Sherwin-Williams — Oct 28, 2025 release

At September 30, 2025, the Company had remaining authorization to purchase 30.0 million shares of its common stock through open market purchases. 3 2025 GUIDANCE Fourth Quarter Full Year 2025 2025 Net sales Up low to mid-single digit % Up low-single digit % Effective tax rate Low twenty percent Diluted net income per share $10.16  - $10.36  Adjusted diluted net income per share (1) $11.25  - $11.45  (1)     Excludes $0.77 per share of acquisition-related amortization expense and $0.32 per share of severance and other restructuring expenses. “Our strategy continues to resonate with professional painting contractors and manufacturers who are increasingly looking for partners that can provide them with predictability and reliability,” said Ms. Petz. “We’re focused on providing customers with differentiated solutions that make them more productive and profitable. This is even more valuable at a time when competitive offerings are highly inconsistent. We have a deep and experienced team, we know what works and we’re investing in it, and we continue to assess, adapt and control what we can control. We remain confident our approach is the right one to continue winning near-term, and it leaves us well positioned for when the demand cycle eventually turns. “We are narrowing our full year 2025 guidance. We now expect 2025 consolidated net sales to be up a low-single digit percentage compared to full year 2024, and diluted net income per share in the range of $10.16 to $10.36 per s