PPG Industries (PPG) Revenue — Quarter Ended Jun 30, 2023
Revenue increased for the quarter, marking a rise compared to both the preceding quarter and the same period last year. The company reported higher net sales.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q1
Revenue increased for the quarter, marking a rise compared to both the preceding quarter and the same period last year. The company reported higher net sales.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.9B
Revenue reported for this quarter.
Quarter-over-quarter
+11.2%
Change from the immediately preceding quarter.
Year-over-year
+13.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$15.9B
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 |
|---|---|---|
| Sep 30, 2022 | $4.5B | +2.2% |
| Dec 31, 2022 | $2.1B | -48.8% |
| Mar 31, 2023 | $4.4B | +1.7% |
| Jun 30, 2023 | $4.9B | +13.1% |
Revenue performance
The reported revenue reflected growth, with improvements over the prior quarter and the year-ago quarter.
Quarterly comparison
Sequentially, revenue grew from the first quarter of the same fiscal year. On a year-over-year basis, revenue also increased from the second quarter of the prior year.
What to watch
Monitor whether revenue growth can be sustained in upcoming quarters.