International. PPG Industries reported record net sales during the second quarter of 2015 from continuing operations of $4.1 billion, growing $18 million, or about 1%, compared to the previous year's figure of $4.08 billion.
Net sales in local currency increased by 8%, or approximately US$340 million, year-over-year, which includes a 7% contribution from acquisition-related sales and a 1% improvement in sales volume. Unfavorable foreign currency turnover reduced net year-over-year sales by more than 7 percent, or about $320 million.
"Sales volumes grew by 1% year-over-year, similar to the first quarter, reflecting modest global economic growth. Regionally, compared to the last quarter, our growth rates improved in Europe and the U.S., were moderate in Asia, and remained unfavorable in South America," said Charles Bunch, president and CEO of PPG.
