The Sherwin-Williams Company (SHW) Earnings Call Transcripts

42 earnings calls from January 2020 to July 28, 2026

NYSE US Materials Chemicals

The Sherwin-Williams Company's Latest Earnings Call - Q2 FY2026

In the second quarter of 2026, Sherwin-Williams reported consolidated sales growth of a high single-digit percentage, exceeding guidance across all segments. Adjusted diluted EPS increased approximately 10%, with adjusted EBITDA growing by 10.5% to $1.5 billion. Management raised full-year sales and EPS guidance, now expecting consolidated sales to increase by a mid- to high single-digit percentage and adjusted diluted EPS in the range of $11.80 to $12.20, reflecting stronger execution and ongoing productivity actions.

Reported metrics

MetricValueContext
Revenue $5.5B (beat) vs $5.1B est, +8% YoY
Adjusted EPS $11.80 - $12.20 (beat) raised from previous guidance
Adjusted EBITDA $1.5B (beat) up 10.5% YoY
Gross Margin last year's level (inline) expected to maintain at midpoint of guidance
Free Cash Flow Conversion 86% (positive) strong cash generation
Net Debt to Adjusted EBITDA 2.4x (positive) strong balance sheet

Guidance from management

Management raised full-year consolidated sales guidance to a mid- to high single-digit percentage increase, with adjusted diluted EPS now expected in the range of $11.80 to $12.20.

What management said

Vincent, I'll add in from a market share standpoint, DIY, obviously, there's not been any meaningful improvement in that particular segment. Pros Who Paint, however, we are seeing continued share gains there. And that's a testament to the team successfully executing on our strategy. We've got, obviously, our very strategic partnerships, Lowe's and Menards and others, but this is a growing segment, still a small base ...
— Heidi Petz, Q2 FY2026 earnings call
Patrick, one other piece to add, and Jim mentioned this, but we talk about AI, data centers and the build-out. You think of the race of these hyperscalers and speed matters, and we can provide speed. We can provide a comprehensive one-shop solution for many of their coatings needs across the board that Jim just mentioned. So we're -- we love the tailwind, and we're ready for it.
— Heidi Petz, Q2 FY2026 earnings call

What analysts pressed on

Analysts expressed concerns about the DIY market's performance, noting a decline in demand. Additionally, there were questions about the sustainability of margin improvements and the impact of raw material inflation on future earnings.

Main topics on the call

Read the full The Sherwin-Williams Company transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

About The Sherwin-Williams Company

The Sherwin-Williams Company (SHW) is a publicly listed company in the Chemicals industry, within the Materials sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 42 calls on record spanning January 30, 2020 to July 28, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.

Earnings Call History

EarningsCalls.dev has 42 The Sherwin-Williams Company earnings call transcripts on record, spanning January 30, 2020 to July 28, 2026. Based on this history, The Sherwin-Williams Company reports quarterly. The most recent call on file is dated July 28, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker
SHW
Exchange
NYSE
Country
US
Sector
Materials
Industry
Chemicals
Calls on record
42
First call
January 30, 2020
Most recent
July 28, 2026
Reporting cadence
quarterly
Quarter Date
Q2 FY2026 Jul 28, 2026 Read transcript
Q1 FY2026 Apr 28, 2026 Read transcript
Q4 FY2025 Jan 29, 2026 Read transcript
Special Calls Nov 4, 2025 Read transcript
Q3 FY2025 Oct 28, 2025 Read transcript
Q2 FY2025 Jul 22, 2025 Read transcript
Q1 FY2025 Apr 29, 2025 Read transcript
Q4 FY2024 Jan 30, 2025 Read transcript
Q3 FY2024 Oct 22, 2024 Read transcript
Special Calls Aug 29, 2024 Read transcript
Q2 FY2024 Jul 23, 2024 Read transcript
Q1 FY2024 Apr 23, 2024 Read transcript
Q4 FY2023 Jan 25, 2024 Read transcript
Q3 FY2023 Oct 24, 2023 Read transcript
Special Calls Oct 11, 2023 Read transcript
Special Calls Aug 24, 2023 Read transcript
Q2 FY2023 Jul 25, 2023 Read transcript
Q1 FY2023 Apr 25, 2023 Read transcript
Q4 FY2022 Jan 26, 2023 Read transcript
Q3 FY2022 Oct 25, 2022 Read transcript
Q2 FY2022 Jul 27, 2022 Read transcript
Special Calls Jun 8, 2022 Read transcript
Q1 FY2022 Apr 26, 2022 Read transcript
Company Conference Presentations Mar 10, 2022 Read transcript
Q4 FY2021 Jan 27, 2022 Read transcript
Q4 FY2021 Jan 14, 2022 Read transcript
Q3 FY2021 Oct 26, 2021 Read transcript
M&A Calls Sep 29, 2021 Read transcript
Q2 FY2021 Jul 27, 2021 Read transcript
Special Calls Jun 8, 2021 Read transcript
Company Conference Presentations May 5, 2021 Read transcript
Q1 FY2021 Apr 27, 2021 Read transcript
Q4 FY2020 Jan 28, 2021 Read transcript
Q3 FY2020 Oct 27, 2020 Read transcript
Special Calls Sep 29, 2020 Read transcript
Q2 FY2020 Jul 28, 2020 Read transcript
Company Conference Presentations Jun 8, 2020 Read transcript
Company Conference Presentations May 14, 2020 Read transcript
Company Conference Presentations May 12, 2020 Read transcript
Q1 FY2020 Apr 29, 2020 Read transcript
Company Conference Presentations Mar 11, 2020 Read transcript
Q4 FY2019 Jan 30, 2020 Read transcript