PPG Industries (PPG) Tops Q3 EPS by 4c
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PPG Reports Third Quarter Sales and Earnings
October 15, 2015 6:51 AM EDTThird quarter net sales increased 6 percent in local currencies versus prior year. Net sales were down 2 percent versus prior year, including unfavorable foreign currency translation of 8 percent. Third quarter record adjusted earnings per diluted share from continuing operations of $1.61 grew 14 percent year-over-year. Cash deployment continued; aggregate purchase price for closed acquisitions was more than $400 million and share repurchases totaled $500 million year-to-date. Cash and short-term investments totaled approximately $1.4 billion at quarter-end.
PITTSBURGH--(BUSINESS WIRE)-- PPG Industries (NYSE:... More
