PPG Industries Tops Quarterly Profit and Revenue Estimates
PPG reported sales of $3.93 billion for the first quarter, driven by price hikes and aerospace demand. The firm maintained its full-year earnings forecast.
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PPG INDUSTRIES INC reported Q1 net sales of $3.93 billion, beating LSEG estimates of $3.85 billion. Revenue rose 7% year-over-year as the United States manufacturer used price hikes to offset rising logistics costs. Strong demand in aerospace and marine coatings suggests industrial resilience despite volatile petrochemical markets and supply chain pressures.
