PPG Reports First Quarter 2020 Financial Results

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Go back to PPG Reports First Quarter 2020 Financial Results

PPG Industries (PPG) Tops Q1 EPS by 1c

April 27, 2020 4:21 PM EDT

PPG Industries (NYSE: PPG) reported Q1 EPS of $1.19, $0.01 better than the analyst estimate of $1.18. Revenue for the quarter came in at $3.4 billion versus the consensus estimate of $3.4 billion.

First quarter net sales of about $3.4 billion, approximately 7% lower than the prior year and down nearly 5% in constant currenciesFirst quarter reported earnings per diluted share (EPS) of $1.02 and adjusted EPS of $1.19Net sales and EPS includes an estimated unfavorable impact from the effects of the COVID-19 pandemic of approximately $225 million and $0.35, respectivelyRapid implementation of cash and cost management actionsCash and short-term investments... More