Recap: PPG Industries Q3 Earnings

Shares of PPG Industries PPG moved higher by 1% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share increased 15.57% year over year to $1.93, which beat the estimate of $1.92.

Revenue of $3,685,000,000 declined by 3.69% from the same period last year, which beat the estimate of $3,650,000,000.

Outlook

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

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

Price Action

52-week high: $138.39

Company's 52-week low was at $69.77

Price action over last quarter: Up 22.66%

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.