Sherwin-Williams — Jan 30, 2025 release

We will support our profitable above-market growth plans and further separate ourselves from our competitors by executing initiatives within our enterprise priorities, including talent, simplification, digitization, supply chain responsiveness and sustainability. “Based on customer sentiment and the macro-economic indicators we see at this time, we expect first quarter 2025 consolidated Net sales will be up or down a low-single digit percentage compared to the first quarter of 2024 with the Paint Stores Group at or above the high end of that range. For the full year 2025, we expect consolidated Net sales to be up a low-single digit percentage with the Paint Stores Group at or above the high end of that range. We expect to see full-year gross margin expansion driven by price-cost discipline and efficiency gains. 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 confe