PPG reports record third quarter net sales and earnings

PPG’s third quarter 2014 net sales up 4 percent versus the prior year

PPG Industries reported third quarter 2014 net sales from continuing operations of 3.94 billion USD, up 161 million USD, or 4 percent, versus the prior year. Third quarter 2014 reported net income from continuing operations was 377 million USD, or 2.70 USD per diluted share. Third quarter 2014 adjusted net income from continuing operations was 394 million USD, or 2.82 USD per diluted share, which excludes asset divestiture gains of 73 million USD after-tax, or 52 cents USD per diluted share; and charges of 86 million USD after-tax, or 61 cents USD per diluted share for an increase to legacy environmental reserves; acquisition-related costs of 2 million USD after-tax, or 2 cents USD per diluted share; and a pension settlement charge of 2 million USD after-tax, or 1 cent USD per diluted share.