- PPG Industries reported adjusted EPS of $1.86 for the first quarter of 2024, surpassing the estimate of $1.85.
- The company’s EPS from continuing operations for the same period was $1.69.
- PPG’s net sales for the quarter marked at $4.31 billion, a marginal miss from the estimated $4.43 billion.
- Net sales from Performance Coatings accounted for $2.61 billion, slightly below the $2.69 billion estimate.
- Industrial Coatings sales reached $1.70 billion for the first quarter, against an estimate of $1.73 billion.
- Operating income from Performance Coatings was lower than the estimated at $402 million versus an estimated $413.9 million.
- Performance Coatings’ margin managed to surpass the estimated by reporting 15.4% against the estimated 15.3%.
- On the other hand, Industrial Coatings’ operating income outperformed the estimate with $249 million against a projected $243.7 million.
- Industrial Coatings’ margin of 14.7% also exceeded the estimate of 14.1%.
- Regarding PPG Industries shares’ buy/sell/hold status, 15 are buy, 12 hold, and 1 sell.
Ppg Industries on Smartkarma
Analysts at Baptista Research on Smartkarma have been closely following PPG Industries, the coatings giant. In their latest report titled “PPG Industries: These Are The 7 Biggest Growth Drivers & 3 Biggest Challenges In Its Path In The Coatings Market! – Major Drivers,” they highlighted the company’s impressive fourth-quarter financial results. PPG Industries reported record sales of $4.4 billion and adjusted earnings per share of $1.53, marking a 25% year-on-year increase. The analyst report pointed to a significant improvement in aggregated segment margin, driving these robust earnings.
In another insightful analysis, Baptista Research discussed PPG Industries’ success in the coatings market in their report “PPG Industries: A Story Of Surging Sales and Dominance in the Coatings Market! – Key Drivers.” The analysts emphasized the company’s strong sales and earnings performance, attributing it to growth in key businesses and a focus on margin enhancement. They noted PPG’s technological edge and innovation focus as key drivers of its success, despite challenges posed by soft global industrial production and cautious consumer spending patterns in certain regions. These reports provide valuable insights for investors seeking to understand PPG Industries’ growth trajectory and market dominance.
A look at Ppg Industries Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.6 |
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 well-positioned for the long term according to Smartkarma’s Smart Scores. With a moderate Value score of 2, PPG Industries offers investment potential at a reasonable price. Its respectable Dividend score of 3 indicates a stable income stream for investors, further enhanced by a Growth score of 3, reflecting promising future prospects. In terms of Resilience, PPG Industries secures a score of 2, highlighting its ability to withstand market challenges. Moreover, the company exhibits Momentum with a score of 3, suggesting positive market sentiment and performance.
PPG Industries, Inc. is a global supplier of products across various industries such as manufacturing, construction, automotive, and chemical processing. The company’s diverse product portfolio includes protective and decorative coatings, flat glass, fabricated glass products, continuous-strand fiber glass products, and a range of industrial and specialty chemicals. With a balanced mix of financial indicators, PPG Industries appears to be positioned for continued growth and stability in the long run.
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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