Edition:
India

PPG Industries Posts Q2 Earnings Per Share Of $1.13 From Continuing Operations


Thursday, 18 Jul 2019 

July 18 (Reuters) - PPG Industries Inc ::PPG REPORTS SECOND QUARTER 2019 FINANCIAL RESULTS.Q2 EARNINGS PER SHARE $1.13 FROM CONTINUING OPERATIONS.Q2 EARNINGS PER SHARE ESTIMATE $1.83 -- REFINITIV IBES DATA.SEES Q3 EARNINGS PER SHARE $1.57 TO $1.67.QTRLY ADJUSTED EARNINGS PER DILUTED SHARE FROM CONTINUING OPERATIONS OF $1.85.QTRLY NET SALES OF $4 BILLION, WHICH IS NEARLY 3% LOWER VERSUS PRIOR YEAR."AS WE LOOK AHEAD TO Q3, WE EXPECT INDUSTRY DEMAND IN MANY OF OUR BUSINESSES TO REMAIN SLUGGISH.".Q2 REVENUE VIEW $4.10 BILLION -- REFINITIV IBES DATA.Q3 EARNINGS PER SHARE VIEW $1.67 -- REFINITIV IBES DATA.REAFFIRM OUR FULL YEAR 2019 ADJUSTED EARNINGS-PER-SHARE GROWTH OF 7% TO 10%.EXPECT FULL-YEAR SALES GROWTH OF A LOW-SINGLE-DIGIT PERCENTAGE, BOTH EXCLUDING CURRENCY TRANSLATION IMPACTS..UNFAVORABLE FOREIGN CURRENCY TRANSLATION IMPACTED NET SALES BY MORE THAN 3% IN QUARTER, OR ABOUT $130 MILLION.EXPECT NEW COST MANAGEMENT PROGRAM TO DELIVER $125 MILLION OF SAVINGS UPON COMPLETION.