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Sherwin-Williams Co (N:SHW)

Business Focus: Paint & Coating

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).