Sherwin-Williams reported first-quarter 2026 net sales of $5.67 billion, up 6.8% from $5.31 billion a year earlier, as higher sales across all three reportable segments lifted results.
Net income rose 6.1% to $534.7 million from $504.1 million, while diluted earnings per share increased 7.5% to $2.15 from $2.00. Income before taxes climbed 4.1% to $679.8 million from $653.0 million.
EBITDA increased 8.8% to $998.2 million, equal to 17.6% of sales, compared with 16.9% a year ago.
In the Paint Stores Group, sales rose 3.7% to $3.05 billion from $2.94 billion. Same-store sales at locations open more than 12 months increased 2.4%, versus 1.2% in the prior-year quarter. Segment profit rose 3.3% to $558.8 million from $541.2 million, while margin slipped to 18.3% from 18.4%.
Consumer Brands Group posted the sharpest sales gain, with revenue up 19.2% to $908.3 million from $762.2 million. Segment profit jumped 49.5% to $197.2 million from $131.9 million, and reported margin improved to 21.7% from 17.3%.
Performance Coatings Group sales increased 6.5% to $1.71 billion from $1.60 billion. Segment profit rose 9.3% to $232.4 million from $212.7 million, and margin widened to 13.6% from 13.3%.
Cash from operations totaled $139.1 million in the quarter. Sherwin-Williams returned $772.7 million to shareholders through dividends and share repurchases, including 1.6 million shares bought back during the quarter. At March 31, the company had authorization remaining to repurchase 28.0 million shares.
For the second quarter, Sherwin-Williams expects net sales to rise by a mid-single-digit percentage from a year earlier. For full-year 2026, it continues to forecast sales growth in the low* to mid-single-digit range and adjusted diluted EPS of $11.50 to $11.90, versus its stated full-year diluted EPS range of $10.70 to $11.10. The market has reacted to these announcements by moving the company's shares 0.01% to a price of $337.70. If you want to know more, read the company's complete 8-K report here.
