Workflow
PPG Industries (PPG) Reports Q4 Earnings: What Key Metrics Have to Say
PPGPPG Industries(PPG) ZACKS·2025-01-31 02:02

Financial Performance - Revenue for the quarter ended December 2024 was 3.73billion,a14.33.73 billion, a 14.3% decrease compared to the same period last year [1] - EPS for the quarter was 1.61, up from 1.53intheyearagoquarter[1]TherevenuemissedtheZacksConsensusEstimateof1.53 in the year-ago quarter [1] - The revenue missed the Zacks Consensus Estimate of 4.01 billion by -6.90% [1] - EPS missed the consensus estimate of 1.65by2.421.65 by -2.42% [1] Key Metrics Analysis - Net Sales for Industrial Coatings were 1.59 billion, matching the average estimate but representing an 8.6% year-over-year decline [4] - Net Sales for Performance Coatings were 1.26billion,significantlybelowthe1.26 billion, significantly below the 2.42 billion estimate and showing a 51.7% year-over-year decrease [4] - Segment Income for Industrial Coatings was 185million,slightlybelowthe185 million, slightly below the 193.54 million estimate [4] - Segment Income for Performance Coatings was 259million,wellbelowthe259 million, well below the 390 million estimate [4] Stock Performance - PPG Industries' shares returned +2.5% over the past month, outperforming the Zacks S&P 500 composite's +1.2% change [3] - The stock currently has a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]