The Sherwin-Williams Company announced its financial results for the third quarter of 2026, reporting a consolidated net sales increase of 7.9% to $6.86 billion.

Consolidated Net sales increased primarily due to higher net sales in all reportable segments, inclusive of the October 2025 acquisition of Suvinil, and selling price increases, which impacted net sales by a mid-single digit percentage.

Net income for the quarter decreased 1.5% to $821.0 million, or 12.0% of net sales while adjusted EBITDA in the quarter increased 3.3% to $1.40 billion, or 20.5% of net sales.

“Sherwin-Williams third quarter performance demonstrated the resilience of our Company and the strength of our strategy in a challenging demand environment. Despite muted underlying market volumes, we continued to win new customers, increase share-of-wallet and deliver sales growth across all three reportable segments, at or above our guidance, supported by the differentiated value and productivity our solutions deliver to customers. At the same time, we took disciplined pricing and cost actions to address inflationary pressures, thoughtfully timed with our customers in mind,” says chair, president and chief executive officer, Heidi G. Petz. “Gross margin was primarily impacted in the quarter by higher raw material and supply chain related costs and by mix, including dilution from Suvinil and higher growth in lower margin reportable segments. Excluding the dilutive impact of the Suvinil acquisition, our year-to-date gross margin is flat compared to the prior year. SG&A as a percent of sales decreased in the quarter, as we continue to identify and implement efficiencies throughout our Company. Adjusted EBITDA and adjusted diluted earnings per share both grew over last year’s third quarter levels. We returned $749.0 million to shareholders in the quarter through dividends and share repurchases. Our team remains focused on serving our customers and controlling what we can control to continue top and bottom-line growth.”

The company revised its full year guidance, adjusting 2026 diluted net income per share guidance from the range of $10.92 to $11.22 per share to $11.85 to $12.15 per share, while maintaining full year 2026 sales guidance, expecting consolidated net sales to be up a mid to high-single digit percentage compared to full year 2025.

“Customer sentiment and the leading indicators we track point to muted demand over the remainder of the year and into 2027. As we navigate this environment, our focus remains clear: win in the marketplace, serve our customers, offset inflation, reduce costs and continue to deliver profitable growth and shareholder value,” Petz says.