logo
Plus   Neg
Share
Email

PPG Industries Backs FY19 Outlook - Quick Facts

While reporting financial results for the first quarter, PPG Industries, Inc. (PPG) on Thursday backed its adjusted earnings and sales growth guidance for the full-year 2019. The company also provided earnings outlook for the second quarter.

For fiscal 2019, the company still targets adjusted earnings per share growth of 7 to 10 percent and sales growth of 3 to 5 percent, both excluding currency translation impacts.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $6.24 per share on sales growth of 1.9 percent to $15.66 billion for the year. Analysts' estimates typically exclude special items.

For the second quarter, the company currently expects earnings to be in the range of $1.76 to $1.86 per share, including unfavorable currency translation impacts similar to those realized in the first quarter. Analysts expect earnings of $1.86 per share for the quarter.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Google CEO Sundar Pichai announced Monday a $10 billion Google for India Digitization Fund to help accelerate India's digital economy. The investment is planned over the next five to seven years through equity investments, partnerships, and operational, infrastructure and ecosystem investments. Logistics solutions provider Hi-Crush Inc. (HCR) announced Monday that it has voluntarily filed petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. Hi-Crush has also entered into a Restructuring Support Agreement... Analog Devices, Inc. (ADI) and Maxim Integrated Products, Inc. (MXIM) announced Monday that they have entered into a definitive agreement under which ADI will acquire Maxim in an all stock transaction that values the combined enterprise at over $68 billion. The transaction, which was unanimously approved...
Follow RTT