PPG Industries Earnings, Revenue Beat in Q4 Despite Rising Costs By Investing.com

PPG Industries Earnings, Revenue Beat in Q4 Despite Rising Costs

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By Yasin Ebrahim

Investing.com - PPG Industries (NYSE:PPG) reported on Thursday fourth quarter earnings and revenue that beat analysts' forecasts despite ongoing supply disruptions and rising costs.

PPG Industries shares lost 3.3% in after-hours trading following the report.

PPG Industries announced earnings per share of $1.26 on revenue of $4.19 billion. Analysts polled by Investing.com anticipated EPS of $1.18 on revenue of $4.05 billion.

The beat on the bottom line comes even as the company reported that raw material cost inflation was up 30% year over year in the fourth quarter amid ongoing supply disruptions.

Looking ahead to the first quarter 2022, net sales volumes were expected to be down a mid-single-digit percentage on a year-over-year basis, the company said.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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