Michael. our renew about X%, results, OEM net consisted the Again, Michael which quarter about were mentioned sales year-over-year. were environment to as just you, production sales up X% global weakened of volumes, fourth $X.X Thank the reflecting That down – were billion, industrial in and that European a pronounced This mentioned. of regions. the in most which were use the declined quarter include our pronounced general many and Michael automotive markets, the global declines production end industrial they U.S. and most
with nearly quarter selling X% seventh prices marking aggregate the X%. prices up about Our of consecutive were selling
in We ensure price with to the we for have will heading services value we fair are supply. and continue and we XXXX selling into products announced work businesses customers receiving our increases additional several our of to
regions. a reflected some been for segment, strong the U.S. very growth, year our deliver This for outperformed This what coatings off customer business specific Summarizing quarter, gains. this for well fourth trends volume Performance industry demand Coatings our truly Asia to business, continued industry reporting increased performance has in caps the Aerospace both which excellent and strong outpacing technologies.
were Automotive partially with U.S. solid refinish in growth by the weaker continued where closely volumes inventory levels. Europe offset manage organic higher to customers in sales
and with strong providing commercializing growth delivered certain in us in now performance keys Our further SEM its products are opportunities. various year acquisition we has SEM markets international financial first
the by Europe sales experienced impacted The prices. Despite challenging we trading very sales year, environment our this economic Europe, full-year. offset in partially in this lower architectural conditions past able coatings, grow was the EMEA higher as the selling business during organic volumes soft for business to
PPG our the sales lower soft demand overall versus but quarter, In year-over-year as consumer selling activity. sequentially economic business reflected prior improved improved volumes remained Latin prices. by Sales generally aided Mexican increased organic America, Comex
earnings PPG financial growing economic in Comex For the and year, this delivered strong reduced performance climate. both sales another
modestly channels store quarter, sales. and our is positive new XXX bringing X,XXX the coatings in increased slower with U.S. sales added quarter in regional architectural our traditionally to same Canada about most Organic This concessionaire also XXXX in including total We stores a locations. seasonally. sales volumes U.S. during
of continued industry above sales, by protective strong volume the business digit Asia coatings delivered region, during marine growth a quarter. Led percentage growth mid-single the in our and
remain expect quarter, moderated levels rates to in year elevated prior although We comparisons. growth the the be given will sales at first strong
consecutive sales XXth manufacturing down Coatings In overall in about sales segment, volumes the declines for X% fell the monthly In our activity automotive the were demand. marking China, Industrial quarter in industrial and in reflecting December weak contracted eleventh month. Europe consecutive
implemented lower aggressive the for and have of for the reflection cost volumes earnings higher year. the were and lower in demand We segment despite year-over-year, quarter our actions this full
by OEM the with were units, percentage, lower business rate. consistent sales volumes mid-single automotive digit individual at look we As industry PPG’s
activity than Our most higher prices business automotive Weak more of Coatings quarter and decreased demand And general Industrial can in food to packaging for our can realized OEM continued as beverage business was year. continued industrial our coatings volumes in higher weakness production the offset global subsegments. selling sales by impacted the demand.
our tax fourth per to XX% year. was the an was quarter tax PPG rate $X.XX, earnings adjusted effective adjusted overall about rate for our From our similar share adjusted the perspective, for quarter,
more on in programs quarter, prices, broad slightly increases programs supported we savings cost, cost ahead than the of were delivered $XX savings excellent manufacturing performance targets. improved cost against selling million by during results our and progress as these in Our
of quarter. vehicles. XX contributed over The and a lenses and tip We months higher positively aerospace also the the acquisition manufacturing added acquisitions earnings for performance past defense in wing we recently Texstars, made over the the the transparencies of
We also recently announced of a the products. manufacturer ICR, of acquisition automotive refinished
our quickly full-year from Now, operations. results comment continuing I’ll on
$XX.X were sales billion. full-year Our
per earnings adjusted XXXX which up share full-year Our XXXX. X% was were versus $X.XX,
up X%, provided per foreign Excluding adjusted firmly last about guidance currency were XXXX translation, our earnings the within share earnings January. we
of higher operating each the strong this year. our by quarter growth discipline driven and Most was and generated margins earnings segment operating
coatings X% $XXX earnings the being sales segment year. industrial our achieved Specifically, despite growth for million up
of Additionally, each regions major operating margins. improved our
which deployment in mentioned, XXXX occur realized completed of we $XXX announce months. of remainder As in pleased the and These had in We acquisitions just XXXX have is to expect sales on various aggregate Pacific. continue the or to $XXX annualized focus XX Asia are to past revenue Michael over of acquisitions million $XXX XXXX. and in over million million acquisition about cash
year repurchased completed of was during quarter. addition $XXX to million the $XXX which fourth acquisitions, we the In million of in stock PPG
turn review of some our financial Michael, I the to it guidance. I’m over going XXXX Before
briefly cover the and in our continue of current and being as to in aided U.S. rates stability of auto also regionally. market. growth construction economic Let positive economic markets generally some the me overall similar expectations interest the by levels that We This supportive Canada is anticipate remain regional accommodative XXXX. to
quarter and challenging expansion to India in than lackluster versus XXXX. we Mexico production we in are conditions China modest more demand economic America, And in in to modestly expected expect anticipate be the South improved XXXX. earlier in XX% first Latin forecasted fall America, improvement. Automotive builds economic also are in industrial a
year trends Chinese Year as do However, the anticipate Economic quarter is region’s we the of in will to region, and progresses, following Asia in varied by growth prospects. and overall remain growth overall improving an in Europe first be demand expected later measurement New of the the half important country. the in subdued
year, potential to new and year the the builds as for progresses. throughout of the onset expect emission automotive due greater standards We volatility the
presentation are financial today’s available Slide XX website, included in These on summary a included on have materials, assumptions. XX. specific of We our and
X% full-year earnings our growth today, XXXX As expect local in acquisitions press discussed includes of on earlier X%. to I This we earlier. included issued release the currencies sales we
and We the excluding as to is earnings impact wide high fully of currency of acknowledge primarily due current guidance begins. this the level EPS to foreign also X%, XXXX of year expect is the uncertainty full-year We the X% growth range translation.
our Imbedded key elements. following guidance are in the
Europe is week. of in soft weak were the further down portion QX continued production, forecast, Automotive which in expect year. early as production remain this early to as China U.S. We and globally the the revised including demand expected challenging, industrial
Year, on demand forecasting difficult in we visibility early the which the year away. early overall have Additionally, week increasingly New trends about with don’t given Chinese a this is China
production XXXX guidance first forecast Our OEM has lower. includes half which tilted also updated Aerospace
raw regarding costs and MCA demand Also, agreement U.S. high from favorable the the the oil in overall crude impacts volatility. uncertainty recently despite reflecting approved pending backdrop, lethargic economic benefit trade to are our trade remained in over agreement, Additionally, any reduced stubbornly included our material have Brexit. supply of recent China U.S. guidance relative the
access increase if items regional we what us realizes, too translate in early have. self-help the strong impact, It into operating XX to giving months, any, volume certainly contributions all the will past noteworthy these Also, expect actions leverage. earnings to for given PPG our strong is any
I just mentioned, general PPG’s In assumptions. following our to addition items specific
of XXX about year million carryover expect First we in full-year from is XXXX impact from completed XXXX. the acquisition acquisitions the recently impact and we sales ICR in that acquisitions during a the announced
we as to their operations margins acquisitions will fully segment work typically at These PPG. deliver or below in the integrate
We are higher general medical continued including logistics wages, and inflation, forecasting costs.
monitoring closely are our in for We recent materials oil the raw with cost prices. the environment crude spikes
customers targeted We are with in XXXX. additional our selling prices working for
we still and We earlier, programs will completing anticipate savings combined As our referenced XX are XXXX. programs. XXXX XXXX million in these deliver in an incremental restructuring
including the cost and inflation annual accrue at corporate and management targeted we this as our to we expect to comp We general increase increase, general incentive levels. expect inflation higher bonus
XXXX rate company’s be from the to was XX%. continuing for ongoing anticipate tax XX% we rate operations comparable to XX%. earnings XXXX on The Next,
rate As geographic the forecast. year earnings based will tax the work tighten including information, this we current progresses, to
This impact specific from We large this customers curtailment. This the $X.XX first production also includes and announced guidance to $X.XX does unfavorable translation. impact quarter. guidance provided was a include a foreign modest currency from aerospace EPS modest also to
consistent manage be We XXXX to spending to our range. basis the capital with [X.X% a to climate current continue on of budget our X%] based and sales expenditures of our to economic
the for these I contained As presentation assumptions mentioned, today’s summary call. financial the other material are and of in
And Michael over comments. for call turn final now, the back I’ll some to
