RBC Capital reiterates Outperform rating on Sherwin-Williams, $420 price target

Sherwin-Williams (SHW) reported Q2 revenue of $6.79B, up 7.5% YoY, beating estimates. Carlisle (CSL) saw $1.57B revenue, up 8.3%, outperforming. Resideo (REZI) reported $1.98B revenue, up 2%, but missed EBITDA estimates. Tecnoglass (TGLS) had $295.3M revenue, up 15.6%, beating expectations. Vulcan Materials (VMC) reported $2.16B revenue, up 2.5%, topping estimates. Building materials stocks are down 7.4% on average since earnings.

Pennsylvania DEP fined Sherwin-Williams $124,700 for Air Pollution Control Act violations at its Rochester, Beaver County plant. The DEP cited a January 2026 incident where a thermal oxidizer was required but not installed, leading to months of chemical releases. The consent order also requires further corrective actions and adds $1,000 per day per missed DEP deadline.

Pennsylvania DEP said Sherwin-Williams Manufacturing Company violated the Air Pollution Control Act at its Rochester, Beaver County plant for issues including a missing thermal oxidizer, delayed air cleaning devices, and monitoring and startup notification failures. DEP and the company agreed to a consent order requiring a $124,700 civil penalty within 30 days and compliance deadlines, with potential $1,000 per day per violation fines.

Simply Wall St reports Sherwin-Williams (SHW) posted Q2 2026 sales of $6,789.3m and net income of $843.6m, and raised full-year and next-quarter earnings guidance. The article cites SHW shares at $369.68, up 2.24% in one day and 15.45% over 90 days. It discusses store expansion (80-100 new stores annually) and valuation versus a $372.95 fair value narrative.

Sherwin-Williams reported Q2 revenue of $6.79B (vs $6.59B est) and adjusted EPS of $3.70 (vs $3.52 est), beating expectations, and raised full-year adjusted EPS guidance to $12 midpoint. Management cited new account wins, pricing actions, and Suvinil integration with cost control. Analysts asked about M&A discipline, margin drivers, EPS outlook, volumes, and September price realization.

Sherwin-Williams reported Q2 2026 results. Consolidated net sales rose 7.5% to $6.79B and net income was $843.6M (12.4% of sales). EBITDA increased 13.8% to $1.43B. Growth was attributed to higher sales across segments, including Suvinil acquisition, partly offset by higher raw material and employee costs. The company raised 2026 guidance and plans an 8% Paint Stores price increase effective Sept. 1, 2026.