Quarterly net sales fell about 2% to $4.31 billion from a year earlier. Net sales of PPG's industrial coatings segment fell 3% to $1.70 billion, from $1.75 billion a year earlier, due to lower selling prices and slightly lower sales volumes. Its performance coatings segment's net sales fell about 1% to $2.61 billion in the quarter, hit by lower sales volumes.
The headline numbers for PPG Industries (PPG) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
PPG Industries (PPG) delivered earnings and revenue surprises of 0% and 2.71%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?