PPG Industries Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012
The company's annual sales for 2012 were $15.2 billion, an increase of 2% versus 2011 sales of $14.9 billion. The company's full year 2012 net income was $941 million, or $6.06 per diluted share, versus 2011 net income of $1.1 billion, or $6.87 per diluted share. Full year 2012 adjusted net income was $1.2 billion, or $7.94 per diluted share. The company's full year tax rate on ongoing earnings was 25% in 2012 and 2011. Full year cash from operations was about $1.8 billion, up 25% versus the previous year. Income before income taxes was $1,402 million against $1,597 million a year ago.