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This article discusses Sherwin Williams’ Revenue By Segment split across Consumer Brands Group, Performance Coatings Group, and The Americas Group from 2016 onwards.
Sherwin Williams is an American company primarily engaged in the paint and the coating industry. Sherwin Williams generates its revenue from the following segments:
|Segment||Q1 2020||Q1 2021||YoY Growth||Contribution in Q1 2021|
|Consumer Brands Group||$622.3||$778.1||25.03%||16.71%|
|Performance Coatings Group||$1,220.0||$1,370.0||12.29%||29.42%|
|The Americas Group||$2,310.0||$2,500.0||8.23%||53.69%|
(figures in millions, except percentages)
Sherwin Williams’ total revenue rose from $4,147 million in Q1 2020 to $4,656 million in Q1 2021, a growth of 12.27% on a year-on-year basis. The revenue growth was driven by a rise in demand for architectural paints and an increase in demand for coatings in the industrial markets. During the COVID-19 pandemic, Sherwin Williams partnered with Fiberlock Shockwave- a ready-to-use disinfectant and cleaner to help the customers limit the spread of COVID-19.
Consumer Brands Group
Consumer Brands Group contains a mix of branded and local-label paints, industrial products, adhesives, aerosols, and wood finished products. Major brands include- Valspar, HGTV Home, Krylon, Dutch Boy, Frazee, Geocel, Kool Seal, Ronseal, Uniflex, Water Seal, Cabot, and many more. The company manufactures and supplies these products to retailers in America, Europe, China, Australia, and New Zealand.
The revenue from this segment rose from $622.30 million in Q1 2020 to $778.10 million in Q1 2021, an increase of 25.03% on a year-on-year basis. In Q1 2021, this segment contributed 16.71% to the company’s total revenue.
Performance Coatings Group
The Performance Coatings Group of the company manufactures and supplies a broad range of products like industrial coatings, packaging coatings, marine coatings, and automotive refinishes. The customers of this segment include- fleet owners, automotive interiors, production shops, architects, and many more. This segment has its operations in the United States and 44 countries worldwide. Major brands of this segment are- Duraspar, Planet Colour, ValPure, Kem Aqua, EzDex, EuroNavy, and Excelo.
The revenue from this segment increased from $1220 million in Q1 2020 to $1370 million in Q1 2021, marking an increase of 12.29% on a year-on-year basis. In Q1 2021, the Performance Coatings Group contributed 29.42% to the company’s total revenue. The revenue from the packaging and coil division of this segment delivered strong revenue growth whereas the automotive and industrial divisions witnessed negative growth in revenue.
The Americas Group
The Americas Group segment of the company is responsible for marketing and selling Sherwin Williams’s branded products like industrial coatings, architectural paints, floor covering, and marine products. This segment’s major brands include- Super Paint, Super Deck, Paint Shield, Pro Classic, Pro Industrial, and many more. In the year 2020, the company launched 22 new products.
This segment mainly caters to the industries, professional paint contractors, architects, interior designers, and homeowners. The Americas Group operates 4,476 Sherwin William’s exclusive stores in Canada, the United States, and the Caribbean and 298 exclusive retail outlets in Chile, Brazil, Ecuador, Uruguay, and Mexico. The company is continuously researching new product development to give its customer more value and achieve higher sales and profit.
The revenue from this segment increased from $2310 million in Q1 2020 to $2500 million in Q1 2021, an increase of 8.23% on a year-on-year basis. In Q1 2021, the Americas Group contributed 53.69% to the company’s total revenue which was the highest.
The Administrative segment includes the revenue from interest and investments made by the company. Revenue from this segment declined from $1.3 million in Q1 2020 to $0.5 million in Q1 2021, a decrease of 61.53% on a year-on-year basis.
Sherwin Williams is an American conglomerate company offering various products like paints, floor coverings, and coatings. Sherwin Williams was founded by Henry Sherwin and Edward Williams in 1866. The company has its main office in Ohio, Cleveland, United States. The company has its operations in North and South America, Europe, Australia, and New Zealand. The company employs more than 60,000 people worldwide. The company has over 4,700 stores in more than 120 countries worldwide.
Sherwin Williams faces tough competition from- Benjamin Moore, Kelly Moore Paints, DuPont, EcoLabs, PPG Industries, etc. Over the years, Sherwin Williams has acquired many companies like- Columbia Paints and Coatings, Leigh’s Paints, and Valspar.
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