Paints and coatings maker PPG Industries missed Wall Street estimates for third-quarter profit on Wednesday, hurt by lower sales at its industrial coatings unit.
Although the revenue and EPS for PPG Industries (PPG) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
PPG Industries (PPG) came out with quarterly earnings of $2.13 per share, missing the Zacks Consensus Estimate of $2.15 per share. This compares to earnings of $2.07 per share a year ago.
PPG is expected to have benefited from acquisitions, pricing actions and restructuring cost savings in Q3 amid demand weakness.
Besides Wall Street's top -and-bottom-line estimates for PPG Industries (PPG), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
Shaw's position as a leading flooring provider with a large client base offers PPG better market access.
PPG Industries (PPG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The product line of PPG includes precision grain technology, providing rapid cutting, longevity and consistency across a wide range of repairs and substrates.
PPG's global manufacturing footprint and collaborative efforts with OEMs and Tier suppliers allow the business to address crucial difficulties.
PPG Industries stock (NYSE: PPG), a paint, coatings, and specialty materials company, currently trades around $125 per share, about 25% lower than the peak level of over $170 seen in June 2021. PPG has fared much worse than its peer – The Sherwin-Williams Company stock (NYSE: SHW) – up 40% over this period.
PPG's patented flexible epoxy technique ensures outstanding durability and edge retention, lowering the risk of cracking during handling and transit.
Demonstrations of PPG's latest digital technologies will include tools from the PPG LINQ digital ecosystem that improve body shop precision and productivity.