$322.03
$0.00 (0.00%)
End-of-day quote: 02/25/2024
NYSE:SHW

Sherwin Williams Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution and sale of paint, coatings and related products to professional, industrial, commercial and retail customers primarily in North and South America with additional operations in the Caribbean region, Europe, Asia and Australia.

Segments

The company operates through three reportable operating segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group.

The Americas Group

The Americas Group consists of company-operated specialty paint stores in the United States, Canada, Latin America and the Caribbean region. Each store in this segment is engaged in servicing the needs of architectural and industrial paint contractors and do-it-yourself homeowners. These stores market and sell Sherwin-Williams and other controlled brand architectural paint and coatings, protective and marine products, OEM product finishes and related products. The majority of these products are produced by manufacturing facilities in the Consumer Brands Group. In addition, each store sells select purchased associated products. In addition to the company’s stores in the Latin America region, The Americas Group meets regional customer demands through developing, licensing, manufacturing, distributing and selling a variety of architectural paints, coatings and related products in North and South America.

Consumer Brands Group

The Consumer Brands Group manufactures and supplies a broad portfolio of branded and private-label architectural paint, stains, varnishes, industrial products, wood finishes products, wood preservatives, applicators, corrosion inhibitors, aerosols, caulks and adhesives to retailers and distributors throughout North America, as well as in China and Europe. The Consumer Brands Group also supports the company’s other businesses around the world with new product research and development, manufacturing, distribution and logistics. Approximately 67% of the total sales of the Consumer Brands Group in 2022 were intersegment transfers of products primarily sold through The Americas Group. Sales and marketing of certain controlled brand and private-label products is performed by a direct sales staff. The products distributed through third-party customers are intended for resale to the ultimate end-user of the product. The Consumer Brands Group had sales to certain customers that, individually, may be a significant portion of the sales and related profitability of the segment.

Performance Coatings Group

The Performance Coatings Group develops and sells industrial coatings for wood finishing and general industrial (metal and plastic) applications, automotive refinish, protective and marine coatings, coil coatings, packaging coatings and performance-based resins and colorants worldwide. This segment licenses certain technology and trade names worldwide. Sherwin-Williams and other controlled brand products are distributed through The Americas Group and this segment’s company-operated branches and by a direct sales staff and outside sales representatives to retailers, dealers, jobbers, licensees and other third-party distributors. The Performance Coatings Group had sales to certain customers that, individually, may be a significant portion of the sale of the segment.

Seasonality

The majority of the sales for the company’s segments traditionally occur during the second and third quarters (year ended December 2022).

Trademarks and Trade Names

The major trademarks and trade names used by each of the company’s segments are set forth below:

The Americas Group: Sherwin-Williams, A-100, Builders Solution, Captivate, Cashmere, Colorgin, Condor, Duration, Emerald, Kem Tone, Latitude, Loxon, Metalatex, Novacor, Painters Edge Plus, ProClassic, ProCraft, Pro Industrial, ProMar, SuperDeck, SuperPaint, and Woodscapes.

Consumer Brands Group: Cabot, Dupli-Color, Dutch Boy, Geocel, HGTV HOME by Sherwin-Williams, Huarun, Krylon, Minwax, Purdy, Ronseal, Thompson’s WaterSeal, Valspar, and White Lightning.

Performance Coatings Group: Sherwin-Williams, Acrolon, AcromaPro, ATX, DeBeer Refinish, Duraspar, EcoDex, Envirolastic, Excelo, EzDex, Fastline, Firetex, Fluropon, Heat-Flex, House of Kolor, Huarun, Inver, Kem Aqua, Lazzuril, Macropoxy, Martin Senour, Matrix Edge, M.L. Campbell, Octoral, PermaClad, Polane, Powdura, Sayerlack, Sher-Wood, Sumare, Ultra 9K, Ultra 7000, ValPure, and Valspar.

Research and Development

The company’s research and development costs included in technical expenditures were $119.3 million for 2022.

History

The Sherwin-Williams Company was founded in 1866. The company was incorporated in Ohio in 1884.

Country
Industry:
Paints, Varnishes, Lacquers, Enamels, and Allied Products
Founded:
1866
IPO Date:
01/02/1968
ISIN Number:
I_US8243481061

Contact Details

Address:
101 West Prospect Avenue, Cleveland, Ohio, 44115-1075, United States
Phone Number
216 566 2000

Key Executives

CEO:
Petz, Heidi
CFO
Mistysyn, Allen
COO:
Data Unavailable