PPG Reports First Quarter 2019 Financial Results

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Go back to PPG Reports First Quarter 2019 Financial Results

PPG Industries (PPG) Tops Q1 EPS by 17c, Offers Q2 Guidance

April 18, 2019 6:52 AM EDT

PPG Industries (NYSE: PPG) reported Q1 EPS of $1.38, $0.17 better than the analyst estimate of $1.21. Revenue for the quarter came in at $3.8 billion versus the consensus estimate of $3.68 billion.

GUIDANCE:

PPG Industries sees Q2 2019 EPS of $1.76-$1.86, versus the consensus of $1.86.

First quarter operating margins were higher than the prior year, despite a challenging global macro-economic environment and industry demand declines in certain markets. We achieved improved margins through continued selling-price initiatives. This marks the eighth consecutive quarter with improved sequential pricing, said Michael H. McGarry, PPG chairman and... More