Sherwin-Williams — Jan 29, 2026 release

At December 31, 2025, the Company had remaining authorization to purchase 29.6 million shares of its common stock through open market purchases. 2026 GUIDANCE First Quarter Full Year 2026 2026 Net sales Up mid-single digit % Up low to mid-single digit % Effective tax rate Low twenty percent Diluted net income per share $10.70  - $11.10  Adjusted diluted net income per share (1) $11.50  - $11.90  (1)     Excludes $0.80 per share of Valspar acquisition-related amortization expense. “We enter 2026 with a continuation of the softer-for-longer demand environment we have previously described,” said Ms. Petz. “We expect these conditions to persist well into the second half of the year based on current customer sentiment and the macroeconomic indicators we track. At the same time, we also expect to continue to outperform the market given our differentiated strategy of providing innovative and productivity-improving solutions for our customers. We will continue to aggressively pursue profitable growth opportunities in every business, leveraging our world-class talent and unique assets, while executing on our enterprise strategic priorities. Our strong cash generation will enable us to invest in our business, return cash to our shareholders and make strategic acquisitions that accelerate our long-term growth. “Today’s initial guidance reflects a realistic assessment of the demand environment, with our economic assumptions outlined in our accompanying slide deck. For the first