PPG Industries (NYSE: PPG) reported earnings on Jan. 19. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), PPG Industries met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded, and earnings per share increased.

Gross margins dropped, operating margins dropped, and net margins were steady.

Revenue details
PPG Industries booked revenue of $3.5 billion. The 10 analysts polled by S&P Capital IQ expected net sales of $3.5 billion. Sales were 4.1% higher than the prior-year quarter's $3.4 billion.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.

EPS details
EPS came in at $1.39. The 16 earnings estimates compiled by S&P Capital IQ averaged $1.28 per share. GAAP EPS of $1.39 for Q4 were 12% higher than the prior-year quarter's $1.24 per share.

Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 37.9%, 40 basis points worse than the prior-year quarter. Operating margin was 8.7%, 30 basis points worse than the prior-year quarter. Net margin was 6.1%, about the same as the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $3.7 billion. On the bottom line, the average EPS estimate is $1.47.

Next year's average estimate for revenue is $15.5 billion. The average EPS estimate is $7.21.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 339 members out of 364 rating the stock outperform, and 25 members rating it underperform. Among 110 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 109 give PPG Industries a green thumbs-up, and one gives 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 $92.23.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.