers and store growth · 2026-02-19 · 10-K · https://www.sec.gov/Archives/edgar/data/89800/000008980026000008/shw-20251231.htm

[30] SHW 10-K filed 2026-02-19 · backlog and capacity · 2026-02-19 · 10-K · https://www.sec.gov/Archives/edgar/data/89800/000008980026000008/shw-20251231.htm

[31] SHW 10-K filed 2026-02-19 · seasonality and backlog · 2026-02-19 · 10-K · https://www.sec.gov/Archives/edgar/data/89800/000008980026000008/shw-20251231.htm

[32] SHW 10-K filed 2026-02-19 · raw materials · 2026-02-19 · 10-K · https://www.sec.gov/Archives/edgar/data/89800/000008980026000008/shw-20251231.htm

[33] SHW 10-K filed 2026-02-19 · competition · 2026-02-19 · 10-K · https://www.sec.gov/Archives/edgar/data/89800/000008980026000008/shw-20251231.htm

[34] SHW Q2 2026 earnings call 2026-07-28 · risks · 2026-07-28 · earnings-call · https://gateway.drillr.ai/mcp/private

[35] SHW Q2 2026 earnings call 2026-07-28 · Q2 segment volume, price-mix and end markets · 2026-07-28 · earnings-call · https://gateway.drillr.ai/mcp/private

[36] SHW 10-Q filed 2026-07-28 · Q2 2026 SG&A by segment · 2026-07-28 · 10-Q · https://www.sec.gov/Archives/edgar/data/89800/000008980026000049/shw-20260630.htm

[37] SHW Q1 2026 earnings call 2026-04-28 · Q1 Q&A on raw materials · 2026-04-28 · earnings-call · https://gateway.drillr.ai/mcp/private

[38] SHW 10-Q filed 2026-07-28 · Q2 2026 gross profit drivers · 2026-07-28 · 10-Q · https://www.sec.gov/Archives/edgar/data/89800/000008980026000049/shw-20260630.htm

[39] SHW 8-K filed 2026-07-28 · Q2 2026 Performance Coatings Group results · 2026-07-28 · 8-K · https://www.sec.gov/Archives/edgar/data/89800/000008980026000046/shwearningsrelease2q2026.htm

[40] SHW 8-K filed 2026-09-29 · 364-day term loan refinancing · 2026-09-29 · 8-K · https://www.sec.gov/Archives/edgar/data/89800/000119312526405960/d147868d8k.htm