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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, Europe, Asia, and Australia . The company is structured into three main reportable segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group . Sherwin-Williams sells a variety of products, including architectural paints, stains, varnishes, and industrial coatings .
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Paint Stores Group - Operates 4,694 specialty paint stores in the United States, Canada, and the Caribbean, serving architectural and industrial paint contractors and do-it-yourself homeowners. The majority of products sold are manufactured by the Consumer Brands Group .
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Consumer Brands Group - Manufactures and distributes a wide range of branded and private-label architectural paints, stains, varnishes, and other products to retailers, including home centers and hardware stores, across North America, Latin America, and Europe. Also operates 318 specialty paint stores in Latin America .
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Performance Coatings Group - Develops and sells industrial coatings for various applications, including wood finishing, automotive refinish, and protective and marine coatings. Operates 322 company-operated branches and distributes products through various channels .
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
John G. Morikis ExecutiveBoard | Executive Chairman | Director of Fortune Brands Innovations, Inc.; Director of General Mills, Inc.; Chairman of University Hospitals Health System, Inc.; Policy Advisory Board of the Joint Center for Housing Studies of Harvard University | John G. Morikis has been with SHW since 1984 and will retire as Executive Chairman on December 31, 2024. He has held several key positions, including CEO from 2016 to 2024. | |
Allen J. Mistysyn Executive | Senior Vice President – Finance and Chief Financial Officer | None | Allen J. Mistysyn joined SHW in June 1990 and became CFO in January 2017. He has certified multiple financial reports under the Sarbanes-Oxley Act. | |
Bryan J. Young Executive | Senior Vice President – Corporate Strategy and Development | None | Bryan J. Young joined SHW in June 2017 and became Senior Vice President in March 2021. He plays a significant role in corporate strategy and development. | |
Colin M. Davie Executive | President & General Manager, Global Supply Chain Division, Consumer Brands Group | None | Colin M. Davie has been with SHW since 1995 and became President & General Manager in 2024. He oversees global supply chain operations. | |
Gregory P. Sofish Executive | Senior Vice President – Human Resources | None | Gregory P. Sofish joined SHW in September 1996 and became Senior Vice President in January 2023. He has held various roles in compensation and rewards. | |
Heidi G. Petz Executive | President and Chief Executive Officer | Director at Ulta Beauty, Inc.; Board of Directors of University Hospitals Health System, Inc.; Policy Advisory Board of the Joint Center for Housing Studies of Harvard University | Heidi G. Petz has been with SHW since June 2017 and became CEO on January 1, 2024. She has held various leadership roles within the company, demonstrating growth and operational excellence. | View Report → |
J. Paul Lang Executive | Senior Vice President – Enterprise Finance & Chief Accounting Officer | None | J. Paul Lang has been with SHW since at least 2018 and became Senior Vice President & Chief Accounting Officer in January 2025. | |
James R. Jaye Executive | Senior Vice President of Investor Relations and Corporate Communications | None | James R. Jaye has been with SHW since October 2017 and became Senior Vice President in June 2019. He oversees investor relations and corporate communications. | |
Justin T. Binns Executive | President, Global Architectural | None | Justin T. Binns has been with SHW since August 1997 and became President, Global Architectural in January 2024. He has led various divisions within SHW. | |
Karl J. Jorgenrud Executive | President, Global Industrial | None | Karl J. Jorgenrud joined SHW in June 2017 and became President, Global Industrial in January 2024. He leads the Global Industrial business. | |
Mary L. Garceau Executive | Senior Vice President – Chief Legal Officer and Secretary | None | Mary L. Garceau joined SHW in February 2014 and became Chief Legal Officer in February 2024. She has played a significant role in legal and corporate governance matters. | |
Todd D. Rea Executive | President, Consumer Brands Group | None | Todd D. Rea has been with SHW since April 1993 and became President, Consumer Brands Group in November 2021. He focuses on growth opportunities and category management. | |
Aaron M. Powell Board | Director | Chief Executive Officer, Pizza Hut Division, Yum! Brands, Inc. | Aaron M. Powell has been a director at SHW since 2021. He is also the CEO of the Pizza Hut Division at Yum! Brands. | |
Christine A. Poon Board | Director | Lead Independent Director at Regeneron Pharmaceuticals, Inc.; Director at Prudential Financial, Inc. | Christine A. Poon has been a director at SHW since 2014. She brings over 20 years of strategic and operational leadership experience. | |
Jeff M. Fettig Board | Lead Director | Director of Dow Inc.; Director of Kohler Company; Director of the Indiana University Foundation | Jeff M. Fettig has been a director at SHW since 2019 and became Lead Director in 2023. He has extensive experience in public company management. | |
Kerrii B. Anderson Board | Director | Director at Laboratory Corporation of America Holdings; Director at Worthington Industries, Inc.; Director at Abercrombie & Fitch Co. | Kerrii B. Anderson has been a director at SHW since 2019. She serves as Chair of the Compensation and Management Development Committee. | |
Marta R. Stewart Board | Director | Director of Simon Property Group, Inc. | Marta R. Stewart has been a director at SHW since 2021. She has extensive financial expertise from her career at Norfolk Southern Corporation. | |
Matthew Thornton III Board | Director | Director of Crown Castle International Corp.; Member of The Executive Leadership Council | Matthew Thornton III has been a director at SHW since 2014. He has extensive management and leadership experience from his career at FedEx Corporation. | |
Michael H. Thaman Board | Director | Director at L’Air Liquide S.A.; Director at Kohler Company; Director at UL Solutions Inc. | Michael H. Thaman has been a director at SHW since 2017. He brings extensive operational experience and strategic insights. | |
Thomas L. Williams Board | Director | Director at The Goodyear Tire & Rubber Company; Director at Veralto Corporation | Thomas L. Williams joined the SHW Board of Directors in 2023. He has over 30 years of global experience in the industrial sector. |
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Given the elevated SG&A investments impacting your operating margins, can you clarify when you expect these investments to translate into significant market share gains and margin expansion, particularly in the Paint Stores Group?
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With ongoing choppy demand and the DIY market remaining soft, what specific strategies are you implementing to drive growth in the Consumer Brands Group and mitigate the impact of weak existing home sales and inflation?
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Considering the recent competitive shifts in the industry, such as moves by Kelly Moore and PPG, how is Sherwin-Williams positioning itself to capitalize on these changes, and are there specific market share opportunities you are targeting?
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In light of potential headwinds from increased feedstock costs, especially in propylene and epoxy resins, how do you anticipate these raw material price fluctuations will affect your gross margins, and what strategies do you have to manage these cost pressures?
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Given the challenges in your Refinish business due to lower insurance claims and consumers' reluctance to pay deductibles, do you view this issue as structural or temporary, and what measures are you taking to offset these pressures and drive growth in this segment?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Suvinil | 2025 | The planned acquisition of Suvinil, Brazil’s leading architectural paints business from BASF’s portfolio is valued at $1.15 billion in an all-cash transaction and is expected to close in the second half of 2025; the deal aims to accelerate Sherwin-Williams’ growth in Brazil by leveraging Suvinil’s strong brand and distribution network. |
Specialized Industrial Coatings Holding (SIC Holding) | 2023 | Completed in October 2023, this deal brought in the German-based SIC Holding—including Oskar Nolte GmbH and Klumpp Coatings GmbH—to expand Sherwin-Williams’ industrial wood coatings business, with the acquired operations now reported within its Performance Coatings Group. |
Gross & Perthun GmbH | 2022 | Completed in July 2022, this acquisition of the German developer, manufacturer, and distributor of coatings for the heavy equipment and transportation sectors was part of a group transaction totaling approximately $649.1 million and is reported within Sherwin-Williams’ Performance Coatings Group. |
Dur-A-Flex, Inc. | 2022 | Also completed in July 2022, the acquisition of Dur-A-Flex, Inc.—a domestic floor coatings company—was executed as part of the group deal (which included Gross & Perthun GmbH and Powdertech Oy Ltd.) with recognized allocations of $214.2 million in intangible assets and $380.5 million in goodwill. |
Powdertech Oy Ltd. | 2022 | Completed in July 2022, this acquisition of the Finland-based distributor of powder coatings was part of a group transaction valued at approximately $649.1 million with purchase price allocation reflecting $214.2 million in intangible assets and $380.5 million in goodwill, enhancing Sherwin-Williams' Performance Coatings Group. |
European Industrial Coatings Business of Sika AG | 2022 | Finalized on April 1, 2022, this acquisition of Sika AG’s European industrial coatings business, purchased for about $211.4 million, enhances Sherwin-Williams’ anticorrosion and fire protection coating capabilities within its Protective & Marine division and was funded through operating cash and credit facilities. |
Recent press releases and 8-K filings for SHW.
- The filing includes amended and restated Articles of Incorporation effective as of April 2025, eliminating supermajority voting requirements and updating the company's share structure.
- The 2025 Equity and Incentive Compensation Plan was approved, authorizing 21,969,555 shares for option rights and other equity awards.
- Shareholders approved key proposals on director elections, executive compensation, and charter amendments, reflecting clear proxy vote outcomes.
- Sherwin-Williams Company filed an 8-K on March 10, 2025, detailing Amendment No. 10 to its existing Amended and Restated Credit Agreement.
- The Amendment extends the maturity date for the $75,000,000 commitment from June 20, 2025 to June 20, 2030, and outlines scheduled reductions for other commitments on specific dates.
- The agreement modifications were executed with Goldman Sachs Bank USA as Administrative Agent and Goldman Sachs Mortgage Company as Issuing Bank, confirming the revised credit terms remain in effect.