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PPG profit beats forecasts, but sales miss

Paint maker PPG Industries Inc. PPG, -0.46% said its third-quarter earnings rose 17% as a boost from acquisitions and benefits from cost-control efforts offset a hit from negative currency impacts.

While international expansion has boosted overall sales, like other big U.S. companies seeking growth abroad, PPG has seen a stronger U.S. currency weigh on its revenue.

It is also the first quarterly earnings report for PPG's new chief executive, Michael H. McGarry, who recently assumed the helm from Charles Bunch, who now is executive chairman. Mr. McGarry, a longtime company veteran, most recently was its chief operating officer.

Mr. McGarry helped lead PPG's efforts to increase its focus on its paint and coatings, including...