Citable filing context

SHW filing events and research context

Server-rendered

SHW's research view summarizes recent SEC filing context, starting with mda_quarterly from Apr 28, 2026.

SHW filing events and research context
FiledItemContext
Apr 28, 2026mda_quarterlyConsolidated net sales increased 6.8% to $5.667 billion in the first quarter of 2026, with diluted net income per share rising 7.5% to $2.15. Gross profit margin expanded to 49.1%, supported by strategic pricing and moderating raw material costs. The Paint Stores Group saw a 3.7% sales increase, driven by double-digit growth in protective and marine markets, though new residential demand declined. The Consumer Brands Group grew 19.2%, primarily due to the acquisition of Suvinil in Brazil, which offset soft DIY demand in North America. Performance Coatings sales rose 6.5%, led by strong performance in Automotive Refinish and General Industrial. Management identifies a "softer-for-longer" demand environment and potential geopolitical inflation affecting raw materials, energy, and logistics as primary headwinds. Liquidity remains robust with $2.443 billion in unused credit capacity, enabling $772.7 million in shareholder returns through dividends and share repurchases. Significant long-term risks include environmental remediation liabilities, particularly at the Gibbsboro, New Jersey site, and ongoing lead-based paint litigation. Capital expenditures were heavily influenced by the completion of a new global headquarters and technology center, though core CapEx for 2026 is targeted at approximately 2% of net sales.
Feb 19, 2026businessSherwin-Williams operates a global paint and coatings business through three reportable segments: the Paint Stores Group, Consumer Brands Group, and Performance Coatings Group. The Paint Stores Group manages 4,853 company-operated specialty stores in the U.S., Canada, and the Caribbean, serving architectural and industrial contractors and DIY customers. The Consumer Brands Group manufactures branded and private-label architectural paints, stains, and wood finishes for retailers across North America, Latin America, and Europe, while also operating 307 stores in Latin America. The Performance Coatings Group provides industrial, automotive refinish, and marine coatings worldwide via 317 branches and direct sales. The company's cost of goods sold is primarily driven by raw materials derived from petrochemical feedstocks, specifically propylene. Financial performance is seasonal, with peak demand in the second and third quarters, necessitating inventory builds in the first quarter. Key risks include volatility in raw material costs, economic downturns affecting cyclical demand, and significant liabilities related to environmental remediation and lead-based paint litigation. Competition across all segments is driven by product innovation, technical expertise, and pricing. The company maintains a global workforce of over 64,000 employees to support its manufacturing and distribution networks.
Feb 19, 2026mdaSherwin-Williams operates through three reportable segments: the Paint Stores Group, Consumer Brands Group, and Performance Coatings Group, leveraging key brands such as Emerald, Duration, Valspar, Cabot, and Minwax. The company maintains sufficient productive capacity to meet 2026 demand, and because of short order-to-ship cycles, backlog remains insignificant. Competitive pressures persist across all segments from mass merchandisers, home centers, and specialized industrial competitors. In the Paint Stores and Consumer Brands groups, competitive advantage is driven by product innovation, service, and pricing, while the Performance Coatings Group relies more heavily on technical expertise and distribution networks. The company employs 64,249 people globally, with 73% based in the United States. To support long-term growth and operational execution, the company focuses on aggressive talent acquisition, including the hiring of approximately 1,700 management trainees in 2025. Human capital initiatives emphasize a culture of belonging and expanded total rewards, including new child and elder care benefits and a global well-being platform launched in 2026 to improve employee retention and performance.

Source: SEC EDGAR filing text and events; period Apr 28, 2026; filed Apr 28, 2026.

Continue research

Keep researching SHW

Follow same-sector companies and source explainers connected to the research view.

Related tickers

NEM
Newmont
$105.66B
Materials
Open company page →
FCX
Freeport-McMoRan
$91.86B
Materials
Open company page →
ECL
Ecolab
$72.47B
Materials
Open company page →
CRH
CRH plc
$67.90B
Materials
Open company page →
APD
Air Products
$61.64B
Materials
Open company page →
NUE
Nucor
$57.70B
Materials
Open company page →

Related explainers

Understanding 8-K filings

A factual guide to SEC Form 8-K current reports and the material company events they can disclose between quarterly filings.

Read explainer →
Reading a 10-Q

A factual guide to quarterly SEC Form 10-Q reports, how they differ from annual 10-K filings, and what readers can inspect first.

Read explainer →
S-1 and the IPO prospectus

A factual guide to Form S-1 registration statements and the disclosures companies provide before a public offering.

Read explainer →
Reading an SEC 10-K

A factual guide to the core 10-K sections investors use for company context: business description, risk factors, MD&A, financial statements, and segment disclosures.

Read explainer →