PPG Reports Third Quarter 2021 Financial Results
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PPG Industries (PPG) Tops Q3 EPS by 8c; Guides FY EPS Below Street
October 20, 2021 4:19 PM EDTPPG Industries (NYSE: PPG) reported Q3 EPS of $1.69, $0.08 better than the analyst estimate of $1.61. Revenue for the quarter came in at $4.4 billion versus the consensus estimate of $4.24 billion.
Chairman and CEO Comments
Michael H. McGarry, PPG chairman and chief executive officer, commented on the quarter:
As we communicated in early September, supply-chain disruptions worsened during the quarter as various commodity and component shortages restricted both our manufacturing output and that of certain customers. While overall demand remained robust during the quarter, these increased disruptions prevented us from completely fulfilling our strong order... More
