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PPG Earnings Advance 30% on Strong Volume Gains
9:20 AM MST | January 17, 2008 | Robert Westervelt
PPG Industries reported fourth-quarter net income of $200 million ($1.21/share), up 30% from the year-ago quarter. Net income from continuing operations was $193 million ($1.17/share), and income from discontinued operations, net of tax, of $7 million (4 cts/share). Revenue increased 15% to $2.87 billion. “We achieved over 5% volume growth in the quarter, marking our best quarterly performance in three years despite a slowing economy, and each of our business segments increased sales for the quarter by at least 10% over the prior year,” says Charles...
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