PPG Industries: Fourth Quarter Earnings Overview

PPG Industries Announces Fourth-Quarter Financial Results

PPG Industries Inc., headquartered in Pittsburgh, revealed on Tuesday that it earned $300 million during the fourth quarter.

The company reported earnings of $1.33 per share. After excluding expenses tied to mergers, acquisitions, and restructuring, adjusted earnings reached $1.51 per share.

These adjusted earnings did not meet analyst expectations, as a consensus of eight analysts polled by Zacks Investment Research had anticipated $1.57 per share.

However, PPG Industries surpassed revenue forecasts, generating $3.91 billion in sales for the quarter. This figure exceeded the $3.74 billion projected by seven analysts surveyed by Zacks.

For the entire year, PPG Industries posted a net income of $1.58 billion, or $6.94 per share, with total revenue amounting to $15.88 billion.

Looking ahead, the company projects its full-year earnings to fall between $7.70 and $8.10 per share.

Financial data in this article is sourced from Zacks Investment Research and compiled by Automated Insights.