PPG Has Strong Third Quarter

PPG had net sales of $4,372 million for the third quarter of 2021, an increase of 19 per cent over net sales of $3,685 million in the third quarter of 2020. Sales were impacted by supply disruptions and raw material cost inflation. Net income was $344 million for the quarter, down 22 per cent from $442 million in the year-ago period. The performance coatings segment net sales were up 23 per cent year-over-year, and segment income was down four per cent. The industrial coating segment sales were up 14 per cent while segment income was down 45 per cent year-over-year.