PPG Industries (PPG) Tops Q4 EPS by 6c, Q1 EPS Guidance Misses

PPG Industries (NYSE: PPG) reported Q4 EPS of $1.26, $0.06 better than the analyst estimate of $1.20. Revenue for the quarter came in at $4.2 billion versus the consensus estimate of $4.06 billion.

GUIDANCE:

PPG Industries sees Q1 2022 EPS of $1.02-$1.20, versus the consensus of $1.59.

• Aggregate net sales volumes down a mid-single-digit percentage on a year-over-year basis
• Corporate expenses are expected to be about $70 million. The first quarter is typically higher than other quarters.
• Net interest expense is expected to be about $25 million
• Effective tax rate of 22% to 23%
• Reported EPS of $0.84 to $1.02
• Adjusted EPS $1.02 to $1.20, excluding amortization expense of $0.14 and costs related to previously approved and communicated business restructuring of $0.04.

For earnings history and earnings-related data on PPG Industries (PPG) click here.

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