Annual Meeting of Stockholders October 2, 2025 Forward-Looking Statements & Regulation G This presentation includes forward-looking statements relating to our business. These forward-looking statements, or other statements made by us, are made based on our expectations and beliefs concerning future events impacting us and are subject to uncertainties and factors (including those specified below), which are difficult to predict and, in many instances, are beyond our control. As a result, our actual results c ...

Financial Data and Key Metrics Changes - Consolidated sales increased by 7.4% to a record level, with both organic and M&A growth contributing [11] - Adjusted EBIT increased by 2.9% to a record, driven by volume growth and MAP 2025 initiatives, despite headwinds from higher raw material costs [11] - First quarter adjusted EPS reached a record $1.88, influenced by adjusted EBIT improvement, partially offset by increased interest expense due to higher debt levels from acquisition financing [11] Business Line Data and Key Metrics Changes - Construction Products Group sales reached a record, driven by systems and turnkey roofing solutions, although there was softness in Europe and disaster restoration business [12][14] - Performance Coatings Group achieved record sales with broad-based strength in turnkey flooring and protective coatings, supported by acquisitions [14] - Consumer Group sales increased to a record due to successful integration of The Pink Stuff and Ready Seal acquisitions, despite soft DIY demand [14] Market Data and Key Metrics Changes - Growth was led by Europe, benefiting from acquisitions and favorable effects, while North America grew by 5.9% [12] - Emerging markets showed mixed performance, with strength in Africa and the Middle East driven by infrastructure projects [12] Company Strategy and Development Direction - The company is focused on a pivot to growth, emphasizing strategic acquisitions, new product introductions, and efficiency initiatives [6][8] - Investments in sales associates and support staff are being made, contrasting with competitors who are cutting costs [9][10] - The company is expanding its presence in adjacent markets, particularly in cleaning products and consumer categories [30][102] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing economic uncertainty and challenges in the construction market, but expressed confidence in achieving record sales and EBIT in the upcoming quarter [19][20] - The company anticipates continued growth in sales and adjusted EBIT, driven by acquisitions and a focus on repair and maintenance [21] - Management highlighted the importance of maintaining growth investments despite rising healthcare costs and inflationary pressures [26][56] Other Important Information - The company returned $82 million to shareholders through dividends and share repurchases during the first quarter [16] - Inventory increases were strategic to mitigate future tariff impacts and ensure high service levels during plant consolidations [17] Q&A Session Summary Question: Outlook for the year and impact of investments - Management indicated that investments are delivering higher organic growth levels than the market, with deliberate spending on new hires and advertising contributing to growth [25][26] Question: Industry demand for the Consumer Group - Management believes the Consumer Group is outperforming the broader industry, with new product introductions helping to gain market share [29] Question: Details on increased marketing spend - The increase in marketing spend is primarily in advertising, focusing on social media and e-commerce, particularly in the cleaners category [34] Question: Impact of manufacturing inefficiencies - Management noted about $10 million of unfavorable conversion costs due to plant consolidations, which are expected to continue into the second quarter [37] Question: Organic growth drivers in Construction and Performance Coatings - Management highlighted strong backlogs in reroofing projects and aggressive sales force expansion as key drivers of growth in these segments [44][49] Question: Changes in full-year guidance - Management cited challenging gross profit margins and unexpected healthcare cost increases as reasons for adjusting guidance to the lower end of the range [55][56] Question: Pricing strategy in response to tariffs - Management acknowledged the difficulty in timing price increases due to fluctuating tariff impacts, with expectations for higher prices in the upcoming quarter [59][60] Question: Working capital management and inventory strategy - Management explained strategic inventory purchases to prepare for tariff impacts and ensure product availability during transitions [66] Question: Future growth expectations and market conditions - Management expressed optimism for improved market conditions in the coming year, anticipating better dynamics in the housing market [87]