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Sherwin Williams (SHW) guidance and outlook
Sherwin Williams (SHW) lowered its guidance on Oct 27, 2026: EPS $10.92–$11.22 for FY2026; EPS $11.85–$12.15 for FY2026; EPS $10.92–$11.22 for Q4 2026; EPS $11.85–$12.15 for Q4 2026. Sherwin Williams' 10-Q filed Oct 27, 2026 makes 9 forward-looking statements, 0 of them new and 2 no longer said since the filing before.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| EPS | FY2026 | $10.92–$11.22 | lowered |
| EPS | FY2026 | $11.85–$12.15 | reaffirmed |
| EPS | Q4 2026 | $10.92–$11.22 | new |
| EPS | Q4 2026 | $11.85–$12.15 | new |
From the earnings release filed Oct 27, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Oct 27, 2026
- Significant opportunities exist for each of our businesses, and we will continue to support our growth strategy by executing initiatives within our enterprise priorities, including talent, simplification, digitization, supply chain responsiveness and sustainability.
- We are, and expect to remain, in compliance with all financing covenants.
- The Company has historically experienced, and expects to continue to experience, variability in quarterly results.
- The results of operations for the three and nine months ended September 30, 2026 are not indicative of the results to be expected for the full year as our business is seasonal in nature, with the majority of Net sales traditionally occurring during the second and third quarters.
- In 2026, the Company expects to spend less than 2025 for capital expenditures, which it will fund primarily through the generation of operating cash.
- Management expects environmental laws and regulations to impose increasingly stringent requirements upon the Company and the industry in the future.
- Management also does not expect that such capital expenditures, depreciation and other expenses will be material to the Company’s financial condition, liquidity, cash flow or results of operations for the remainder of 2026.
- However, the Company does not expect foreign currency translation or transactions, interest rate movement, commodity price fluctuations or hedging contract losses to have a material adverse effect on the Company’s financial condition, results of operations or cash flows.
- At September 30, 2026, the Company was in compliance with the covenant and expects to remain in compliance.
Sherwin Williams' latest quarter
Sherwin Williams, Q3 2026: revenue $6.9B (+8% year over year), operating margin 15.5%, net earnings $821M, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
Questions
Did Sherwin Williams raise or lower its guidance?
Sherwin Williams (SHW) lowered its guidance on Oct 27, 2026: EPS $10.92–$11.22 for FY2026; EPS $11.85–$12.15 for FY2026; EPS $10.92–$11.22 for Q4 2026; EPS $11.85–$12.15 for Q4 2026.
What does Sherwin Williams expect?
Significant opportunities exist for each of our businesses, and we will continue to support our growth strategy by executing initiatives within our enterprise priorities, including talent, simplification, digitization, supply chain responsiveness and sustainability. We are, and expect to remain, in compliance with all financing covenants. The Company has historically experienced, and expects to continue to experience, variability in quarterly results.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.