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
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q1 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported first quarter 2024 earnings results today. Net sales increased 6.2% year-over-year to $5.06 billion. Organic sales increased 9.8%. Net income attributable to Colgate-Palmolive Company was
Microsoft (MSFT) reports higher revenue and profit for Q3 2024
Microsoft Corp. (NASDAQ: MSFT) on Thursday said its third-quarter 2024 earnings increased year-over-year, reflecting strong performance by the tech giant’s main operating segments. Third-quarter revenues came in at $61.86 billion,
GOOG, GOOGL Earnings: All you need to know about Alphabet’s Q1 2024 earnings results
Alphabet Inc. (NASDAQ: GOOG, GOOGL) reported its first quarter 2024 earnings results today. Revenues increased 15% year-over-year to $80.5 billion. Revenue growth was 16% in constant currency. Net income was