PPG Industries (PPG) Q3 EPS Guidance Tops Consensus

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Go back to PPG Industries (PPG) Q3 EPS Guidance Tops Consensus

PPG Projects Strong Third Quarter Financial Results

October 8, 2020 8:45 AM EDT

PITTSBURGH--(BUSINESS WIRE)-- PPG (NYSE: PPG) today announced that its third quarter 2020 adjusted earnings per diluted share is expected to be between $1.90 and $1.94. This compares to adjusted earnings per diluted share of $1.67 in the third quarter of 2019. In addition, the company now anticipates that sales volumes versus the third quarter 2019 will be down about 5%, which is below the lower-end of the previously communicated guidance range of down 6% to 11%. These results include strong year-over-year sales volume growth in PPGs global architectural coatings businesses.

The better than expected quarterly financial results were driven by... More