Sherwin Williams: Company Overview

Introductory The name of our company is Sherwin Williams. It is classified in the paint industry. The link to the website is as follows: https://www.sherwin-williams.com. The SIC Code for Sherwin Williams is 5231. The major products it carries are interior and exterior paints and coatings, equipment and supplies, and commercial wallpaper and floorings. Three of its major competitors are Valspar, Akzonobel, and PPG Industries. Sherwin Williams is listed under the New York Stock Exchange. Its ticker symbol is SHW. The internal control over the financial reports is audited by Ernst & Young LLP. Just a few years after Henry Sherwin and Edward Williams started selling paint, they saved enough to purchase a small one-story building

Sherwin-Williams sought to target three specific audiences: Hispanics, do-it-yourselfers, and professionals. The Sherwin-Williams Company has several characteristics that indicate the company is in a strong position to continue to provide excellent returns to shareholders. As of July of 2017, Sherwin-Williams revealed a new organizational structure. It now has three new operating segments that include The Americas Group, the Consumer Group, and the Performance Group. During the second quarter of 2017, net sales rose by 48% and Valspar’s sales increased by 26.9%. Sherwin-Williams is one of the world's leaders in manufacture, distribution, and sale of coatings. It is based on seven guiding values that keep the company strong and healthy. Integrity, people, service, quality, performance, innovation, and growth are what keeps it on top of its’ leading

63.6% of Sherwin-Williams Company sales come from it’s self-branded locations throughout the United States, Canada, and the Caribbean. Sherwin-Williams opened 83 new locations this past year with a total now at 4,086. In March of 2017, Sherwin-Williams launched HGTV-Home. This is a product line that will be sold exclusively through Lowe's home improvement stores which amount to 1,845 locations. At the end of March, 2017, it was announced that Sherwin-Williams will acquire The Valspar Corporation for approximately $9 billion. Valspar maintains a strong presence in the consumer market; particularly Lowe's and Ace Hardware. This acquisition is a strategic move to further penetrate the consumer market. This move will bring additional balance to its market coverage. A strong US dollar has negatively impacted non-domestic sales in the near term. In its most recent quarter, the company's global finishes group suffered a nearly 10% drop in sales, and only part of those declines came from the continuing strength of the U.S. dollar against foreign currencies. The Latin America coatings group saw its revenue fall at more than double that pace, and the segment's profits evaporated because of the low volume and currency-related