PPG Industries (PPG) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - PPG Industries reported revenue of $4.58 billion for Q3 2024, a year-over-year decline of 1.5%, with an EPS of $2.13 compared to $2.07 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $4.65 billion, resulting in a surprise of -1.67%, while the EPS also missed the consensus estimate of $2.15 by -0.93% [1] Financial Performance Metrics - Net Sales for Industrial Coatings were $1.65 billion, below the estimated $1.69 billion, reflecting a year-over-year decline of 6.2% [3] - Net Sales for Performance Coatings reached $2.92 billion, slightly below the estimated $2.96 billion, with a year-over-year increase of 1.4% [3] - Segment Income for Industrial Coatings was reported at $199 million, significantly lower than the estimated $245.41 million [3] - Segment Income for Performance Coatings was $513 million, exceeding the average estimate of $488.82 million [3] Stock Performance - PPG Industries' shares have returned +1.9% over the past month, compared to the Zacks S&P 500 composite's +3.5% change [4] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [4]