earnings
confidence high
sentiment neutral
materiality 0.75
PPG reports record Q2 net sales $4.691B, reported EPS $1.86, adjusted EPS $1.81
PPG INDUSTRIES INC
2022-Q2 EPS reported
$1.93
revenue$8,999,000,000
- Organic sales up 8% driven by 12% higher selling prices; two-year stack price gain of 15%.
- Segments: Performance Coatings income $446M (-2% YoY); Industrial Coatings income $156M (-18% YoY). Sequential segment margin improvement of 200 bps.
- Raw material costs up ~20% YoY; share repurchases of $135M; net debt $6.1B.
- Q3 2022 guidance: reported EPS $1.60-$1.85; adjusted EPS $1.75-$2.00 (excl. amortization $0.13 and restructuring $0.02).
- CEO cited double-digit aerospace coatings volume growth and record sales in automotive refinish, PPG-Comex, and traffic solutions.