PPG Industries (PPG) Tops Q1 EPS by 32c
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PPG Reports Record First Quarter 2021 Financial Results
April 15, 2021 4:17 PM EDTRecord first quarter net sales of approximately $3.9 billion, about 15% higher than prior year Record reported earnings per diluted share (EPS) of $1.58 and adjusted EPS of $1.88 Sales volumes grew about 7% year over year reflecting continued, broad global economic recovery, resulting in strong earnings leverage due to the companys lower cost base Additional pricing actions already initiated due to rising input costs Cash and short-term investments of approximately $1.9 billion at quarter-end Completed VersaFlex acquisition and expect the Tikkurila and Wörwag acquisitions to close in the second quarter
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