Sherwin-Williams Company (The) (SHW) Earnings Date & Reports

Key Takeaways

• Sherwin-Williams is scheduled to report third-quarter 2026 results before the market opens on Tuesday, October 27, 2026.
• Analysts are looking for earnings per share (EPS) of roughly $3.66, with revenue near $6.78 billion.
• Management has guided third-quarter net sales to rise by a mid- to high-single-digit percentage year over year.
• Investors are focused on Paint Stores Group same-store sales, the September price increase, and raw material costs.
• Softness in new residential construction and do-it-yourself (DIY) demand remains a key watch item.
• Full-year 2026 adjusted EPS guidance stands at $11.80 to $12.20 after being raised in July.

Earnings Context and Why It Matters

Sherwin-Williams enters its third-quarter report as one of the most closely followed names in the coatings and specialty chemicals space. The company has delivered a streak of estimate-topping quarters, most recently posting second-quarter 2026 adjusted EPS of $3.70, up 9.5% from a year earlier, on revenue of $6.79 billion. That strength was driven by share gains, new account wins, and the contribution from the Suvinil acquisition, rather than a broad demand recovery. The upcoming report matters because it will test whether disciplined pricing can continue to offset persistent softness in residential and DIY end markets, and whether the company can sustain its raised full-year outlook amid rising raw material costs.

Earnings Expectations

For the third quarter ended September 30, 2026, the consensus estimate calls for adjusted EPS near $3.66, according to EarningsWhispers, with other trackers placing the figure slightly higher in the $3.72 to $3.73 range. Wall Street's revenue consensus sits around $6.78 billion, which would represent mid-single-digit growth from the roughly $6.36 billion reported in the year-ago quarter. Management's own guidance is for consolidated net sales to increase by a mid- to high-single-digit percentage year over year, while cautioning that demand softness is expected to continue through the second half.

Several items will shape how results are judged against these figures. First, the Paint Stores Group implemented an approximate 8% price increase effective September 1, and investors will watch how pricing and same-store sales interact with volumes. Second, raw material inflation is projected to run at a high-single-digit rate in the second half, pressuring margins. Finally, the Consumer Brands Group's Suvinil acquisition is expected to continue lifting sales, though it also adds selling, general, and administrative (SG&A) expense.

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Market Reaction and Investor Sentiment

Sentiment heading into the report reflects a stock that has outperformed on execution but faces a tougher macro backdrop. Following its July release, Sherwin-Williams shares jumped roughly 7% to 8% as the company beat estimates and raised guidance, though the stock has since drifted lower amid lingering concerns about housing and DIY demand. Historical reaction patterns show Sherwin-Williams tends to move meaningfully on earnings, particularly when guidance changes. Key risk factors into this print include raw material cost inflation, the durability of professional end-market demand, and any signal that the recent pricing actions are encountering pushback. Investors will also be watching for any update to the full-year outlook, which currently targets adjusted EPS of $11.80 to $12.20.

Forward Outlook and Key Factors to Monitor

After the third-quarter report, the most important signal will be whether Sherwin-Williams reaffirms or adjusts its raised full-year guidance. The company raised its 2026 net sales growth outlook to a mid- to high-single-digit range in July and lifted adjusted EPS guidance to $11.80 to $12.20. Any change to those figures will likely drive the immediate market reaction.

Investors should also monitor Paint Stores Group same-store sales, which rose 4.2% in the second quarter. Sustained growth here would suggest the professional contractor market remains resilient even as new residential construction softens. The effectiveness of the September price increase will be a focal point, since pricing has been a central lever for offsetting raw material inflation.

On the cost side, watch management's commentary on raw material trends. Executives have signaled high-single-digit inflation in the second half, which could weigh on margins if price realization lags. The Suvinil integration in the Consumer Brands Group remains another variable, given its contribution to sales growth alongside incremental expenses.

Finally, broader housing and construction data will set the tone for the quarters ahead. Because Sherwin-Williams has emphasized share gains rather than a market recovery as its growth engine, investors will look for evidence that new account wins and customer engagement continue to offset weak underlying demand in residential repaint and DIY categories.

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