NYSE$PPG

PPG Industries Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

PPG Q2 2024 — $4.80B revenue, 2.25 EPS

June 30, 2024 and the trends in these unaudited condensed consolidated financial statements may not necessarily be indicative of the results to be expected for the full year. PPG Industries Inc reported Q2 2024 results. Diluted EPS came in at $2.25. Net income of $2.0M. Headline numbers extracted from the Form 10-Q press release; narrative is light because this row was processed without an LLM call.

  • Revenue: $4.80B.
  • Diluted EPS: $2.25.
  • Net income: $2.0M.

Headline financials

Total Revenue

$4.79B

Previous: $4.87B-1.6%
EPS

$2.24

Previous: $2.25-0.4%
Capital Expenditures

-$374M

Previous: $122M-406.6%
Free Cash Flow

$154M

Previous: $414M-62.8%
Net Income

$528M

Previous: $490M+7.8%
Operating Income

$829M

Previous: $687M+20.7%
Gross Profit

$2.06B

Previous: $2.01B+2.7%
Cash & Equivalents

$1.13B

Previous: $1.23B-7.9%
Total Assets

$21.7B

Previous: $22.2B-2.2%
R&D Expense

$111M

No prior period
Stock-Based Comp

$10M

Previous: $17M-41.2%

Revenue & EPS history

PPG · Revenue · Quarterly

$4.79B

Q2 2024-1.6%vs Q2 2023
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

PPG · $4.13B total across 3 segments · Q3 2023

  • Industrial Coatings
    $1.77B
  • Performance Coatings
    $1.32B
  • Architectural Coatings
    $1.04B

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2024

Historical avgQ2 2024

+0.1%

Avg return

Earnings day

-0.6%

Avg return

5 days after

+0.1%

Avg return

30 days after

46%

33 / 72 earnings

Positive

+11.0%

Q1 2021

Best reaction

-6.9%

Q2 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.4%+3.0%-4.7%
Q4 2025+2.1%+5.6%+11.8%
Q3 2025-5.9%-9.8%-5.0%
Q1 2025+4.9%+6.2%+6.7%
Q4 2024-6.0%-8.3%-7.8%
Q3 2024+1.1%-0.8%-5.7%
Q2 2024-4.3%-5.3%-8.5%
Q1 2024-3.0%-3.4%-0.4%
Q4 2023-1.2%-0.4%-0.8%
Q3 2023-5.4%-5.9%+3.4%
Q2 2023-0.6%-2.2%-7.1%
Q1 2023+1.0%-0.1%+1.3%
Q4 2022+2.5%+2.5%+1.7%
Q3 2022-3.2%-3.5%-0.2%
Q2 2022+6.4%+5.1%+9.9%
Q1 2022+0.9%-4.4%-9.1%
Q4 2021-4.2%-4.7%-7.4%
Q3 2021+3.8%+0.7%+1.2%
Q2 2021-6.9%-4.3%-3.3%
Q1 2021+11.0%+12.0%+18.7%
Q4 2020-4.7%-2.4%-5.5%
Q3 2020-1.8%-2.1%+4.1%
Q2 2020-3.2%-4.7%+2.9%
Q1 2020-1.3%-5.1%+10.4%
Q4 2019-1.7%-3.7%-8.1%
Q3 2019+4.4%+5.3%+8.9%
Q2 2019+0.8%+2.0%-5.1%
Q1 2019-0.1%+0.2%-4.8%
Q4 2018+2.8%+1.8%+6.4%
Q3 2018+3.3%+2.6%+9.2%
Q2 2018-1.6%-0.7%+1.6%
Q1 2018-3.8%-6.6%-7.3%
Q4 2017+3.4%+2.4%+1.4%
Q3 2017+4.3%+4.0%+0.8%
Q2 2017-6.4%-5.7%-10.1%
Q1 2017+0.9%+5.5%+1.6%
Q4 2016+2.4%+5.3%+5.9%
Q3 2016-0.2%-1.4%+2.8%
Q2 2016-2.2%-3.0%-4.8%
Q1 2016-2.5%
Q4 2015-0.4%
Q3 2015+3.5%
Q2 2015-4.4%
Q1 2015-0.3%
Q4 2014+1.5%
Q4 2008-1.2%
Q3 2014+3.7%
Q4 2011-0.0%
Q2 2014+1.8%
Q1 2014+2.6%
Q4 2013-0.6%
Q3 2013+5.8%
Q2 2013+1.5%
Q1 2013+6.9%
Q4 2012-1.4%
Q3 2012-1.0%
Q2 2012+9.3%
Q1 2012+2.8%
Q4 2010+2.4%
Q3 2011-5.3%
Q2 2011-2.9%
Q1 2011-0.9%
Q4 2009+1.6%
Q3 2010+1.2%
Q2 2010+1.7%
Q1 2009-3.3%
Q1 2010+0.7%
Q4 2007+1.1%
Q3 2009-0.6%
Q3 2008-0.6%
Q2 2008+0.0%
Q2 2009+0.0%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro