Sherwin-Williams — Oct 22, 2024 release

We are highly confident these current near-term investments in stores, sales and technical reps, expanded services and digital capabilities will help generate sustained and profitable above-market growth. We expect SG&A to moderate sequentially, resulting in a low to mid-single digit increase for the second half as anticipated. “In Paint Stores Group, growth was led by a high-single digit increase in protective & marine. Our prior investments in residential repaint continued to drive mid-single digit growth in a down market. New residential grew at a similar rate as anticipated. The Group also announced a 5% price increase effective January 6, 2025. Sales in our Consumer Brands Group declined driven by continued softness in the North American DIY market. In Performance Coatings Group, our Packaging business grew by a high-single digit percentage and continued to regain share. We also delivered growth in our Coil and Industrial Wood businesses.” 1 THIRD QUARTER CONSOLIDATED RESULTS Three Months Ended September 30, 2024 2023 $ Change % Change Net sales $ 6,162.5 $ 6,116.7 $ 45.8  0.7  % Income before income taxes $ 1,022.8 $ 1,009.0 $ 13.8  1.4  % As a % of net sales 16.6% 16.5% Net income per share - diluted $ 3.18 $ 2.95 $ 0.23  7.8  % Adjusted net income per share - diluted $ 3.37 $ 3.20 $ 0.17  5.3  % Consolidated Net sales increased primarily due to higher sales in the Paint Stores Group and the impact from the acquisition in 2023. These increases were partially off