ppg industries 2Q2008EARNINGSRELEASE

PPG Industries reported record second quarter sales of $4.5 billion, a 42% increase over the prior year. Adjusted net income grew 12% to $269 million compared to $242 million in the previous year. The company achieved double-digit sales and earnings per share growth despite inflationary pressures and weak U.S. end markets. Growth was driven by acquisitions, price increases, emerging market growth, and favorable foreign exchange rates, which more than offset declines in North American volumes. Looking ahead, the company expects continued growth supported by the same factors and further price increases to offset inflation.