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Sentiment · FY2026 Q1
What companies say about each other on earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“We're off to a great start with the new Sherwin-Williams ProBlock Quick Dry Primers, which we introduced in Q3.”
Lowe's cites strong Pro demand for Sherwin-Williams' ProBlock primers driving double-digit primer comps, a positive supplier read-through for SHW.
“we're excited to announce the launch of Sherwin-Williams Pro Block Quick Dry primers”
Lowe's co-launches an exclusive Sherwin-Williams primer, deepening a key supplier relationship in paint.
“how do you square that relative to the weak ABI and these folks like Sherwin-Williams missing and things like that?”
An analyst cited Sherwin-Williams' recent earnings miss alongside weak Architecture Billings Index data as evidence of soft nonresidential construction conditions, questioning why Allegion's spec activity looks stronger.
“We're excited to see the new marketing campaign from Sherwin-Williams, which uses their iconic color palette to entice customers to shop Lowe's, including the Pro campaigns, where we continue to gain traction with our compelling value and expanded assortment.”
Sherwin-Williams is running a new joint marketing campaign, including a Pro-focused push, to drive traffic to Lowe's paint department.
“there was a surge as we continue to focus on taking that Kelly-Moore share.”
Sherwin-Williams captured residential-repaint share from Kelly-Moore following that competitor's exit, though it notes the surge is now behind it.
“given the challenges we're seeing now in Pittsburgh Paint, why wouldn't you not raise prices next year just to apply maximum pressure on Pittsburgh Paint”
An analyst characterizes competitor Pittsburgh Paints Company (the former PPG architectural business) as challenged, framing it as vulnerable to Sherwin-Williams pricing and share pressure.
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| John Roberts | Mizuho Securities | 7 (0%) |
| Vincent Andrews | Morgan Stanley | 6 (0%) |
| Greg Melich | Evercore ISI |
“pleased to have closed on Suvinil acquisition earlier this month”
Sherwin-Williams closed its acquisition of Brazilian paint brand Suvinil, adding a Latin America consumer-brands business expected to lift its Consumer Brands Group.
“So once in a career opportunity, following the divestiture is that because of the opportunities of the PPG architectural business.”
An analyst asked whether Sherwin-Williams' current growth opportunity stems from disruption at PPG's architectural coatings business following a divestiture.
“I will point to, you know, Lowe's, Menards, and others. I would tell you that we have never been in a better position of strength with some of these partnerships.”
Sherwin-Williams cites Lowe's as a strategic DIY retail partner where it says its relationship strength is at an all-time high.
“you announced in February an agreement to acquire BASF's architectural business in Brazil.”
Sherwin-Williams' pending Suvinil acquisition is BASF's Brazilian architectural coatings business; management called it a market leader with an outstanding management team, expected to close in the second half of 2025.
“PPG kept that part of their North American architectural business.”
An analyst frames Sherwin-Williams' share gains in Protective and Marine against PPG's decision to retain part of its North American architectural coatings business, implying competitive disruption in that market.
“given how complimentary that business model was to us relative to some of the key segments, I'll point to res repaint. We were able to, I think, be very well positioned. The team was very aggressive to make sure that we were focused on customer continuity and that we were the house that they wanted to transition to.”
Sherwin-Williams describes successfully converting Kelly Moore's former residential-repaint customers after picking up assets of the failed regional paint retailer.
“As I look at the PPG sale, I would first describe that as an opportunity that we just came out of our national sales meeting and was able to address over 10,000 of our store managers, our reps.”
Sherwin-Williams frames a disruption at PPG's architectural paint business as a share-gain opportunity, mobilizing its store and rep network to pursue PPG's contractor accounts.
| 6 (0%) |
| Patrick Cunningham | Citigroup | 6 (17%) |
| Jeff Zekauskas | JPMorgan | 6 (0%) |
| Josh Spector | UBS | 6 (0%) |
| Duffy Fischer | Goldman Sachs | 6 (0%) |
| Dave Begleiter | Deutsche Bank | 6 (0%) |
| Kevin McCarthy | Vertical Research Partners | 6 (0%) |
| Mike Sison | Wells Fargo | 6 (17%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Mizuho Securities | 1 | 7 (0%) |
| Jefferies | 2 | 6 (17%) |
| Evercore ISI | 1 | 6 (0%) |
| Citigroup | 1 | 6 (17%) |
| Goldman Sachs | 1 | 6 (0%) |
| Deutsche Bank | 1 | 6 (0%) |
| JPMorgan | 1 | 6 (0%) |
| Loop Capital | 2 | 6 (0%) |
Sherwin-Williams closed fiscal 2025 with adjusted EPS of $11.43, achieving a record year across five years of challenging demand as Q4 adjusted EPS grew 6.7% with EBITDA expanding 13.4%. Suvinil contributed its first full quarter while SG&A discipline earned returns and the 401(k) match was reinstated February 1. Management introduced initial FY2026 adjusted EPS guidance of $11.50-$11.90, representing 2.4% growth at the midpoint, alongside the 7% Paint Stores price increase effective January 1.
Demand | Competitive Dynamics | Margin | Revenue Growth | Pricing | Cost Pressure | Macroeconomic | M&A | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 7 | 2 | 5 | 6 | 5 | 4 | 3 | 2 |
| 2025Q1 | 8 | 7 | 4 | 4 | 4 | 3 | 3 | 2 |
| 2025Q2 | 6 | 6 | 7 | 3 | 2 | 5 | 4 | |
| 2025Q3 | 7 | 7 | 6 | 10 | 4 | 1 | 2 | 1 |
| 2025Q4 | 7 | 7 | 5 | 4 | 6 | 2 | 3 | 4 |
| 2026Q1 | 8 | 4 | 2 | 1 | 5 | 7 | 2 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 7 | 8 | 6 | 7 | 7 | 8 |
| Competitive Dynamics | 2 | 7 | 6 | 7 | 7 | 4 |
| Margin | 5 | 4 | 7 | 6 | 5 | 2 |
| Revenue Growth | 6 | 4 | 3 | 10 | 4 | 1 |
| Pricing | 5 | 4 | 2 | 4 | 6 | 5 |
| Cost Pressure | 4 | 3 | 5 | 1 | 2 | 7 |
| Macroeconomic | 3 | 3 | 4 | 2 | 3 | 2 |
| M&A | 2 | 2 | 1 | 4 | 1 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
SHW The Sherwin-Williams Company | 6 | +6.8% | |
| ALB Albemarle Corporation | 9 | +32.7% | |
| APD Air Products | 9 | +8.8% | |
| DD DuPont | 6 | -45.2% | |
| ECL Ecolab | 7 | +10.0% | |
| IFF International Flavors & Fragrances | 6 | -3.6% | |
| LIN Linde plc | 9 | +8.3% | |
| LYB LyondellBasell | 4 | -6.3% | |
| PPG PPG Industries | 6 | +6.7% |