Guidance
← Отчётные звонки
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SHW
FY2026 Q2
Повышен
Отчётный звонок The Sherwin-Williams Company
Вывод Buzzberg
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.
Вывод Buzzberg 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. Читать полный анализСвернуть анализ
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.
Выручка$6.7893B+20% к/к
EPS$3.70+57% к/к
Валовая маржа49.17%Факт
Операционная маржа18.13%Факт
6 подтверждённых тезисов
Что важно сейчас
Самые значимые изменения по итогам звонка.
Pricing
8% price increase effective September 1st to offset inflation.
Restructuring
Store closures total 57 year-to-date, net adds about 30.
Показать ещё 3 тезиса
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.
Отчётный период
Фактические результаты
| Показатель | Факт | Изменение |
|---|---|---|
| Выручка | $6.7893B | +20% к/к |
| EPS | $3.70 | +57% к/к |
| Валовая маржа | 49.17% | Факт |
| Операционная маржа | 18.13% | Факт |
| Свободный денежный поток | $1.2391B | Факт |
| Капзатраты | $0.1084B | Факт |
Прогнозные данные
Прогноз компании
| Показатель | Период | Диапазон | Середина | Статус |
|---|---|---|---|---|
| EPS | FY2026 | $11.80–$12.20 | $12.00 | Повышен |
| Выручка | FY2026 | 5%–7% | 6% | Повышен |
AI, капзатраты и спрос
Оценка менеджмента
Confident
Management repeatedly emphasized execution and share gains despite a soft demand environment, raising guidance and describing a clear strategy for growth.
все упомянутые компании ниже: 8
Компаниис момента звонка
Партнёры
Партнёры
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.
Доказательства
“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.”
Конкуренты
Конкуренты
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.
Доказательства
“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”
Конкуренты
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.
Доказательства
“mid-quarter you and Nippon made a bid for AXO and then, you know, relatively quickly thereafter pulled that bid.”
Цепочка поставок
Цепочка поставок
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.
Доказательства
“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”
Цепочка поставок
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.
Доказательства
“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,”
Внешние сигналы
Альфа цепочки поставок · 3с момента звонка
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.
Доказательства
“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.
Доказательства
“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.
Методология и полнота
Анализ основан только на заявлениях менеджмента. Показаны все подтверждённые упоминания компаний: 8. Фактические результаты и прогнозы разделены. Публичные доказательства ограничены восемью короткими атрибутированными цитатами. AI-анализ может быть неполным или ошибочным — проверяйте важные утверждения по первоисточнику.