Mixed results for PPG in Q2
Pittsburgh-based PPG Industries’ second quarter sales declined slightly to $4.794 billion, compared to $4.872 billion in the same quarter last year.
Net income increased 8 percent to $528 million.
Looking ahead, the global company said it expects to reap strong momentum in Mexico. In Europe, where demand varies from country to country PPG expects modest year-over-year improvement.
"In the U.S., economic conditions have remained subdued in several end-use markets, but we expect overall improvement as the second half of the year progresses," said Tim Knavish, PPG chairman and CEO.”
He also said: “Our financial results continued to benefit from our well-established businesses in Mexico and China, our second and third largest countries based on revenue.”
Recognized for inclusion
The company also announced that it has been recognized as a "Best Place to Work for Disability Inclusion" by the Disability Equality Index for the third consecutive year.
"One of our greatest strengths is the diversity of our people, and we are consistently seeking out new ways to make PPG an inclusive workplace for all," said Robert Massy, PPG senior vice president and chief human resources officer. "Globally, there are 1.3 billion people with disabilities. Providing equitable experiences for all our employees results in better engagement, increased business performance and more opportunities for all."
Among PPG's North American brands are Flood, Glidden, and Liquid Nails.