Last Issue

Login

Newsletter

Please submit your email address here

Who advertise with us

  • 100---Copy
  • 100

Global designers to exhibit at Luxury Br…

Designers from Europe, Middle East and North America will exhibit at the upcoming Luxury Brands Carpet Show. The second edition of the curated Luxury Brands exhibition and designer carpet collection is scheduled to...

H&M to dress Swedish teams for Olymp…

Hennes and Mauritz Group (H&M) will dress the Swedish teams for the Winter Olympics and Paralympics in PyeongChang 2018. The company will create outfits for the opening and closing ceremonies. The collection will...

Saurer to show Allma TechnoCorder TC2 at…

Saurer Technologies GmbH & Co. KG Twisting Solutions, a leading provider of energy efficient solutions for tire cord, carpet, staple, glass filament, and industrial yarns, will present its Allma TechnoCorder TC2 innovative machine...

Cone Denim and Unifi launch S Gene with …

Cone Denim and Unifi have launched the latest in advanced stretch technology - S Gene with Repreve . Combining the advanced stretch technology of S Gene with the superior sustainability and performance of...

Shima Seiki to partake in Premiere Visio…

Leading computerised knitting machine developer, Shima Seiki Mfg., Ltd., is set to participate at the Premiere Vision show, a global event for fashion professionals, to be held in Paris, from February 13 to 15, 2018...

Measurably more productive and econom- i…

Even if the winding machine is only responsible for about 10-15% of the energy consumption (compressed air and electrical energy) when considering the classic ring spinning process, these criteria play an important role...

Wool to dominate at Intertextile Shangha…

Some 3,300 exhibitors from around 20 countries covering all apparel fabrics and accessories product groups are expected at the Spring Edition of the industry’s most comprehensive sourcing platform for the spring/summer season, Intertextile...

Global Trade of Home Textiles to touch U…

Home textiles, a major segment of overall textile industry, offers a wide range of categories such as furnishing fabrics, curtains, carpets, table covers, kitchen accessories, made-ups, bedspreads, bath linen, and other home furnishings...

PPG Industries Q3 sales up 17 %


(United States Of America)

PPG Industries reported third quarter 2013 net sales of $4 billion, up 17 percent versus the prior year. Third quarter 2013 reported net income from continuing operations was $220 million, or $1.52 per diluted share, and adjusted net income from continuing operations was $353 million, or $2.44 per diluted share.

Third quarter 2012 reported net income and earnings per diluted share from continuing operations were $288 million and $1.86, respectively. There were no nonrecurring charges in the prior-year quarter.

Highlights:

- Net sales of $4 billion, up 17 percent versus prior year

- Record adjusted earnings per diluted share from continuing operations of $2.44, up 31 percent versus prior year

- Cash and short-term investments totaling $2.2 billion at quarter-end

- Anticipated full-year share repurchases at high end of previously communicated range

- Reported earnings per diluted share from continuing operations of $1.52, including previously announced restructuring charge and other nonrecurring items

Third quarter 2013 adjusted net income excludes after-tax charges of $73 million, or 50 cents per diluted share, for previously announced business restructuring; $56 million, or 39 cents per diluted share, due to an increase in a legacy environmental reserve; and $4 million, or 3 cents per diluted share, for acquisition-related expenses. A Regulation G Reconciliation of third quarter 2013 adjusted net income and earnings per diluted share to reported net income and earnings per diluted share is included below.

Third quarter 2013 reported and adjusted net income include lower pension expenses resulting from a reorganization of certain company pension plans, which occurred as a part of recently completed separation activities of the former commodity chemicals business. These changes resulted in a catch-up benefit recorded in the third quarter of about $9 million pretax, $6 million after tax, or a total of 4 cents per diluted share, which relates to the first half 2013 reporting periods. This benefit will recur, adding about $4 million to pretax income each quarter going forward.

“We continued to deliver record financial performance in the third quarter as positive impacts from our cash deployment and our strong operating focus were coupled with a broader improvement in market conditions,” said Charles E. Bunch, PPG chairman and chief executive officer. “Aerospace and automotive OEM coatings remained PPG’s most consistent growth drivers, with many other businesses contributing to the overall sales and earnings growth.

“In comparison with recent quarters, year-over-year sales volume trends improved in each major region during the quarter, including some initial signs of stability in Europe,” Bunch said. “We continued our cost-reduction actions and benefited from these improving demand trends, which helped us deliver record third quarter earnings in each major region.

“Performance within the North American architectural coatings business acquired from AkzoNobel continued to improve, and we remained aggressive in capturing our targeted synergies,” Bunch said. “Within the six months following the transaction closing, we already realized, on a run-rate basis, more than 50 percent of the targeted $200 million of acquisition synergies. While there remains considerable work ahead, I am pleased with the team’s excellent progress to date.”

Click here to view full results


PPG Industries

Textile News

new and captivating world of trends, inn…

interview with Domotex Director / Ms. Susanne Klaproth   Could you please give us a br...

Sellers,The Carpet Finishing Machinery S…

  Interview with Mr Roozbeh Moravej Mr Roozbeh Moravej is the new face of the British ...

Destructive competition among producers …

  In this issue of the magazine we have an interview with Masoud Kamali ardakani former...

The knowledge of melt-sminning machinery…

  Interview with Mohammad Ali Zare Manager of STIM Group   KJT: Please gave a detaile...

Kohan Textile Journal interview with Loe…

Mr. Silvano Auciello / Sales Director   1.  Could you please let us know about your su...

Interview with Messe Frankfurt (HK) Limi…

“The gateway to Asia's home living” this is your slogan. Could you please explain why ...

Arab Carpet and Flooring Expo 2017

Interview with “Ms. Dyan Balgos” who is the “Marketing Manager” for “Arab Carpet and Floor...

Farsh Online: New window to Carpet E-com…

  Online Carpet Sale: Still Accelerating Farsh Online is the first online carpet sale in...

Zartosht; An Experience Ranging from Han…

Kohan Textile Journal Zartosht; An Experience Ranging from Hand-woven to Machine-made C...

Dr. Karegar speaks on return of Iranian …

Kohan Textile Journal Dr. Karegar speaks on return of Iranian carpet to America: India...

Salehi: My Biggest Challenge with Produc…

        Kohan Textile Journal In an Interview with Winner of Designing Prize in a C...

Farahi: We are satisfied with our partic…

        kohan textile journal Ali Farahi (Eng.), is a member of Farahi family who m...

Interview with Mrs Regina Brückner

Kohan Textile Journal Interview with Mrs Regina Brückner, Chairperson, VDMA Textile Mac...

Interview with Ms Wendy Wen

Kohan Textile Journal Interview with Ms Wendy Wen, Senior General Manager, Messe Frankf...

Interview with Mr. Xie Xi

Kohan Textile Journal Interview with Mr. Xie Xi, Sales Director, Greater China Region, ...

Interview with Mr. HE Tong Tong

kohan Textile Journal Interview with Mr. HE Tong Tong, General Manager, SHENZHEN HOMER ...

5Q: Get to know Southwest ChemDry

Southwest ChemDry owners Clancy and Rosemary Byrne . ...

Persian Sarouk rugs are highly regarded

Persian Sarouk rugs are highly regarded ...

Interview with Mr. Hamidreza Moshiri

Kohan Textile Journal Interview with Mr. Hamidreza Moshiri, Managing Director of Mashha...

Interview with Mr. Morteza Ghahari

Kohan Textile Journal Interview with Mr. Morteza Ghahari, Managing Director of Khatereh...

interview with Mr. Saleh Nasser Alsoray…

interview with Mr. Saleh Nasser Alsorayai Managing Director of Alsorayai Machine ...

Interview with Mr. Ziadi

Baradaran-e Ziadi Carpet Company has an outstanding experience in the business of handma...

Interview Mr. Ahmad Sadeghian

Kohan Textile Journal interview with Mr. Ahmad Sadeghian (General Manager of Setareh Ka...

Interview with Mrs Ulrike Wechsung

Kohan Textile Journal Interview with Mrs Ulrike Wechsung Director of Heimtextil Exhibi...

Interview with Mrs Mara Bormann

Good looking and waterproof: Fabrics for Yachting ...

Contact Us

اینستاگرام فیسبوک گوگل پلاس توییتر خبر خوان

 
Kohan Textile Journal

Middle East Textile Journal

Phone: ( +9821) 77245780

Fax: (+9821) 77243296

Internet: www.kohanjournal.com

Email: info@kohanjournal.com

P.O Box: 16765 - 465 – Tehran – Iran

Istanbul Office: 0090 539 234 6324

Add to your Skype : ghasemi.behnam

Subscription Form