The Sherwin-Williams Company was founded by Henry Sherwin and Edward Williams in 1866. Today, we are a global leader in the manufacture, development, distribution and sale of paint, coatings and related products to professional, industrial, commercial and retail customers.
The Company manufactures products under well-known brands such as Sherwin-Williams®, Dutch Boy®, Krylon®, Minwax®, Thompson’s® Water Seal® and many more. With global headquarters in Cleveland, Ohio, Sherwin-Williams® branded products are sold exclusively through more than 4,600 company-operated stores and facilities, while the Company’s other brands are sold through leading mass merchandisers, home centers, independent paint dealers, hardware stores, automotive retailers and industrial distributors. For more information, visit our Home page.
The Sherwin-Williams Company is an equal opportunity employer that recruits, selects and hires on the basis of individual qualifications and prohibits unlawful discrimination based on race, color, religion, sex, national origin, protected veteran status, disability, age, sexual orientation or any other consideration made unlawful by federal, state or local laws.
The Four Groups
Paint Stores Group
operates the exclusive outlets for Sherwin-Williams® branded paints, stains, supplies, equipment and floor covering in the U.S., Canada and the Caribbean
Latin America Coatings Group
manufactures and sells a wide range of architectural paints, industrial coatings and related products throughout Latin America.
sells one of the industry’s strongest portfolios of branded and private-label products through retailers primarily in North America and in parts of Europe and Latin America.
Global Finishes Group
manufactures and sells a wide range of OEM product finishes, protective and marine coatings, and automotive finishes to a growing customer base in nearly 100 countries.
2015 At a Glance
63.6%Paint Store Group
Paint Store GroupSherwin-Williams Paint Stores are the exclusive outlets for Sherwin-Williams branded paints, stains, supplies, equipment and floor covering in the U.S., Canada and theCaribbean
Products Sold: Paints, stains, coatings, caulks, applicators, wallcoverings, floor coverings, spray equipment and related products
Markets Served: Do-it-yourselfers, professional painting contractors, home builders, property maintenance, healthcare, hospitality, architects, interior designers, industrial, marine, flooring and original equipment manufacturer (OEM) product finishers
Major Brands Sold: Sherwin-Williams ® , ProMar ® , SuperPaint ® , A-100 ® , Duron ® , MAB ® , PrepRite ® , Duration ® , Duration Home ® , Harmony ® , ProClassic ® , Woodscapes ® , Cashmere ® , HGTV HOME ® by Sherwin-Williams, Emerald ® , Duracraft ® , Solo ® , ProIndustrial™, ProPark ® , Frazee ® , Parker™ Paints, Kwal ® , Color Wheel™, General Paint™, Deckscapes ® , ProGreen ®
Outlets Served: 4,086 Paint Stores Group stores in the United States, Canada, Aruba, Jamaica, Puerto Rico, St. Maarten, Trinidad and Tobago and the Virgin Islands
Latin America Coatings GroupLatin America Coatings Group manufactures and sells a wide range of architectural paints, industrial coatings and related products throughout Latin America.
Products Sold: Architectural paints, stains, coatings, varnishes, industrial maintenance products, wood finishing products, applicators, aerosols, OEM product finishes and related products
Markets Served: Professional painting contractors, independent paint dealers, industrial maintenance, OEM product finishers and do-it-yourselfers/p>
Major Brands Sold: Sherwin-Williams ® , Marson ® , Metalatex ® , Novacor ® , Loxon ® , Colorgin ® , Andina ® , Napko™, Martin Senour ® , Sumaré ® , Condor ® , Euronavy ® , Krylon ® , Kem Tone ® , Minwax ® , Pratt & Lambert ®
Outlets Served: 282 company-operated stores in Brazil, Chile, Colombia, Ecuador, Mexico and Uruguay. Distribution through dedicated dealers, home centers, distributors, hardware stores, and through licensees in Argentina, El Salvador, Peru and Venezuela
Consumer GroupOur Consumer Group sells one of the industry’s most recognized portfolios of branded and private-label products through retailers across North America and in parts of Europe and Latin America, and also operates a highly effective global supply chain for paint, coatings and related products.
Products Sold: Branded, private-label and licensed brand paints, stains, varnishes, industrial products, wood finishing products, wood preservatives, applicators, corrosion inhibitors, aerosols, caulks and adhesives, and related products
Markets Served: Do-it-yourselfers, professional painting contractors, industrial maintenance and flooring contractors
Major Brands Sold: Accurate Dispersions™, Altax™, Bestt Liebco®, Conco®, Duckback®, Dupli-Color®, DuraSeal®, Dutch Boy®, Geocel®, H&C®, HGTV HOME® by Sherwin-Williams, Kool Seal®, Krylon®, Martin Senour®, Mason’s Select®, Minwax®, Pratt & Lambert®, Purdy®, Ronseal™, Rubberset®, Snow Roof®, Sprayon®, SuperDeck®, Thompson’s® WaterSeal®, Tri-Flow®, Uniflex®, VHT®, White Lightning®
Outlets Served: Leading mass merchandisers, home centers, independent paint dealers, hardware stores, craft stores, fine art stores, automotive retailers and industrial distributors in the United States, Canada, Mexico, Poland and United Kingdom
Global Finishes GroupThe Global Finishes Group manufactures and sells a wide range of OEM product finishes, protective and marine coatings, and automotive finishes to a growing customer base in more than 100 countries.
Products Sold: Asset protection products, wood finishes, powder coatings, coatings for plastic and glass, aerosols, high-performance interior and exterior coatings for the automotive, aviation, fleet, heavy truck, material handling, agriculture and construction, and building products markets
Markets Served: Commercial construction, industrial maintenance, OEM applications in military, heavy equipment, electronics, building products, furniture, cabinetry and flooring, automotive jobbers, wholesale distributors, collision repair facilities, dealerships, fleet owners and refinishers, production shops, body builders, manufacturers, and job shops
Major Brands Sold: Sherwin-Williams®, Acrolon®, AcromaPro®,Arti™, ATX™, AWX Performance Plus™, Baco®, Conely™, DFL™, Dimension®, Envirolastic®, Euronavy®, Excelo®, Fastline™, Finish 1™, Firetex®, Genesis®, Heat-Flex®, Inchem®, Kem Aqua®, Lanet™, Lazzuril®, Macropoxy®, Magnalux™, Martin Senour®, Oece™, PermaClad®, Planet Color®, Polane®, Powdura®, Sayerlack®, Sher-Nar®, Sher-Wood®, Ultra™, Ultra-Cure®
Outlets Served:288 company-operated automotive, industrial and product finishes branches and other operations in the United States, Australia, Belarus, Belgium, Brazil, Canada, Chile, China, Czech Republic, Denmark, Finland, France, Germany, India, Ireland, Italy, Lithuania, Malaysia, Mexico, Norway, Peru, Poland, Portugal, Romania, Russia, Singapore, Spain, Sweden, Thailand, Ukraine, United Kingdom and Vietnam. Distribution in 38 other countries through wholly owned subsidiaries, joint ventures, distributors, export options, and licensees of technology, trademarks and trade names
|Net Income (thousands)||$1053849||$865887||$752561|
|Per Common Share:
|Average common shares oustanding (thousands)||92,197||96,190||100,898|
|Return on sales||9.3%||7.8%||7.4%|
|Return on assets||18.2%||15.2%||11.8%|
|Return on beginning shareholders' equity||105.8%||48.8%||49.2%|
|Total Debt to capitalization||69.3%||64.4%||49.2%|
Millions of Dollars
Millions of Dollars
Net Income Per Share — Diluted
Net Operating Cash
Millions of Dollars
The graph at left compares the cumulative five-year total shareholder return on Sherwin-Williams common stock with the cumulative five-year total return of the companies listed on the Standard & Poor’s 500 Stock Index and a peer group of companies selected on a line-of-business basis. The cumulative five-year total return assumes $100 was invested on December 31, 2010 in Sherwin- Williams common stock, the S&P 500 and the peer group. The cumulative five-year total return, including reinvestment of dividends, represents the cumulative value through December 31, 2015.
Returning Cash to Shareholders
We have consistently returned a portion of our cash generated from operations to shareholders through cash dividends and share repurchases. In 2015, the Company increased its cash dividend 21.8 percent to $2.68 per share, marking the 37 th consecutive year we increased our dividend. Share repurchases are also an efficient way of returning cash to shareholders in that they return sellers’ investment at market value and maximize the value of the remaining shares outstanding. In 2015, we purchased 3.58 million shares on the open market. Over the past 10 years, we have reduced our average diluted common shares outstanding by more than 43 million shares.