PPG reports net income up 5% in fourth quarter

PPG Industries reported fourth-quarter net income of $227 million, up 5% year-on-year (YOY). Revenues were up 4%, to $3.6 billion. Adjusted earnings, excluding nonrecurring charges, were $238 million—or $1.53/share. Earnings per share, which were up 10% over the prior-year quarter, were in line with analyst estimates, as reported by Thomson Reuters (New York). “Our record fourth quarter results capped off an exceptional year for the company, driven by excellent operating performance and several significant strategic actions that have accelerated the...

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