More on PPG Industries' (PPG) Q2: Sales and adjusted EPS both hit records thanks to the coatings...


More on PPG Industries' (PPG) Q2: Sales and adjusted EPS both hit records thanks to the coatings businesses which posted 25% Y/Y earnings growth. Economic conditions are "divergent by region," CEO Charles Bunch notes, adding that strong auto production contributed to expansion in North America. The AkzoNobel acquisition had sales of $475M during the period. The company approves a $102M restructuring program aimed at "achieving cost synergies" related to the acquisition and addressing areas where "market conditions remain very challenging." The restructuring charge will be recorded in Q3. Shares -0.36% premarket. (PR)

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