secwatch.observer — SEC 8-K summary
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Issuer:     PPG INDUSTRIES INC (PPG)
CIK:        0000079879
Form:       8-K
Filed at:   2022-10-11T23:59:59+00:00
Accession:  0000079879-22-000067
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/79879/000007987922000067/0000079879-22-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/79879/000007987922000067/ppg-20221010.htm
  HTML page:      https://secwatch.observer/filing/0000079879-22-000067

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