PPG Industries (PPG) Revenue — Quarter Ended Sep 30, 2024
Revenue for the reported quarter declined compared to both the preceding quarter and the same quarter a year earlier. The annual decline was more pronounced than the sequential decline.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the reported quarter declined compared to both the preceding quarter and the same quarter a year earlier. The annual decline was more pronounced than the sequential decline.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4B
Revenue reported for this quarter.
Quarter-over-quarter
-4.8%
Change from the immediately preceding quarter.
Year-over-year
-13.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$14.5B
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, 2023 | $2.3B | +9.3% |
| Mar 31, 2024 | $3.8B | -21.0% |
| Jun 30, 2024 | $4.2B | -13.1% |
| Sep 30, 2024 | $4B | -13.2% |
Revenue performance
The company reported lower revenue in the current quarter. This marks a sequential decrease from the prior quarter and a larger decrease from the year-ago period.
Quarterly comparison
Sequentially, revenue declined from the prior quarter. On a year-over-year basis, the decline was steeper, reflecting a weaker comparison with the prior year.
What to watch
The continued revenue decline in both sequential and annual comparisons may signal persistent headwinds.