PPG Industries (PPG) Revenue — Quarter Ended Jun 30, 2024
Revenue rose compared to the prior quarter but fell relative to the same period one year earlier. The sequential increase followed a significant decline in the preceding quarter, while the annual comparison indicates ongoing headwinds.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue rose compared to the prior quarter but fell relative to the same period one year earlier. The sequential increase followed a significant decline in the preceding quarter, while the annual comparison indicates ongoing headwinds.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.2B
Revenue reported for this quarter.
Quarter-over-quarter
+10.0%
Change from the immediately preceding quarter.
Year-over-year
-13.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$15.1B
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, 2023 | $4.6B | +3.9% |
| Dec 31, 2023 | $2.3B | +9.3% |
| Mar 31, 2024 | $3.8B | -21.0% |
| Jun 30, 2024 | $4.2B | -13.1% |
Revenue performance
The reported revenue direction was higher than the immediately preceding quarter, recovering from a sharp drop. However, the year-over-year comparison remained negative, reflecting a sustained contraction.
Quarterly comparison
Compared to the same quarter one year earlier, revenue was lower. In contrast to the prior quarter, revenue showed improvement, reversing the previous period's decline.
What to watch
The company's ability to maintain sequential momentum while closing the year-over-year gap will be a key focus.