Earnings Call
Jul 28, 2026
Q2 FY2026
EPS Estimate
3.52
EPS Actual
3.70
Post-Earnings Close
$354.27
Earnings Reaction
+8.3%
Sherwin-Williams posted a notably strong second quarter against a backdrop of persistent demand weakness across most of its end markets, demonstrating that its growth is being manufactured through execution rather than gifted by macro conditions. Consolidated sales grew by a high single digit percentage, beating guidance across all three reportable segments, while adjusted EBITDA expanded 10.5% to $1.5 billion, with margin improving 60 basis points to 21.5%. Net operating cash surged 21% year over year, and the company returned $1.5 billion to shareholders through buybacks and dividends, accelerating repurchases opportunistically during market volatility. The company raised its full-year adjusted diluted EPS guidance to $11.80, $12.20 and lifted its consolidated sales growth outlook to a mid-to-high single digit percentage range.
Report generated on Jul 29, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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