SHW Sherwin Williams (SHW) Q3 FY25 earnings call
Sherwin-Williams delivered solid Q3 FY25 results, outperforming a persistently soft demand environment through strategic growth investments and disciplined cost control. The company saw strong performance in its Paint Stores Group, driven by market share gains, and closed the Suvinil acquisition to bolster its Consumer Brands Group. Despite navigating ongoing macroeconomic uncertainty and implementing cost-saving measures, including a temporary 401(k) match pause, management remains focused on long-term value creation and aggressive volume growth.
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SHW operating KPIs by quarter
| KPI | Mar 2025 Q1 FY25 | 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.