PITTSBURGH – PPG Industries reported record first-quarter 2014 net sales from continuing operations of $3.6 billion, up $528 million, or 17%, versus the prior year. First-quarter 2014 reported net income from continuing operations was $277 million, or $1.97 per diluted share. First-quarter 2014 adjusted net income from continuing operations was $279 million, or $1.98 per diluted share, which excludes $2 million, or 1 cent per diluted share, for acquisition-related costs.
“We achieved year-over-year global volume growth of 5 percent, our highest level in three years,” said Charles E. Bunch, PPG Chairman and Chief Executive Officer. “Additionally, growth rates accelerated in each region versus recent quarters, including in Europe, where our volumes grew 5 percent as we benefited from the early stages of that region’s economic recovery. PPG’s growth was also broad-based across many of our businesses, led by automotive OEM coatings and aerospace, where our performance continued to outpace strong global growth in these end-use markets.