IHS Chemical Week

World News and Views :: Top of the News

Restructuring Efforts Lift PPG's Fourth-Quarter Earnings

7:35 AM MST | January 21, 2010 | Kerri Walsh

 PPG Industries' fourth quarter net income doubled to $142 million (85 cts/share) because of a restructuring program that resulted in higher earnings from the industrial coatings and Optical and Specialty Materials businesses. Net income includes a $2-million asbestos-related charge for fourth-quarter 2009, and a $3-million charge in fourth-quarter 2008. Sales fell less than 1%, to $3.1 billion. "The fourth quarter of 2009 capped what was a challenging year," says Charles Bunch, chairman and CEO. "The global recession was both steep and broad...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers




contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa