earnings
confidence high
sentiment positive
materiality 0.65
PPG reports Q3 2024 record EPS of $2.00; adjusted EPS $2.13; maintains FY guidance at low end
PPG INDUSTRIES INC
2024-Q3 EPS reported
$5.93
revenue$13,680,000,000
- Net sales $4.575B, down 1% YoY; organic sales flat.
- Record reported EPS $2.00, up 12% YoY; adjusted EPS $2.13, up 3% YoY.
- Segment margin improved 60 bps YoY; Performance Coatings margin up 190 bps to 17.6%.
- Share repurchases ~$200M in Q3, $500M YTD; quarterly dividend raised 5% in July.
- Maintains FY2024 guidance: organic sales flat, adjusted EPS at low end of $8.15-$8.30.