Coatings / Headlines / News

PPG Achieves Record-Breaking Second Quarter Sales

July 27, 2012
/ Print / Reprints /
ShareMore
/ Text Size+

PPG Industries recently reported financial results for the second quarter of 2012. Net sales for the quarter were $4 billion and net income was $362 million. Adjusted net income for the quarter, excluding the nonrecurring charges, was $365 million. Second quarter 2011 net sales were $4 billion, and net income was $340 million.

Performance Coatings segment sales for the quarter were $1.2 billion, up 1% vs. the prior year. Industrial Coatings segment sales for the quarter were $1.1 billion, up 2% or $24 million over the previous year. Segment volumes grew by more than 20% in the U.S., including strong automotive OEM coatings business performance. Architectural Coatings for the EMEA (Europe, Middle East and Africa) segment had second quarter sales of $601 million, a decrease of $10 million, or 2%, vs. the prior year due to lower volumes partly offset by price.

“In the second quarter, PPG delivered the highest quarterly earnings per share in company history as a result of continued execution, strong cost discipline and effective cash deployment,” said Charles E. Bunch, chairman and CEO. “These record earnings were achieved despite significantly weaker European and Latin American currency exchange rates and growth that varied by region and end-use market.”

For additional information, visit www.ppg.com.

Did you enjoy this article? Click here to subscribe to Adhesives & Sealants Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

In-Depth Features

These articles detail advantages and innovations for multiple end uses.

Podcasts

ExxonMobil Tackifier Expansion

Dwight Tozer, vice president of ExxonMobil’s Adhesion Industry business, discusses the company’s latest tackifier expansion project with Editor-in-Chief Susan Sutton.

More Podcasts

THE MAGAZINE

Adhesives & Sealants Industry Magazine

ASI April 2014 cover

2014 April

Our April issue focuses on pressure-sensitive adhesives, including a preview of PSTC's 2014 Tape Summit, as well as converting/packaging and composites!

Table Of Contents Subscribe

THE ADHESIVES STORE

handbook-sealant-tech.gif
Handbook of Sealant Technology

The Handbook of Sealant Technology provides an in-depth examination of sealants, reviewing their historical developments and fundamentals, adhesion theories and properties, and today’s wide range of applications.

More Products

asi1211p_Cover-DE.gifASI's Buyers' Guide

Annual purchasing resource for equipment used in the manufacture/formulation of adhesives, sealants, pressure sensitives, tapes and labels and for application of finished adhesives. 

Clear Seas Research

With access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

STAY CONNECTED

facebook_40px twitter_40  youtube_40pxlinkedin_40