PPG Industries (PPG) Declares $0.48 Quarterly Dividend; 1.6% Yield
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April 18, 2019 12:38 PM EDT
PPG (NYSE: PPG) today announced at its annual meeting of shareholders that Cathy R. Smith, executive vice president and chief financial officer, Target Corporation, and Steven A. Davis, former chairman and chief executive officer, Bob Evans Farms, Inc., have been elected to join its board of directors, effective immediately. Smith will serve on the PPG boards Audit Committee, and Technology and Environment Committee. Davis will serve on the Nominating and Governance Committee, and the Technology and Environment Committee.
Smith, who has announced plans for a May 2020 retirement from Target, has... More
April 18, 2019 6:52 AM EDT
PPG Industries (NYSE: PPG) reported Q1 EPS of $1.38, $0.17 better than the analyst estimate of $1.21. Revenue for the quarter came in at $3.8 billion versus the consensus estimate of $3.68 billion.
GUIDANCE:
PPG Industries sees Q2 2019 EPS of $1.76-$1.86, versus the consensus of $1.86.
First quarter operating margins were higher than the prior year, despite a challenging global macro-economic environment and industry demand declines in certain markets. We achieved improved margins through continued selling-price initiatives. This marks the eighth consecutive quarter with improved sequential pricing, said Michael H. McGarry, PPG chairman and... More
