PPG Industries (NYSE:PPG) Reports 1Q18 Earnings results; Topline up 9%; Misses Estimate

PPG Industries (NYSE:PPG) revealed income from continuing operation for the first quarter of $ 347.00 million or $ 1.38 per share, compared to income of $ 328.00 million or $ 1.27 per share, in the year-ago period.

On adjusted basis, PPG reported $ 350.00 million or $ 1.39 per share.

Headquartered in Pittsburgh, Pennsylvania, the company disclosed, net sales that reached $ 3.79 billion, rose 9% from $ 3.49 billion a year ago.

The consensus estimates from Thomson Reuters are income of $ 1.41 per share from $ 3.73 billion in revenue.

Michael H. McGarry, PPG Chairman and CEO, commented, This is our most significant sequential improvement since raw material inflation began approximately one-year ago and includes an almost 200 basis points of sequential improvement in the Industrial Coatings segment.

Be the first to comment

Leave a Reply