PPG Industries (PPG) Declares $0.54 Quarterly Dividend; 1.6% Yield
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PPG Industries (PPG) Tops Q3 EPS by 1c, Revenues Beat
October 19, 2020 4:16 PM EDTPPG Industries (NYSE: PPG) reported Q3 EPS of $1.93, $0.01 better than the analyst estimate of $1.92. Revenue for the quarter came in at $3.7 billion versus the consensus estimate of $3.65 billion.
Net sales of about $3.7 billion, 4% lower than the prior yearNet sales continued to be impacted by the economic effects of the COVID-19 pandemicRecord reported earnings per diluted share from continuing operations (EPS) of $1.86 and adjusted EPS of $1.93Strong aggregate segment operating margins compared to the third quarter 2019, supported by sales volume recovery and ongoing cost management actionsQuarterly operating cash flow... More