---
schema_version: "secwatch.filing_event.v1"
accession: "0000079879-22-000075"
form_type: "8-K"
ticker: "PPG"
cik: "0000079879"
company_name: "PPG INDUSTRIES INC"
filed_at: "2022-10-19T23:59:59+00:00"
generated_at: "2026-06-23T02:48:35.694281+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PPG Q3 2022: Record sales $4.5B, but EPS misses; guides Q4 adjusted EPS $1.05-$1.20

## Summary
- Record Q3 net sales $4.468B (+2% reported, +8% constant currency); organic sales +9% driven by 12% higher selling prices.
- Reported EPS $1.39, adjusted EPS $1.66 (down 2% YoY); raw material cost inflation ~40% on two-year stack.
- Performance Coatings segment income fell 11% to $362M; Industrial Coatings income rose 37% to $192M on higher prices and volumes.
- Q4 outlook: reported EPS $0.90-$1.05, adjusted EPS $1.05-$1.20; expects improving year-over-year segment margins in Q4 and 2023.
- New restructuring program targeting $70M annualized savings; aerospace and auto refinish order backlogs total ~$200 million.

## SEC filing metadata
- accession: 0000079879-22-000075
- form_type: 8-K
- ticker: PPG
- cik: 0000079879
- company_name: PPG INDUSTRIES INC
- filed_at: 2022-10-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/79879/000007987922000075/0000079879-22-000075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/79879/000007987922000075/ppg-20221019.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000079879-22-000075
- JSON: https://secwatch.observer/filing/0000079879-22-000075.json
- Plain text: https://secwatch.observer/filing/0000079879-22-000075.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.