United States. Sherwin Williams announced its financial results for the third quarter of 2012. Compared to the same period last year, consolidated net sales increased by US$118.3 million or 4.8% for a total of US$2.6 billion.
The company says that this increase was due to the higher volume of sales in paint of its company Paint Stores Group and the increase in sales prices.
However, Latin American Coatings Group's net sales decreased 4% to $208.7 million in the quarter, primarily due to unfavorable changes in conversion rates, partially offset by sales price increases and higher paint sales volume.
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