PPG Industries (PPG) Revenue — Quarter Ended Mar 31, 2023
Revenue increased compared to both the prior quarter and the same quarter last year. The sequential growth was substantial, while the annual increase was more modest.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue increased compared to both the prior quarter and the same quarter last year. The sequential growth was substantial, while the annual increase was more modest.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.4B
Revenue reported for this quarter.
Quarter-over-quarter
+104.0%
Change from the immediately preceding quarter.
Year-over-year
+1.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$15.7B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $4.7B | +7.6% |
| Sep 30, 2022 | $4.5B | +2.2% |
| Dec 31, 2022 | $2.1B | -48.8% |
| Mar 31, 2023 | $4.4B | +1.7% |
Revenue performance
Revenue improved from the immediately preceding quarter and also edged higher relative to the same quarter one year earlier.
Quarterly comparison
The sequential revenue figure represents a sharp reversal from the prior quarter's low, while the year-over-year comparison shows a slight gain.
What to watch
Monitor whether the revenue growth trajectory can be sustained in upcoming quarters.