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PPG Reports Third Quarter 2021 Financial Results 10/20/2021 • Record third quarter net sales of nearly $ 4.4 billion , about 19 % higher than prior year • Organic sales growth led by higher selling prices of nearly 6 % . Reported earnings per diluted share ( EPS ) of $ 1.43 and adjusted EPS of $ 1.69 • Increased supply disruptions negatively impacted sales and manufacturing costs • Raw material cost inflation of about 25 % year - over - year • Plan to execute share repurchases in the fourth quarter ; continue to evaluate potential bolt - on acquisitions PITTSBURGH -- ( BUSINESS WIRE ) -- PPG ( NYSE : PPG ) today reported financial results for the third quarter 2021 . Third Quarter Consolidated Results $ in millions , except EPS 3Q 3Q Y - O - Y 2021 2020 change Net sales * $ 4,372 $ 3,685 + 19 % Net Income $ 344 $ 442 -22 % Adjusted Net Income ** $ 406 $ 481 -16 % EPS $ 1.43 $ 1.86 -23 % Adjusted EPS ** $ 1.69 $ 2.03 -17 % * Components of year - over - year net sales change : higher selling prices ( + 6 % ) , lower sales volumes ( -2 % ) , acquisition - related sales ( + 13 % ) , favorable foreign currency translation ( + 2 % ) ** Detailed reconciliations of the reported to the adjusted figures are included below Chairman and CEO Comments Michael H. McGarry , PPG chairman and chief executive officer , commented on the quarter :