PPG Reports First Quarter 2022 Financial Results

Organic sales growth of about 7%, led by higher selling prices. Components of year-over-year net sales change: higher selling prices (+10%), lower sales volumes (-3%), acquisition-related sales (+7%), unfavorable foreign currency translation (-3%). Our organic sales growth of 7% was driven by continued selling price realization and above-market sales volume performance in several of our end-use markets, most notably in automotive refinish and PPG-Comex architectural coatings. On a two-year stacked basis, our selling prices are up about 12% over the first quarter 2020 as we continue to manage through persistent and broad inflation.