PPG Industries Inc., the Pittsburgh-based glass and industrial coatings manufacturer with a factory in Cumberland County, said its earnings were up 12 percent in the fourth quarter compared to a year ago, and earnings per share were even larger.
The company had quarterly net income attributable to its controlling interests of $254 million, up from $227 million a year ago, according to PPG Industries. Earnings per diluted share were $1.78, or 22 percent more than the year-ago quarter. Analysts had estimated $1.73, according to Yahoo Finance.
For all of 2013, net income attributable to PPG Industries was $3.2 billion, or nearly two-and-a-half times what the company did in 2012, it reported. Year-end earnings per share were $22.27, up from just $6.06 a year ago.
PPG Industries’ glass segment, which includes its factory in South Middleton Township, reported fourth-quarter earnings of $22 million, up from $8 million a year ago, according to the company.
Location of PPG's local factory