4Q and Full Year 2022 Results – Sherwin Williams

2022 Full Year Financial Performance Highlights: Sales increased 11.1% to a record $22.1 billion, driven by
strength in professional architectural and North American
industrial end markets. Low double-digit pricing, low-single-digit volume and low-single-digit
contributions from acquisitions partially offset by slight FX headwinds.

4Q 2022 Financial Performance Highlights: Sales increased 9.8% to $5.2 billion – low double-digit pricing,
flat volume. 320 basis point year-over-year improvement in gross margin,
driven by sales growth and pricing actions.