United States. Paint manufacturer Sherwin William announced its financial results for 2012 and the fourth quarter of the same year.
Compared to the same period in 2011, consolidated net sales increased $768.8 million, or 8.8%, to $9.53 billion for the year, and grew from $151.4 million, or 7.3%, to $2.22 billion in the quarter, primarily due to high sales volumes and price increases.
Acquisitions increased consolidated net sales by approximately 0.9% in the year and quarter. But unfavorable currency changes decreased consolidated net sales by 1.8% in the year and 1.0% in the quarter.
Net sales in Latin America rose 0.9% to US$836.1 million in the year, while in the last quarter it registered an increase of 5.2% for US$231.5 million, due to increases in sales prices and the high volume of sales of paints, partially offset by currency changes.
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