February 25, 2021
Business News

PPG Reports Fourth Quarter and Full-Year 2020 Financial Results

PITTSBURGH–()–PPG (NYSE:PPG) today reported fourth quarter 2020 net sales of approximately $3.8 billion, more than 2% higher versus the prior year. Selling prices increased by about 1.5%. Sales volumes decreased approximately 1.5% versus the prior year, which reflects the ongoing, negative economic impacts of the COVID-19 pandemic in certain end-use markets. Favorable foreign currency translation impacted net sales by about 1.5%, or about $60 million, and acquisition-related sales, added less than 1% to sales growth.

Fourth quarter 2020 reported net income was $272 million, or $1.14 per diluted share, and adjusted net income was $378 million, or $1.59 per diluted share. Adjusted figures exclude after-tax items…

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