PPG Q1 EPS $1.83 on $3.93B Revenue Beat; Jamie Beggs Named CFO
PPG Industries reported first-quarter net income of $382 million, or $1.70 per share GAAP and $1.83 adjusted, on revenue of $3.93 billion, topping estimates by $90 million. The company narrowed its full-year EPS forecast to $7.70–$8.10 and named Jamie Beggs as its new CFO.
1. Q1 Net Income and Revenue Performance
PPG Industries achieved net income of $382 million in Q1, translating to GAAP EPS of $1.70 and adjusted EPS of $1.83. Revenue reached $3.93 billion, exceeding analysts’ forecasts by $90 million as all major regions contributed to the top-line beat.
2. Updated Full-Year Earnings Guidance
Following its strong start, PPG narrowed its full-year earnings outlook to a range of $7.70 to $8.10 per share, reflecting confidence in sustained demand for coatings and specialty materials across industrial and consumer markets.
3. Leadership Change in Finance
The board appointed Jamie Beggs as senior vice president and chief financial officer, succeeding Vince Morales. Beggs brings over 20 years of financial leadership experience, most recently overseeing finance and strategy at a global materials firm.