Sherwin-williams Company (the) · NYSE:SHW

Sherwin-williams Company (the) — The Sherwin-Williams Company — Q3 2024 Earnings Presentation

13 slides from Sherwin-williams Company (the)'s earnings presentation, Oct 22, 2024

  1. Slide 1: Q3 2024 Results

    Q3 2024 Results October 22, 2024 3Q 2024 Results (October 22, 2024) 0

  2. Slide 2: Forward-Looking Statements

    Forward-Looking Statements This presentation contains "forward-looking statements," as defined under U.S. federal securities laws, with respect to sales, earnings and other matters. Forward-looking statements can be identified by the use of forward-looking words such as "believe," "expect," "estimat

  3. Slide 3: 3Q 2024 Financial Performance Overview

    3Q 2024 Financial Performance Overview ($ in millions,  Consolidated sales growth driven by Paint Stores Group 3Q 2024 3Q 2023 % Change except per share data) and a modest contribution from an acquisition, partially offset by lower sales in other segments and Sales $6,162.5 $6,116.7 0.7% unfavorabl

  4. Slide 4: Paint Stores Group (PSG)

    Paint Stores Group (PSG)  Sales up 3.2%: +LSD contributions from volume and price – Protective & marine up HSD against a LDD challenging comparison; solid pipeline of projects – 5th consecutive quarter of MSD growth in res repaint – prior investments driving above market performance – New residenti

  5. Slide 5: Consumer Brands Group (CBG)

    Consumer Brands Group (CBG)  Sales down 7.5% inclusive of a -MSD impact from unfavorable FX – Continued softness in North American DIY – inflation and higher levels of consumer debt – LSD sales decline in Latin America: +HSD price increases and +MSD volume growth more than offset by unfavorable FX

  6. Slide 6: Performance Coatings Group (PCG)

    Performance Coatings Group (PCG)  Sales effectively flat: +LSD volume growth and an acquisition offset by unfavorable FX  HSD growth in Asia, LSD growth in Latin America and Europe and LSD decline in North America  Sales growth led by Packaging – continues to regain temporarily lost share  Coil

  7. Slide 7: Strong Financial Position

    Strong Financial Position Operating Cash Flow ($ in millions) Near-Term Debt Maturities (1) ($ in millions) $1,308.7 $1,074.7 $1,500 $1,050 $350 $400 3Q 2024 3Q 2023 2024 2025 2026 2027 2028 Cash & Liquidity Position ($ in millions) Selected Financial Ratios 9/30/2024 9/30/2024 Cash $238.2 Total Deb

  8. Slide 8: Guidance

    Guidance Fourth Quarter 2024 Updated Full Year 2024 Sales Sales  Flat to up low-single digit percentage  Flat to up low-single digit percentage  Segments  Foreign Exchange: < -1.0%  PSG: up low to mid-single digit percentage  Segments  PSG: up low-single digit percentage  CBG: down mid to hi

  9. Slide 9: Appendix

    Appendix 3Q 2024 Results (October 22, 2024) 8

  10. Slide 10: Debt Summary (as of September 30, 2024)

    Debt Summary (as of September 30, 2024) 9/30/2024 $ in millions Balance Int. Rate Short-Term: Maturities of Long-Term Debt Domestic $ 904.0 5.18% Non-Domestic 11.5 3.35% USD $1,500 Total Short-Term Borrowings $ 915.5 5.16% EUR Long-Term: $1,250 10-year, 3.30% notes due 2025 250.0 3.30% $1,050 10-yea

  11. Slide 11: Regulation G Reconciliation: Adjustments to Segment Profit

    Regulation G Reconciliation: Adjustments to Segment Profit Three Months Ended September 30, 2024 Three Months Ended September 30, 2023 Paint Consumer Performance Paint Consumer Performance Stores Brands Coatings Stores Brands Coatings ($ in millions) Group Group Group Admin Consolidated Group Group

  12. Slide 12: Regulation G Reconciliation: Adjusted EPS

    Regulation G Reconciliation: Adjusted EPS Three Months Ended Three Months Ended September 30, 2024 September 30, 2023 Tax Tax Pre-Tax Effect (1) After-Tax Pre-Tax Effect (1) After-Tax Diluted net income per share $ 3.18 $ 2.95 Discrete income tax expense related to China divestiture $ - $ - - $ - $

  13. Slide 13: Regulation G Reconciliation: Adjusted EBITDA

    Regulation G Reconciliation: Adjusted EBITDA Three Months Ended Three Months Ended Three Months Ended Three Months Ended Three Months Ended ($ in millions) September 30, 2024 June 30, 2024 March 31, 2024 December 31 2023 September 30, 2023 Net income $ 806.2 $ 889.9 $ 505.2 $ 356.2 $ 761.5 Interest

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