SHERWIN WILLIAMS CO

10-K & 10-Q Filings

The Sherwin-Williams Company is a leading manufacturer and retailer of paint, coatings, and related products. It was founded in 1866 and is headquartered in Cleveland, Ohio. The company operates through three reportable segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group. The Paint Stores Group operates 4,694 specialty paint stores in the United States, Canada, and the Caribbean region. The Consumer Brands Group manufactures and distributes a broad portfolio of branded and private-label architectural paint, coatings, and related products to retailers, dealers, and distributors throughout North America, Latin America, and Europe. The Performance Coatings Group develops and sells industrial coatings for wood finishing and general industrial applications, automotive refinish, protective and marine coatings, coil coatings, packaging coatings, and performance-based resins and colorants worldwide. The company's website is investors.sherwin.com, and its ticker symbol is SHW. The company's business strategy includes attracting, retaining, developing, and progressing a diverse workforce, fostering a culture of belonging, and delivering customer-focused differentiated products, services, and solutions. The company's commitment to sustainability includes reducing its carbon footprint, improving energy efficiency, and using renewable energy sources. The company's seven guiding values are integrity, people, service, quality, performance, innovation, and growth.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$8765.70
9534.46
10185.53
11129.53
11339.30
11855.60
14983.79
17534.49
17900.80
18361.70
19944.60
22148.90
23051.90
5442.40
5367.30
8.39%-1.38%Cost of Revenue (-)
$5021.14
5328.24
5568.97
5965.05
5780.08
5933.34
8202.58
10115.93
9864.70
9679.10
11401.90
12823.80
12293.80
3021.50
2836.30
7.75%-6.13%Gross Profit (+)
$3744.56
4206.23
4616.57
5164.48
5559.23
5922.27
6781.21
7418.56
8036.10
8682.60
8542.70
9325.10
10758.10
2420.90
2531.00
9.19%4.55%Selling, General & Administrative (-)
$2960.81
3259.65
3467.68
3822.97
3913.52
4159.44
4785.41
5033.78
5274.90
5477.90
5572.50
6014.50
7065.40
1693.00
1799.80
7.52%6.31%Depreciation & Amortization (-)
$
206.76
318.11
312.80
313.40
309.50
317.10
Non-recurring Operating Expenses (-)
$
136.33
87.40
2.30
15.50
57.90
Operating Expenses (-)
$2963.88
3265.24
3470.54
3860.79
3944.13
4159.44
5013.36
5677.63
5714.49
5821.60
5984.08
6322.47
7190.71
1703.81
1802.13
7.67%5.77%Costs & Expenses (Total) (-)
$7985.02
8593.47
9039.51
9825.84
9724.21
10092.77
13215.94
15793.57
15579.19
15500.70
17385.98
19146.27
19484.51
4725.31
4638.44
7.72%-1.84%Operating Income/Loss (+)
$780.68
940.99
1146.03
1303.69
1615.09
1762.83
1767.85
1740.93
2321.60
2861.00
2558.62
3002.63
3567.39
717.09
728.86
13.50%1.64%Non-operating Income/Expense (+)
$8.52
12.85
2.31
18.39
-4.68
9.55
25.54
-14.83
9.20
-1.70
24.40
-39.00
-40.30
6.70
13.80
105.97%Interest Expense (-)
$42.50
42.79
62.71
64.20
61.79
154.09
263.00
367.00
349.30
340.40
334.70
390.80
417.50
109.30
103.00
20.97%-5.76%Earnings before Tax (+)
$741.55
907.31
1085.96
1258.23
1548.97
1595.23
1528.00
1359.65
1981.80
2519.20
2248.60
2573.10
3109.90
614.80
640.00
12.69%4.10%Tax Expense (-)
$299.69
276.27
333.40
392.34
495.12
462.53
-285.58
250.90
440.50
488.80
384.20
553.00
721.10
137.40
134.80
7.59%-1.89%Income/Loss (Continuing Operations) (+)
$441.86
631.03
752.56
865.89
1053.85
1132.70
1813.80
1108.75
1541.30
2030.40
1864.40
2020.10
2388.80
477.40
505.20
15.10%5.82%Income/Loss (Discontinued Operations) (+)
$
-41.54
Net Income/Loss (+)
$441.86
631.03
752.56
865.89
1053.85
1132.70
1772.26
1108.75
1541.30
2030.40
1864.40
2020.10
2388.80
477.40
505.20
15.10%5.82%Net Income/Loss (Common) (+)
$441.86
631.03
752.56
865.89
1053.85
1132.70
1772.26
1108.75
1541.30
2030.40
1864.40
2020.10
2388.80
477.40
505.20
15.10%5.82%EPS (Basic)
$4.22
6.15
7.41
8.95
11.38
12.33
19.08
11.92
16.79
22.45
7.10
7.83
9.35
1.86
2.00
6.85%7.53%EPS (Diluted)
$4.14
6.02
7.26
8.78
11.16
11.99
18.67
11.67
16.49
22.08
6.98
7.72
9.25
1.84
1.97
6.93%7.07%Weighted Avg Shares (Basic)
104.17
103.40
100.30
94.89
92.27
93.31
93.99
92.72
92.23
90.43
262.50
258.00
255.40
256.70
252.50
7.76%-1.64%Weighted Avg Shares (Diluted)
91.94
267.10
261.80
258.30
259.70
255.80
-1.50%Cash
$32.70
862.59
744.89
40.73
205.74
889.79
204.21
155.50
161.80
226.60
165.70
198.80
276.80
151.40
179.90
19.48%18.82%Receivables
$989.87
1032.51
1097.75
1130.57
1114.28
1230.99
2104.55
2018.77
2088.90
2078.10
2352.40
2563.60
2467.90
2909.20
2809.10
7.91%-3.44%Inventory
$926.81
920.32
970.82
1033.53
1018.53
1068.33
1801.38
1815.28
1889.60
1804.10
1927.20
2626.50
2329.80
2707.80
2378.00
7.98%-12.18%Other Assets (Current)
$312.22
333.82
345.26
361.96
320.32
438.19
355.70
354.94
491.40
482.60
608.40
518.80
438.40
524.40
475.40
2.87%-9.34%Assets (Current)
$2261.59
3149.24
3158.72
2566.78
2658.87
3627.30
4465.84
4344.49
4631.70
4591.40
5053.70
5907.70
5512.90
6292.80
5842.40
7.71%-7.16%Property, Plant & Equipment (Net)
$2472.95
2587.59
2741.38
2835.26
2923.43
3100.93
3966.79
1776.84
1835.20
3595.60
3687.90
4073.80
4724.20
4216.20
4887.70
5.54%15.93%Accumulated Depreciation
$1516.42
1621.69
1720.00
1814.23
1881.57
2005.05
2089.67
2263.33
2547.20
Goodwill & Intangibles
$1413.88
1503.56
1491.99
1447.47
1398.70
1381.90
12816.71
12158.28
11739.30
11520.30
11136.10
11585.20
11506.50
11548.90
11398.90
19.09%-1.30%Other Assets
$597.25
616.05
710.42
670.77
692.41
647.43
798.77
854.67
604.40
694.30
789.00
1027.30
1210.80
1072.00
1299.10
6.07%21.18%Assets (Non-current)
$2967.66
3085.50
3223.79
3139.27
3132.98
3125.22
15492.59
14789.79
15864.50
15810.20
15613.00
16686.30
17441.50
16837.10
17585.70
15.90%4.45%Assets (Total)
$5229.25
6234.74
6382.51
5706.05
5791.85
6752.52
19958.00
19134.00
20496.20
20401.60
20666.70
22594.00
22954.40
23129.90
23428.10
13.12%1.29%Accounts Payable
$1336.76
1290.00
1415.63
1489.38
1576.96
1509.42
2379.62
2384.74
2514.70
3054.00
3279.90
3418.40
3375.10
3356.70
3254.10
8.02%-3.06%Debt (Current)
$354.14
72.72
599.50
682.70
42.62
741.21
634.91
635.59
1006.10
25.20
1024.10
978.70
1473.00
1481.90
2605.40
12.61%75.81%Other Liabilities (Current)
$471.76
513.72
513.43
508.58
522.28
578.55
972.65
1277.38
1001.10
1515.20
1415.50
1563.60
1778.80
1467.40
1624.00
11.70%10.67%Liabilities (Current)
$2162.66
1876.44
2528.56
2680.67
2141.86
2829.18
3987.18
4297.75
4521.90
4594.40
5719.50
5960.70
6626.90
6306.00
7483.50
9.78%18.67%Debt (Non-current)
$639.23
1632.16
1122.37
1122.71
1920.20
1211.33
9885.75
8708.06
9421.40
8266.90
8590.90
9591.00
8377.90
9593.10
8129.50
23.91%-15.26%Other Liabilities
$910.44
934.33
957.04
906.20
861.89
833.58
2393.31
2397.73
2429.60
3929.50
3919.10
3940.20
4233.80
4064.00
4311.40
13.66%6.09%Liabilities (Non-current)
$1549.67
2566.50
2079.41
2028.92
2782.09
2044.90
12279.06
11105.79
11851.00
12196.40
12510.00
13531.20
12611.70
13657.10
12440.90
19.09%-8.91%Liabilities (Total)
$3712.33
4442.93
4607.97
4709.58
4923.94
4874.08
16266.24
15403.50
16372.90
16790.80
18229.50
19491.90
19238.60
19963.10
19924.40
14.69%-0.19%Treasury Stock
$276.65
849.68
1639.17
3150.41
4220.06
4235.83
4266.42
4900.69
5836.50
96.50
2869.90
3775.60
5233.60
4100.80
5793.10
27.76%41.27%Retained Earnings
$756.37
1226.47
1774.05
2424.67
3228.88
4049.50
5502.73
6246.55
7366.90
844.30
2121.70
3523.20
5288.30
3844.10
5611.00
17.59%45.96%AOCI
$-367.88
-370.39
-321.04
-471.96
-587.10
-540.35
-384.87
-629.93
-679.50
-718.30
-698.40
-700.60
-624.30
-665.80
-705.00
-5.89%Shareholder's Equity
$1516.92
1791.80
1774.54
996.47
867.91
1878.44
3692.19
3730.74
4123.30
3610.80
2437.20
3102.10
3715.80
3166.80
3503.70
7.75%10.64%Liabilities & Equity
$5229.25
6234.74
6382.51
5706.05
5791.85
6752.52
19958.43
19134.28
20496.20
20401.60
20666.70
22594.00
22954.40
23129.90
23428.10
13.12%1.29%Net Income/Loss
$441.86
631.03
752.56
865.89
1053.85
1132.70
1772.26
1108.75
1541.30
2030.40
1864.40
2020.10
2388.80
477.40
505.20
15.10%5.82%Depreciation & Amortization
$180.90
179.20
187.79
198.94
198.24
261.47
500.08
608.41
584.10
588.60
579.00
588.70
622.50
156.30
153.20
10.85%-1.98%Increase/Decrease in Working Capital
$8.29
13.31
-31.04
116.69
-72.26
171.98
-18.04
-129.71
146.40
-597.40
298.70
712.50
-567.20
534.20
682.10
27.69%Share-based Compensation
$67.30
78.32
83.88
65.72
78.83
86.96
90.29
82.59
101.70
95.90
97.70
99.70
115.90
22.50
24.60
4.63%9.33%Adjustments to Reconcile Net Income
$293.95
256.85
331.21
215.64
393.29
175.87
111.71
834.95
780.00
1378.20
380.20
-100.20
1133.10
-389.20
-564.10
11.90%-44.94%Net Cash (Operating)
$735.81
887.89
1083.77
1081.53
1447.46
1308.57
1883.97
1943.70
2321.30
3408.60
2244.60
1919.90
3521.90
88.20
-58.90
13.94%-166.78%Capital Expenditure
$185.39
246.68
243.58
199.03
222.70
200.59
8985.84
212.65
399.30
243.10
445.60
1614.40
979.30
210.20
283.80
14.88%35.01%Net Cash (Investing)
$-277.77
-342.45
-338.31
-310.05
-288.63
-303.77
-9047.36
-251.64
-462.60
-322.40
-476.40
-1607.60
-1039.30
-233.40
-321.30
-37.66%Increase/Decrease in Debt
$-52.45
700.86
21.18
92.24
167.29
-1.51
6778.68
-1153.57
-665.80
-410.30
1335.80
953.80
-740.30
503.00
882.50
75.45%Increase/Decrease in Equity
$-367.37
-557.77
-769.27
-1488.66
-1035.29
-65.12
94.20
-527.75
-637.80
-2091.20
-2559.30
-801.20
-1320.40
-290.30
-467.30
-60.97%Interest Expenses
$42.90
41.55
61.05
67.31
48.64
153.85
220.63
368.05
336.10
340.80
338.80
371.10
416.50
113.00
107.50
20.86%-4.87%Dividends Paid
$153.51
160.94
204.98
215.26
249.65
312.08
319.03
322.93
420.80
488.00
587.10
618.50
623.70
156.50
182.50
12.39%16.61%Net Cash (Financing)
$-475.21
286.58
-853.31
-1467.08
-980.35
-307.35
6514.09
-1746.65
-1846.40
-3020.10
-1834.00
-282.40
-2424.60
98.10
289.60
195.21%Cash Taxes Paid
$196.15
223.33
200.75
310.04
335.12
477.79
419.69
292.17
407.50
437.20
466.30
580.10
816.70
40.70
69.70
12.62%71.25%Effect of Exchange Rate
$-8.72
-2.12
-9.85
-8.56
-13.46
-13.40
-36.28
5.88
-6.00
-1.30
4.90
3.20
20.00
-0.30
-6.30
-2000.00%Increase/Decrease in Cash
$-25.89
829.89
-117.70
-704.16
165.01
684.05
-685.58
-48.71
6.30
64.80
-60.90
33.10
78.00
-47.40
-96.90
-104.43%Cash (Beginning)
$58.59
32.70
862.59
744.89
40.73
205.74
889.79
204.21
155.50
161.80
226.60
165.70
198.80
198.80
276.80
10.72%39.24%Cash (Ending)
$32.70
862.59
744.89
40.73
205.74
889.79
204.21
155.50
161.80
226.60
165.70
198.80
276.80
151.40
179.90
19.48%18.82%NOPAT
$574.18
709.37
934.17
982.45
1265.67
1234.85
2098.26
1366.83
1844.23
2364.48
2028.03
2325.69
2630.55
669.62
649.49
13.52%-3.01%Gross Margin %
42.72%
44.12%
45.32%
46.40%
49.03%
49.95%
45.26%
42.31%
44.89%
47.29%
42.83%
42.10%
46.67%
44.48%
47.16%
Operating Margin %
8.91%
9.87%
11.25%
11.71%
14.24%
14.87%
11.80%
9.93%
12.97%
15.58%
12.83%
13.56%
15.48%
13.18%
13.58%
NOPAT Margin %
6.55%
7.44%
9.17%
8.83%
11.16%
10.42%
14.00%
7.80%
10.30%
12.88%
10.17%
10.50%
11.41%
12.30%
12.10%
Net Margin %
5.04%
6.62%
7.39%
7.78%
9.29%
9.55%
11.83%
6.32%
8.61%
11.06%
9.35%
9.12%
10.36%
8.77%
9.41%
Tax Rate %
26.45%
24.61%
18.49%
24.64%
21.64%
29.95%
-18.69%
21.49%
20.56%
17.35%
20.74%
22.54%
26.26%
6.62%
10.89%
ROA
10.98%
11.38%
14.64%
17.22%
21.85%
18.29%
10.51%
7.14%
9.00%
11.59%
9.81%
10.29%
11.46%
2.90%
2.77%
ROE
37.85%
39.59%
52.64%
98.59%
145.83%
65.74%
56.83%
36.64%
44.73%
65.48%
83.21%
74.97%
70.79%
21.14%
18.54%
ROIC
13.47%
13.24%
17.38%
20.71%
26.24%
21.02%
11.64%
9.17%
12.55%
15.34%
13.27%
13.80%
15.44%
3.84%
3.69%
Asset Turnover
1.68
1.53
1.60
1.95
1.96
1.76
0.75
0.92
0.87
0.90
0.97
0.98
1.00
0.24
0.23
Inventory Turnover
5.42
5.79
5.74
5.77
5.67
5.55
4.55
5.57
5.22
5.37
5.92
4.88
5.28
1.12
1.19
Equity Multiplier
3.45
3.48
3.60
5.73
6.67
3.59
5.41
5.13
4.97
5.65
8.48
7.28
6.18
7.30
6.69
Current Ratio
1.05
1.68
1.25
0.96
1.24
1.28
1.12
1.01
1.02
1.00
0.88
0.99
0.83
1.00
0.78
Quick Ratio
0.47
1.01
0.73
0.44
0.62
0.75
0.58
0.51
0.50
0.50
0.44
0.46
0.41
0.49
0.40
Debt/Equity Ratio
0.65
0.95
0.97
1.81
2.26
1.04
2.85
2.50
2.53
2.30
3.95
3.41
2.65
3.50
3.06
Interest Coverage Ratio
18.20
22.65
18.77
19.37
33.20
11.46
8.01
4.73
6.91
8.39
7.55
8.09
8.57
6.35
6.78
Working Capital/Sales
0.04
0.13
0.11
0.04
0.04
0.12
0.08
0.06
0.06
0.02
0.02
0.05
0.04
0.31
0.24
Dividend Payout Ratio %
26.74%
22.69%
21.94%
21.91%
19.72%
25.27%
15.20%
23.63%
22.82%
20.64%
28.95%
26.59%
23.71%
23.37%
28.10%
Total Payout
$616.23
59.40
1014.12
1679.00
1166.29
532.56
-6333.22
2372.30
2060.50
3330.30
2149.40
837.00
3100.90
56.80
-125.20
14.41%-320.42%Payout Ratio %
107.32%
8.37%
108.56%
170.90%
92.15%
43.13%
-301.83%
173.56%
111.73%
140.85%
105.98%
35.99%
117.88%
8.48%
-19.28%