PPG - PPG Non-GAAP EPS of $1.66 beats by $0.01 revenue of $4.47M misses by $4.45B
- PPG press release ( NYSE: PPG ): Q3 Non-GAAP EPS of $1.66 beats by $0.01 .
- Revenue of $4.47M (-99.9% Y/Y) misses by $4.45B .
- The company today reported the following projections for the fourth quarter 2022 based on current global economic activity and in consideration of the near-term economic uncertainty associated with the impact of geopolitical issues in Europe and the continuing pandemic:
- Aggregate sales volumes down a mid-single-digit percentage year over year
- Corporate expenses of between $55 million and $60 million
- Net interest expense of between $35 million and $40 million
- Effective tax rate of about 20%
- Reported EPS of $0.90 to $1.05
- Adjusted EPS of $1.05 to $1.20 vs $1.25 consensus , excluding amortization expense of $0.13 and costs related to previously approved and communicated business restructuring of $0.02.
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PPG Non-GAAP EPS of $1.66 beats by $0.01, revenue of $4.47M misses by $4.45B