PPG Posts Strong Results on Improved Demand and Better Sales Volumes

PPG Industries reported fourth-quarter 2011 net income of $216 million, up 5% from the year-ago quarter, on sales up 4%, to $3.5 billion. Earnings per share of $1.39/share beat analysts’ estimates of $1.27/share, according to Thomson Reuters (New York).   “PPG achieved record earnings per share each quarter this year by focusing on strong execution in its global businesses, aggressive cost management and amplified cash deployment,” says Charles Bunch, chairman and CEO of PPG. “This strong performance was achieved despite moderating...

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