Sherwin-Williams — Jul 28, 2026 release

SUMMARY • Consolidated Net sales increased 7.5% to $6.79 billion in the quarter ◦ Net sales from stores in the Paint Stores Group open more than twelve calendar months increased 4.2% in the quarter • Diluted net income per share increased 14.3% to $3.43 per share in the quarter compared to $3.00 per share in the second quarter of 2025 ◦ Adjusted diluted net income per share increased 9.5% to $3.70 per share in the quarter compared to $3.38 per share in the second quarter of 2025 • Net income increased 11.8% in the quarter to $843.6 million, or 12.4% of Net sales • Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) in the quarter increased 13.8% to $1.43 billion, or 21.1% of Net sales • Increasing full year 2026 diluted net income per share guidance in the range of $10.92 to $11.32 per share, including Valspar acquisition-related amortization expense of $0.81 per share and severance and other restructuring expenses of $0.07 per share ◦ Increasing full year 2026 adjusted diluted net income per share guidance in the range of $11.80 to $12.20 per share CEO REMARKS “Sherwin-Williams delivered strong second quarter results and continued to outperform the market despite ongoing global uncertainty and no meaningful improvement in demand,” said Chair, President and Chief Executive Officer, Heidi G. Petz. “Sales improvement was driven by continued growth investments, new account wins and increased share of wallet, and exceeded guidance on a consolidated basis and across all three reportable segments. We also implemented pricing actions to offset raw material inflation that pressured our gross margin in the quarter. Adjusted EBITDA and diluted earnings per share rose approximately 10% year over year, and adjusted EBITDA margin grew 60 basis points to 21.5%. Net operating cash improved by 21% in the quarter, and free cash flow conversion in the quarter was 86%. We returned $1.46 billion to shareholders through dividends and share repurchases. Our team remains focused on executing our customer-centered strategy while controlling what we can control amidst a challenging macro-economic backdrop.” 1 SECOND QUARTER CONSOLIDATED RESULTS (in millions, except per share data) Three Months Ended June 30, 2026 2025 $ Change % Change Net sales $ 6,