Articles Tagged with ''quarterly reports''

In a weak economic environment, the company achieved its EBITDA-guidance for the second quarter of 2023 of EUR 330 million to EUR 430 million.

The company had a sales decline by 24.7% to €17.3 billion, and EBIT before special items was down by €1.3 billion to €1.0 billion.

The housing and infrastructure products segment provided earnings stability according to the company's quarterly release. 

The results show consolidated net sales increased 6.3% in the quarter to a record $6.24 billion, and net sales from stores in United States and Canada open more than 12 calendar months increased 9.5% in the quarter, among other key takeaways. 

The company’s second quarter results deliver on expectations with resilient volumes, profits up, and a strong free cash flow.

"Overall, we have recorded significant improvement in margins, both sequentially as well as on year‐on‐year basis, aided by strong efforts on driving operational, formulation and sourcing efficiencies and supported by easing inflation in raw material prices,” said Amit Syngle, Managing Director & CEO of Asian Paints Limited.

Results show that the second quarter was only slightly better than the first as a result of an economic environment that remains difficult.

PPG announced details for its second quarter 2023 earnings release and teleconference call which will include a live, listen-only call including various PPG personnel. 

The company's last cash dividend increase of 5.0% in October 2022 marked the 49th consecutive year of increased cash dividends paid to its stockholders, placing it in an elite category of less than half of 1% of all publicly traded U.S. companies.