Sherwin-williams Company (the) · NYSE:SHW

Sherwin-williams Company (the) — The Sherwin-Williams Company — Q2 2026 Earnings Presentation

13 slides from Sherwin-williams Company (the)'s earnings presentation, Jul 28, 2026

  1. Slide 1: Q2 2026 Results

    ‘4 SHERWIN-WILLIAMS. Q2 2026 Results July 28, 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: 2Q 2026 Financial Performance Overview

    2Q 2026 FINANCIAL PERFORMANCE OVERVIEW ($ in millions,  Consolidated and all three reportable segment sales 2Q 2026 2Q 2025 % Change except per share data) exceeded guidance Net Sales $6,789.3 $6,314.5 7.5%  Price/mix +MSD; acquisitions, FX and volume each +LSD Gross Profit $3,338.0 $3,118.3 7.0%

  4. Slide 4: Paint Stores Group (PSG)

    PAINT STORES GROUP (PSG)  Sales up 5.1%: positive price/mix (low end of +MSD) and volume (+LSD)  Protective & Marine +mid-teens; data centers, semiconductor, energy and water-wastewater infrastructure driving growth; 8th straight quarter of at least +HSD growth  Commercial +HSD; new business wins

  5. Slide 5: Consumer Brands Group (CBG)

    CONSUMER BRANDS GROUP (CBG)  Sales growth driven by strong performance from Suvinil, higher sales in North America and favorable FX  North America sales growth driven by new product offerings, favorable mix, and Pro-Who-Paints growth; DIY demand remains muted  EMEAI impacted by customer inventory

  6. Slide 6: Performance Coatings Group (PCG)

    PERFORMANCE COATINGS GROUP (PCG)  Sales up 6.3%: price/mix, volume and FX all were +LSD  Sales up in all divisions and geographies, including +high-teens in Asia, +MSD in North America, +LSD in EMEAI and Latin America  General Industrial +HSD driven by new business wins and strength in heavy mach

  7. Slide 7: Strong Financial Position

    STRONG FINANCIAL POSITION Operating Cash Flow ($ in millions) Near-Term Debt Maturities (1) ($ in millions) $1,347.5 $1,500 $1,112.6 $1,000 $900 $800 2Q 2025 2Q 2026 2026 2027 2028 2029 2030 Cash & Liquidity Position ($ in millions) Selected Financial Ratios 6/30/2026 6/30/2026 Cash $293.5 Total Deb

  8. Slide 8: Guidance

    GUIDANCE Third Quarter 2026 Updated Full Year 2026 Sales Sales  Up mid to high-single digit percentage  Up mid to high-single digit percentage  Inclusive of a low-single digit percentage from acquisitions  Inclusive of a low-single digit percentage from acquisitions  Segments  Segments  PSG:

  9. Slide 9: Updated 2026 Guidance

    UPDATED 2026 GUIDANCE ADDITIONAL DETAILS & KEY COMPONENTS 3Q 2026 Sales Guidance SHW Economic Assumptions Underlying Updated Full-Year Mid-Point Guidance Price / Acq. / Total  Not modeling any Fed rate cuts and our bias is towards a fall hike to combat Volume FX Mix Div. Sales recent surges in oil

  10. Slide 10: Appendix

    APPENDIX 2Q 2026 Results (July 28, 2026) 9

  11. Slide 11: Debt Summary

    DEBT SUMMARY AS OF JUNE 30, 2026 Maturities of Long-Term Debt 6/30/2026 $ in millions Balance Int. Rate $1,500 USD Short-Term: EUR Domestic: $ 1,960.9 4.10% $1,250 Non-Domestic: 285.5 3.08% Total Short-Term Borrowings $ 2,246.4 3.97% Long-Term: $1,000 $900 Revolving Credit Facility Borrowings 500.0

  12. Slide 12: Reconciliation of Non-GAAP Financial Measures

    RECONCILIATION OF NON-GAAP FINANCIAL MEASURES ADJUSTMENTS TO SEGMENT PROFIT Three Months Ended June 30, 2026 Three Months Ended June 30, 2025 Paint Consumer Performance Paint Consumer Performance Stores Brands Coatings Stores Brands Coatings ($ in millions) Group Group Group Admin Consolidated Group

  13. Slide 13: Reconciliation of Non-GAAP Financial Measures

    RECONCILIATION OF NON-GAAP FINANCIAL MEASURES ADJUSTED EPS, FREE CASH FLOW, FREE CASH FLOW CONVERSION, EBITDA & ADJUSTED EBITDA Three Months Ended Three Months Ended Three Months Ended June 30, 2026 June 30, 2025 ($ in millions) June 30, 2026 Tax Tax Pre-Tax Effect (1) After-Tax Pre-Tax Effect (1) A

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