PPG Industries (PPG) Misses Q2 EPS by 26c, Revenues Beat
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PPG Reports Second Quarter 2021 Financial Results
July 19, 2021 4:14 PM EDTRecord second quarter net sales of nearly $4.4 billion, about 45% higher than prior year Reported earnings per diluted share (EPS) of $1.80 and adjusted EPS of $1.94 Sales volumes grew about 24% year over year, supported by strong demand recovery across many end-use markets Pervasive raw material supply disruptions drove year-over-year cost inflation of a mid-to-high-teen percentage Selling prices increased 3.5%; additional pricing actions being implemented Completed Tikkurila, Wörwag, and Cetelon acquisitions in the quarter. Five acquisitions completed since December 2020; total annualized revenue of about $1.7 billion
PITTSBURGH--(BUSINESS WIRE)-- PPG (NYSE:... More
