PPG reports Q2 adjusted EPS $2.25, consensus $2.14

Reports Q2 revenue $4.9B, consensus $4.84B. Tim Knavish, PPG president and chief executive officer, commented on the quarter: “The PPG team delivered record sales and earnings in the second quarter driven by our diverse portfolio. While overall global industrial demand was lackluster, several of our technology-advantaged businesses and leading brands once again delivered strong growth. In particular, the aerospace, automotive original equipment manufacturer (OEM), automotive refinish coatings and PPG Comex businesses all achieved record sales during the quarter.”