PPG Sales Up 3% in 3Q17, Hurt by Natural Disasters

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PPG (NYSE:PPG), Pittsburgh, Pa., reported third-quarter 2017 sales of $3.8 billion, up more than 3 percent from the prior year. Profit from continuing operations was $392 million.

The company reported continuing raw-material cost inflation, driven in part by supply. They don’t expect a decline in that inflation for the remainder of the year and expect additional price increases. PPG’s Industrial Coatings segment reported sales of $1.5 billion, with organic growth of 3 percent year-over-year. Performance Coatings sales were $2.3 billion, with organic sales down 1 percent, primarily due to natural disasters.

Year-to-date, PPG sales were $11.1 billion, up 2 percent.

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