• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Research
    • Markets & Technologies
    • Raw Materials
    • Top Companies
    • Directories
    • Jobs
    • Events
    • Microsites
    • More
  • Magazine
  • News
  • Research
  • Markets & Technologies
  • Raw Materials
  • Top Companies
  • Directories
  • Jobs
  • Events
  • Microsites
  • Current / Back Issues
    Features
    Business Corner
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    World Reports
    eBook
    Top Features
    Biocides Market Outlook - 2027

    Lab & Testing Equipment Directory

    Aerospace Coatings

    Resins Update

    Coatings World Q&A: Eileen Weber of allnex
    Breaking News
    Online Exclusives
    Distributor News
    Financial News
    Paint & Coatings Manufacturer News
    People In the News
    Price Increases
    Product News
    Raw Materials & Equipment
    Video Bites
    Suppliers News
    Live From Shows
    Top News
    PPG Launches HOMAX TEX>>PRO Texture System by PPG

    New Digital Solution from Interpon Helps Customers Bring Colors to Life

    What Are You Reading?

    Birla Carbon to Increase North American Prices

    Jason Woods Joins The ChemQuest Group as Director
    Top Companies report
    Market Research
    White Papers / Tech Papers
    Technical Papers
    Product Spec Sheets
    World Reports
    Adhesives and Sealants
    Aerospace Coatings
    Architectural Coatings
    Automotive Coatings
    Automotive Refinish
    Business Operation
    Color Trends & Forecast
    Construction Chemicals
    Corrosion Control
    Industrial Coatings
    Laboratory Equipment
    Marine Coatings
    Market Trends & Forecast
    Powder Coatings
    Production Equipment
    Radcure Coatings
    Special Purpose Coatings
    Wood Coatings
    "Green" Coatings

    PPG Launches HOMAX TEX>>PRO Texture System by PPG

    New Digital Solution from Interpon Helps Customers Bring Colors to Life

    Benjamin Moore Receives Two J.D. Power Awards

    Jamestown Coating Technologies Acquires Yenkin-Majestic Industrial Paint Business

    New Appointment for AkzoNobel Industrial Coatings
    Additives
    Binders
    Pigments
    Solvents

    Birla Carbon to Increase North American Prices

    OQ Chemicals Announces Price Increases for Oxo Intermediates in the Americas

    Birla Carbon Achieves Platinum Rating by EcoVadis

    BASF Offers Color-stable Polyamide for Electromobility

    Stahl Releases Annual ESG Report to Drive Focus on Value-chain Sustainability and Transparency
    Company Capabilities
    Buyers Guide
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    Siltech Corporation

    Clariant Additives

    Shepherd Color Company, The

    Pilot Chemical Company

    Active Minerals
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    Windy City Coatings Course

    Utech Las Americas 2022

    CPCA Annual Conference

    PAINTINDIA 2022 Exhibition

    Southern Society for Coatings Technology Annual Meeting and Technical Conference
    Companies
    White Papers/Tech Papers
    Product Spec Sheets
    Equipment
    Literature/Brochures
    Videos
    International Buyers Guide Companies
    Siltech Corporation

    Clariant Additives

    Shepherd Color Company, The

    Pilot Chemical Company

    Active Minerals
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Business Corner
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directories
      • Buyers Guide
      • Distributor Guide
      • Corporate Capabilities
      • Trade Associations
      • Add Your Company
    • Markets & Technologies
      • Adhesives and Sealants
      • Aerospace Coatings
      • Architectural Coatings
      • Automotive Coatings
      • Automotive Refinish
      • Business Operation
      • Color Trends & Forecast
      • Construction Chemicals
      • Corrosion Control
      • Industrial Coatings
      • Laboratory Equipment
      • Marine Coatings
      • Market Trends & Forecast
      • Powder Coatings
      • Production Equipment
      • Radcure Coatings
      • Special Purpose Coatings
      • Wood Coatings
      • "Green" Coatings
    • Raw Materials
      • Additives
      • Binders
      • Pigments
      • Solvents
    • World Reports
      • Africa Report
      • India/Asia Pacific Report
      • China Report
      • Europe Report
      • Latin America Report
      • Market Research
      • Russian Report
    • Top Companies
    • Online Exclusives
    • Slideshows
    • Experts Opinions
    • Blog
    • eBook
    • Infographics
    • Videos
    • Podcasts
    • Whitepapers
    • Jobs
    • Microsites
      • Companies
      • White Papers/Tech Papers
      • Product Spec Sheets
      • Equipment
      • Literature/Brochures
      • Videos
    • Events
      • Industry Events
      • Live From Show Event
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Top Companies Report

    03. Sherwin-Williams

    ...

    Related CONTENT
    • Sherwin-Williams Announces 2022 Color of the Year
    • IM Group Wins Award for Best Industrial Tinting System in Brazil
    • HGTV Home by Sherwin-Williams Announces Its 2022 Color Collection of the Year
    • HGTV Home by Sherwin-Williams Announces 2022 Color Collection of the Year
    • Color of the Year 2022 Rolls with the Breeze for AkzoNobel Coil Coatings
    07.05.17
    Cleveland, Ohio/USA
    www.sherwin-williams.com

    PUBLIC COMPANY

    YEAR ESTABLISHED: 1866

    REVENUE: $7.426 billion
    (2015: $10.24  billion)
    (Note: Sherwin-Williams reported total revenue of $11,855,602 billon for fiscal 2016. However, for purposes of this report, sales of painting tools and equipment in the Paint Stores Group are not reported as part of coatings revenue. The above is Coatings World’s estimate.)

    MARKETS SERVED

    Architectural coatings;  Industrial coatings;  Protective and marine coatings;  OEM product finishes ;  Wood finishes;  Aerospace coatings

    KEY EXECUTIVES

    John Morikis, chairman, president and CEO; Allen J. Mistysyn, senior vice president – finance and CFO; Sean Hennessy, senior VP, corporate planning, development and administration; and Jane Cronin, corporate controller.

    The Sherwin-Williams Company reported $11,855,602 billion in net sales for 2016. Minus the sale of painting tools and equipment in the company’s Paint Store Group, Coatings World estimates the company’s paint and coatings sales to be approximately $7.426 billion.

    Its Paints Stores Group is the leading operator of specialty paint stores in North America, with more than 4,000 stores located throughout the U.S., Canada and the Caribbean region and represents 65.7 percent of total sales. Its Paint Stores Group includes Sherwin-Williams branded paints and stains. Major brands include Sherwin-Williams, MAB, ProMar and SuperPaint. The Consumer Group comprises 13.4 percent of sales and sells branded, private label and licensed brand paints, stains, varnishes, industrial products, wood finishing products, aerosols, caulks and adhesives. Major brands include Dutch Boy, Krylon, Minwax, Thompson’s WaterSeal, Pratt and Lambert, Martin Senour, Ronseal and Duraseal. The company’s Global Finishes Group comprises 15.9 percent of total sales and manufactures and sells a wide range of OEM product finishes, protective and marine coatings and automotive finishes to a customer base in 120 countries. Key brands include Sherwin-Williams, Lazzuril, Excelo and Baco. The Latin America Coatings Group encompasses 5 percent of total sales. It manufactures a wide range of architectural paints and industrial coatings throughout Latin America.

    John Morikis, chairman, president and CEO of Sherwin-Williams noted in his annual shareholders letter that 2016 was a year of many financial milestones, including record sales for the sixth consecutive year and record earnings for the fifth straight year.

    “Excluding expenses related to the Valspar acquisition, EBITDA eclipsed $2 billion for the first time in our history and profit before tax, net income and earnings per share all increased by double-digit percentages,” he said. “Cash from operations surpassed $1.3 billion, and we finished the year with a cash balance of $889.8 million, which will be used to reduce the amount of debt required to complete the Valspar acquisition. Consolidated net sales for the year increased 4.6 percent to $11.86 billion. Revenue growth was  aided by a change in revenue classification related to grossing up third-party service revenue, which increased annual sales by 1.1 percent. The positive effect of the change in revenue classification was more than offset by currency devaluation, which decreased revenue in U.S. dollars by 1.4 percent. Continued weak demand for certain industrial coatings products — particularly those used to maintain oil and gas production and storage assets and mining equipment — also negatively affected sales volumes throughout the year.

    150 Year Celebration

    Last year marked a milestone year for Sherwin-Williams as the Company celebrated its 150th anniversary with employees, customers and partners by highlighting the company’s long-standing commitment to innovation, color and community.

    Founded in 1866 by Henry Sherwin and Edward Williams, the company launched the Celebration 150 initiative to honor the rich history and contributions from all employees, who today total more than 40,000 people worldwide. Sherwin-Williams hosted celebrations around the world, including the U.S., South America, Europe and Asia. In May, the Company hosted an event near its world headquarters in Cleveland, and John Morikis and other members of the management team rang the opening bell at the New York Stock Exchange.

    Sherwin-Williams also marked the anniversary with community outreach programs worldwide. Throughout the year employees participated in paint renovation projects in schools,  churches, community centers and other deserving  organizations in many locations around the world.

    Acquisition of Valspar

    Sherwin-Williams has completed its acquisition of Valspar. With corporate headquarters in Cleveland, Ohio, the combined company generated pro forma 2016 revenues of $15.8 billion and employs approximately 60,000 associates worldwide. It has a prominent market position in architectural  paint in North America, South America, China, Australia and the UK. In industrial coatings, the combined company is a global market leader in packaging coatings, coil coatings, general industrial coatings and industrial wood coatings.
    Related Searches
    • paint
    • paints
    • innovation
    • sherwin-williams
    Suggested For You
    Sherwin-Williams Announces 2022 Color of the Year Sherwin-Williams Announces 2022 Color of the Year
    IM Group Wins Award for Best Industrial Tinting System in Brazil IM Group Wins Award for Best Industrial Tinting System in Brazil
    HGTV Home by Sherwin-Williams Announces Its 2022 Color Collection of the Year HGTV Home by Sherwin-Williams Announces Its 2022 Color Collection of the Year
    HGTV Home by Sherwin-Williams Announces 2022 Color Collection of the Year HGTV Home by Sherwin-Williams Announces 2022 Color Collection of the Year
    Color of the Year 2022 Rolls with the Breeze for AkzoNobel Coil Coatings Color of the Year 2022 Rolls with the Breeze for AkzoNobel Coil Coatings
    PPG’s Anne Foulkes, Rebecca Liebert Recognized as ‘Women of Influence’ by PBT PPG’s Anne Foulkes, Rebecca Liebert Recognized as ‘Women of Influence’ by PBT
    PPG Highlighting Powder Coatings Innovations at FABTECH 2021 PPG Highlighting Powder Coatings Innovations at FABTECH 2021
    Lanco Paints & Coatings Expands in the Americas Lanco Paints & Coatings Expands in the Americas
    Sika to Divest European Industrial Coatings Business to Sherwin-Williams Sika to Divest European Industrial Coatings Business to Sherwin-Williams
    Sherwin-Williams: Embracing Discovery and Expression in Design for 2022 Sherwin-Williams: Embracing Discovery and Expression in Design for 2022
    Sun Chemical Launches Lead-Free Paliotan VIU Pigments Portfolio Sun Chemical Launches Lead-Free Paliotan VIU Pigments Portfolio
    Sherwin-Williams Issues 2020 Sustainability Report Sherwin-Williams Issues 2020 Sustainability Report
    DCL Corporation Acquires Sun Chemical’s Performance Pigments Plant in South Carolina DCL Corporation Acquires Sun Chemical’s Performance Pigments Plant in South Carolina
    WEG WEG
    Kayalar Kimya Kayalar Kimya

    Related Content

    • Architectural Coatings | Breaking News | Color Trends & Forecast | Paint & Coatings Manufacturer News
      Sherwin-Williams Announces 2022 Color of the Year

      Sherwin-Williams Announces 2022 Color of the Year

      Sherwin-Williams revealed today that the 2022 Color of the Year is Evergreen Fog SW 9130, a nourishing and sophisticated gray-green.
      09.21.21

    • Breaking News
      IM Group Wins Award for Best Industrial Tinting System in Brazil

      IM Group Wins Award for Best Industrial Tinting System in Brazil

      Honored during the “25th Premio Paint & Pintura” award ceremony.
      09.17.21

    • Architectural Coatings | Breaking News | Color Trends & Forecast
      HGTV Home by Sherwin-Williams Announces Its 2022 Color Collection of the Year

      HGTV Home by Sherwin-Williams Announces Its 2022 Color Collection of the Year

      Softened Refuge Color Collection encourages simplicity and comfort with color.
      09.14.21


    • Architectural Coatings | Breaking News | Color Trends & Forecast | Paint & Coatings Manufacturer News
      HGTV Home by Sherwin-Williams Announces 2022 Color Collection of the Year

      HGTV Home by Sherwin-Williams Announces 2022 Color Collection of the Year

      Softened Refuge Color Collection encourages simplicity and comfort with color.
      09.14.21

    • Breaking News | Color Trends & Forecast | Industrial Coatings | Paint & Coatings Manufacturer News
      Color of the Year 2022 Rolls with the Breeze for AkzoNobel Coil Coatings

      Color of the Year 2022 Rolls with the Breeze for AkzoNobel Coil Coatings

      Bright Skies, AkzoNobel’s Color of the Year 2022, is also available in coatings for building and construction metal.
      09.14.21

      Breaking News
      • PPG Launches HOMAX TEX>>PRO Texture System by PPG
      • New Digital Solution from Interpon Helps Customers Bring Colors to Life
      • What Are You Reading?
      • Birla Carbon to Increase North American Prices
      • The 13th International R-M Best Painter Contest Final Set for June 2022
      View Breaking News >
      CURRENT ISSUE

      May 2022

      • Biocides Market Outlook - 2027
      • Lab & Testing Equipment Directory
      • Aerospace Coatings Market

      Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
      You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

      • About Us
      • Privacy Policy
      • Terms And Conditions
      • Contact Us

      follow us

      Subscribe
      Nutraceuticals World

      Latest Breaking News From Nutraceuticals World

      Tocotrienols May Aid Weight Loss and Cognitive Performance, Animal Study Finds
      Leaven Essential to Launch Branded Botanical Extracts to Global Markets
      Lonza Expands Capsugel Capsule Offering with Titanium Dioxide-Free, White Hard Gelatin Capsules
      Coatings World

      Latest Breaking News From Coatings World

      PPG Launches HOMAX TEX>>PRO Texture System by PPG
      New Digital Solution from Interpon Helps Customers Bring Colors to Life
      What Are You Reading?
      Medical Product Outsourcing

      Latest Breaking News From Medical Product Outsourcing

      Study Demonstrates Promise of Pulmonary Congestion Detection Tech
      CardioRenal Raises 3.3 Million Euros
      Japanese Regulators Approve Shockwave Medical's Coronary IVL
      Contract Pharma

      Latest Breaking News From Contract Pharma

      Catalent Introduces UpTempo Virtuoso Platform
      Elicio Therapeutics Enters Clinical Supply Agreement with Regeneron
      Reaction Biology Expands Executive Leadership Team
      Beauty Packaging

      Latest Breaking News From Beauty Packaging

      A Look at Machine Gun Kelly's $30K Diamond Mani
      Doja Cat Rocks Glam Makeup & Nails at the Billboard Music Awards
      Maggie Q Launches Beauty Supplement
      Happi

      Latest Breaking News From Happi

      Thread Beauty Launches Vegan Lip Gloss Collection
      Selig Group Names Adam Sheridan Next President
      Lip Shimmer, Powder Sunscreen and Retinol Drive Latest Beauty Searches: Spate
      Ink World

      Latest Breaking News From Ink World

      INX to Highlight Color Perfection Program, INX University at GulfCan
      Kornit Hosts Kornit Fashion Week London 2022
      Zeller+Gmelin Launches UV-Curable and Water-Based Inkjet Inks
      Label & Narrow Web

      Latest Breaking News From Label & Narrow Web

      Schreiner ProTech introduces new PCS solution for electric vehicle charging
      FTA and FFTA announce 2022-2023 board updates
      Bar Graphic and J&J Converting open US demo center
      Nonwovens Industry

      Latest Breaking News From Nonwovens Industry

      Essity Wins Innovation Award at Interclean
      Weekly Recap: Ontex Confirms Possibility of Attindas Deal, Purell Launches New Wipes & More
      TSG Finishing Starts Modernization Project
      Orthopedic Design & Technology

      Latest Breaking News From Orthopedic Design & Technology

      Denise Pedulla Appointed as Chief Legal Officer at Conformis
      ODT's Most-Read Stories This Week—May 14
      Steven Haddad Joins Extremity Medical as Chief Clinical Officer
      Printed Electronics Now

      Latest Breaking News From Printed Electronics Now

      Google Cloud, Saule Technologies and Columbus Energy Begin Strategic Cooperation
      JDI Develops eLEAP, World’s First Maskless Deposition + Lithographic OLED
      Toppan Develops Temperature Logger Label for Long-Distance Transportation

      Copyright © 2022 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

      AD BLOCKER DETECTED

      Our website is made possible by displaying online advertisements to our visitors.
      Please consider supporting us by disabling your ad blocker.


      FREE SUBSCRIPTION Already a subscriber? Login