• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Research
    • Markets & Technologies
    • Raw Materials
    • Top Companies
    • Directories
    • Jobs
    • Events
    • Microsites
    • More
  • Magazine
  • News
  • Research
  • Markets & Technologies
  • Raw Materials
  • Top Companies
  • Directories
  • Jobs
  • Events
  • Microsites
  • Current / Back Issues
    Features
    Columns
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    Top Features
    RadTech Exhibitor Showcase

    RadTech2018 Heads to Chicago

    Low and Zero VOC Coatings

    Overview of the Radcure Market

    Self-Sterilizing/DNA-Free Coatings In Space and On Earth
    Breaking News
    Online Exclusives
    Distributor News
    Financial News
    Paint & Coatings Manufacturer News
    People In the News
    Price Increases
    Product News
    Raw Materials & Equipment
    Suppliers News
    Live From Shows
    Top News
    KTA-Tator, Inc. Releases Fourth KTA University Podcast

    Azelis Launches Company-wide Corporate Social Responsibility Program

    Oxea Implements Freight Adjustment, Changes in Service Standards in North America

    Clariant Starts 2018 with Significant Growth in Sales, EBITDA

    RadTech 2018: Optimizing Pressure Sensitive Adhesives for High-End Applications
    Top Companies report
    Market Research
    White Papers / Tech Papers
    Product Spec Sheets
    Adhesives and Sealants
    Aerospace Coatings
    Architectural Coatings
    Automotive Coatings
    Automotive Refinish
    Business Operation
    Color Trends & Forecast
    Construction Chemicals
    Corrosion Control
    Industrial Coatings
    Laboratory Equipment
    Marine Coatings
    Market Trends & Forecast
    Powder Coatings
    Production Equipment
    Radcure Coatings
    Special Purpose Coatings
    Wood Coatings
    "Green" Coatings

    NeverFade Façade Restoration Coating Shows Strong Color Performance After 8 Years in South Florida

    AkzoNobel Brings Awlgrip Yacht Coatings Range to Brazilian Customers

    PPG Launches MEASURECOLOR MOBILE Color-matching Tool in Europe

    Shamrock Technologies at ACS 2018

    Shamrock Technologies at ACS 2018
    Additives
    Binders
    Pigments
    Solvents

    Shamrock Technologies at ACS 2018

    Shamrock Technologies at ACS 2018

    GMI: Composite Adhesives Market to Exceed 850 Kilo Tons Consumption by 2024

    DowDuPont Invests $100 Million to Expand Manufacturing Capacity

    Sun Chemical, DIC Corporation Increase DAILUBE Production Capacity at Kashima Plant
    Buyers Guide
    Company Capabilities
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    Chromaflo Technologies

    Pan Technology, Inc.

    ACT Test Panels LLC

    Sun Chemical Performance Pigments

    Active Minerals International, LLC
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    Advanced Coatings 2018

    RadTech 2018

    High Temperature Corrosion Mitigation in Energy Sectors Conference

    COATING OSAKA

    MNYCA Annual Meeting Tour & Dinner
    Companies
    White Papers/Tech Papers
    Product Spec Sheets
    Equipment
    Literature/Brochures
    Videos
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Columns
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directories
      • Buyers Guide
      • Distributor Guide
      • Corporate Capabilities
      • Trade Associations
      • Add Your Company
    • Markets & Technologies
      • Adhesives and Sealants
      • Aerospace Coatings
      • Architectural Coatings
      • Automotive Coatings
      • Automotive Refinish
      • Business Operation
      • Color Trends & Forecast
      • Construction Chemicals
      • Corrosion Control
      • Industrial Coatings
      • Laboratory Equipment
      • Marine Coatings
      • Market Trends & Forecast
      • Powder Coatings
      • Production Equipment
      • Radcure Coatings
      • Special Purpose Coatings
      • Wood Coatings
      • "Green" Coatings
    • Raw Materials
      • Additives
      • Binders
      • Pigments
      • Solvents
    • Research
      • Africa Report
      • China Report
      • Europe Report
      • Latin America Report
      • Market Research
      • Russian Report
    • Top Companies
    • Online Exclusives
    • Slideshows
    • Experts Opinions
    • Blog
    • Infographics
    • Videos
    • Podcasts
    • Whitepapers
    • Jobs
    • Microsites
      • Companies
      • White Papers/Tech Papers
      • Product Spec Sheets
      • Equipment
      • Literature/Brochures
      • Videos
    • Events
      • Industry Events
      • Live From Show Event
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Financial News

    PPG Industries 4Q net up 5.4% on industrial coating growth

    02.15.12
    PPG Industries reported net sales for the fourth quarter 2011 of $3.5 billion, an increase of four percent versus the prior year’s fourth quarter. Net income for the quarter increased to $216 million, or $1.39 per diluted share. Fourth quarter 2010 net sales were $3.4 billion, and net income was $205 million, or $1.24 per diluted share.

    PPG’s annual sales for 2011 were $14.9 billion, an increase of 11 percent versus 2010 sales of $13.4 billion. PPG’s full year 2011 net income was $1.1 billion, or $6.87 per diluted share, versus 2010 net income of $769 million, or $4.63 per diluted share. Full year 2010 adjusted net income was $854 million, or $5.14 per diluted share.

    “PPG achieved record earnings per share each quarter this year by focusing on strong execution in its global businesses, aggressive cost management and amplified cash deployment,” said Charles Bunch, PPG chairman and chief executive. “In so doing, we delivered the best full year earnings per share in PPG’s history.

    “This strong performance was achieved despite moderating global growth rates during the fourth quarter,” Bunch said. “During the year, we experienced uneven economic conditions, persistent raw material inflation, and continued anemic construction activity in developed regions. However, the geographic and end-use market diversity of our business portfolio continued to be an important benefit in 2011.”

    For the fourth quarter, Bunch noted that volumes were flat with the prior-year period, as some customers curtailed inventory and remained cautious with their ordering patterns in light of economic uncertainty. This was most evident in Europe, where overall sales volumes fell by one percent.

    However, Bunch said that PPG experienced strengthening global demand during the fourth quarter in several end-use markets, including aerospace, automotive manufacturing and several general industrial markets. He added that this higher demand was supplemented by PPG market share gains.

    “During the quarter, we continued to aggressively pursue price increases and made further progress in countering high raw material cost inflation. Although prices of many raw materials have stabilized, we plan to implement additional price increases in 2012 to offset the inflation we have already absorbed,” Bunch said.

    Looking ahead, Bunch said that he anticipates first quarter 2012 growth to remain uneven by region and varied by industry, similar to the fourth quarter 2011. “We expect the European region to remain the most challenging,” he said. “We expect moderate strengthening in the U.S. economic recovery, supported by an enhanced global cost position in the industrial sector due to lower regional natural gas prices. In the aggregate, emerging-region growth rates are expected to remain high compared to developed regions but more moderate and erratic than they have been in the past.

    Performance Coatings segment sales for the quarter were $1.1 billion, up $34 million versus the prior year. Higher selling prices were realized in each business, while segment volumes declined two percent versus last year. The aerospace business continued to deliver excellent growth. Automotive refinish volumes fell modestly due to customer inventory management and softer European economic conditions. U.S. architectural coatings sales improved, including company-owned same-store sales gains of high-single-digit percentages, due to higher pricing, while volumes remained flat. Architectural coatings volumes in emerging regions declined by mid- to high-single-digit percentages, including lower demand in China, and marine volumes declined by mid-single-digit percentages due to reduced shipbuilding activity. Segment earnings were down $30 million from the prior year due primarily to the lower marine and architectural coatings results, including the lower activity levels, higher inflation levels versus pricing and higher costs. The cost increase included higher year-over-year marine customer claims expense and additional selling and marketing costs in architectural coatings.

    Industrial Coatings segment sales rose $70 million over last year’s fourth quarter to $1 billion, a seven percent increase. Volume grew four percent based on increased global automotive production and growth in several general industrial end-use markets coupled with PPG market share gains. Segment earnings for the quarter were $106 million, an increase of $27 million over the prior year’s fourth quarter, as volume and price gains combined with continued, strict cost management to offset persistent raw-material cost inflation.

    Sales for the Architectural Coatings-EMEA (Europe, Middle East and Africa) segment for the quarter increased $23 million, or five percent, versus the prior year’s period to $449 million, including the negative effects of currency translation. Volumes were up by low-single-digit percentages on share gains despite lower retail and “do-it-yourself” (DIY) store sales. Fourth quarter segment earnings grew $6 million year-over-year to $8 million as a result of the improved volumes in what is seasonally a slow quarter for the business.
    Related Searches
    • Architectural Coatings
    • ppg industries
    • architectural coatings
    • Industrial Coatings
    Related Knowledge Center
    • Industrial Coatings
    • Automotive Refinish
    • Architectural Coatings

    Related Financial News

    • Automotive Coatings | Industrial Coatings

      Asian Paints Consolidated Net Profit for the Quarter Increases

      Asian Paints Ltd. has announced its financial results for the quarter and nine months ended December 31, 2014. “We registered single-digit volume growth in the decorative paint segment in India due to sluggish demand conditions,” sa…
      03.25.15

    • Architectural Coatings | Automotive Refinish | Financial News | Industrial Coatings

      PPG Reports Third Quarter Results

      PPG Industries  reported third quarter 2013 net sales of $4 billion, up 17 percent versus the prior year. Third quarter 2013 reported net income from continuing operations was $220 million, or $1.52 per diluted share, and adjusted net income fro…
      10.17.13

    • Architectural Coatings | Automotive Refinish | Financial News | Marine Coatings

      PPG Delivers Record Second Quarter Results

      PPG Industries reported record second quarter net sales in 2013 of $4.1 billion, up 16 percent versus the prior year. Second quarter 2013 reported net income from continuing operations was $341 million, or $2.35 per diluted share. Adjusted net income…
      07.23.13


    • Architectural Coatings | Financial News | Industrial Coatings | Price Increases

      PPG Reports Record Fourth Quarter and Full Year Results

      PPG Industries reported fourth quarter 2012 net sales of $3.6 billion. Net income for the quarter was $227 million, or $1.46 per diluted share, including nonrecurring charges. Adjusted net income for the quarter, excluding the nonrecurring charges, w…
      01.14.13

    • Architectural Coatings | Automotive Refinish | Financial News | Industrial Coatings

      PPG reports record third quarter earnings per share

      PPG Industries  reported third quarter 2012 net sales of $3.8 billion. Net income for the quarter was $339 million, including nonrecurring charges. Adjusted net income for the quarter, excluding the nonrecurring charges, was $348 million. Third…
      10.19.12

    • Financial News | Industrial Coatings

      AkzoNobel publishes Q3 2012 results

      Akzo Nobel N.V. reported a 6% increase in third quarter revenue compared with the same period last year. This was due to favorable currency effects and pricing actions. EBITDA for Q3 was 7% higher at €540 million. AkzoNobel has undertaken a pru…
      10.18.12


    • Architectural Coatings | Automotive Refinish | Financial News | Industrial Coatings | Marine Coatings

      PPG reports record 11 percent growth in earnings in Q2

      PPG Industries reported net sales for the second quarter 2012 of $4 billion. Net income for the quarter was $362 million. Second quarter 2011 net sales were $4 billion, and net income was $340 million. “In the second quarter, PPG delivered the…
      09.17.12

    • Architectural Coatings | Automotive Refinish | Financial News | Industrial Coatings | Marine Coatings

      PPG sees six percent growth in Q1 revenue on strong U.S. coatings sales

      PPG Industries reported net sales for the first quarter 2012 of $3.8 billion, an increase of six percent versus the prior year’s first quarter. Net income for the quarter was $13 million including nonrecurring charges. Adjusted net income for t…
      05.15.12

    • Architectural Coatings | Automotive Refinish | Business Operation | Financial News | Industrial Coatings

      PPG reports sales up in fourth quarter

      PPG Industries reported net sales for the fourth quarter 2011 of $3.5 billion, an increase of four percent versus the prior year’s fourth quarter. Net income for the quarter increased to $216 million, or $1.39 per diluted share. Fourth quarter…
      03.19.12


    • Architectural Coatings | Financial News | Industrial Coatings

      PPG reports profit gain on sales of $4 billion for 2Q

      PPG Industries reported sales for the second quarter 2011 of $4 billion, an increase of 15 percent versus the prior year’s second quarter. Each major region and reporting segment achieved volume and price gains. Income for the quarter increased…
      08.15.11

    • Architectural Coatings | Financial News | Industrial Coatings

      Dow reports 2Q results

      Dow Chemical’s coatings and infrastructure business unit sales were $1.6 billion in the second-quarter of 2011. Excluding the impact of divestitures, sales were up 14 percent, completely driven by price gains, the company said. Double-digit sal…
      08.15.11

    • Architectural Coatings | Automotive Refinish | Financial News | Industrial Coatings | Marine Coatings

      PPG reports strong first quarter

      PPG Industries reported sales for the first quarter 2011 of $3.5 billion, an increase of 13 percent versus the prior year’s first quarter. The company posted double-digit percentage sales increases in each major region, and all reporting segmen…
      05.09.11

    • Architectural Coatings | Automotive Refinish | Business Operation | Financial News | Industrial Coatings

      PPG's 1Q Sales drop 30%

      PPG’s 1Q Sales drop 30% PPG has reported $2.8 billion sales for the first quarter, a decline of 30%, or $111 million, versus last year’s first quarter. Income for the quarter was $32 million. First quarter 2008 sales were $4 billion and i…
      05.12.09

    • Architectural Coatings | Automotive Refinish | Business Operation | Financial News | Industrial Coatings

      PPG's 1Q Sales drop 30%

      PPG’s 1Q Sales drop 30% PPG has reported $2.8 billion sales for the first quarter, a decline of 30%, or $111 million, versus last year’s first quarter. Income for the quarter was $32 million. First quarter 2008 sales were $4 billion and i…
      04.14.09

    • Architectural Coatings | Financial News | Industrial Coatings | Marine Coatings

      PPG growth continues in 3Q

      PPG growth continues in 3Q PPG reported record sales for the third quarter of $4.2 billion, surpassing the prior year’s third quarter results by 37%. Third quarter reported net income was $117 million. Performance Coatings segment sales in th…
      12.04.08

    Breaking News
    • KTA-Tator, Inc. Releases Fourth KTA University Podcast
    • Azelis Launches Company-wide Corporate Social Responsibility Program
    • Oxea Implements Freight Adjustment, Changes in Service Standards in North America
    • Clariant Starts 2018 with Significant Growth in Sales, EBITDA
    • RadTech 2018: Optimizing Pressure Sensitive Adhesives for High-End Applications
    View Breaking News >
    CURRENT ISSUE

    April 2018

    • RadTech Exhibitor Showcase
    • RadTech2018 Heads to Chicago
    • Low and Zero VOC Coatings
    • Overview of the Radcure Market
    • Self-Sterilizing/DNA-Free Coatings In Space and On Earth
    • Resins Market Update
    • Coatings for Industrial Applications
    • View More >

    Copyright © 2018 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.