PPG Earnings Rise 6%; Sales Flat on Europe Weakness

PPG’s second-quarter net income rose 6% year-on-year, to $362 million, or $2.62/share, on sales that were flat at $4 billion. Adjusted earnings, excluding $3 million in charges resulting from the merger of PPG’s commodity chemicals business with Georgia Gulf, totaled $2.36/share, in line with analysts’ estimates, as reported by Thomson Reuters (New York).   “Overall, our sales in local currencies grew in the quarter, led by continued strong organic growth in North America,” PPG CEO Charles Bunch says. “Business in emerging...

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