# Sherwin-Williams Q3 2026 Earnings Report Highlights

> Sherwin-Williams reports 7.9% sales growth with $3.63 adjusted diluted EPS as it navigates inflation and cost pressures.
- Title: Sherwin-Williams Q3 2026 Earnings Report Highlights | Shortify
- Summary: Sherwin-Williams reports 7.9% sales growth with $3.63 adjusted diluted EPS as it navigates inflation and cost pressures. Sherwin-Williams reported $6.86…
- Keywords: sherwin-williams, q3 2026, earnings call, adjusted diluted eps, price increase, cost savings, raw material inflation, paint stores group, consumer brands group, performance coatings group, finance, money
- Source: The Motley Fool — https://fool.com/earnings/call-transcripts/2026/10/27/sherwin-williams-shw-q3-2026-earnings-call-transcript
- Author: Motley Fool Transcribing
- Published: 2026-10-27T17:54:23+00:00
- Read time: 2 min
- Topics: sherwin-williams, q3 2026, earnings call, adjusted diluted eps, price increase, cost savings, raw material inflation, paint stores group, consumer brands group, performance coatings group, finance, money
## Q3 Sales Performance
Sherwin-Williams reported consolidated net sales of $6.86 billion, a 7.9% increase driven by sales growth across all segments and mid-single digit price increases.
## Adjusted Diluted EPS
Adjusted diluted EPS reached $3.63, a 1.1% increase reflecting top-line growth and disciplined cost management partially offset by higher raw material and supply chain costs.
## Paint Stores Group
Paint Stores Group sales grew to $4.02 billion, increasing 4.7% due to mid-single digit price increases and low-single digit volume growth across all professional segments.
## Same-Store Sales
Paint Stores Group same-store sales grew 3.9%, supported by momentum in protective and marine, commercial, and residential repaint end markets.
## Consumer Brands Group
Consumer Brands Group sales increased to $937.4 million, a 21.7% rise primarily from the Suvinil acquisition and favorable foreign currency translation.
## Performance Coatings Group
Performance Coatings Group sales reached $1.90 billion, rising 8.8% behind mid-single digit price increases and low-single digit volume growth led by General Industrial and Packaging.
## Adjusted EBITDA
Adjusted EBITDA grew to $1.40 billion, up 3.3% year over year with an adjusted EBITDA margin of 20.5%.
## Net Operating Cash
Net operating cash reached $2.59 billion year to date, driven by higher net income and lower use of cash for working capital compared to the prior year.
## Shareholder Returns
The company returned $3 billion year to date through share repurchases of 7.1 million shares and quarterly dividends.
## Net Debt to EBITDA
Net debt to adjusted EBITDA remained at 2.4x, maintained as part of a strong balance sheet while funding acquisitions and shareholder returns.
## Full-Year EPS Guidance
Adjusted diluted EPS guidance narrowed to $11.85 to $12.15 for the full year, maintaining the $12.00 midpoint.
## 2027 Raw Material Inflation
Management expects 2027 raw material inflation to be in the low to mid single digit range, with the largest year-over-year impact in the first half of the year.
## PSG Price Increase
PSG implemented an 8% price increase effective Sept. 1, 2026, with full realization expected to ramp up in the first half of 2027.
## 2027 Cost Savings
The company projects $75 million in cost savings for 2027, including $25 million from 2026 restructuring actions and additional fourth-quarter initiatives.
## PSG Store Openings
PSG opened 57 gross new stores year to date, planning to return to its typical range of 80 to 100 net new stores in 2027.
## SG&A Expense Ratio
SG&A expense ratio decreased to 30.2% of sales, a 50 basis point reduction from the prior year as management implemented organizational efficiencies.
## Key takeaway

Sherwin-Williams reported $6.86 billion in Q3 sales, a 7.9% increase, with adjusted diluted EPS of $3.63, while managing inflation through staggered pricing and cost-saving initiatives.