PPG Industries (NYSE: PPG), Pittsburgh, PA, reported sales for the first quarter of $3.7 billion, flat compared to the previous year. Profit was $347 million, up 7.8 percent.
"Our growth accelerated and broadened in Europe, where volumes have improved for five consecutive quarters," said President & CEO Michael McGarry. "U.S. and Canada sales volumes were flat, as we continued to experience variations by end-use market and country. Year-over-year growth in emerging regions remained positive, despite strong prior-year growth in China and Mexico, and reflected uneven end-use market demand."
