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.
