SHW · Sherwin-Williams Q2 FY2026 earnings call record财报电话会记录

“In the commercial business, the gains we have been targeting over the past 24 months are now evident as sales increased by high single digits in an underlying market that remains soft.”

“Segment profit grew by mid-single digits and segment margin was 24.6%.”

“As we have done for decades, we continually assess and optimize our store portfolio to drive profitability, strengthen operational flexibility, drive improvement in return on net assets employed, and ensure that we maintain the highest level of service for our customers.”

“Sales are not being negatively impacted by this targeted surgical approach as our mid-single digit growth year to date is meaningfully outpacing the market.”

“We expect effectiveness of this increase to be in our typical range, though we will continue to be opportunistic in pursuing additional volume.”

“Adjusted segment margin increased 210 basis points to 24.5%.”

“Adjusted segment margin increased 50 basis points with strong incremental margin of 26.4%.”

“In this environment, we continue to focus on the levers within our control, securing incremental volume while maintaining the products, services, and supply solutions which drive productivity and profitability for our customers.”

“That's what's driving the adjusted segment margin there.”

“As I mentioned, waiting until September, that was a strategic decision to make sure that we didn't impact our customers the way that some of our competitors may have by going earlier in the painting season.”

“Again, our decision to wait on the architectural side to make sure we preserved volume in our share, and made sure that we didn't put those pressures on our customers.”

“These are very different models, different customers, end markets, regions.”