Sherwin-Williams recently announced its financial results for the fourth quarter of 2025, noting a consolidated net sales increase of 2.1% to $23.57 billion.

Net income was reported at $476.8 in Q4 2025, down from $480.1 in Q4 2024. Diluted net income per share decreased 1.1% to $1.92 per share in the fourth quarter. Adjusted diluted net income per share increased 6.7% to $2.23 per share in Q4 of 2025.

“Sherwin-Williams delivered strong fourth quarter results driven by solid core performance amid continued demand choppiness, and inclusive of the first full quarter of the Suvinil acquisition,” says chair, president and chief executive officer, Heidi G. Petz. “Consolidated Net sales were at the high end of our guidance, adjusted EBITDA improved by a low-teens percentage and adjusted diluted net income per share increased by a mid-single digit percentage. We continued to execute our strategy, prioritize strategic growth investments, and tightly manage general and administrative expenses. SG&A growth remained in our targeted low-single digit range, including the addition of Suvinil, as previously announced restructuring efforts continued to yield savings. Free cash flow conversion in the quarter was 90.1%.”

For the full year 2025, diluted net income per share decreased 2.7% to $10.26 per share in the year compared to $10.55 per share in the full year 2024.

The company also released guidance for 2026:

“We enter 2026 with a continuation of the softer-for-longer demand environment we have previously described,” Petz says. “We expect these conditions to persist well into the second half of the year based on current customer sentiment and the macroeconomic indicators we track. At the same time, we also expect to continue to outperform the market given our differentiated strategy of providing innovative and productivity-improving solutions for our customers. We will continue to aggressively pursue profitable growth opportunities in every business, leveraging our world-class talent and unique assets, while executing on our enterprise strategic priorities. Our strong cash generation will enable us to invest in our business, return cash to our shareholders and make strategic acquisitions that accelerate our long-term growth.”