What is the revenue and EPS growth rate for The Sherwin-Williams year over year?

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What were the key takeaways from The Sherwin-Williams's earnings call?

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- **Topline Resilience**: Paint Stores Group +mid-single digits, Consumer Brands (+Europe) offset Latin America FX, PCG Packaging/Auto Refinish lead growth.
- **Margin Expansion**: EBITDA margin +60bps, EPS +6.5%, driven by SG&A control and restructuring savings.
- **Strategic Moves**: Suvinil acquisition (+low single-digit sales), 80-100 new stores, 95+ new reps, and 7% price increase balanced with volume growth.
- **Risk Management**: 401(k) match pause to preserve jobs, 2026 outlook 'soft for longer' with focus on cost control and share gains.

**【CEO Summary Section】**
- **Segment Performance**: Paint Stores Group sales grew mid-single digits, driven by price/mix and volume gains, outperforming market softness. Consumer Brands Group saw Latin America FX headwinds offset by Europe growth. Performance Coatings Group was in line with expectations, with Packaging and Auto Refinish leading growth.
- **Strategic Investments**: 80-100 new stores and ongoing rep additions, with 95+ new reps year-over-year. Suvinil acquisition expected to add low single-digit sales growth in Q4 with immaterial EPS impact.
- **Cost Management**: Restructuring savings of $40M in 2025, targeting $80M+ annual savings. Matched 401(k) contributions paused to preserve jobs amid macro uncertainty.

**【CFO Financial Commentary】**
- **Q3 Results**: Consolidated sales up low single digits, adjusted EBITDA margin +60bps to 21.4%, EPS +6.5%. Free cash flow $864M for share buybacks and dividends.
- **Guidance Update**: Full year sales up low single digits, narrowing EPS range to $11.25-$11.45. 2026 outlook: demand 'soft for longer' with raw materials up low single digits, wages low double digits.
- **Price Strategy**: 7% Paint Stores price increase effective Q4, balanced with volume growth and segment mix. Other segments have targeted price actions to offset cost inflation.

**【Q&A Highlights】**
- **Pricing Effectiveness**: 7% price increase in Paint Stores Group reflects disciplined cost pass-through and value-added solutions. Segment margin expansion driven by SG&A leverage despite flat gross margin.
- **Demand Drivers**: Mortgage rates below 6% could catalyze existing home sales, but affordability remains key. Res repaint growth (+mid-single digits) driven by new account wins and share gains.
- **2026 Outlook**: Soft demand expected, with focus on cost control, share gains, and incremental margin from volume recovery. Gross margin sustainability tied to production efficiency and supply chain optimization.

The Sherwin-Williams Company (SHW) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

SHW

SHW fundamentals

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