PPG Reports Fourth Quarter and Full-Year 2020 Financial Results
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PPG Industries (PPG) Tops Q4 EPS by 2c, Revenues Beat
January 21, 2021 4:18 PM ESTPPG Industries (NYSE: PPG) reported Q4 EPS of $1.59, $0.02 better than the analyst estimate of $1.57. Revenue for the quarter came in at $3.8 billion versus the consensus estimate of $3.57 billion.
Fourth quarter net sales of approximately $3.8 billion, more than 2% higher than the prior year, despite continued negative impacts of the COVID-19 pandemicReported earnings per diluted share (EPS) of $1.14 and adjusted EPS of $1.59Strong operating margin momentum led by higher year-over-year sales volumes in the Industrial Coatings reportable segment and continued strong cost managementCompleted Ennis-Flint acquisition and recently announced additional acquisition... More