Sherwin-Williams reports modest growth in 2025, unveils outlook for 2026

Sherwin-Williams (NYSE:SHW) today released its financial results for the full year of 2025 and the fourth quarter, reflecting steady growth in net sales but a slight dip in diluted net income per share.

For the year, consolidated net sales reached $23.57 billion, marking a 2.1% increase compared to the previous year.

However, diluted net income per share for the full year came in at $10.26, down 2.7%, while adjusted diluted net income per share rose slightly to $11.43, an increase of 0.9%.

In the fourth quarter, the company reported net sales of $5.596 billion, and adjusted diluted earnings per share (EPS) rose by 6.7% to $2.23.

A significant contributor to this growth was Suvinil, which added $164.5 million to the company's Q4 sales.

Additionally, Sherwin-Williams generated $3.45 billion in net operating cash for the quarter.

Looking ahead, the company provided an optimistic forecast for 2026.

Sherwin-Williams projects adjusted diluted EPS to range between $11.50 and $11.90, with net sales expected to increase in the low- to mid-single digits.