PPG Industries, Inc.

NYSE:PPG   3:59:59 PM EDT
-1.18 (-0.96%)
Other Pre-Announcement, Special Events, Environmental

PPG Reports Worsening Supply Disruptions, Customer Parts Shortages

Published: 09/07/2021 13:12 GMT
PPG Industries, Inc. (PPG) - Ppg Provides Sales Update and Reports Worsening Supply Disruptions and Customer Parts Shortages.
Ppg Industries Inc - Expects Sales Volumes in Q3 2021 Will Be Lower by $225 Million to $275 Million.
Ppg Industries Inc - Sales Volumes Are Being Impacted by Increasing Disruptions in Commodity Supplies.
Ppg Industries - Sales Volumes Also Impacted by Further Reductions in Customer Production Due to Certain Parts Shortages Such As Semi-conductor Chips.
Ppg Industries - Sales Volumes Also Impacted by Continuing Logistics and Transportation Challenges in Many Regions, Including U.S., Europe and China.
Ppg Industries Inc - Raw Material Inflation for Q3 is Trending Higher Than Previously Communicated by About $60 Million to $70 Million.
Ppg Industries Inc - Continues to Assess Full Impact of Hurricane Ida, Which Could Include Additional Supply Chain Effects.
Ppg Industries Inc - When Supply Conditions Normalize, Company Continues to Expect Strong Sales Growth Into 2022.
Ppg Industries Inc - Elected to Withdraw Previously Communicated Financial Guidance for Q3 and Full-year 2021.