PPG Industries (PPG) Revenue — Quarter Ended Dec 31, 2023
Revenue declined sharply sequentially but rose compared to the same quarter a year earlier. This mixed performance reflects both seasonal patterns and year-over-year growth.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue declined sharply sequentially but rose compared to the same quarter a year earlier. This mixed performance reflects both seasonal patterns and year-over-year growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.3B
Revenue reported for this quarter.
Quarter-over-quarter
-49.5%
Change from the immediately preceding quarter.
Year-over-year
+9.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$16.2B
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 |
|---|---|---|
| Mar 31, 2023 | $4.4B | +1.7% |
| Jun 30, 2023 | $4.9B | +13.1% |
| Sep 30, 2023 | $4.6B | +3.9% |
| Dec 31, 2023 | $2.3B | +9.3% |
Revenue performance
The quarter’s revenue was significantly lower than the preceding quarter, yet above the level reported for the same period last year.
Quarterly comparison
Compared to the immediately preceding quarter, revenue decreased substantially. Versus the same quarter one year earlier, revenue increased.
What to watch
The steep sequential decline warrants monitoring for any structural shifts beyond typical seasonality.