United States. PPG Industries reported net sales of $3.8 billion in the third quarter of 2012. Net income for the quarter was $339 million, or $2.18 per diluted share, including non-recurring expenses. Adjusted net income for the quarter, excluding non-recurring charges, was $348 million, or $2.24 per diluted share.
In addition, the company reported that in the third quarter of 2011 net sales were $3.8 billion, and net profit was $311 million, or $1.96 per diluted share.
"We delivered record earnings per share in the third quarter despite uneven demand across regions and end-user markets. Our coatings segments drove record performance in improving local currency sales and 20% growth in earnings," said Charles E. Bunch, President and CHIEF Executive Officer of PPG.
The executive also said that sales activity maintained its line in North America, highlighted by OEM (original equipment manufacturer) and refinishing automotive coatings. Business levels in Asia and Latin America were flat in the global market.
Company-wide sales remained stable compared to the third quarter of 2011, at 4%.
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