PPG pre-announces Q3 adjusted EPS 5-7% below prior guidance of $1.75-$2.00

PPG INDUSTRIES INC

2022-Q3 EPS reported $3.32 revenue$13,467,000,000

Adjusted EPS for Q3 2022 expected 5-7% below low end of $1.75-$2.00 range previously communicated in July.
Sales volumes declined due to softening demand in Europe and lower-than-expected China recovery from pandemic restrictions.
Volume declines were most pronounced in September, reducing benefit from higher selling prices and manufacturing efficiencies.
Raw material cost inflation remains elevated but has begun to moderate in some regions.
Q4 2022 outlook: selling prices up 10-12% YoY, segment earnings growth near 20% YoY; Q3 results on October 19.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.