PPG: Higher Q3 tax rate to have y/y impacted on adjusted EPS of 7c-9c

In prepared commentary ahead of its earnings conference call, PPG said it expects Q3 corporate expenses of about $90M, with net interest expense of $35M-$37M and an effective tax rate of 23%-24%. This higher effective tax rate is expected to have an unfavorable year-over-year impact on adjusted Q3 EPS of approximately 7c-9c.