PPG Industries, Inc. (NYSE: PPG), a leading manufacturer of paints, coatings, and specialty materials, on Friday, reported higher sales and net profit for the first quarter of 2023.
- First-quarter net sales increased 2% year-over-year to a record high of $4.38 billion
- Net income was $264 million or $1.11 per share in the March quarter, compared to $18 million or $0.08 per share a year earlier
- On an adjusted basis, earnings increased 33% annually to $1.82 per share during the three-month period
- The company had cash and short-term investments totaling nearly $1.5 billion at the end of the quarter
- For the second quarter, the company expects reported earnings per share to be in the range of $1.92 to $2.02
- Adjusted earnings per share, excluding amortization expense, is expected to be between $2.05 and $2.15 in Q2
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
GIS Earnings: All you need to know about General Mills’ Q2 2025 earnings results
General Mills, Inc. (NYSE: GIS) reported its second quarter 2025 earnings results today. Net sales increased 2% year-over-year to $5.2 billion. Organic sales were up 1%. Net earnings attributable to
Earnings Preview: Accenture (ACN) likely had a strong start to fiscal 2025
For Accenture plc. (NYSE: ACN), 2024 was a fruitful year marked by positive financial performance. The professional service firm effectively navigated a challenging market environment leveraging its agile business model
Signet Jewelers (SIG): Fashion remains a strong point for the jewelery retailer
Shares of Signet Jewelers Limited (NYSE: SIG) were down over 3% on Tuesday. The stock has dropped 12% over the past three months. The company faced challenges in the third
