PPG sees FY20 adjusted EPS growth 4%-9%, ex-currency, consensus $6.83
Sees FY20 sales growth 1%-3% in constant currencies, including recent acquisitions, consensus $15.61B. Management said, "As we start 2020, we expect organic growth in our Performance Coatings segment to continue as we supply various consumer-facing and aftermarkets where demand remains solid, although segment sales will be impacted due to lower production rates by an aerospace customer. With respect to our Industrial Coatings segment, we anticipate a return to volume growth in the second half of 2020. At the outset of this year, we are beginning to see a modest recovery in China industrial demand, but expect weak general industrial demand to continue in Europe and the U.S. We will continue to aggressively manage our businesses based on these forecasts."