PPG Industries recently reported first quarter 2013 net sales from continuing operations of $3.3 billion, equal with the prior year. First quarter 2013 adjusted net income was $235 million, compared to adjusted net income of $216 million in the same period last year.
Performance Coatings segment sales for the quarter were $1.1 billion, down 2% vs. the prior year, as volumes declined 5% and were reportedly in part offset by sales gains from acquisitions held for less than one year and pricing. Segment sales benefited from continued growth in aerospace, where industry demand remains solid. U.S. architectural coatings sales grew despite two fewer sales days in the quarter and in comparison with a strong prior year period when favorable weather resulted in an early start to the painting season.