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Home > Fortune 500 Companies > Sherwin Williams
Sherwin-Williams
Sherwin-Williams is a publicly traded company having a good stock performance result. Sherwin-Williams are a fortune 500 stock listed company trading under the symbol SHW. The Company was founded in 1866, The Sherwin-Williams Company is a world leader in the manufacture, distribution and sale of coatings and related products to professional, industrial, commercial and retail customers. The Sherwin-Williams Company recently announced its financial results for the year and fourth quarter ended December 31, 2005.
Consolidated net sales increased 17.6 percent in the year to 7.19 billion dollars from 6.11 billion dollars in 2004 and 14.1% in the fourth quarter to 1.71 billion dollars from 1.50 billion dollars last year. Acquisitions increased consolidated net sales 369.7 million dollars, or 6.0%, in the year. The net effect of acquisitions and dispositions on consolidated net sales in the fourth quarter was negligible.
Diluted net income per common share in 2005 increased 20.6 percent to 3.28 dollars per share from 2.72 dollars per share in 2004. Acquisitions increased diluted net income per common share approximately 0.14 dollar per share for the year 2005. Diluted net income per common share was 0.54 dollar per share in the fourth quarter compared to0.57 dollar per share a year ago. In 2004, fourth quarter results were favorably impacted by approximately 0.08 dollar per share related to a reduction in the 2004 effective tax rate. Improved operating results in the fourth quarter of 2005 were partially offset by an asset impairment charge of 22.0 million dollars, or approximately 0.10 per share, due to an anticipated reduction in the Company’s business at a major retailer beginning in 2006. Acquisitions had no impact on diluted net income per common share in the fourth quarter of 2005.
The Paint Stores Segment’s operating profit increased 23.4 percent to 592.5 million dollars in the full year and 22.9 percent to 141.8 million dollars in the quarter due primarily to increased sales volume and strong expense control partially offset by significantly increased raw material costs.
For the second consecutive year, The Sherwin-Williams Company was named in the Fortune Magazine's list of 100 Best Companies to Work for. In 2006, the Cleveland-based paint company climbed to number 61, up from the 99th spot in 2005, the first year the company made the list.
The Company has a strong tradition of leadership, service and contributions. The company’s mission is bringing comfort to customers, supporting business and commerce, and building strong communities.
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