SHW Sherwin Williams (SHW) Q2 FY25 earnings call
Sherwin-Williams navigated a choppy Q2 FY25 by aggressively pursuing market share gains through strategic investments in its Paint Stores Group, capitalizing on a unique competitive environment. Despite softer demand in several end markets and a reduction in full-year EPS guidance, the company doubled its restructuring initiatives and maintained disciplined capital allocation, positioning for long-term outperformance. Management expressed confidence in their strategy to expand their competitive moat.
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SHW operating KPIs by quarter
| KPI | Mar 2025 Q1 FY25 | This call Jun 2025 Q2 FY25 | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|
| Employees | 64KI want to begin by thanking our 64,000 global employees for their sheer determination and willingness to solve challenges as we navigate a wide variety of near-term pressures.Source: earnings call transcript | 64KThat'd be one of the 6 -- we talk about our 6 enterprise priorities very consistently with our 64,000 global employees.Source: earnings call transcript | 65KI want to start by thanking our 65,000 global employees for their dedication and determination to deliver a solid year during one of the more challenging operating environments our company has seen.Source: earnings call transcript | 64K+I want to begin by thanking our more than 64,000 employees for executing our strategy in what remains a very challenging operating environment.Source: earnings call transcript | 64K+I want to begin by thanking our more than 64,000 employees for their relentless focus on executing on behalf of our customers.Source: earnings call transcript | — |
| Stores opened Paint Stores Group | 18We expanded segment margin by 120 basis points, 18.4% while continuing to invest in growth by opening 18 new stores in the quarter.Source: earnings call transcript | — | — | 21We opened 21 new stores during the quarter and as planned, closed 27 or about 0.5% of total PSG stores.Source: earnings call transcript | — | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.