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
01-25-24 1003ET