- PPG Industries reported an adjusted EPS of $2.13, slightly below the estimated $2.14.
- EPS from continuing operations came in at $2.00.
- Net sales totaled $4.58 billion, below the estimated $4.66 billion.
- Performance Coatings net sales were $2.92 billion, compared to the expected $2.95 billion.
- Industrial Coatings net sales reached $1.65 billion, falling short of the $1.7 billion estimate.
- Performance Coatings operating income was $513 million, exceeding the estimated $491.3 million.
- Performance Coatings margin was 17.6%, above the projected 16.5%.
- Industrial Coatings operating income was $199 million, less than the estimated $244.3 million.
- Industrial Coatings margin stood at 12%, below the expected 14.4%.
- PPG Industries maintains its full-year 2024 sales and EPS guidance, with expectations for flat organic sales and adjusted earnings per share at the low end of the $8.15 to $8.30 range.
- Analyst recommendations include 15 buys, 13 holds, and 1 sell.
Ppg Industries on Smartkarma
Analyst coverage of PPG Industries on Smartkarma by Baptista Research showcases a positive sentiment towards the company’s performance and strategies. In their report on “PPG Industries: How Are Their Portfolio Changes Impacting Profitability and Growth? – Major Drivers,” the company reported record earnings per share and consistent segment margin improvement despite challenges in certain markets. Similarly, in the analysis titled “PPG Industries: Will Its Strategy Of Portfolio Pruning & Acquisitions Pay Off? – Major Drivers,” the firm demonstrated strong sales and margin growth, reflecting a promising outlook for investors.
In another insightful report, “PPG Industries: These Are The 7 Biggest Growth Drivers & 3 Biggest Challenges In Its Path In The Coatings Market! – Major Drivers,” PPG Industries Inc. showcased strong financial performance driven by effective strategic execution. With record sales and earnings per share increases, the company’s robust results indicate a positive trajectory in the coatings market. These reports provide valuable insights for investors looking to understand PPG Industries’ performance and future prospects.
A look at Ppg Industries Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
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. is a global supplier of products across various industries. The company’s Smartkarma Smart Scores indicate a balanced outlook, with Value, Dividend, and Growth all scoring a moderate 3. This suggests that PPG Industries offers decent value, dividend yield, and growth potential. However, its Resilience score of 2 indicates a slightly lower level of resilience compared to other factors. On the positive side, PPG Industries scores well in Momentum with a strong score of 4, indicating good market momentum and potential for future growth.
Overall, PPG Industries appears to have a solid foundation with room for growth based on its Smartkarma Smart Scores. Investors may find the company attractive due to its balanced performance across key factors such as value, dividend yield, growth potential, and market momentum. With its diverse product offerings in protective coatings, glass products, fiber glass products, and specialty chemicals, PPG Industries is positioned to benefit from opportunities in the manufacturing, construction, automotive, and chemical processing industries.
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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