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    Home > Chemicals Industry > International Chemical > PPG achieves record sales in a row

    PPG achieves record sales in a row

    • Last Update: 2022-09-22
    • Source: Internet
    • Author: User
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      On July 21, PPG announced its financial results for the second quarter of 2022
    The financial report shows that in the second quarter of this year, the company’s net sales were $4.
    7 billion, an increase of about 8% year-on-year, and the seventh consecutive quarter to achieve record quarterly sales; net profit was $440 million, a year-on-year increase of 3%

    In addition, PPG's organic sales rose 8% in the second quarter, and were up 15% over two years, driven by higher selling prices


      PPG delivered sales growth despite weak consumer demand in Europe, combined with severe disruptions from the global pandemic and unfavorable currency translation
    Michael H.
    McGarry, Chairman and Chief Executive Officer of PPG, said: "We achieved record quarterly sales for the seventh consecutive quarter, driven by our continued implementation of real-time sales price increases to fully offset inflation and from recent acquisitions In

    addition, while overall industry demand remains well below pre-pandemic levels, our Aerospace Coatings business has achieved double-digit sales growth and is gaining momentum

      Looking ahead to this year, McGarry is confident: "Potential demand for PPG products in most major regions and end markets is expected to remain stable
    Several of our major business areas are expected to experience strong growth in the second half of the year


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