PPG Industries Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. The company reported fourth quarter 2012 net sales of $3.6 billion. Net income for the quarter was $227 million, or $1.46 per diluted share, including nonrecurring charges. Adjusted net income for the quarter, excluding the nonrecurring charges, was $238 million, or $1.53 per diluted share. Fourth quarter 2011 net sales were $3.5 billion, and net income was $216 million, or $1.39 per diluted share. Income before income taxes was $338 million against $284 million a year ago.

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.