PPG Industries (PPG) Reports In-Line Q3 EPS

PPG Industries (NYSE: PPG) reported Q3 EPS of $1.52, in-line with the analyst estimate of $1.52. Revenue for the quarter came in at $3.8 billion versus the consensus estimate of $3.74 billion.

“Looking ahead to the fourth quarter, we expect moderate global economic growth to continue. Given the after-effects from the natural disasters, we no longer expect any notable decline in the level of raw material cost inflation for the remainder of this year. We are continuing to work with our customers to address the inflationary environment and expect to realize additional selling price increases. Lastly, we continue to execute on our restructuring program and remain on track to deliver full-year savings of more than $45 million as we continue to manage all aspects toward margin recovery,” McGarry commented.

For earnings history and earnings-related data on PPG Industries (PPG) click here.

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