Sherwin-Williams — Apr 29, 2025 release

At March 31, 2025, the Company had remaining authorization to purchase 33.4 million shares of its common stock through open market purchases. 3 2025 GUIDANCE Second Quarter Full Year 2025 2025 Net sales Up or down low-single digit % Up low-single digit % Effective tax rate Low twenty percent Diluted net income per share $10.70  - $11.10  Adjusted diluted net income per share (1) $11.65  - $12.05  (1)     Excludes $0.80 per share of acquisition-related amortization expense and $0.15 per share of severance and other restructuring expenses. “We continue to expect demand softness to persist in several end markets well into the second half of the year,” said Ms. Petz. “Regarding current tariffs, it’s important to remember that the largest portion of our revenue is in the United States, and the majority of our raw materials are sourced in the regions where we manufacture. In a macro-economic environment that remains turbulent, we are focused on being a source of stability and reliability for our customers, providing them with differentiated solutions that increase their productivity and profitability. Our deep and experienced management team has navigated through several different operating cycles, and I have great confidence in our ability to assess, adapt and act decisively in order to outperform the market. We are aligned on aggressively pursuing growth opportunities, making targeted investments that deliver a clear return, controlling general and administrative spending