PPG Reports Fourth Quarter and Full-Year 2016 Financial Results
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PPG Industries (PPG) Reports In-Line Q4 EPS
January 19, 2017 6:51 AM ESTPPG Industries (NYSE: PPG) reported Q4 EPS of $1.19, in-line with the analyst estimate of $1.19. Revenue for the quarter came in at $3.5 billion versus the consensus estimate of $3.55 billion.
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We delivered fourth quarter and full-year adjusted earnings-per-diluted-share growth despite modest and uneven global economic growth and the impact of significant unfavorable foreign currency translation, said Michael H. McGarry, PPG chairman and chief executive officer. We achieved these milestones due to improving sales volumes, continued aggressive cost management and ongoing earnings-accretive focused cash deployment.
For the fourth quarter, our adjusted earnings per diluted share... More
