Q2 25 EPS
$3.38
MISS 11.38%
Est. $3.81
Q2 25 Revenue
$6.31B
BEAT +0.19%
Est. $6.30B
vs S&P Since Q2 25
-18.1%
TRAILING MARKET
SHW -3.5% vs S&P +14.6%
Market Reaction
Did SHW Beat Earnings? Q2 2025 Results
Sherwin-Williams delivered a deeply disappointing second quarter, posting adjusted diluted EPS of $3.38, a miss of 11.38% against the $3.81 consensus estimate, even as revenue edged up 0.7% year over year to $6.31 billion, barely clearing expectation… Read more Sherwin-Williams delivered a deeply disappointing second quarter, posting adjusted diluted EPS of $3.38, a miss of 11.38% against the $3.81 consensus estimate, even as revenue edged up 0.7% year over year to $6.31 billion, barely clearing expectations by 0.19%. The profit shortfall was driven primarily by a wave of cost headwinds including roughly $59 million in restructuring charges, approximately $40 million in transition costs tied to new headquarters and R&D construction arriving ahead of schedule, and around $75 million in non-operating cost pressures, all of which pushed SG&A to 31.9% of sales from 29.4% a year ago. The results were uneven across segments, with the Paint Stores Group providing modest growth while the Consumer Brands Group suffered from weak North American DIY demand, a trend management sees persisting with no visible catalysts for recovery. CEO Heidi Petz characterized conditions as "softer for longer," and the company lowered its full-year adjusted EPS guidance to a range of $11.20 to $11.50, essentially flat with the $11.33 earned in 2024, while doubling down on restructuring initiatives to navigate the prolonged softness.
Key Takeaways
- • Gross margin expansion for 12th consecutive quarter reaching 49.4% of net sales
- • Paint Stores Group protective and marine sales grew high-single digit percentage for fourth consecutive quarter
- • Residential repaint sales increased mid-single digits in PSG despite down market
- • Packaging sales in Performance Coatings Group increased by double digit percentage
- • Mid-single digit price realization in Paint Stores Group tracking better than expected
- • SG&A increased to 31.9% of net sales from 29.4% due to restructuring charges, building costs, and growth investments
SHW YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
SHW Revenue by Segment
With YoY comparisons, source: SEC Filings
“Sherwin-Williams continued to execute on our consistent and disciplined strategy in a demand environment that remained choppy as we anticipated. Consolidated sales were within our guided range, and we delivered gross margin expansion for the 12th consecutive quarter.”
— Heidi G. Petz, Q2 2025 Earnings Press Release
SHW Earnings Trends
SHW vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
SHW EPS Trend
Earnings per share: estimate vs actual
SHW Revenue Trend
Quarterly revenue: estimate vs actual
SHW Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $2.35 | — | $5.67B | — |
| Q4 25 BEAT FY | $2.16 | $2.23 | +3.24% | $5.60B | +0.83% |
| FY Full Year | $11.37 | $11.43 | +0.49% | $23.57B | +0.20% |
| Q3 25 BEAT | $3.44 | $3.59 | +4.38% | $6.36B | +2.60% |
| Q2 25 MISS | $3.81 | $3.38 | -11.38% | $6.31B | +0.19% |
| Q1 25 BEAT | $2.16 | $2.25 | +4.12% | $5.31B | -1.85% |