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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.

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