PPG Revises FY24 Organic Sales Growth Outlook To Flat To Up Low Single Digits (Prior View Up Low Single Digits); Cuts Adj EPS Outlook From $8.34 - $8.59 To $8.15 - $8.30 (Est $8.41)
Portfolio Pulse from Benzinga Newsdesk
PPG Industries has revised its FY24 organic sales growth outlook to flat to up low single digits, down from its prior view of up low single digits. Additionally, the company has cut its adjusted EPS outlook from $8.34 - $8.59 to $8.15 - $8.30, below the estimated $8.41.
July 18, 2024 | 8:11 pm
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PPG Industries has revised its FY24 organic sales growth outlook to flat to up low single digits, down from its prior view of up low single digits. The company also cut its adjusted EPS outlook from $8.34 - $8.59 to $8.15 - $8.30, below the estimated $8.41.
The downward revision in both organic sales growth and adjusted EPS outlook indicates potential challenges for PPG Industries. This is likely to negatively impact investor sentiment and the stock price in the short term.
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