SHERWIN WILLIAMS CO is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: Sherwin-Williams delivered solid Q1 2026 results with revenue growing 6.8% YoY to $5.67B and net income rising 6.1% to $534.7M, driven by gross margin expansion to 49.1%, though SG&A costs surged 9.8% and the current ratio remains below 1.0x.
Drawn from management commentary in the Q1 2026 10-Q:
Total revenue increased 6.8% YoY to $5.67B in Q1 2026 from $5.31B in Q1 2025, reflecting continued demand strength across Sherwin-Williams' paint and coatings segments. This top-line growth outpaced the prior-year period and signals resilient end-market demand.
Gross margin improved approximately 83 basis points YoY to 49.1% (from 48.2%), with gross profit rising 8.7% to $2.78B. This expansion suggests favorable raw material cost trends or improved pricing power relative to cost of goods sold growth of only 5.1%.
Selling, General & Administrative expenses rose 9.8% YoY to $1.97B, outpacing revenue growth of 6.8%. This elevated cost growth compressed operating leverage and is a key area to monitor for margin sustainability in subsequent quarters.
Revenue
$5.67B
++6.81% YoY
EPS (Basic)
$2.18
++7.92% YoY
Gross Margin
49.1%
++0.83% YoY
Add SHW to your watchlist to get the AI analysis in your inbox within minutes of the 10-Q filing.