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PPG sales numbers jump 42 percent

Post Time:Nov 12,2013Classify:Industry NewsView:42

Boosted by growth in its offshore markets, the acquisition of Dutch paints maker Sigma Kalon and price increases, PPG Industries' second-quarter sales jumped by 42 percent to $4.5 billion.The coatings, glass and chemicals maker said net income rose slightly to $250 million, or $1.51 per share, from $249 million, or $1.50 per share, in the year-ago quarter.Excluding special items, adjusted net income was $269 million, or $1.62 per share, easily beating analysts' estimates of $1.53 per share, according to a July 18 Pittsburgh Post-Gazette report.

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