The 2020 Mid-Year Economic Update_long

PPG Sales Flat in 2015

Fourth quarter sales flat year-over-year.

PPG Industries (NYSE: PPG), Pittsburgh, PA, reported sales for 2015 of $15.3 billion, flat compared to the prior year. Profit decreased 33.1 percent to $1.4 billion.

In the fourth quarter, sales were flat compared to the prior-year period at $3.7 billion. Profit in the fourth quarter was $314 million, compared to $83 million the previous year.

"Results improved despite the persistent, unfavorable impact of weaker foreign currencies, which were more than offset by benefits from our earnings-accretive cash deployment, improving sales volumes and our unwavering focus on costs," said Michael H. McGarry, president and CEO.

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