McDonald's approaches 50 years of dividend growth, while Sherwin-Williams lifts guidance and Air Products manages a significant clean-energy project write-down.
MCD reported Q2 adjusted EPS of $3.38 beating the $3.32 estimate and maintains 49 consecutive dividend increases, but U.S. comps turned slightly negative in July and shares hit two-year lows.
SHW raised full-year adjusted EPS guidance to $11.80-$12.20 after Q2 adjusted EPS of $3.70 beat estimates, though management flagged continued demand softness in H2 2026.
APD beat adjusted EPS estimates and raised FY26 guidance, but GAAP results included a $2.9 billion clean-energy exit charge and cash reserves fell 58% year over year.
McDonald's is one annual increase away from achieving Dividend King status after 49 consecutive years of hikes, despite recent U.S. traffic headwinds. Meanwhile, Sherwin-Williams raised its full-year EPS guidance amid strong equity returns, and Air Products beat earnings estimates while navigating a $2.9 billion charge related to its clean-energy exit.
A Dividend King is a U.S. company that has achieved at least 50 consecutive years of annual dividend increases.
The company's cash reserves fell 58% year over year primarily due to a $2.9 billion pre-tax charge related to the exit from the Louisiana Clean Energy Complex.