Earnings

In just a couple of weeks USA equities will start to report the  Q2 financial results

PPG, a global manufacturer of paints, coatings, optical products, specialty materials, glass and fiber glass,  announced its 2016 year financial results, which highlight:

  • Sales from continuing operations $14.8b.
  • Consistent with 2015 despite an unfavorable foreign currency translation impact of approx. $400m or about 3%
  • Sales volumes grew about 1%.
  • Adjusted diluted EPS $5.82,  Up 7% vs. prior year.
  • Able to grow full-year earnings despite modest and uneven global economic growth for second consecutive year
  • Results do not include divested flat glass business financial results, which have been classified as discontinued operations.

Monday January 23, 2017:  PPG's stock price opened at 98.74 US$/share, gapping down from its 99,00 US$/share Friday 22, 20-17  close.

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