PPG Provides Guidance

Earnings of PPG Industries for the fourth quarter are forecast to be between 55 and 60 cents a share, according to Raymond W.

LeBoeuf, chairman and chief executive officer.

First Call's current estimate range for PPG is 70 cents to 83 cents. Per share earnings in the fourth quarter of 2001 were 49 cents.

"Sales and earnings for the quarter will be ahead of last year's fourth quarter, primarily in coatings and chemicals. Nevertheless, the continued slowdown in overall industrial production continues to dampen our earnings performance," LeBoeuf said.

"Typically, several of our businesses experience seasonal slowdowns in the fourth quarter, such as architectural coatings and optical products. We are also experiencing slower-than-expected increases in our commodity chemical prices."

Pittsburgh-based PPG is a global supplier of coatings, glass, fiber glass and chemicals, with 120 manufacturing facilities and equity affiliates in 23 countries. Sales in 2001 were $8.2 billion.

600450 PPG Provides Guidance glassonweb.com

See more news about:

Others also read

Canadian window and door manufacturer, Durabuilt, transforms award-winning windows into high-performing, water-repellent surface with Diamon-Fusion easy-to-clean coating.
Pilkington OptiView™ Protect OW is a special anti-reflective glass that enhances the appearance of the products on display.
Specifiers can order 4-by-6 and 12-by-12-inch samples at samples.vitroglazings.com
"Right product, right place" - this is the motto of the NSG Group's trade fair presence at BAU 2019.
The continued expansion of construction activities in the GCC region is attracting an increased number of international exhibitors at The Big 5 this year again.
As part of our ongoing partnership and the continuous development, Granada Secondary Glazing has completed another project for Leeds University to decrease heat loss.

From industry

40 Corniche El-Nil,
Al Sharafain Tower Maadi,
Cairo Governorate
11728
Egypt

Is Kuleleri, Kule: 2, Kat: 22, 4. Levent
34330 Levent-Istanbul/İstanbul
Turkey

Portuetxe bidea 18
20018 San Sebastián (Gipuzkoa) Guipúzcoa
Spain

NEWS RELATED PRODUCTS

Diamon-Fusion International, Inc.
Diamon-Fusion International, Inc.
Diamon-Fusion International, Inc.
Diamon-Fusion International, Inc.
Diamon-Fusion International, Inc.
Diamon-Fusion International, Inc.

Add new comment