PPG reports Q3 adjusted EPS $2.13, consensus $2.08

Reports Q3 reevenue $4.08B, consensus $4.03B. Tim Knavish, PPG (PPG) chairman and chief executive officer, commented on the quarter: “PPG delivered an organic sales increase of 2%, including our third consecutive quarter of sales volume growth in a challenging macro environment. This result reflects the benefits of PPG’s global breadth and the team’s strong commercial execution across our businesses, which is driving share gains. Solid sales improvement, combined with our aggressive cost management, drove an adjusted earnings per share increase of 5% year over year, establishing a third quarter record of $2.13.”