- PPG Industries reported adjusted EPS for Q2 at $2.50, beating the estimate of $2.48.
- EPS from continuing operations was reported at $2.24.
- Net sales came in at $4.79 billion, slightly below the estimate of $4.93 billion.
- Performance Coatings net sales were $3.05 billion, falling short of the $3.12 billion estimate.
- Industrial Coatings net sales were reported at $1.75 billion, underperforming the $1.82 billion estimate.
- Performance Coatings operating income was $570 million, surpassing the estimate of $564.7 million.
- Performance Coatings margin stood at 18.7%, higher than the estimated 18.1%.
- Industrial Coatings operating income was $259 million, below the expected $274 million.
- Industrial Coatings margin was 14.8%, slightly less than the 15% estimate.
- Analyst ratings include 15 buys, 13 holds, and 0 sells.
Ppg Industries on Smartkarma
Analysts at Baptista Research on Smartkarma have been closely following PPG Industries, providing valuable insights on the company’s financial performance and strategic moves. In their report titled “PPG Industries: Will Its Strategy Of Portfolio Pruning & Acquisitions Pay Off? – Major Drivers,” they highlighted the company’s first quarter 2024 earnings, revealing a strong financial position with sales reaching $4.3 billion. PPG Industries also achieved its sixth consecutive quarter of year-on-year segment margin increases, reporting adjusted earnings per diluted share of $1.86, marking the second-best Q1 adjusted EPS in the company’s history.
In another report by Baptista Research, titled “PPG Industries: These Are The 7 Biggest Growth Drivers & 3 Biggest Challenges In Its Path In The Coatings Market! – Major Drivers,” analysts discussed PPG Industries Inc.’s fourth quarter 2023 financial results, emphasizing the strong performance driven by effective strategic execution. The company reported record fourth quarter sales of $4.4 billion and adjusted earnings per diluted share of $1.53, a notable 25% increase year-on-year. The robust earnings were attributed to a significant improvement in aggregated segment margin, showcasing PPG Industries’ resilience and growth potential in the coatings market.
A look at Ppg Industries Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
PPG Industries, Inc., a global supplier of products for various industries, has been assigned an overall positive outlook based on the Smartkarma Smart Scores. With a balanced score across key factors such as Value, Dividend, Growth, Momentum, and Resilience, PPG Industries is positioned for long-term stability and potential growth. The company’s scores indicate a solid foundation in terms of value proposition, dividend offering, growth potential, and market momentum.
PPG Industries’ diversified portfolio of protective and decorative coatings, glass products, fiber glass products, and specialty chemicals provides a strong base for future resilience and innovation. While facing some challenges in terms of resilience according to the Smart Scores, the company’s overall outlook remains optimistic, supported by its consistent performance across key dimensions. Investors looking for a company with a well-rounded profile may find PPG Industries a promising option for long-term investment strategies.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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