PITTSBURGH – PPG Industries reported third quarter 2015 net sales from continuing operations of $3.87 billion, versus the prior-year figure of $3.94 billion. Net sales in local currencies increased by 6 percent, or approximately $250 million, year-over-year, which included a 7 percent contribution from acquisition-related sales offset by lower sales volume of less than 1 percent. Unfavorable foreign currency translation reduced year-over-year net sales by about 8 percent, or about $310 million.
Third quarter 2015 reported net income from continuing operations was $433 million, or $1.59 per diluted share, and adjusted net income from continuing operations was $439 million, or $1.61 per diluted share, establishing a new third quarter record for the company. Net income from continuing operations for the third quarter 2015 includes after-tax charges for pension windups and transaction-related costs totaling $6 million, or 2 cents per diluted share.