The Sherwin-Williams Company (Sherwin-Williams) 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 segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.
Paint Stores Group
Paint Stores Group...
The Sherwin-Williams Company (Sherwin-Williams) 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 segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.
Paint Stores Group
Paint Stores Group consists of various company-operated specialty paint stores in the United States, Canada and the Caribbean region. Each store 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.
Consumer Brands Group
The Consumer Brands Group manufactures and distributes 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, including home centers and hardware stores, dedicated dealers and distributors throughout North America, Latin America and Europe. Sales and marketing of certain controlled brand and private-label products are 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 also consist of various company-operated specialty paint stores in Latin America. Each store is engaging in servicing the needs of home, commercial and industrial projects to contractors and do-it-yourself customers in Latin America. 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, which are branded for the Latin America market. In addition, each store sells select purchased associated products. 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 63% of the total sales of the Consumer Brands Group in 2024 were intersegment transfers of products primarily sold through the Paint Stores Group. The Consumer Brands Group has 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 Paint Stores Group, this segment’s company-operated branches, a direct sales staff and outside sales representatives to retailers, dealers, jobbers, licensees and other third-party distributors. The Performance Coatings Group has sales to certain customers that, individually, may be a significant portion of the sales of the segment.
Seasonality
The majority of the sales for the Reportable Segments traditionally occur during the second and third quarters (year ended December 31, 2024).
Trademarks and Trade Names
Customer recognition of trademarks and trade names owned or licensed by the company collectively contribute significantly to the company’s sales. The major trademarks and trade names used by each of the Reportable Segments are set forth below.
Paint Stores Group: Sherwin-Williams, A-100, Builders Solution, Captivate, Cashmere, Duration, Emerald, Gallery Series, Kem Tone, Latitude, Loxon, Metalatex, Novacor, Painters Edge Plus, ProClassic, ProCraft, Pro Industrial, ProMar, Scuff Tuff, SuperDeck, SuperPaint, and Woodscapes.
Consumer Brands Group: Cabot, Colorgin, Condor, Dupli-Color, Dutch Boy, Geocel, HGTV HOME by Sherwin-Williams, 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, Gross & Perthun, Heat-Flex, House of Kolor, Huarun, ICA, Inver, Kem Aqua, Klumpp Coatings, Lazzuril, Macropoxy, MartinSenour, Matrix Edge, M.L. Campbell, Octoral, Oskar Nolte, PermaClad, Polane, Powdura, Sayerlack, Sher-Wood, Sumare, Ultra 9K, Ultra 7000, ValPure, and Valspar.
Research and development
The company’s research and development costs were $217.3 million, for 2024.
History
The Sherwin-Williams Company was founded in 1866. The company was incorporated in Ohio in 1884.