PPG Reports Record Third Quarter 2020 Financial Results

Go back to PPG Reports Record Third Quarter 2020 Financial Results

PPG Industries (PPG) Tops Q3 EPS by 1c, Revenues Beat

October 19, 2020 4:16 PM EDT

PPG Industries (NYSE: PPG) reported Q3 EPS of $1.93, $0.01 better than the analyst estimate of $1.92. Revenue for the quarter came in at $3.7 billion versus the consensus estimate of $3.65 billion.

Net sales of about $3.7 billion, 4% lower than the prior yearNet sales continued to be impacted by the economic effects of the COVID-19 pandemicRecord reported earnings per diluted share from continuing operations (EPS) of $1.86 and adjusted EPS of $1.93Strong aggregate segment operating margins compared to the third quarter 2019, supported by sales volume recovery and ongoing cost management actionsQuarterly operating cash flow... More