PPG Industries (PPG) Revenue — Quarter Ended Sep 30, 2023
PPG Industries reported revenue growth compared to the same quarter last year, but a decline from the preceding quarter. The sequential drop follows a strong prior quarter performance.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
PPG Industries reported revenue growth compared to the same quarter last year, but a decline from the preceding quarter. The sequential drop follows a strong prior quarter performance.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.6B
Revenue reported for this quarter.
Quarter-over-quarter
-4.7%
Change from the immediately preceding quarter.
Year-over-year
+3.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$16B
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 |
|---|---|---|
| Dec 31, 2022 | $2.1B | -48.8% |
| Mar 31, 2023 | $4.4B | +1.7% |
| Jun 30, 2023 | $4.9B | +13.1% |
| Sep 30, 2023 | $4.6B | +3.9% |
Revenue performance
Revenue increased year over year, driven by higher net sales compared to the same period a year earlier.
Quarterly comparison
Sequentially, revenue decreased from the immediately preceding quarter, reflecting a moderation after a strong prior period.
What to watch
Monitor whether the sequential revenue decline is a temporary pullback or signals a changing demand trend.