Categories Earnings, Other Industries

A snapshot of PPG Industries’ Q1 2023 financial results

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

Infographic: Highlights of GameStop’s Q1 2023 earnings report

Video game company GameStop Corp. (NYSE: GME) on Wednesday reported a narrower net loss for the first quarter of 2023 despite a decline in sales. The company posted a net

Adobe’s (ADBE) Q2 report is due on June 15. What to look for?

After entering the new fiscal year on an upbeat note, design software maker Adobe Inc. (NASDAQ: ADBE) is all set to report second-quarter results on June 15, after the closing

Key takeaways from Campbell Soup’s (CPB) Q3 earnings report

Shares of Campbell Soup Company (NYSE: CPB) were down 7% on Wednesday, following the announcement of the company’s third quarter 2023 earnings results. Although earnings beat projections and revenue came

Add Comment
Viewing Highlight