Sherwin-Williams Says Weaker Argentine Peso Hurt 4Q Results — Currency Comment
Provided by
Dow Jones
By Paulo Trevisani
Sherwin-Williams said Thursday a sharp devaluation of the Argentine peso last month had a negative impact of $41.8 million on its fourth quarter results.
The company reported net income of $356.2 million in the quarter, down from $386.3 million a year earlier.
The Argentine peso weakened 78.12% versus the U.S. dollar in December, according to Tullett Prebon data.
Write to Paulo Trevisani at paulo.trevisani@wsj.com
(END) Dow Jones Newswires
January 25, 2024 10:03 ET (15:03 GMT)
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