PPG Industries recently reported record second quarter net sales in 2013 of $4.1 billion, up 16% compared to the prior year. Second quarter 2013 reported net income from continuing operations was $341 million. Adjusted net income for the quarter was $356 million.
Performance Coatings segment sales for the quarter were $1.7 billion, up 36%, or $447 million, vs. the prior year due principally to sales from acquired businesses. Segment volumes declined 5%, primarily due to lower marine new-build industry demand in Asia impacting the protective and marine coatings business. Aerospace and automotive refinish delivered mid- to high-single-digit percentage sales growth aided by solid global end-market trends, although results varied somewhat by region. North American architectural coatings sales, excluding acquisitions, were down low-single-digit percentages. High-single-digit percentage growth in company-owned stores was offset by lower results due to previously disclosed changes in products sold at a national retail customer.