PITTSBURGH – PPG Industries reported third-quarter 2012 net sales of $3.8 billion. Net income for the quarter was $339 million, or $2.18 per diluted share, including nonrecurring charges. Adjusted net income for the quarter, excluding the nonrecurring charges, was $348 million, or $2.24 per diluted share. Third-quarter 2011 net sales were $3.8 billion, and net income was $311 million, or $1.96 per diluted share.
“We delivered record third-quarter earnings per share despite uneven demand among regions and end-use markets,” said Charles E. Bunch, PPG Chairman and CEO. “Our coatings segments drove the record performance on improved local currency sales and 20 percent earnings growth.