PPG Reports Second Quarter 2019 Financial Results
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PPG Industries (PPG) Tops Q2 EPS by 3c, Revenues Miss; Offers FY19 EPS Mid-Point Guidance Below Consensus
July 18, 2019 6:53 AM EDTPPG Industries (NYSE: PPG) reported Q2 EPS of $1.85, $0.03 better than the analyst estimate of $1.82. Revenue for the quarter came in at $4.02 billion versus the consensus estimate of $4.1 billion.
Net sales of $4 billion, which is nearly 3% lower versus prior year; up about 1% in constant currenciesReported earnings per diluted share from continuing operations of $1.13 and adjusted earnings per diluted share from continuing operations of $1.85Continued operating margin recovery driven by further selling price realization and cost managementImprovement in operating cash flow of about $350 million year-to-date; continued strong financial flexibility with approximately $1... More