in this issue
World News and Views :: Top of the News
PPG’s Income Falls, but Beats Estimates
9:41 AM MDT | October 16, 2008 | Nancy Seewald
PPG Industries reported third-quarter net income of $117 million (70 cts/share), down 39% from the year-ago period. Excluding restructuring and other charges, earnings were $1.37/share, beating analysts’ consensus of $1.28/share as reported by First Call (Boston). Sales rose 37%, to $4.2 billion. The effects of Hurricanes Gustav and Ike took a toll on third-quarter results, although their impact was less severe than the company anticipated. A strike at Boeing, a large PPG customer, and a slowdown in the automotive OEM industry, also dampened third-quarter...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee