PPG Net Income Jumps

Paint and coatings manufacturer PPG had third-quarter sales fall four per cent to nearly $3.7 billion from sales of $3.8 billion in the third quarter 2019. It reported a net income from continuing operations of $442 million, more than a 20 per cent jump from a net income of $376 million for the same period last year. Performance coatings sales decreased about 2.7 per cent to $2.25 billion during the quarter while industrial coatings sales were down more than five per cent to $1.43 billion. It attributes the decline to the ongoing negative economic impacts of the COVID-19 pandemic.