Sherwin-Williams — Jan 29, 2026 release

SUMMARY • Consolidated Net sales increased 2.1% in the year to $23.57 billion ◦ Net sales from stores in the Paint Stores Group open more than twelve calendar months increased 1.7% in the year • Diluted net income per share decreased 2.7% to $10.26 per share in the year compared to $10.55 per share in the full year 2024 ◦ Adjusted diluted net income per share increased 0.9% to $11.43 per share in the year compared to $11.33 per share in the full year 2024 • Diluted net income per share increased 1.1% to $1.92 per share in the fourth quarter of 2025 ◦ Adjusted diluted net income per share increased 6.7% to $2.23 per share in the fourth quarter of 2025 • Generated Net operating cash of $3.45 billion, or 14.6% of Net sales in the year • Full year 2026 diluted net income per share guidance in the range of $10.70 to $11.10 per share, including acquisition-related amortization expense of $0.80 per share ◦ Full year 2026 adjusted diluted net income per share guidance in the range of $11.50 to $11.90 per share CEO REMARKS “Sherwin-Williams delivered strong fourth quarter results driven by solid core performance amid continued demand choppiness, and inclusive of the first full quarter of the Suvinil acquisition ,” said Chair, President and Chief Executive Officer, Heidi G. Petz. “Consolidated Net sales were at the high end of our guidance, adjusted EBITDA improved by a low-teens percentage and adjusted diluted net income per share increased by a mid-single digit percentage. We continued to execute our strategy, prioritize strategic growth investments, and tightly manage general and administrative expenses. SG&A growth remained in our targeted low-single digit range, including the addition of Suvinil, as previously announced restructuring efforts continued to yield savings. Free cash flow conversion in the quarter was 90.1%. “For the full year, our ‘Success by Design’ approach resulted in record consolidated Net sales and record adjusted diluted net income per share. Gross profit, gross margin, adjusted EBITDA and