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Market Overview

PPG Industries: Q4 Earnings Insights

Share:

Shares of PPG Industries (NYSE:PPG) fell 3.61% in after-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share were up 21.37% over the past year to $1.59, which beat the estimate of $1.58.

Revenue of $3,757,000,000 rose by 2.31% from the same period last year, which beat the estimate of $3,590,000,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

PPG Industries hasn't issued any revenue guidance for the time being.

Technicals

Company's 52-week high was at $153.81

Company's 52-week low was at $69.77

Price action over last quarter: Up 4.64%

Company Overview

PPG is a global producer of coatings. The company is the world's largest producer of coatings after the purchase of selected AkzoNobel assets. PPG's products are sold to a wide variety of end users, including the automotive, aerospace, construction, and industrial markets. The company has a footprint in many regions around the globe, with less than half of sales coming from North America in recent years. PPG is focused on its coatings and specialty products and expansion into emerging regions, as exemplified by the Comex acquisition.

 

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Posted-In: BZI-RecapsEarnings