Management remarks
Call period: 2026 Q2 · 2026-07-28
Guidance: Heidi G. Petz: We expect consolidated price mix for the year to increase to the mid single digit range, and we expect to maintain full year gross margin at last year's level at the midpoint of our guidance.Demand and orders: Heidi G. Petz: Data centers, semiconductor infrastructure, and manufacturing onshoring are among several drivers of this growth, where customers continue turning to Sherwin Williams for a suite of solutions that can be delivered quickly and consistently.Margins: James R. Jaye: Adjusted diluted net income per share increased [Inaudible] The Adjusted EBITDA grew by 10.5% to $1.5 billion and adjusted EBITDA margin expanded 60 basis points to 21.5% of sales.Analyst Q&A
Analyst Mike Harrison asked: Hi. Good morning. Within, the PCG segment, you said that your general industrial sales were up high single digits. Just was looking to see if you could break down how much of that was pricing versus volume what end markets are showing strengths, in industrial? Management Heidi G. Petz answered: Yeah. Mike, the volume was up mid single digits, and price mix up low single digits. We had some FX tailwind low single digits there. But like I mentioned in my prepared comments, the growth is really coming from general finishing and heavy equipment construction.管理层陈述
电话会期间：2026 Q2 · 2026-07-28
指引：海蒂·G·佩茨：我们预计本年度整体价格组合将升至中个位数区间，并预计将全年整体毛利率维持在去年水平，处于我们业绩指引的中点。需求与订单：海蒂·G·佩茨：数据中心、半导体基础设施以及制造业回流是此次增长的若干驱动因素之一，客户持续转向宣伟以寻求可快速、稳定交付的全套解决方案。利润率：詹姆斯·R·杰伊：调整后摊薄每股收益增长[音频无法听清]，调整后EBITDA增长10.5%至15亿美元，调整后EBITDA利润率扩大60个基点至销售额的21.5%。分析师问答
分析师迈克·哈里森提问：早上好，请问在PCG业务板块中，贵司通用工业销售额实现了近个位数高位增长，能否拆解一下其中价格和销量各自的贡献，以及哪些工业终端市场表现强劲？管理人海迪·G·佩茨回答：迈克你好，销量同比增长近个位数中位，产品组合价格拉动近个位数低位，此外还有近个位数低位的外汇顺风收益。正如我在准备好的发言中提到的，增长主要来自一般涂装和重型设备建筑领域。This earnings research was prepared from company results, regulatory filings, financial statements, and earnings-call transcripts or official replays. It is for informational purposes only and does not constitute investment advice.这篇财报研究基于公司业绩公告、监管文件、财务报表，以及财报电话会议记录或官方回放整理。内容仅供参考，不构成投资建议。
