The Sherwin-Williams Company reported financial results for the third quarter ended September 30, 2026, with consolidated net sales increasing 7.9% to $6.86 billion compared to the prior year. Diluted net income per share for the quarter was $3.38, a 0.9% increase from $3.35 in the third quarter of 2025. Adjusted diluted net income per share was $3.63, representing a 1.1% increase from the prior year.
Net income for the quarter decreased 1.5% to $821.0 million, or 12.0% of net sales. Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) increased 3.4% to $1.39 billion, or 20.3% of net sales, while Adjusted EBITDA increased 3.3% to $1.40 billion, or 20.5% of net sales.
Sales growth was driven by higher net sales across all three reportable segments and selling price increases, which impacted net sales by a mid-single digit percentage. The Paint Stores Group (PSG) reported net sales of $4,015.8 million, a 4.7% increase, with same-store sales up 3.9%. The Consumer Brands Group (CBG) saw net sales rise 21.7% to $937.4 million, while the Performance Coatings Group (PCG) reported net sales of $1,903.3 million, an 8.8% increase.
The company returned $749.0 million to shareholders in the quarter through dividends and share repurchases. As of September 30, 2026, the company had remaining authorization to purchase 22.5 million shares of its common stock.
Sherwin-Williams updated its full year 2026 guidance. The company now expects consolidated net sales to be up a mid to high-single digit percentage compared to full year 2025. The company revised diluted net income per share guidance for the full year to a range of $10.92 to $11.22 per share, including Valspar acquisition-related amortization expense of $0.82 per share and severance and other restructuring expenses of $0.11 per share. Adjusted diluted net income per share guidance is now expected to be in the range of $11.85 to $12.15 per share.
