Sherwin-Williams Company (NYSE:SHW) shares climbed more than 5% in pre-market trading on Tuesday after the paints and coatings manufacturer reported stronger-than-expected second-quarter results and increased its full-year earnings guidance despite a subdued demand environment.
The company delivered higher revenue and profit, supported by continued market share gains, strategic investments and contributions from acquisitions.
Revenue and Earnings Surpass Expectations
Adjusted earnings per share for the second quarter came in at $3.70, comfortably ahead of the analyst consensus estimate of $3.50.
Revenue increased 7.5% year over year to $6.79 billion, exceeding market expectations of $6.61 billion.
Adjusted EBITDA rose approximately 10% from the previous year to $1.46 billion, while the adjusted EBITDA margin improved by 60 basis points to 21.5%.
“Sherwin-Williams delivered strong second quarter results and continued to outperform the market despite ongoing global uncertainty and no meaningful improvement in demand,” said Chair, President and Chief Executive Officer Heidi G. Petz. “Sales improvement was driven by continued growth investments, new account wins and increased share of wallet.”
Company Raises 2026 Earnings Forecast
Following the stronger quarterly performance, Sherwin-Williams lifted its adjusted earnings per share guidance for the full year to a range of $11.80 to $12.20.
The updated outlook is above the analyst consensus estimate of $11.75, with the midpoint of the guidance also exceeding market expectations.
Management continues to expect full-year revenue growth in the mid- to high-single-digit percentage range compared with 2025.
All Business Segments Deliver Growth
The Paint Stores Group, the company’s largest operating division, generated revenue of $3.89 billion, representing year-over-year growth of 5.1%, while same-store sales increased 4.2%.
Consumer Brands Group revenue rose 21.5% to $983.5 million, largely reflecting the contribution from the Suvinil acquisition completed in October 2025.
Performance Coatings Group also reported higher sales, with revenue increasing 6.3% to $1.91 billion.
Price Increase and Shareholder Returns
Sherwin-Williams announced that it will implement an 8% price increase across its Paint Stores Group from 1 September to help offset rising costs for raw materials, energy, logistics and packaging.
During the first six months of 2026, the company returned $1.46 billion to shareholders through dividends and share repurchases, continuing its capital return strategy.
Sherwin-Williams stock price
