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Markets :: Specialty Chemicals :: Paints and Coatings

PPG's Earnings Soar on Strong Demand

7:38 AM MDT | October 21, 2010 | Kerri Walsh

PPG’s third-quarter sales and earnings rose on higher volumes. Overall sales volume grew by 6%, mostly led by emerging markets, says chairman and CEO Charles Bunch. Cost cutting measures across the company, and higher selling prices within some of the businesses also helped to improve profits, PPG says. Unfavorable currency exchange rates partially offset the rise in earnings, the company says.  Net income soared 65%, to $262 million ($1.58/share), on sales up 7%, to $3.5 billion.  “Higher industrial activity resulted in sizable gains in our...

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