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Investing.com -- PPG Industries Inc (NYSE:PPG) saw its shares climb 3.1% in after-hours trading on Thursday after the paints and coatings maker reported first-quarter earnings that exceeded analyst expectations and reaffirmed its full-year outlook.
The Pittsburgh-based company posted adjusted earnings per share of $1.72 for the first quarter, surpassing the analyst consensus of $1.64. Revenue came in at $3.68 billion, slightly above the $3.67 billion estimate.
PPG (WA:IBSP)’s Q1 revenue declined 4% YoY, primarily due to a 3% hit from unfavorable foreign currency translation and a 2% impact from business divestitures. However, organic sales increased 1% versus the prior year, driven by higher sales volumes.
"We are beginning to realize the benefits from our enterprise growth strategy as we delivered positive organic sales growth with increases in both sales volumes and selling prices," said Tim Knavish, PPG chairman and CEO.
The company’s Performance Coatings segment was a bright spot, delivering 9% organic sales growth. This was led by strong performances in aerospace coatings and protective and marine coatings, both of which saw double-digit percentage growth.
Looking ahead, PPG reaffirmed its full-year 2025 adjusted EPS guidance range of $7.75 to $8.05, compared to the analyst consensus of $7.81.
The company’s positive outlook and better-than-expected Q1 results appear to be driving the stock’s after-hours gains, as investors react favorably to PPG’s ability to navigate challenging market conditions.