Sherwin-Williams Q1 sales, profit beat estimates; backs FY forecast

Sherwin-Williams

28/04/2026 12:10

Overview

Paint and coatings maker's Q1 sales rose 6.8%, beating analyst expectations

Adjusted EPS for Q1 beat consensus, rising 4.4% year-over-year

Company reaffirmed full-year adjusted EPS guidance and expects low to mid-single digit sales growth

Outlook

Sherwin-Williams reaffirms 2026 adj diluted EPS guidance of $11.50-$11.90

Company expects 2026 net sales up low to mid-single digit percentage vs 2025

Company sees continued demand softness and geopolitical uncertainty weighing on end markets

Result Drivers

SEGMENT SALES GROWTH - Higher net sales in all segments, aided by acquisitions and favorable foreign currency translation

PRICE INCREASES & VOLUME - Paint Stores Group sales rose on selling price increases and low-single digit volume growth

MARGIN EXPANSION & COSTS - Gross margin expanded with moderating raw material costs, partly offset by higher employee and marketing costs and incremental SG&A from Suvinil and new facilities

Company press release: ID:nPn1R2mBsa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$5.67 bln
$5.56 bln (16 Analysts)
Q1 Adjusted EPS
Beat
$2.35
$2.26 (19 Analysts)
Q1 EPS
$2.15


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 12 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the commodity chemicals peer group is "buy"

Wall Street's median 12-month price target for Sherwin-Williams Co is $380.00, about 13.1% above its April 27 closing price of $336.10

The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 26 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)