PPG Industries Tops Q2 Estimates, Raises FY23 Outlook
Portfolio Pulse from Lekha Gupta
PPG Industries Inc reported Q2 2023 net sales of $4.87 billion, beating the consensus of $4.84 billion. The company witnessed organic sales growth of 4% Y/Y, aided by higher selling prices. Adjusted EPS of $2.25 exceeded the consensus of $2.14. The company raised the adjusted EPS outlook to $7.28 -$7.48, vs consensus of $7.27. PPG also raised the dividend by 4.8% to $0.65.
July 21, 2023 | 9:41 am
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PPG Industries reported strong Q2 results, beating estimates and raising its FY23 outlook. The company also increased its dividend.
PPG Industries reported strong Q2 results, beating estimates for both net sales and EPS. The company also raised its FY23 outlook and increased its dividend, which are positive signals for investors. This could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100