Posted January 25, 20205 yr Anything pertaining to Business Practices, Employee Affairs, Public Relations, Stock, or numbers. Because everything skews off-topic on the development thread, talk business here.
January 30, 20205 yr EBIDA grew to $3B, with gross margins of almost 45%, primarily driven by the Americas Group. They're killing it! https://finance.yahoo.com/news/sherwin-williams-company-reports-2019-120200974.html Edited January 31, 20205 yr by Frmr CLEder
January 31, 20205 yr 9 hours ago, Frmr CLEder said: EBIDA grew to $3B, with gross margins of almost 45%, primarily driven by the Americas Group. They're killing it! https://www.politico.com/news/2020/01/29/trump-black-voters-cash-giveaways-108072 The link is wrong @Frmr CLEder And so is Wall Street. They did a selling spree of SHW and dropped the stock nearly 5% because it's record performance wasn't enough of a record for them. F' them. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
January 31, 20205 yr Thanks. The link has been corrected and it isn't the first nor last time Wall Street has gotten it wrong too. SW missed on revenue and EPS, but still a successful quarter and year in North America; consumers love their SW paints. Performance Coatings Group and ROW were a drag on KPIs. It's all good. They continue to work down that Valspar debt. Edited February 3, 20205 yr by Frmr CLEder
February 5, 20205 yr of course, now wall street agrees its a good time to buy sw: https://www.investorsobserver.com/news/stock-update/does-wall-street-like-sherwin-williams-co-shw-stock 'somewhat quietly, sw has been one of the best stocks of the past decade.' https://investorplace.com/2020/02/3-big-stock-charts-for-tuesday-mcdonalds-charter-and-sherwin-williams/
March 19, 20205 yr "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
May 5, 20205 yr Why Sherwin-Williams Stock Soared in April https://www-fool-com.cdn.ampproject.org/v/s/www.fool.com/amp/investing/2020/05/03/why-sherwin-williams-stock-soared-in-april.aspx?amp_js_v=a3&_gsa=1&usqp=mq331AQFKAGwASA%3D#referrer=https%3A%2F%2Fwww.google.com&_tf=From %1%24s&share=https%3A%2F%2Fwww.fool.com%2Finvesting%2F2020%2F05%2F03%2Fwhy-sherwin-williams-stock-soared-in-april.aspx Edited May 5, 20205 yr by freethink
May 5, 20205 yr ^^ Good info about Sherwin-Williams-especially after they re-committed to staying in Ohio. As Ohioans we are all in this together and this is a little bit of good news for Ohio when Ohio really needs some good news.
May 5, 20205 yr This is interesting considering that we have a hiring freeze, they cut the employee 401K match down to 3% from 6%, offered a pretty attractive buyouts that a good amount of people took, and did lay off some people.
May 5, 20205 yr 5 minutes ago, ytown2ctown said: This is interesting considering that we have a hiring freeze, they cut the employee 401K match down to 3% from 6%, offered a pretty attractive buyouts that a good amount of people took, and did lay off some people. Do you think the company will bounce back from this when things "settle down" a bit? Do you see this as a temporary response to the pandemic that will be readjusted after this horrible thing is over/under control?
May 5, 20205 yr 23 minutes ago, ytown2ctown said: This is interesting considering that we have a hiring freeze, they cut the employee 401K match down to 3% from 6% You should probably mention these are temporary measures.
June 22, 20204 yr Probably not good PR to furlough workers then tout to investors that your sales figures are way up because of so many DIY painting projects: https://www.foxbusiness.com/markets/sherwin-williams-sales-guidance-diy-consumers-demand "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
June 27, 20204 yr On 6/22/2020 at 2:51 PM, KJP said: Probably not good PR to furlough workers then tout to investors that your sales figures are way up because of so many DIY painting projects: https://www.foxbusiness.com/markets/sherwin-williams-sales-guidance-diy-consumers-demand But the figures aren't up. "The Cleveland-based paint company now forecasts second-quarter sales to decrease year-over-year at a percentage rate in the middle single digits. It had previously forecast a decrease in the low to middle teens." They're just down less.
September 11, 20204 yr SHW stock is at an all time high at over $700. I found it interesting that their market capitalization (65.4billion) is now over twice that of their main competitor PPG (29.8billion). PPG stock is still down a little YTD while SHW is up 140 (about 23%).
September 12, 20204 yr Not meaning to bust into your Cleveland thread, but I really hope this works out and you all get a nice tall quality tower. We can be from different parts of the state and still root for one another.
September 15, 20204 yr Update on the HQ+R&D project. Please comment here..... Edited September 15, 20204 yr by KJP "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
November 21, 20204 yr SW would probably do well to give him a second chance and bring him to Cleveland to work in Marketing. https://www.dailymail.co.uk/femail/article-8967887/TikToker-shares-popular-paint-mixing-videos-gets-FIRED-job-Sherwin-Williams.html
November 21, 20204 yr 6 hours ago, Sapper Daddy said: SW would probably do well to give him a second chance and bring him to Cleveland to work in Marketing. https://www.dailymail.co.uk/femail/article-8967887/TikToker-shares-popular-paint-mixing-videos-gets-FIRED-job-Sherwin-Williams.html Sounds like Sherwin needs an Emily in Paris on their payroll to help them understand social media.
July 6, 20213 yr https://www.crainscleveland.com/real-estate/new-sherwin-williams-hq-could-rise-36-stories-design-package-shows
July 7, 20213 yr @Dr_nkBearSee the SHW HQ thread in the projects and construction section. This thread is for business-related news. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
August 21, 20213 yr https://www.prnewswire.com/news-releases/sherwin-williams-to-acquire-european-industrial-coatings-business-of-sika-301359148.html
February 8, 20223 yr Sherwin-Williams expansion in North Carolina: https://www.cleveland.com/business/2022/02/sherwin-williams-investing-300-million-into-expansion-in-north-carolina.html
March 5, 20223 yr https://www.businessinsider.com/sherwin-williams-faces-backlash-for-new-tiktok-after-firing-employee-2022-3
March 5, 20223 yr Random post, but I don’t get the sense anyone at SW has thought about birdsafe glass - anyone familiar?Either way, NEO is incredibly important for bird migrations, as many of many of you know. Word has it that there is still time to sway company execs on this. Please consider writing a letter.https://www.akronaudubon.org/s-w-building.htmlSent from my iPhone using Tapatalk
April 4, 20223 yr Maybe they will need to add a few more floors to their HQ tower. 😉 https://www.cleveland.com/business/2022/04/sherwin-williams-buys-european-coatings-business-adding-more-manufacturing-capability.html
April 4, 20223 yr 1 minute ago, LibertyBlvd said: Maybe they will need to add a few more floors to their HQ tower. 😉 https://www.cleveland.com/business/2022/04/sherwin-williams-buys-european-coatings-business-adding-more-manufacturing-capability.html Or just build the Phase 2 tower on that "temporary" surface parking lot next door on Superior.
April 4, 20223 yr Or just restore a direct flight to a European hub "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
October 11, 20231 yr 53 minutes ago, Clefan98 said: SHW just announced Heidi Petz as their new CEO, effective 1/1/24. Oh no, where does she live? /s
October 11, 20231 yr I don't know where she lives now but she came from Minneapolis when SHW acquired Valspar. She also was a Target executive. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
October 11, 20231 yr 3 hours ago, Ineffable_Matt said: Oh no, where does she live? /s That should always be a financial reporter's question, and yet ... Remember: It's the Year of the Snake
October 11, 20231 yr Here is a little more info on Ms. Petz. https://urnow.richmond.edu/features/article/-/21408/alums-colorful-career-leads-to-leadership-role-at-sherwin-williams.html?utm_source=www&utm_medium=referral&utm_campaign=features-story
January 26, 20241 yr This is more of a Sherwin-Williams business story than it is an HQ development story..... Sherwin-Williams hits pause on HQ worker videos By Ken Prendergast / January 26, 2024 After a construction worker’s videos from the top of the new Sherwin-Williams’ headquarters tower in Downtown Cleveland were posted on YouTube by a friend, the global coatings giant told the friend to delete the video and has clamped down on workers taking pictures of views from the construction site. This comes at a time when tradespeople complained to NEOtrans of an oppressive work environment and harkened back to a paint-mixing TikTok star who was fired four years ago by Sherwin-Williams. MORE: https://neo-trans.blog/2024/01/26/sherwin-williams-hits-pause-on-hq-worker-videos/ "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
January 27, 20241 yr I care how companies treat their employees and the contractors they hire. I am much less inclined to maintain my 20+ year loyalty to SW nowadays. They needlessly shoot themselves in the foot, again.
January 27, 20241 yr This is a great article. Eventually their antagonistic PR approach is going to bite them in the butt. As someone who is going through a lot of home painting, I’ve been surprised how little SW is in the conversation when it comes to what is cool. Benjamin Moore, Farrow and Ball and other companies embrace their consumers, their communities and creativity. SW is like an angry IBM of paint. I didn’t realize until reading this article that they didn’t want a plaza where their own workers could eat at lunch on the street level. So anti-social. Edited January 27, 20241 yr by coneflower
January 27, 20241 yr Just sharing another viewpoint. I too very much enjoyed the beautiful videos of the cityscape that were released. But my guess is if the videographers had casually released only one or two photographs or screenshots, SW would have let it slide with a typical request to stop. I actually understand why SW would not want unauthorized videos released from their HDQRTs construction sites including the more boring one in Brecksville. I realize our board is pointing to an ongoing pattern of behaviors by SW and sharing our attempts of constructive criticism to a large corporation. But, I'm not sure we can criticize their ask to remove the videos here especially if it hypothetically discloses a workplace safety violation. They are ok with the various drone footage we've watched or did they crack down on these videos too? Cheers! Carry on.
January 27, 20241 yr @FerrariEnzo I joined the forum back in 2005. I remember your posts from back in the day. These photos are breathtaking, thank you for posting them. We are grateful for your sacrifice and your service.
February 28Feb 28 Staff reductions to hit Sherwin-Williams HQ By Ken Prendergast / February 28, 2025 With Sherwin-Williams due to move into its new headquarters tower in Downtown Cleveland later this year, there may be fewer managers making that move. That’s according to two company sources who told NEOtrans on the condition of anonymity that Sherwin-Williams is downsizing its headquarters staff, primarily through early retirements and/or voluntary layoffs. MORE: https://neo-trans.blog/2025/02/28/staff-reductions-to-hit-sherwin-williams-hq/ "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
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