secwatch.observer — SEC 8-K summary
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Issuer:     PPG INDUSTRIES INC (PPG)
CIK:        0000079879
Form:       8-K
Filed at:   2022-07-21T23:59:59+00:00
Accession:  0000079879-22-000044
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PPG reports record Q2 net sales $4.691B, reported EPS $1.86, adjusted EPS $1.81
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/79879/000007987922000044/0000079879-22-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/79879/000007987922000044/ppg-20220721.htm
  HTML page:      https://secwatch.observer/filing/0000079879-22-000044

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