PPG today reported net income from continuing operations of $392 million, on sales up 3% year-on-year (YOY), to $3.8 billion. PPG posted a loss of $211 million in the year-ago quarter on a pension settlement charge. Excluding that impact, earnings fell 3% YOY. Earnings totaled $1.52/share, matching analysts’ consensus estimate, as reported by Thomson Reuters (New York). This includes a 5 cts/share impact from natural disasters, which the company forecast late last month.
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