Sector: Basic Materials | Industry: Commodity Chemicals |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 101 West Prospect Avenue CLEVELAND OH 44115-1075 |
Tel: | 1-216-5662000 |
Website: | https://www.sherwin-williams.com |
IR: | See website |
Key People | ||
John G. Morikis Executive Chairman of the Board | James R. Jaye Senior Vice President - Investor Relations and Corporate Communications | Heidi G. Petz President, Chief Executive Officer, Director |
Allen J. Mistysyn Chief Financial Officer, Senior Vice President - Finance | Justin T. Binns President - Global Architectural | Colin M. Davie President and General Manager - Global Supply Chain, Consumer Brands Group |
Karl J. Jorgenrud President - Global Industrial | Todd D. Rea President, Consumer Brands Group | Jane M. Cronin Senior Vice President - Enterprise Finance | Gregory P. Sofish Senior Vice President of Human Resources |
Business Overview |
The Sherwin-Williams Company is engaged 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. Its Paint Stores Group segment is engaged in servicing the needs of architectural and industrial paint contractors and do-it-yourself homeowners. The Consumer Brands Group segment 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. The Performance Coatings Group segment develops and sells industrial coatings for wood finishing and general industrial (metal and plastic) applications and others. |
Financial Overview |
For the three months ended 31 March 2024, Sherwin-Williams Co revenues decreased 1% to $5.37B. Net income increased 6% to $505.2M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income reflects Other expense (income) - net - Balancing increase from $3.9M (expense) to $13.5M (income), Provisions for environmental matters - n decrease of 72% to $3.6M (expense). |