PPG Reports Second Quarter 2021 Financial Results
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PPG Industries (PPG) Misses Q2 EPS by 26c, Revenues Beat
July 19, 2021 4:14 PM EDTPPG Industries (NYSE: PPG) reported Q2 EPS of $1.94, $0.26 worse than the analyst estimate of $2.20. Revenue for the quarter came in at $4.4 billion versus the consensus estimate of $4.33 billion.
Our strong organic sales growth reflects a partial demand recovery from the pandemic, including above-market contributions across many of our businesses. However, our volume growth was significantly tempered due to various supply and component disruptions, including those that reduced the overall manufacturing capability of our customers. In addition, despite strong underlying end-use market demand, various coatings raw material shortages and logistics issues reduced our... More
