Automotive refinish sales growth at “a low-single-digit” percentage rate.
PPG (NYSE:PPG) today reported third quarter 2016 net sales of $3.8 billion, up almost 2 percent versus the prior-year figure of $3.7 billion. Sales volumes grew 1.6 percent and acquisition-related sales contributed more than 2 percent, partly offset by a slight decline in selling prices. Unfavorable foreign currency translation impacted net sales by nearly 2 percent, or about $65 million.
Third quarter 2016 reported net loss from continuing operations was $201 million, or 75 cents per share. Third quarter 2016 adjusted net income from continuing operations was $415 million, or $1.56