PPG Industries Outlook Following Q4 Results
<p><a href='https://financialmodelingprep.com/financial-summary/PPG'>PPG Industries, Inc. (NYSE:PPG) </a>reported its Q4 results, with EPS coming in at $1.26, beating the consensus estimate of $1.18. Quarterly revenue of $4.190 billion was driven by year-over-year increases in the selling price of 8%, M&A benefits of around 9%, partially lower sales volumes of -4%.</p>
<p>Analysts at RBC Capital lowered their estimates and price target on the company’s shares to $169 from $174, due to continued raw material inflation (25-30% in Q1), supply chain disruptions and Covid related headwinds, which are all reducing profitability despite robust demand/top-line growth.</p>

NYSE:PPG