USA: PPG posts Q4 net income of $83 million
PPG Industries reported today fourth-quarter net income was $83 million, or 49 cents a share, on sales of $1.91 billion. This compares with fourth-quarter 2000 net income of $126 million, or 75 cents a share, on sales of $2.1 billion. For all of 2001, PPG's net income was $387 million, or $2.29 a share, including a $101 million pretax restructuring charge in the first quarter. Excluding the charge, equaling 42 cents a share aftertax, income was $458 million, or $2.71 a share. Sales were $8.2 billion.
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