PITTSBURGH – PPG Industries reported net sales for the second quarter 2012 of $4 billion. Net income for the quarter was $362 million, or $2.34 per diluted share, including nonrecurring charges. Adjusted net income for the quarter, excluding the nonrecurring charges, was $365 million, or $2.36 per diluted share. Second quarter 2011 net sales were $4 billion, and net income was $340 million, or $2.12 per diluted share.
Second quarter 2012 results include after-tax charges of $3 million, or 2 cents per diluted share, for costs related to the company’s announced agreement to separate its commodity chemicals business and merge it with Georgia Gulf Corp. or its subsidiary.