PPG Industries recently reported record fourth quarter 2013 net sales from continuing operations of $3.7 billion, up 14%, or $459 million, vs. the prior year. Fourth quarter 2013 reported net income from continuing operations was $254 million. Fourth quarter 2012 reported net income from continuing operations was $191 million.
Performance Coatings segment net sales for the quarter were $1.4 billion, an increase of 25%, reportedly due primarily to acquired-business sales, partly offset by a 3% decline in segment volumes. Aerospace net sales growth continued, aided by ongoing industry growth and sales from acquired businesses. Automotive refinish net sales grew in all major regions, including continued volume gains in emerging regions and a return to growth in Europe.