PPG Industries (PPG) Tops Q2 EPS by 3c
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PPG Reports Record Second Quarter Net Sales and Earnings Per Share
July 16, 2015 6:51 AM EDTSecond quarter net sales increased 8 percent in local currencies versus prior year Net sales increased about 1 percent versus prior year including unfavorable foreign currency translation Adjusted earnings per diluted share from continuing operations of $1.67 grew 18 percent year-over-year Previously announced business restructuring recorded during second quarter Cash deployment continued; purchase price of acquisitions closed or announced total about $400 million and share repurchases total $350 million year-to-date Cash and short-term investments totaled approximately $1.2 billion at quarter-end
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