PPG - PPG Non-GAAP EPS of $2.25 beats by $0.11 revenue of $4.87B beats by $30M

2023-07-20 16:10:01 ET

• PPG press release ( NYSE: PPG ): Q2 Non-GAAP EPS of $2.25 beats by $0.11 .
• Revenue of $4.87B (+3.8% Y/Y) beats by $30M .
• Organic sales growth of 4% year over year Y/Y, led by higher selling prices.
• Significant progress on margin recovery; segment margins up 330 basis points Y/Y
• Strong year-to-date operating cash flow of about $620 million; up about $750 million Y/Y.
• Q3 Outlook: Total organic sales up low single digit % YOY; Adjusted EPS $1.85 – $1.95.
• 2023 Outlook: Adjusted EPS $7.28 - $7.48.
• Shares -0.81% .

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