in this issue
Markets :: Specialty Chemicals :: Paints and Coatings
PPG earnings up 33%, beat estimates, as volumes rise
9:27 AM MST | January 16, 2014 | Vincent Valk
PPG today reported fourth-quarter net income from continuing operations up 33% year-on-year (YOY), to $254 million, or $1.78/share, on sales up 14%, to $3.7 billion. Adjusted earnings, which excluded $4 million in acquisition-related costs, totaled $1.81/share, ahead of analysts’ consensus estimate of $1.73/share, as reported by Thomson Reuters (New York). Earnings growth was a result of “our continuing operating and cost discipline are now being coupled with a higher level of organic sales growth,” says PPG chairman and CEO Charles Bunch...
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