PPG reports record third quarter EPS and raises full-year guidance
PPG achieved record third-quarter EPS of $2.12, raised full-year adjusted EPS guidance to a range of $7.90 to $8.10, and reported net sales of $4.35 billion.
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Global manufacturer of paints, coatings, and specialty materials
ppg.comLast updated
In short: PPG reported record third-quarter EPS, raised full-year guidance, raised its dividend, and expanded manufacturing.
PPG achieved record third-quarter EPS of $2.12, raised full-year adjusted EPS guidance to a range of $7.90 to $8.10, and reported net sales of $4.35 billion.
This marks the 55th consecutive year of annual dividend increases. The payment is payable on December 11 to shareholders of record on November 10.
Net sales grew 7% to $4.5 billion, adjusted EPS was $2.23, and full-year guidance reaffirmed.
The increase of 3 cents reflects confidence in cash flow generation and marks the 512th consecutive payment.
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