Sherwin-williams Company (the) · NYSE:SHW

Sherwin-williams Company (the) — The Sherwin-Williams Company — Q4 2025 Earnings Presentation

16 slides from Sherwin-williams Company (the)'s earnings presentation, Jan 29, 2026

  1. Slide 1: Q4 and Full Year 2025 Results

    Q4 and Full Year 2025 Results January 29, 2026

  2. Slide 2: Cautionary Statement Regarding Forward Looking Information

    CAUTIONARY STATEMENT REGARDING FORWARD LOOKING INFORMATION Certain statements contained in this presentation constitute “forward-looking statements” within the meaning of federal securities laws. These forward-looking statements are based upon management’s current expectations, predictions, estimate

  3. Slide 3: 2025 Full Year Financial Performance Overview

    2025 FULL YEAR FINANCIAL PERFORMANCE OVERVIEW ($ in millions, 2025 2024 % Change  Consolidated sales increased, driven by +LSD growth except per share data) in price/mix and +LSD growth from acquisitions, Sales $23,574.3 $23,098.5 2.1% partially offset by -LSD decline in volume Gross Profit $11,515

  4. Slide 4: 4Q 2025 Financial Performance Overview

    4Q 2025 FINANCIAL PERFORMANCE OVERVIEW ($ in millions, 4Q 2025 4Q 2024 % Change  Consolidated sales increased at the high-end of except per share data) guided range Sales $5,595.9 $5,297.2 5.6%  Price/mix, favorable FX and acquisitions all Gross Profit $2,712.6 $2,573.2 5.4% increased +LSD, partly

  5. Slide 5: Paint Stores Group (PSG)

    PAINT STORES GROUP (PSG)  Sales up 2.7%: positive price/mix (high end of +LSD) offset by lower volumes (-LSD) – Protective and marine +HSD; continued strength in energy, water infrastructure and high- performance flooring – Residential repaint at high end of +LSD vs. strong +HSD comparison; soft ex

  6. Slide 6: Consumer Brands Group (CBG)

    CONSUMER BRANDS GROUP (CBG)  Sales exceeded guidance driven by Suvinil acquisition outperformance (+mid-twenties) and positive FX, partially offset by soft DIY demand in North America and slightly lower price/mix  North America sales -LSD; DIY consumer remains under pressure  Europe sales +LSD dr

  7. Slide 7: Performance Coatings Group (PCG)

    PERFORMANCE COATINGS GROUP (PCG)  Sales up 3.3%: +LSD contributions from both FX and acquisitions, volume and price/mix both flat  Sales +mid-teens in Europe (driven by favorable FX) and +LSD in North America; -LSD in Asia and Latin America  +HSD growth in Packaging vs. +DD comparison led by cont

  8. Slide 8: Strong Financial Position

    STRONG FINANCIAL POSITION Operating Cash Flow ($ in millions) Near-Term Debt Maturities (1) ($ in millions) $1,500 $1,092.5 $1,000 $934.5 $900 $800 (2) $350 4Q 2024 4Q 2025 2026 2027 2028 2029 2030 Cash & Liquidity Position ($ in millions) Selected Financial Ratios 12/31/2025 12/31/2025 Cash $207.2

  9. Slide 9: Guidance

    GUIDANCE First Quarter 2026 Full Year 2026 Sales Sales  Up mid-single digit percentage  Up low to mid-single digit percentage  Acquisitions add low-single digit percentage  Acquisitions add low-single digit percentage  Segments  Segments  PSG: up low-single digit percentage  PSG: up low-sing

  10. Slide 10: 2026 Guidance

    2026 GUIDANCE ADDITIONAL DETAILS & KEY COMPONENTS 1Q 2026 Full-Year Sales Guidance SHW Economic Assumptions Underlying Full-Year Mid-Point Guidance Price / Acq. / Total  Mortgage rates remain in the low 6% range; the 10-year treasury yield to remain Volume FX Mix Div. Sales +/- 4.25% despite contin

  11. Slide 11: Success by Design

    SUCCESS BY DESIGN 4Q 2025 Results (January 29, 2026) 10

  12. Slide 12: Appendix

    APPENDIX 4Q 2025 Results (January 29, 2026) 11

  13. Slide 13: Debt Summary

    DEBT SUMMARY AS OF DECEMBER 31, 2025 Maturities of Long-Term Debt 12/31/2025 $ in millions Balance Int. Rate $1,500 USD Short-Term: Domestic $ 906.4 4.37% EUR Non-Domestic: 294.1 2.76% $1,250 Total Short-Term Borrowings $ 1,200.5 3.98% Long-Term: $1,000 10-year, 3.95% notes due (3) 2026 350.0 3.95%

  14. Slide 14: Regulation G Reconciliation: Adjustments to Segment Profit

    REGULATION G RECONCILIATION ADJUSTMENTS TO SEGMENT PROFIT Three Months Ended December 31, 2025 Three Months Ended December 31, 2024 Paint Consumer Performance Paint Consumer Performance Stores Brands Coatings Stores Brands Coatings ($ in millions) Group Group Group Admin Consolidated Group Group Gro

  15. Slide 15: Regulation G Reconciliation: Adjusted EPS

    REGULATION G RECONCILIATION ADJUSTED EPS Three Months Ended Three Months Ended Year Ended Year Ended December 31, 2025 December 31, 2024 December 31, 2025 December 31, 2024 Tax Tax Tax Tax Pre-Tax Effect (1) After-Tax Pre-Tax Effect (1) After-Tax Pre-Tax Effect (1) After-Tax Pre-Tax Effect (1) After

  16. Slide 16: Regulation G Reconciliation: Adjusted EBITDA

    REGULATION G RECONCILIATION ADJUSTED EBITDA Three Months Ended Three Months Ended Year Ended Year Ended ($ in millions) December 31, 2025 December 31, 2024 December 31, 2025 December 31, 2024 Net income $ 476.8 $ 480.1 $ 2,568.5 $ 2,681.4 Interest expense 131.6 98.5 465.0 415.7 Income taxes 162.2 13

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