ppg industries 1Q 08 EARNINGS RELEASE

PPG Industries reported record first quarter sales of $3.7 billion, a 41% increase over the prior year, due to acquisitions of SigmaKalon and Barloworld as well as stronger foreign currencies and increased prices. Net income was $100 million compared to $194 million in the prior year due to acquisition-related costs from SigmaKalon. Sales increased across all business segments due to the acquisitions, currency effects, and higher prices, though earnings were flat or up slightly due to offsetting cost inflation and growth investments. The company expects continued sales growth but a difficult North American economy, and remains focused on debt repayment and earnings growth through cash generation.