PPG Industries (PPG) Reports In-Line Q4 EPS
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PPG Reports Fourth Quarter and Full-Year 2016 Financial Results
January 19, 2017 6:51 AM ESTFourth quarter net sales of $3.5 billion and reported earnings per diluted share from continuing operations of 29 cents Fourth quarter adjusted earnings per diluted share from continuing operations of $1.19, up approximately 3 percent including unfavorable impact from foreign currency translation Initiated new restructuring program targeting $125 million in annual cost savings, including savings of $40 million to $50 million in 2017 Continued portfolio optimization with announced acquisition of two European architectural coatings businesses along with divestitures of several non-core glass businesses Achieved top-end of cash deployment target for acquisitions and... More
