Sherwin-williams Company (the) · NYSE:SHW

Sherwin-williams Company (the) — The Sherwin-Williams Company — Q3 2023 Earnings Presentation

11 slides from Sherwin-williams Company (the)'s earnings presentation, Oct 24, 2023

  1. Slide 1: 3Q 2023 Results

    3Q 2023 Results October 24, 2023

  2. Slide 2: Forward-Looking Statements

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

  3. Slide 3: 3Q 2023 Financial Performance Highlights

    3Q 2023 Financial Performance Highlights ($ in millions, 3Q 2023 3Q 2022 % Change  Sales increased 1.1% driven by effective pricing and a except per share data) LSD contribution from acquisitions, partially offset by a LSD decline in volumes Sales $6,116.7 $6,047.4 1.1% – Sales in all three segment

  4. Slide 4: Paint Stores Group (PSG)

    Paint Stores Group (PSG)  Sales increased 3.6% against a 21.5% comparison, driven by effective pricing – Sales growth led by Protective & Marine – strength in flooring, infrastructure and oil & gas applications – Pro architectural sales led by Commercial, followed by Residential Repaint and Propert

  5. Slide 5: Consumer Brands Group (CBG)

    Consumer Brands Group (CBG)  Sales decreased 4.0% – MSD volume declines and the negative impact from the China architectural divestiture partially offset by effective pricing – North America down MSD – DIY softness partially offset by growth in Pros Who Paint category – LDD growth in Europe; HSD gr

  6. Slide 6: Performance Coatings Group (PCG)

    Performance Coatings Group (PCG)  Sales down slightly (-1.0%) – HSD volume declines partially offset by LSD pricing and a LSD contribution from acquisitions  Mid-teens growth in Europe, LSD growth in Latin America, MSD decline in North America and DD decline in Asia Pacific  Sales growth led by I

  7. Slide 7: Guidance

    Guidance Fourth Quarter 2023 Full Year 2023 Sales Sales  Up or down low-single-digit percentage  Up low-single-digit percentage  Segments  Foreign Exchange: < -1.0%  PSG: up low-single-digit percentage  Segments  PSG: up mid to high-single-digit percentage  CBG: down mid-teens percentage – E

  8. Slide 8: Strong Financial Position

    Strong Financial Position Operating Cash Flow ($ in millions) Near Term Debt Maturities (1) ($ in millions) $1,308.7 $1,619 $1,100 $1,050 $639.2 $350 3Q 2023 3Q 2022 2023 2024 2025 2026 2027 Cash & Liquidity Position ($ in millions) Selected Financial Ratios 9/30/2023 9/30/2023 Cash $503.4 Total Deb

  9. Slide 9: Appendix

    SHERWIN-WILLIAMS, | Appendix

  10. Slide 10: Debt Summary (as of September 30, 2023)

    Debt Summary (as of September 30, 2023) Q3 2023 $ in millions Balance Int. Rate Short-Term: Maturities of Long-Term Debt Domestic $ 338.5 5.48% Non-Domestic: 0.1 6.15% $1,619 Total Short-Term Borrowings $ 338.6 5.48% USD EUR Long-Term: $1,250 7-year, 3.125% notes due (1) 2024 500.0 1.39% 2-year, 4.0

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

    Adjustments to Segment Profit Regulation G Reconciliation: Adjusted EPS and EBITDA Three Months Ended September 30, 2023 Three Months Ended Three Months Ended Performance September 30, 2023 September 30, 2022 Tax Tax Paint Stores Consumer Coatings Pre-Tax Effect (2) After-Tax Pre-Tax Effect (2) Afte

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