1. The Sherwin-Williams Co.

Cleveland, OH

Chairman: John G. Morikis

President/CEO: Heidi G. Petz 

www.sherwin-williams.com

2024 Coatings Sales: Approx. $19.38 billion
 
 The Sherwin-Williams Co., founded in 1866, supplies coatings and related products to professional, industrial, commercial and retail customers primarily through a network of branded stores in the United States, Canada and the Caribbean. The company employs approximately 64,800 people and operates through three segments: the Paint Stores Group, the Consumer Brands Group and the Performance Coatings Group.

Sherwin-Williams reported 2024 consolidated net sales of approximately $23.1 billion, up from $23.05 billion in 2023. An estimated 84%, or approximately $19.38 billion, came from coatings sales, with the remainder from noncoatings products such as floor coverings and application supplies.

The Paint Stores Group reported $13.2 billion in net sales, a 2.7% increase from 2023, accounting for 57% of total sales. The group added 79 new stores in 2024, bringing the total to 4,773 company-operated locations across the U.S., Canada and the Caribbean. This segment markets Sherwin-Williams®-branded paints, stains, applicators, floor coverings and related products. Brands include Sherwin-Williams®, A-100®, Captivate®, Cashmere®, Duration®, Emerald®, ProClassic®, Pro Industrial™, SuperDeck® and Woodscapes®.

The Consumer Brands Group reported $3.1 billion in sales, down 7.7% year over year, and accounted for 14% of total sales. The decline was attributed to lower volumes, recent divestitures and unfavorable foreign currency translation, partially offset by favorable pricing and mix. The group includes 334 company-operated stores in Latin America and distributes products in over 120 countries. Brands include Cabot®, Dutch Boy®, Krylon®, Minwax®, HGTV HOME® by Sherwin-Williams, Thompson’s® WaterSeal® and Valspar®.

The Performance Coatings Group posted $6.8 billion in sales, a 0.7% decline from 2023, representing 29% of total sales. Sales grew in the coil, industrial wood and packaging divisions, but were offset by softness in automotive refinish and general industrial divisions, as well as unfavorable pricing/mix and currency effects. This group serves global industrial customers in over 35 countries, with brands including Acrolon®, DeBeer Refinish®, Excelo®, Fluropon®, House of Kolor®, Matrix Edge®, M.L. Campbell®, Polane®, Powdura®, Sayerlack®, Ultra 9K® and ValPure®.

 Notes: In 2024, Sherwin-Williams introduced its 2024 Industrial Wood Colormix® Forecast, highlighting palettes that reflect design trends in residential wood finishes. The company also participated in industry-wide color trend reports to guide product development for functional and aesthetic coatings.

In January 2024, Sherwin-Williams introduced House of Kolor® Kameleon FX packs, a new color-shifting technology offering clean transitions and up to 138 color combinations and debuted Sher-Bar TEC™, a textured epoxy coating for infrastructure durability.

In March 2024, PCI interviewed Kiki Redhead of Sherwin-Williams DesignHouse about industrial color forecasting, collaborative development and integrating aesthetics with performance and sustainability.  

Also in March 2024, Sherwin-Williams launched Duraspar™ Industrial Performance (IP), a commercial vehicle coating offering improved hide, sag resistance and first-pass yield. The company also won a Gold Emerging Technology Award for Heat-Flex 7000, a thermal insulative coating that combats CUI and improves safety.

In April 2024, Sherwin-Williams launched FIRETEX® FX7002, a solvent-based intumescent coating offering up to two hours of fire protection with low film thickness and broad UL listings. Also in April, the company launched “The Loneliest Color™” campaign with Dapper Dan, spotlighting Kingdom Gold SW 6698 through fashion and design.

In May 2024, Sherwin-Williams released printed metal coatings and home color trend insights focused on muted, natural tones, introduced the AI-powered Color Expert™ App and introduced Pipeclad® Frac-Shun ERC™ for erosion resistance

In June 2024, the company partnered with the Leagues Cup to expand brand visibility and Home by Sherwin-Williams launched Cabinet & Furniture paint, an acrylic urethane enamel designed to deliver a factory-like finish on cabinetry and furniture.

In November 2024, Sherwin-Williams announced that Executive Chairman John Morikis would retire at the end of the year. President and CEO Heidi Petz became Chair of the Board in January 2025. Also in November, Sherwin-Williams launched Collision Core™ Pronto™, an automated dispensing system for auto refinish, and introduced a two-hour intumescent coating for structural steel.

Source: Annual Report, company website, press releases