Sherwin-Williams — Apr 28, 2026 release
Fiscal 2026 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000089800-26-000036
Showing in the filing
SG&A increase
“low-single digit percentage increase”
Period
FY2026
Measure
Company-defined measure
Source
Prose
All guidance in this release · 10
Diluted net income per share for FY2026
“$10.70 to $11.10 per share”
Valspar acquisition-related amortization exp… for FY2026
“$0.80 per share”
Adjusted diluted net income per share for FY2026
“$11.50 to $11.90 per share”
SG&A increase for FY2026
“low-single digit percentage increase”
Effective tax rate for FY2026
“Low twenty percent”
Consolidated price/mix for FY2026
“move upward to the high end of our prior low-single digit range guidance”
Consolidated Net sales for Q2 FY2026
“up a mid-single digit percentage compared to the second quarter of 2025”
Net sales for Q2 FY2026
“up a mid-single digit percentage”
Consolidated Net sales for FY2026
“up by a low to mid-single digit percentage compared to 2025”
Net sales for FY2026
“up by a low to mid-single digit percentage”
Exhibit 99.1 · the passage around this item
… earlier in the release
Against a challenging prior year comparison, SG&A increased by a mid-single digit percentage, excluding the expected headwinds from Suvinil, non-annualized operating costs and depreciation related to our new buildings and foreign currency translation. Our expectation of a low-single digit percentage increase in SG&A for the full year remains unchanged. Net income, adjusted earnings per share and EBITDA all increased over the prior year quarter. Our global team continues to execute our strategy, delivering reliability and consistency for our customers while focusing on what we can control.” 1 FIRST QUARTER CONSOLIDATED RESULTS (in millions, except per share data) Three Months Ended March 31, 2026 2025 $ Change % Change Net sales $ 5,666.9 $ 5,305.7 $ 361.2 6.8 % Income before income taxes $ 679.8 $ 653.0 $ 26.8 4.1 % Percent to Net sales 12.0% 12.3% Net income per share - diluted $ 2.15 $ 2.00 $ 0.15 7.5 % Adjusted net income per share - diluted $ 2.35 $ 2.25 $ 0.10 4.4 % Consolidated Net sales increased primarily due to higher Net sales in all reportable segments, inclusive of the October 2025 acquisition of Suvinil and a 1.7% impact from favorable foreign currency translation. Income before income taxes increased primarily due to higher Net sales and moderating raw material costs, partially offset by an increase in employee-related and marketing costs to support higher Net sales, incremental selling, general and administrative (SG&A) expenses associated with Suvinil and highe
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.