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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 4.75B | 10.5% |
| Gross Profit | 855M | 34% |
| Cost of Revenue | 3.89B | 6.4% |
| Operating expense | 1.27B | 4.1% |
| Net Income | 528M | 32% |
| EBITDA | 880M | 21.4% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 21.7B | 0.6% |
| Total Liabilities | 13.8B | 0.3% |
| Total Equity | 7.77B | 2.2% |
| Shares Outstanding | 235M | 0.5% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 365M | 708.3% |
| Cash from investing | -131M | 45.2% |
| Cash from financing | -150M | 328.6% |
EPS
Financial Highlights for PPG Industries in Q2 '24
PPG Industries reported a revenue of 4.75B, which is a 10.5% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 855M, marking a 34% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 3.89B, a 6.4% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 1.27B, showing a -4.1% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 528M, showing a 32% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 880M, showing a 21.4% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for PPG Industries with growth in revenue, gross profit, and net income.
