PPG Industries recently reported third quarter 2012 net sales of $3.8 billion, the same figure reported in the prior year’s third quarter. Net income for the quarter was $339 million, down compared to last year’s third quarter net income of $311 million. Adjusted net income for the quarter was $348 million.
The Performance Coatings segment’s sales for the quarter were $1.2 billion, flat with the prior year. The negative impacts of foreign currency translation and slightly lower volume were reportedly offset by sales increases from acquisitions and improved selling prices. Volumes rose modestly in the U.S. and were down in all other regions.