PPG Industries (PPG) Tops Q1 EPS by 26c; Guides Q2 EPS Below the Street
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PPG Reports First Quarter 2022 Financial Results
April 21, 2022 4:10 PM EDTRecord first quarter net sales of $4.3 billion, 11% higher than prior year Organic sales growth of about 7%, led by higher selling prices Reported earnings per diluted share (EPS) of $0.08 and adjusted EPS of $1.37 Reported results include charges related to operations in Russia of $290 million, primarily non-cash Raw material costs up 25% YOY; energy and transportation costs also elevated Certain supply disruptions moderated during the quarter Completed acquisition of the powder coatings business of Arsonsisi on April 1; balance sheet flexibility remains
PITTSBURGH--(BUSINESS WIRE)-- PPG (NYSE:... More
