PPG Industries (NYSE: PPG) reported earnings on July 18. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 30 (Q2), PPG Industries met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share grew. GAAP earnings per share was unchanged.

Gross margins increased, operating margins contracted, net margins dropped.

Revenue details
 PPG Industries recorded revenue of $4.10 billion. The 15 analysts polled by S&P Capital IQ foresaw a top line of $4.09 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $2.45. The 21 earnings estimates compiled by S&P Capital IQ predicted $2.36 per share. Non-GAAP EPS of $2.45 for Q2 were 3.8% higher than the prior-year quarter's $2.36 per share. GAAP EPS of $2.35 for Q2 were 0.4% higher than the prior-year quarter's $2.34 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 42.8%, 230 basis points better than the prior-year quarter. Operating margin was 12.8%, 120 basis points worse than the prior-year quarter. Net margin was 8.3%, 90 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $3.97 billion. On the bottom line, the average EPS estimate is $2.30.

Next year's average estimate for revenue is $15.13 billion. The average EPS estimate is $7.92.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 368 members out of 397 rating the stock outperform, and 29 members rating it underperform. Among 129 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 126 give PPG Industries a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on PPG Industries is outperform, with an average price target of $157.78.

Looking for alternatives to PPG Industries? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.