PPG Glass Segment Sales Up $23 Million in Q4 2013
PPG Industries reported fourth quarter 2013 glass segment net sales of $264 million, up $23 million year over year, according to a Jan. 16 company release. Flat glass pricing increased, as did commercial construction-related demand. Segment earnings were $22 million, an increase of $14 million versus the prior-year quarter. Segment earnings improved due to higher net sales and manufacturing cost improvements, partly offset by the negative impact of cost inflation, including higher transportation and natural gas costs, according to the release. The company also reported record fourth quarter 2013 overall net sales from continuing operations of $3.7 billion, up 14 percent versus the prior year.