Seeking Alpha

More on PPG Industries' (PPG) Q2: Sales and adjusted EPS both hit records thanks to the coatings...

More on PPG Industries' (PPG) Q2: Sales and adjusted EPS both hit records thanks to the coatings businesses which posted 25% Y/Y earnings growth. Economic conditions are "divergent by region," CEO Charles Bunch notes, adding that strong auto production contributed to expansion in North America. The AkzoNobel acquisition had sales of $475M during the period. The company approves a $102M restructuring program aimed at "achieving cost synergies" related to the acquisition and addressing areas where "market conditions remain very challenging." The restructuring charge will be recorded in Q3. Shares -0.36% premarket. (PR)
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|