Sherwin-Williams — Jul 22, 2025 release

At June 30, 2025, the Company had remaining authorization to purchase 32.0 million shares of its common stock through open market purchases. 3 2025 GUIDANCE Third Quarter Full Year 2025 2025 Net sales Up or down low-single digit % Up or down low-single digit % Effective tax rate Low twenty percent Diluted net income per share $10.11  - $10.41  Adjusted diluted net income per share (1) $11.20  - $11.50  (1)     Excludes $0.77 per share of acquisition-related amortization expense and $0.32 per share of severance and other restructuring expenses. “Demand was softer than anticipated through June, and we do not see catalysts to change that trajectory at this time, causing us to adjust our full year guidance downward,” said Ms. Petz. “We continue to respond to this softer for longer environment aggressively, including doubling our previously announced restructuring initiatives. We are pulling the levers available to us, though not at the cost of abandoning our strategy or hindering future growth prospects when markets recover. We are increasingly confident we are at a competitive inflection point in our industry. Our track record of success reflects our disciplined approach, and we continue to make investments which we are confident will deepen existing customer relationships, capture incremental share and reward our shareholders over the long term. “We expect third quarter 2025 consolidated net sales to be up or down a low-single digit percentage compared to the third quarter of