PPG Industries (NYSE:PPG) announced that it earned $1.53 per share in the fourth quarter, excluding one-time charges, matching estimates. Adjusted earnings exclude charges associated with acquisitions and the spin off of the commodity chemicals business to Georgia Gulf (GGC) for $2.1 billion.
For the full year, profit fell by 14% year over year to $941 million or $6.06 per share. Adjusted earnings for the year were $7.94 per share, beating estimates of $7.93.
Revenue increased by 3.7% year over year to $3.648 billion, beating estimates of $3.589 billion.
Shares are lower by about six tenths of a percent.
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