04:37 PM EDT, 04/18/2024 (MT Newswires) -- PPG Industries ( PPG ) reported Q1 adjusted earnings late Thursday of $1.86 per diluted share, up from $1.82 a year earlier.

Analysts polled by Capital IQ expected EPS of $1.86.

Net sales for the quarter ended March 31 were $4.31 billion, down from $4.38 billion a year earlier. Analysts expected $4.43 billion.

The company said it expects Q2 adjusted EPS of $2.42 to $2.52. Analysts in a Capital IQ poll expect EPS of $2.55.

For full year 2024, it continues to expect adjusted EPS of $8.34 to $8.59. Analysts in a Capital IQ survey are looking for $8.48.

Additionally, PPG said its board approved a $2.5 billion share buyback program, which is effective immediately and does not expire. It is on top of about $860 million remaining as of March end in the existing repurchase program.