By Maria Armental

PPG Industries Inc. reported a 24% drop in sales volume for the second quarter amid the coronavirus pandemic. Here's what you need to know:

PROFIT: Net income fell to $102 million, or 43 cents a share, from $272 million, or $1.14 a share, a year earlier. Excluding restructuring costs and other items, adjusted profit from continuing operations fell to 99 cents a share from $1.85 a share a year earlier. Analysts surveyed by FactSet expected 61 cents a share in profit, or 70 cents a share on an adjusted basis.

REVENUE: Net sales fell to $3.02 billion from $4.02 billion a year earlier. Analysts expected about $2.81 billion.

OUTLOOK: The company had withdrawn financial projections, citing uncertainty about the business impact from the pandemic. On Thursday, company officials said they expect aggregate sales volumes in the third quarter to fall 8% to 15%, differing by business and region.

PANDEMIC: Chief Executive Michael H. McGarry said in a statement that the company saw lower demand across most businesses but that sequentially, monthly sales volumes improved in each region during the quarter and said that company officials expect overall economic activity to continue to recover, at a varied pace, across end-use markets and regions. "We anticipate positive overall global architectural coatings demand trends to continue, with some moderation from the elevated DIY demand experienced in the second quarter," McGarry said, adding, "We expect continued, solid recovery patterns in automotive OEM and general industrial coatings demand in the U.S. and Europe, but still below 2019 levels. Automotive refinish and aerospace coatings sales are expected to be lower until travel and vehicle traffic density return toward more normal levels." 



  Write to Maria Armental at maria.armental@wsj.com