PPG - PPG Non-GAAP EPS of $1.37 beats by $0.26 revenue of $4.31B beats by $70M

PPG press release (NYSE:PPG): Q1 Non-GAAP EPS of $1.37 beats by $0.26. Revenue of $4.31B (+11.1% Y/Y) beats by $70M. Organic sales growth of about 7%, led by higher selling prices. Q2 2022 Guidance: Aggregate sales volumes down a low-to-mid-single-digit percentage on a year-over-year basis. Corporate expenses are expected to be $60 million to $70 million Net interest expense is expected to be $26 million to $30 million Effective tax rate of 23% to 24% Reported EPS of $1.44 to $1.74 Adjusted EPS $1.60 to $1.90, excluding amortization expense of $0.14 and costs related to previously approved and communicated business restructuring of $0.02.

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PPG Non-GAAP EPS of $1.37 beats by $0.26, revenue of $4.31B beats by $70M