(Updates with latest share movement in paragraph 1 and headline)
Sherwin-Williams (SHW) shares were up over 8% in Tuesday trading following its Q2 results.
Earlier, the company reported a Q2 adjusted net income of $3.70 per diluted share, up from $3.38 a year earlier.
Analysts polled by FactSet expected $3.52.
Net sales for the quarter ended June 30 were $6.79 billion, compared with $6.315 billion a year earlier.
Analysts expected $6.60 billion.
The company said it expects Q3 net sales to grow by mid to high-single digit percentage from a year earlier. Analysts polled by FactSet expect $6.65 billion.
For 2026, Sherwin-Williams raised its guidance and now expects adjusted EPS of $11.80 to $12.20, compared with its prior outlook of $11.50 to $11.90. Analysts expect $11.76.
Full-year net sales are now expected to grow in the mid- to high-single-digit percentage range, compared with low to mid-single-digit percentage range previously. Analysts expect $24.72 billion.
Price: $355.05, Change: $+27.78, Percent Change: +8.49%