Guidance
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SHW
FY2026 Q2
상향
The Sherwin-Williams Company 실적 발표
Buzzberg 분석
Company raises full-year sales and EPS guidance on strong first half.
Sherwin-Williams reported strong Q2 results with sales and EPS beating guidance, driven by strong execution and share gains across all segments. The company raised its full-year guidance, signaling confidence in its ability to navigate a challenging demand environment through pricing power and cost discipline. Consolidated sales grew by a high single-digit percentage, with strong growth in all segments, particularly Protective & Marine and Commercial.
Buzzberg 분석 Company raises full-year sales and EPS guidance on strong first half. Sherwin-Williams reported strong Q2 results with sales and EPS beating guidance, driven by strong execution and share gains across all segments. The company raised its full-year guidance, signaling confidence in its ability to navigate a challenging demand environment through pricing power and cost discipline. Consolidated sales grew by a high single-digit percentage, with strong growth in all segments, particularly Protective & Marine and Commercial. 전체 분석 보기분석 접기
Sherwin-Williams reported strong Q2 results with sales and EPS beating guidance, driven by strong execution and share gains across all segments. The company raised its full-year guidance, signaling confidence in its ability to navigate a challenging demand environment through pricing power and cost discipline. Consolidated sales grew by a high single-digit percentage, with strong growth in all segments, particularly Protective & Marine and Commercial.
- Company raised full-year sales and EPS guidance, driven by strong first-half performance and momentum.
- Management announced an 8% price increase effective September 1st to offset raw material inflation, which is expected to be a headwind in H2.
- The company walked away from a joint bid with Nippon Paint for Akzo Nobel's decorative coatings business due to lack of engagement and value discipline.
매출$6.7893B+20% 전분기 대비
주당순이익(EPS)$3.70+57% 전분기 대비
매출총이익률49.17%보고값
영업이익률18.13%보고값
근거 있는 핵심 내용 6개
지금 중요한 점
이번 발표에서 가장 의미 있는 변화를 정리했습니다.
Pricing
8% price increase effective September 1st to offset inflation.
Restructuring
Store closures total 57 year-to-date, net adds about 30.
핵심 내용 3개 더 보기
Demand
Protective and Marine sales up mid-teens, eighth straight quarter of high single-digit growth.
Costs
Raw material inflation expected high single digit in second half.
M&A
M&A pipeline disciplined, passed on most assets.
보고 기간
보고 실적
| 지표 | 보고값 | 변화 |
|---|---|---|
| 매출 | $6.7893B | +20% 전분기 대비 |
| 주당순이익(EPS) | $3.70 | +57% 전분기 대비 |
| 매출총이익률 | 49.17% | 보고값 |
| 영업이익률 | 18.13% | 보고값 |
| 잉여현금흐름 | $1.2391B | 보고값 |
| 자본지출 | $0.1084B | 보고값 |
향후 전망
향후 가이던스
| 지표 | 기간 | 범위 | 중간값 | 상태 |
|---|---|---|---|---|
| 주당순이익(EPS) | FY2026 | $11.80–$12.20 | $12.00 | 상향 |
| 매출 | FY2026 | 5%–7% | 6% | 상향 |
AI, 자본지출 및 수요 분석
경영진 분석
Confident
Management repeatedly emphasized execution and share gains despite a soft demand environment, raising guidance and describing a clear strategy for growth.
아래에 언급된 기업 8개 모두 표시
기업발표 이후 수익률
파트너
파트너
Heidi Petz
Sherwin-Williams sees continued share gains in the Pro segment through its strategic partnerships with Lowe's and Menards, supporting these retailers' pro-focused growth strategies.
근거
“We've got, obviously, our very strategic partnerships, Lowe's and Menards and others. But this is a growing segment, still a small base, but the fundamentals are intact there.”
경쟁사
경쟁사
Heidi Petz
Sherwin-Williams walked away from its bid for Akzo Nobel's decorative coatings business due to lack of engagement and pricing discipline, indicating a potential for future asset sales by Akzo Nobel at lower valuations.
근거
“there was an opportunity at the right price, at the right time, at the right value that would have been something that would absolutely have been complementary to our strategy. Having said that, I think timing is everything, value is”
경쟁사
Heidi Petz
Sherwin-Williams partnered with Nippon Paint on a joint bid for Akzo Nobel assets but both walked away, highlighting the difficulty of executing large-scale M&A in the coatings sector.
근거
“mid-quarter you and Nippon made a bid for AXO and then, you know, relatively quickly thereafter pulled that bid.”
공급망
공급망
Heidi Petz
The raw material inflation outlook has been revised upward for H2 to high single digits, and the September price increase is designed to offset this, signaling a pricing power dynamic that could affect competitors. — Sherwin's ability to delay price increases and pass through costs indicates strong pricing power in architectural paints, but this could pressure smaller competitors and value-segment players who may not be able to fully offset input cost inflation.
근거
“Inflation remains a variable we are actively managing. Our supplier relationships are strong and continue to be a competitive advantage, and we do not expect raw material availability to be an issue for us. At the same time, we are not”
공급망
Heidi Petz
Sherwin-Williams' protective and marine business is growing at a mid-teens rate for the eighth consecutive quarter, driven by data center construction, semiconductor fabs, and manufacturing onshoring, highlighting strong demand in these specific industrial verticals. — This signals sustained, secular growth in the construction and maintenance of large-scale industrial facilities, which benefits companies providing HVAC, electrical, and other infrastructure for these buildouts.
근거
“Protective and Marine continued its momentum as sales increased by a mid-teens percentage versus a high single-digit comparison. It was the eighth straight quarter of at least high single-digit growth in this business. Data centers,”
외부 신호
공급망 알파 · 3발표 이후 수익률
Sherwin-Williams is actively pruning its store portfolio (57 closures) to improve profitability and enable faster growth in the future, indicating a focus on operational efficiency over top-line store count.
근거
“As we have done for decades, we continually assess and optimize our store portfolio to drive profitability, strengthen operational flexibility, drive improvement in return on net assets employed, and ensure that we maintain the highest lev…”
The raw material inflation outlook has been revised upward for H2 to high single digits, and the September price increase is designed to offset this, signaling a pricing power dynamic that could affect competitors.
근거
“Inflation remains a variable we are actively managing. Our supplier relationships are strong and continue to be a competitive advantage, and we do not expect raw material availability to be an issue for us. At the same time, we are not imm…”
Sherwin-Williams' protective and marine business is growing at a mid-teens rate for the eighth consecutive quarter, driven by data center construction, semiconductor fabs, and manufacturing onshoring, highlighting strong demand in these specific industrial verticals.
방법론 및 범위
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