PPG Industries Inc., which makes paint and industrial coatings, reported Thursday its profit almost doubled in the second quarter as volume rose 10 percent and the company benefited from stronger demand as industrial activity picked up around the world.
The results easily beat analyst expectations and the company said although its business hasn't yet returned to pre-recession levels, it is steadily improving.
The company earned $272 million, or $1.63 per share, in the three-month period ending June 30, up from $146 million, or 89 cents a share, a year ago.
The quarter's results include a charge of a penny per share after taxes to reflect the …
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