PPG's Q1 net sales fell 2% to $4.31bn due to lower sales volumes in industrial and performance coating businesses.
Coatings giant PPG missed Q1 revenue estimates due to lower sales volumes in its industrial and performance coating businesses, causing quarterly net sales to fall 2% to $4.31bn. Analysts had expected $4.43bn. PPG's adjusted earnings for the quarter were $1.86 per share, meeting analysts' expectations. The company reaffirmed its 2024 adjusted earnings per share forecast in the range of $8.34 to $8.59.
April 18, 2024
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