SHERWIN WILLIAMS CO has recently released its 10-Q report. The Sherwin-Williams Company develops, manufactures, distributes and sells paint, coatings and related products to professional, industrial, commercial and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group and Performance Coatings Group, with business across North America, South America, the Caribbean, Europe, Asia and Australia.
In Item 2, Sherwin-Williams said consolidated net sales rose 7.5% in the second quarter to $6.789 billion and 7.2% in the first six months to $12.456 billion. The Paint Stores Group posted second-quarter sales of $3.890 billion, up 5.1%, with same-store sales at locations open more than 12 months up 4.2%; for the first half, segment sales were $6.940 billion, up 4.5%, and same-store sales rose 3.4%. Consumer Brands Group sales increased 21.5% in the quarter to $983.5 million and 20.4% year to date to $1.892 billion, driven mainly by the October 2025 Suvinil acquisition, which added 16.0% to quarterly growth and 16.6% to first-half growth. Performance Coatings Group sales rose 6.3% in the quarter to $1.914 billion and 6.4% in the first half to $3.620 billion, helped by price increases, volume growth and foreign currency.
Profitability also moved higher. Diluted net income per share increased 14.3% to $3.43 in the quarter from $3.00 a year earlier, while adjusted diluted EPS rose 9.5% to $3.70 from $3.38. For the first six months, diluted EPS climbed 11.6% to $5.58 and adjusted EPS increased 7.7% to $6.05. Income before income taxes reached $1.113 billion in the quarter, up from $985.7 million, and $1.792 billion for the half, up from $1.639 billion.
Gross profit in the quarter was $3.338 billion, compared with $3.118 billion a year earlier, while gross margin slipped to 49.2% from 49.4% because of the dilutive effect of Suvinil and higher raw material costs. SG&A rose to $2.104 billion from $2.012 billion, but fell to 31.0% of sales from 31.9% as sales growth outpaced expense growth. Interest expense increased to $135.9 million from $112.4 million, reflecting higher short-term borrowings, long-term debt and real estate financing tied to the new global headquarters.
Cash generation strengthened. Net operating cash was $1.487 billion in the first six months, up from $1.052 billion a year earlier. At June 30, 2026, Sherwin-Williams reported $293.5 million in cash and cash equivalents and $1.969 billion of unused capacity under its credit facilities. As a result of these announcements, the company's shares have moved 8.63% on the market, and are now trading at a price of $355.50. For the full picture, make sure to review SHERWIN WILLIAMS CO's 10-Q report.
