Sherwin-williams Company (the) · NYSE:SHW

Sherwin-williams Company (the) — The Sherwin-Williams Company — Q4 2024 Earnings Presentation

15 slides from Sherwin-williams Company (the)'s earnings presentation, Jan 30, 2025

  1. Slide 1: Q4 and Full Year 2024 Results

    Q4 and Full Year 2024 Results January 30, 2025

  2. Slide 2: Forward-Looking Statements

    FORWARD-LOOKING STATEMENTS 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, estimates, assumptions and beliefs conce

  3. Slide 3: 2024 Full Year Financial Performance Overview

    2024 FULL YEAR FINANCIAL PERFORMANCE OVERVIEW ($ in millions, 2024 2023 % Change  Consolidated sales grew driven by +LSD growth in volume except per share data) and price, partially offset by unfavorable FX Sales $23,098.5 $23,051.9 0.2%  Gross margin expanded 180 basis points to 48.5% Gross Profi

  4. Slide 4: 4Q 2024 Financial Performance Overview

    4Q 2024 FINANCIAL PERFORMANCE OVERVIEW ($ in millions,  Consolidated sales growth driven by Paint Stores 4Q 2024 4Q 2023 % Change except per share data) Group, partially offset by lower sales in other segments and unfavorable FX Sales $5,297.2 $5,252.2 0.9%  Year-over-year SG&A growth moderated to

  5. Slide 5: Paint Stores Group (PSG)

    PAINT STORES GROUP (PSG)  Sales up 3.4%: +LSD contributions from volume and price – Residential repaint +HSD – prior investments continue to drive above market performance – Protective & marine +HSD against a +HSD challenging comparison; solid pipeline of projects – New residential +LSD driven by c

  6. Slide 6: Consumer Brands Group (CBG)

    CONSUMER BRANDS GROUP (CBG)  Sales down 4.3% primarily due to -MSD impact from unfavorable FX, partially offset by modest volume growth and price increases – North America sales flat – modest volume increase – Mid-teens sales decline in Latin America driven by high-teens unfavorable FX – Europe sal

  7. Slide 7: Performance Coatings Group (PCG)

    PERFORMANCE COATINGS GROUP (PCG)  Sales decreased -LSD: -LSD impacts from unfavorable FX and price/mix partially offset by +LSD volume growth  Sales -LSD in all regions  Sales growth led by Packaging and Coil – continued share gains  Industrial Wood sales flat: residential end markets remain und

  8. Slide 8: Strong Financial Position

    STRONG FINANCIAL POSITION Operating Cash Flow ($ in millions) Near-Term Debt Maturities (1) ($ in millions) $1,500 $934.5 $918.6 $1,050 $800 $350 $400 4Q 2024 4Q 2023 2025 2026 2027 2028 2029 Cash & Liquidity Position ($ in millions) Selected Financial Ratios 12/31/2024 12/31/2024 Cash $210.4 Total

  9. Slide 9: Guidance

    GUIDANCE First Quarter 2025 Full Year 2025 Sales Sales  Up low-single digit percentage  Up or down low-single digit percentage  Foreign exchange: approximately -1.0%  Segments  Segments  PSG: up low to mid-single digit percentage  PSG: up low to mid-single digit percentage  CBG: down low to

  10. Slide 10: 2025 Guidance: Additional Details & Key Components

    2025 GUIDANCE ADDITIONAL DETAILS & KEY COMPONENTS 2025 Sales Guidance Current Economic Backdrop Acq. / Total  Mortgage rates remain elevated near 7%; greater than 60% of outstanding Volume Price FX Div. Sales mortgages are less than 4% +LSD to Paint Stores Group +LSD +LSD NM NA +MSD  Single family

  11. Slide 11: Appendix

    APPENDIX 4Q 2024 Results (January 30, 2025) 10

  12. Slide 12: Debt Summary

    DEBT SUMMARY AS OF DECEMBER 31, 2024 Maturities of Long-Term Debt 12/31/2024 $ in millions Balance Int. Rate USD $1,500 Short-Term: Domestic $ 655.6 4.70% EUR Non-Domestic 6.8 3.06% $1,250 Total Short-Term Borrowings $ 662.4 4.68% Long-Term: $1,050 10-year, 3.30% notes due 2025 250.0 3.30% 10-year,

  13. Slide 13: Regulation G Reconciliation: Adjustments to Segment Profit

    REGULATION G RECONCILIATION ADJUSTMENTS TO SEGMENT PROFIT Three Months Ended December 31, 2024 Three Months Ended December 31, 2023 Year Ended December 31, 2024 Year Ended December 31, 2023 Paint Consumer Performance Paint Consumer Performance Paint Consumer Performance Paint Consumer Performance St

  14. Slide 14: Regulation G Reconciliation: Adjusted EPS

    REGULATION G RECONCILIATION ADJUSTED EPS Three Months Ended Three Months Ended Year Ended Year Ended December 31, 2024 December 31, 2023 December 31, 2024 December 31, 2023 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

  15. Slide 15: Regulation G Reconciliation: Adjusted EBITDA

    REGULATION G RECONCILIATION ADJUSTED EBITDA Three Months Ended Three Months Ended Year Ended Year Ended ($ in millions) December 31, 2024 December 31 2023 December 31, 2024 December 31, 2023 Net income $ 480.1 $ 356.2 $ 2,681.4 $ 2,388.8 Interest expense 98.5 94.6 415.7 417.5 Income taxes 135.5 117.

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