PPG posts pricing-led organic growth

- PPG Industries reported its fifth consecutive quarter of year-on-year organic sales growth that management said was driven primarily by pricing while volumes were flat. - Currency added roughly 6% to reported sales and segment EBITDA margin was about 19%, with management warning of higher raw-material, energy and logistics costs. - Management told investors pricing realization and cost actions supported the quarter but said volume recovery remains necessary for cleaner earnings quality. (investing.com 1) (investing.com 2)