NYSE$SHW
Sherwin-Williams Co · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Sherwin-Williams reported solid Q2 2021 results driven by strong architectural paint demand and industrial end markets, with pricing actions offsetting raw material inflation.
Sherwin-Williams announced its financial results for the second quarter ended June 30, 2021. Consolidated net sales increased 16.9% to $5.38 billion. Diluted net income per share increased to $2.42, and adjusted diluted net income per share increased 11.8% to $2.65. EBITDA increased to $1.05 billion, representing 19.5% of sales.
- Consolidated net sales increased 16.9% to $5.38 billion.
- Net sales from stores in U.S. and Canada open more than twelve calendar months increased 19.3%.
- Diluted net income per share increased to $2.42.
- Adjusted diluted net income per share increased 11.8% to $2.65.
Headline financials
Revenue & EPS history
Sherwin-Williams · Revenue · Quarterly
$5.38B
Revenue by segment
Sherwin-Williams · $2.29B total across 2 segments · Q2 2021
- Performance Coatings Group$1.55B+41.3%68.0%
- Consumer Brands Group$732M-25.4%32.0%
Forward guidance
The company provided guidance for the third quarter and full year 2021, anticipating continued robust demand and managing raw material inflation through pricing actions.
Tailwinds
- Demand remains robust across nearly all end markets.
- Confident in offsetting higher raw material costs with incremental price increases.
- Prepared to implement additional price increases if necessary.
- Ability to manage through disruptions in the supply chain.
- Focus on controlling what can be controlled while providing differentiated solutions and excellent customer service.
Headwinds
- Industry raw material inflation is more significant and sustained than originally anticipated.
- Supply chain disruptions.
- Challenging environment in the industry.
- Uncertainties related to the COVID-19 pandemic.
- Potential adverse impacts from weather conditions or climate change.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2021
+0.5%
Avg return
Earnings day
+1.3%
Avg return
5 days after
+2.1%
Avg return
30 days after
58%
42 / 73 earnings
Positive
+12.6%
Q1 2022
Best reaction
-10.3%
Q3 2016
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.5% | -5.4% | -9.4% | |
| Q4 2025 | +0.2% | +2.9% | +3.7% | |
| Q3 2025 | +5.5% | +2.6% | +2.2% | |
| Q2 2025 | -0.9% | -0.2% | -2.4% | |
| Q1 2025 | +4.8% | +8.3% | +7.1% | |
| Q4 2024 | +1.4% | -0.8% | +0.5% | |
| Q3 2024 | -5.0% | -5.9% | +0.4% | |
| Q2 2024 | +3.0% | +8.3% | +11.0% | |
| Q1 2024 | -1.8% | -0.9% | -2.0% | |
| Q4 2023 | +0.3% | +2.2% | +7.0% | |
| Q3 2023 | -0.0% | -1.1% | +15.1% | |
| Q2 2023 | +4.8% | +4.5% | +0.5% | |
| Q1 2023 | -3.2% | +0.4% | -4.2% | |
| Q4 2022 | -7.5% | -4.2% | -10.5% | |
| Q3 2022 | +3.9% | +6.4% | +17.6% | |
| Q2 2022 | -4.4% | -4.4% | -7.3% | |
| Q1 2022 | +12.6% | +10.9% | +9.7% | |
| Q4 2021 | -1.7% | -4.3% | -14.0% | |
| Q3 2021 | +2.5% | +2.2% | +5.9% | |
| Q2 2021 | +0.7% | +1.9% | +5.9% | |
| Q1 2021 | -0.2% | +1.6% | +6.0% | |
| Q4 2020 | -3.6% | -1.0% | -5.2% | |
| Q3 2020 | +1.2% | +2.6% | +9.1% | |
| Q2 2020 | +3.5% | +3.6% | +7.4% | |
| Q1 2020 | +5.4% | +4.0% | +16.7% | |
| Q4 2019 | -5.6% | -0.6% | -12.5% | |
| Q3 2019 | +2.4% | +4.5% | +3.3% | |
| Q2 2019 | +10.2% | +12.7% | +15.2% | |
| Q1 2019 | +1.3% | +1.1% | -4.7% | |
| Q4 2018 | +2.9% | +4.1% | +7.7% | |
| Q3 2018 | -4.5% | -0.8% | +7.0% | |
| Q2 2018 | +3.7% | +5.3% | +4.3% | |
| Q1 2018 | -3.9% | -3.2% | -0.3% | |
| Q4 2017 | -1.3% | -1.9% | -7.3% | |
| Q3 2017 | +1.5% | +2.8% | +1.0% | |
| Q2 2017 | -2.1% | -2.1% | -8.5% | |
| Q1 2017 | +4.2% | +6.3% | +6.7% | |
| Q4 2016 | +7.7% | +7.2% | +10.3% | |
| Q3 2016 | -10.3% | -11.9% | -2.0% | |
| Q2 2016 | -5.9% | -6.2% | -7.8% | |
| Q1 2016 | -0.3% | — | — | |
| Q4 2015 | +1.4% | — | — | |
| Q3 2015 | +8.1% | — | — | |
| Q2 2015 | -5.7% | — | — | |
| Q1 2015 | -2.3% | — | — | |
| Q4 2014 | +0.1% | — | — | |
| Q3 2014 | -1.7% | — | — | |
| Q2 2014 | +5.2% | — | — | |
| Q1 2014 | +2.9% | — | — | |
| Q4 2013 | -3.1% | — | — | |
| Q3 2013 | +3.1% | — | — | |
| Q2 2013 | -5.6% | — | — | |
| Q1 2013 | +4.8% | — | — | |
| Q4 2012 | +0.9% | — | — | |
| Q3 2012 | -8.0% | — | — | |
| Q2 2012 | +3.1% | — | — | |
| Q1 2012 | +1.0% | — | — | |
| Q4 2011 | +1.1% | — | — | |
| Q3 2011 | +2.9% | — | — | |
| Q2 2011 | -2.2% | — | — | |
| Q1 2011 | +1.4% | — | — | |
| Q4 2010 | -3.5% | — | — | |
| Q3 2010 | +1.4% | — | — | |
| Q2 2010 | -0.4% | — | — | |
| Q1 2009 | -0.3% | — | — | |
| Q1 2010 | +1.9% | — | — | |
| Q4 2009 | +0.3% | — | — | |
| Q4 2007 | +0.3% | — | — | |
| Q3 2008 | -2.0% | — | — | |
| Q3 2009 | -2.0% | — | — | |
| Q2 2009 | +3.9% | — | — | |
| Q2 2008 | +3.9% | — | — | |
| Q4 2008 | +3.9% | — | — |
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