Strong demand buoys PPG's Q2 income, beats analysts' estimates

07/16/2010 | Reuters

PPG Industries, a maker of glass, paint and chemicals, has reported a second-quarter profit of $272 million, an 86% jump from its $146 million net income during the same period last year. The figures beat analyst estimates, as the firm saw demand for its products boosted by construction-related activities and strong sales of commodity chemicals. "Our global portfolio and our efforts to restructure our businesses to reduce structural costs have positioned PPG to capitalize on what we anticipate to be a continued, gradual, global economic recovery," PPG's CEO Charles Bunch said.

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