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Sep 30
Sherwin-Williams Q3 2025 Earnings Report
Sherwin-Williams reported increased revenue and net income in Q3 2025 driven by growth in Paint Stores and Performance Coatings segments.
Key Takeaways
Sherwin-Williams delivered a solid Q3 2025 with revenue and net income both increasing year-over-year. Strength in the Paint Stores Group and margin expansion offset continued weakness in the Consumer Brands Group.
Net sales grew 3.2% year-over-year to $6.36 billion.
Adjusted EPS rose to $3.59, reflecting strong operational execution.
Net income reached $833.1 million, or 13.1% of net sales.
Paint Stores Group drove growth across all customer segments.
Sherwin-Williams
Sherwin-Williams
Sherwin-Williams Revenue by Segment
Revenue by Segment
Paint Stores Group Revenue
CapyFin.comConsumer Brands Group Revenue
CapyFin.comPerformance Coatings Group Revenue
CapyFin.com Forward Guidance
Sherwin-Williams narrowed its FY25 EPS guidance and expects modest sales growth, with continued strategic investment despite a soft demand environment.
Positive Outlook
- FY25 adjusted EPS guidance narrowed to $11.25–$11.45.
- Expected increase in Q4 revenue due to Suvinil acquisition.
- Solid performance in Paint Stores Group expected to continue.
- Cost control and productivity measures remain in place.
- Gross margin expansion expected to persist into Q4.
Challenges Ahead
- Soft DIY demand continues to pressure Consumer Brands.
- Region and business mix weighing on Performance Coatings margin.
- Headwinds from new building costs and restructuring expenses.
- Global demand environment remains sluggish.
- One-time transaction costs to offset Suvinil Q4 EPS contribution.
Revenue & Expenses
Visualization of income flow from segment revenue to net income