Overall sales up 11% over 2021. Inflation drives raw material costs up 25% year-over-year.
PPG (NYSE:PPG) reported April 21 that it had record first quarter net sales of $4.3 billion for the first quarter 2022. The result was 11% higher than the previous year. Sales were up due to higher selling prices (+10%), lower sales volumes (-3%), the addition of acquisition-related sales (+7%) and unfavorable foreign currency translation (-3%).
The company reported earnings per diluted share (EPS) of $0.08 and adjusted EPS of $1.37 for the quarter including charges related to operations in Russia of $290 million that were primarily
Subscribers need to be logged in to see rest of this article. Please Login to access. If you're not a subscriber, click here for information on our satisfaction guaranteed subscription options.