Content about The Sherwin-Williams Co.

July 16, 2014

The board of directors at the Sherwin-Williams Company elected Matthew Thornton III as its newest member.

Effective July 16, Thornton will join the board as its tenth director, as well as a member of its audit committee.

April 17, 2014

The Sherwin-Williams Company announced mixed results Thursday for the first quarter of 2014, which saw greater top-line revenue for the company that wasn't matched by its net income performance.

Net sales for the three months ended March 31 were $2.37 billion, up 9.2% from $2.17 billion the year before. Sherwin-Williams attributed the increase primarily to higher paint sales volume in the Paint Stores Group and acquisitions, which accounted for 4.5% of the increase alone. Net sales in the Paint Stores Group increased 16.4% to $1.36 billion.

January 30, 2014

The Sherwin-Williams Company posted strong results for its full-year 2013 and fourth quarter ended Dec. 31, with sales and income well above year-ago figures. However, results still came in below earlier forecasts, which caused shares to drop on Thursday.

Net sales for the three-month period were $2.46 billion, compared to $2.22 billion in the previous year's quarter. For the full year, they came in at $10.2 billion, up 6.8%.

October 25, 2013

The Sherwin-Williams Company increased net income 12%, to $262.97 million from $234.95 million, during the third quarter of fiscal 2013.

Net sales grew 9.4% to $2.85 billion from $2.6 billion.

Sherwin-Williams cited higher paint sales volumes in its Paint Stores Group and acquisitions as helping to drive net sales growth. In September 2013, the retailer completed the acquisition of the Comex U.S. and Canada businesses, which added an additional 306 stores, and during the quarter purchased 1.5 million shares of its common stock through open market purchases.

September 16, 2013

The Sherwin-Williams Company has acquired the U.S./Canada business of Consorcio Comex, S.A. de C.V., which includes 314 stores and eight manufacturing sites.

Sherwin-Williams will pay $90 million in cash as well as assume Comex's liabilities, currently valued at approximately $75 million.

July 9, 2013

The Sherwin-Williams Co. says its court date is set for July 15 in a California lead-paint case.

A previously disclosed, Sherwin-Williams is a defendant in a proceeding in the Superior Court of the State of California, County of Santa Clara relating to the presence of lead products used in paints and coatings. 

August 14, 2012

The Sherwin-Williams Co. has received notification of an unsolicited mini-tender offer by TRC Capital Corp., which wants to purchase up to 1,000,000 shares, or approximately 0.97%, of Sherwin-Williams' outstanding common stock. The offer price was 4.39% below the closing price on July 30, 2012, the day before the offer commenced, according to a Sherwin-Williams press release.

July 25, 2012

The Sherwin-Williams Co. reported net sales of $2.57 billion for its second quarter, a 9.3% increase over sales of $2.35 billion in the same quarter of 2011.

Net income for the second quarter, which ended June 30, was $227.8 million, compared with $179.1 million a year ago.  

Net sales in the Paint Stores Group increased 14.6% to $1.49 billion during the quarter; for the Consumer Group, net sales increased 5.9% to $397.7 million.

April 23, 2012

Sherwin-Williams Co. reported net sales of $2.14 billion for its first fiscal quarter, a 15.1% rise over net sales in the same quarter of 2011. The increase was attributed primarily to higher paint sales volume and selling price increases. 

October 3, 2011

Fortune Brands Home & Security (FBHS), which intends to spin off from Fortune Brands today, named John Morikis to the company's board of directors, effective Dec. 1.

Morikis is president and chief operating officer of The Sherwin-Williams Co., an $8 billion global leader in the paint and coatings industry. He was elected COO of Sherwin-Williams in 2006.