Sherwin-Williams — Jan 30, 2025 release

We will work to control spending tightly, and we expect growth in SG&A to moderate to a low-single digit level. Costs associated with the transition into our new buildings in the year are expected to be $100 million, comprised of $80 million in SG&A and $20 million of interest. In addition, refinancing activity associated with managing our 2024 and 2025 debt maturities is expected to increase interest expense by approximately $40 million. Given these assumptions, we expect adjusted diluted net income per share will be in the range of $11.65 to $12.05 per share, which represents 4.6% growth from 2024 at the mid-point. Should the demand environment prove to be more robust than we are currently anticipating, we would expect to leverage higher volume to drive this initial earnings guidance upward.” CONFERENCE CALL INFORMATION The Company will host a conference call to discuss its financial results for the fourth quarter and full year 2024, and its outlook for the first quarter and full year 2025, at 10:00 a.m. EST on Thursday, January 30, 2025. Heidi G. Petz, Sherwin-Williams Chair, President and Chief Executive Officer, along with other senior executives, will participate on the call. The conference call will be webcast simultaneously in listen only mode. To listen to the webcast on the Sherwin-Williams website, click on https://investors.sherwin-williams.com/financials/quarterly-results/, then click on the webcast icon