PPG Industries (PPG) PT Lowered to $155 at Deutsche Bank
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PPG Board of Directors authorizes $2.5 billion share repurchase program
April 18, 2024 4:07 PM EDTPITTSBURGH--(BUSINESS WIRE)-- PPG (NYSE: PPG) today announced that its board of directors has authorized the repurchase of $2.5 billion of outstanding common stock. The authorization is effective immediately, does not expire, and gives management discretion in determining the conditions under which shares may be purchased.
This program is in addition to the companys existing share repurchase authorization, which was approved in December 2017 and had approximately $860 million remaining as of March 31, 2024. Repurchases will be made in accordance with applicable securities laws in the open market or in privately negotiated transactions. Repurchases may... More
PPG reports first quarter 2024 financial results
April 18, 2024 4:05 PM EDTRecord reported earnings per diluted share (EPS) of $1.69 and adjusted EPS of $1.86 Net sales of $4.3 billion; organic sales declined 2% versus prior year, down 1% excluding prior year large customer load-in Segment margins improved 60 basis points year over year, the sixth consecutive quarter of margin expansion versus prior year Share repurchases of approximately $150 million
PITTSBURGH--(BUSINESS WIRE)-- PPG (NYSE: PPG) today reported financial results for the first quarter 2024.
First Quarter Consolidated Results
$ in millions, except... More
