- PPG Industries’ adjusted EPS for the fourth quarter was $1.61, falling short of the estimate of $1.65.
- Earnings per share from continuing operations were 1.0 cents.
- Net sales reached $3.73 billion, below the expected $4.07 billion.
- Performance Coatings net sales were $1.26 billion, significantly lower than the $2.47 billion anticipated.
- Industrial Coatings net sales were slightly below estimates at $1.59 billion, against an expectation of $1.61 billion.
- Performance Coatings generated an operating income of $259 million, compared to the expected $374.8 million.
- Performance Coatings margin was stronger than expected at 20.5%, while the estimate was 15.3%.
- Industrial Coatings operating income was $185 million, just under the forecasted $200.2 million.
- Industrial Coatings margin was 11.7%, slightly below the estimate of 12.4%.
- The company anticipates low single-digit organic sales growth for the year, with stronger performance expected in the latter half due to market share gains.
- Analysts’ recommendations include 14 buys and 15 holds, with no sell ratings.
Ppg Industries on Smartkarma
Analyst coverage of PPG Industries on Smartkarma by Baptista Research delves into the key risks and drivers for the paints and coatings giant. The research report highlights PPG’s recent third-quarter 2024 financial results, showcasing a mix of achievements and challenges. With sales amounting to $4.6 billion, the company revealed a segment margin improvement for the eighth consecutive quarter. Impressively, adjusted earnings per diluted share soared to a record $2.13, marking a 3% increase from the previous year, despite hurdles such as an unfavorable tax rate.
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. offers a mixed outlook for investors based on Smartkarma Smart Scores evaluation. With moderate scores across the board in areas such as value, dividend, growth, and momentum, the company appears to be positioned steadily for the long term. However, its resilience score lags slightly behind, indicating a potential area of concern that investors may want to keep an eye on. Overall, PPG Industries provides a range of products for various industries globally, including coatings, glass products, and chemicals, suggesting a diversified business model that could offer 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.
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