PPG - PPG Non-GAAP EPS of $1.82 beats by $0.27 revenue of $4.38B misses by $10M

2023-04-20 16:12:56 ET

• PPG press release ( NYSE: PPG ): Q1 Non-GAAP EPS of $1.82 beats by $0.27 .
• Revenue of $4.38B (+1.6% Y/Y) misses by $10M .
• Organic sales growth of more than 5% versus prior year, led by higher selling prices.
• Accelerating margin recovery; operating margins up 380 basis points year over year
• Supply disruptions moderating and manufacturing operations improving
• Operating cash flow improvement of about $400 million year over year.
• Shares +1.45% .

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