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SHERWIN WILLIAMS CO 8-K Report, Financial Results (Oct 28, 2025)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed October 28, 2025
Period End
October 28, 2025
Security
SHW
In the record · 2016–202610-K1110-Q328-K145

SHW filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 145 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Jan ’18Jan ’18
  2. Leadership change8-K · Nov ’20Nov ’20
  3. Material agreement8-K · Oct ’22Oct ’22
  4. Material agreement8-K · Sep ’26Sep ’26

01—Abstract

Summary

Summary of the 8-K filed October 28, 2025. Cited figures are marked; the original filing is the authoritative source.

The Sherwin-Williams Company (SHW) reported third quarter 2025 results on October 28, 2025, with net sales rising 3.2% year-over-year to $6.36 billiona and diluted EPS up 5.3% to $3.35 (adjusted diluted EPS up 6.5% to $3.59).

Net income grew 3.3% to $833.1 millionb, and adjusted EBITDA increased 6.0% to $1.36 billion, or 21.4% of net sales. The Paint Stores Group drove results, with same-store sales up 3.6%, segment profit up 6.5%, and growth across every professional end market, while the Consumer Brands Group saw sales decline 2.6% on soft DIY demand in North America and Latin America, and the Performance Coatings Group grew sales 1.7% but saw segment profit fall 7.5% on unfavorable region and business mix. Management narrowed full-year 2025 guidance: diluted EPS of $10.16 to $10.36 (including $0.77 of acquisition amortization and $0.32 of restructuring costs) and adjusted diluted EPS of $11.25 to $11.45, versus $11.33 in 2024, implying roughly flat adjusted EPS at the midpoint.

Management described demand as "softer for longer," and the guidance includes the Suvinil acquisition, which closed October 1 and is expected to add a low-single-digit percentage to fourth-quarter net sales. The company also returned $2.13 billionc to shareholders in the first nine months through dividends and buybacks, and its balance sheet shows total debt rising meaningfully year over year (short-term borrowings of $1.85 billion versus $0.92 billion, and long-term debt of $9.32 billion versus $8.18 billion).

For investors, the quarter showed resilient pricing and volume in the Paint Stores Group, but the full-year outlook implies little adjusted EPS growth, and softness in consumer and performance coatings remains a watch item. Investors should also note that the filing furnishes the press release under Item 2.02 rather than filing it, so its contents are not subject to Section 18 liability.

02—Key points

Key Highlights

  1. Q3 2025 net sales rose 3.2% to $6.36 billion, with Paint Stores Group same-store sales up 3.6%.
  2. Diluted EPS increased 5.3% to $3.35; adjusted diluted EPS increased 6.5% to $3.59.
  3. Adjusted EBITDA grew 6.0% to $1.36 billion, expanding to 21.4% of net sales.
  4. Full-year 2025 adjusted diluted EPS guidance narrowed to $11.25–$11.45 versus $11.33 in 2024, implying roughly flat growth at the midpoint.
  5. Consumer Brands Group sales fell 2.6% on weak North American and Latin American DIY demand; Performance Coatings segment profit fell 7.5% on adverse sales mix.
  6. Suvinil acquisition closed October 1 and is expected to lift Q4 net sales by a low-single-digit percentage, with immaterial EPS impact.
  7. Total debt increased materially year over year, with short-term borrowings up to $1.85 billion and long-term debt at $9.32 billion, while the company returned $2.13 billion to shareholders in the first nine months.

03—Questions

Frequently Asked Questions

  1. How did Sherwin-Williams perform in the third quarter of 2025?

    Net sales increased 3.2% to $6.36 billion, net income rose 3.3% to $833.1 million, and diluted EPS grew 5.3% to $3.35. Adjusted diluted EPS, which excludes Valspar acquisition amortization and restructuring costs, rose 6.5% to $3.59.

  2. What is the updated full-year 2025 guidance?

    Management expects full-year diluted EPS of $10.16 to $10.36 and adjusted diluted EPS of $11.25 to $11.45, compared with $11.33 adjusted in 2024. Net sales are expected to grow a low-single-digit percentage for the full year.

  3. Why did Consumer Brands and Performance Coatings underperform?

    Consumer Brands sales fell 2.6% on soft DIY demand in North America and Latin America, partly offset by Europe. Performance Coatings segment profit declined 7.5% due to unfavorable region and business sales mix and higher expenses to support sales, even though sales grew 1.7%.

  4. What does the Suvinil acquisition mean for the company?

    Suvinil closed on October 1, 2025 and is expected to increase fourth-quarter consolidated net sales by a low-single-digit percentage. Management expects an immaterial impact on Q4 diluted EPS because of one-time transaction costs and purchase accounting items.

  5. How is the company managing capital and debt?

    The company generated $2.36 billion in operating cash flow and returned $2.13 billion to shareholders through dividends and repurchases of 4.5 million shares in the first nine months of 2025. Short-term borrowings and long-term debt both increased year over year, and 30.0 million shares remain authorized for repurchase.

04—Continue

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