PPG Industries (PPG) Tops Q2 EPS by 7c

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Go back to PPG Industries (PPG) Tops Q2 EPS by 7c

PPG reports second quarter 2022 financial results

July 21, 2022 4:11 PM EDT

Record second quarter net sales of $4.7 billion, approximately 8% higher than prior year Organic sales growth of 8%, driven by higher selling prices, which are up by 15% on a two-year stack basis Reported earnings per diluted share from continuing operations (EPS) of $1.86 and adjusted EPS of $1.81 Raw material costs up about 20% year over year; energy and transportation costs remained elevated Sequential improvement in segment operating margins of 200 basis points Share repurchases of $135 million

PITTSBURGH--(BUSINESS WIRE)-- PPG (NYSE: PPG) today reported financial results for the second quarter 2022.

Second Quarter Consolidated... More