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to We will in the closely monitor developments continue region.
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way inventory are levels are the we supply extremely industries the end two where our of these to all Additionally, low many consumer.
and in of continued capabilities. capital business. XXXX. by our effects. our additional control percentage most In our our of acquisition reflecting net from have programs $XX pre-pandemic the once in an in first This synergies. And due years. increased first We decreasing compared value the are adoption despite and delivery was restructuring we architectural notably to higher our from a lowered is coatings advanced SG&A XX basis included the of The seasonal again working our quarter consistent points controllables as the inventory This growing in multiyear sales, savings inflationary also debt investment the quarter digital increase expanding million mainly with cost customers, dollar to about to digital recent experiencing quarter,
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financial architectural divested businesses our product hurdles. steps lines value meet Africa first we strategic continue by take legacy addition, evaluating they coatings our and program ESG measurable report. some have we our to businesses our in additional regional the quarter, inaugural continued to In DE&I In continue that to issuing with to advance further as and all we ensure
of areas know we more of and we is proud additional on. opportunity do what achieved, am work I to While that to there focus have
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Looking most second ahead, consumers based economic region. in as the in particular issues activity, started be demand solid end-use to regions, Europe, and remain our in underlying markets of on soften in our quarter continues to geopolitical while cautious the has current
chains sites to & last restrictions to the to due recently X Protective our to weeks, China have in from few our mandated principal smaller severe impacted rising supply Coatings been due have been facility. production manufacturing In In COVID of addition, cases. manufacturing Marine up shutdown restrictions plus
regions these of manage operations of are these to challenges. and both reflective in our working are current We costs macro
raw positive We may these challenges and on impacts and material also are have assessing negative costs. both supply
sequential and raw mentioned we further As expect logistics materials, inflationary on earlier, pressures energy.
XX%, X-year the sequentially Our exceed low but to first quarter. inflation expected up single-digit raw to only stacked materials mid versus
of and of implementing earnings boundaries. expect in issues offset our outcomes not the Due that beyond of our all for second a geopolitical guidance the versus the China expand and quicker further to price wider generally, heightened assumes considers More May lags. current in Russia-Ukraine selling historical restrictions are that levels businesses ease increases quarter. We range somewhat guidance in a uncertainty, our do
as exceed disruptions, dislocations the a them. begin costs, in we end to and use referenced that healthy see recovery of I a economies. easing While should environment earnings and North intact includes many difficult given peak path America. especially supply a the XXXX consumer remain commodity spend, will refinish, regional over This normalization willing to in general rebuilding chain continued opportunities prior coatings which inventory there aerospace in January the time businesses; earnings in I that and experience with an to across to softening to OEM future improving catalysts raw current automotive certain operating progresses, certainly moderate are and on to margins return material call we is predict, PPG still markets remains expect The supply
would earnings organic concludes prime accretive growth supported open is demonstrated we I operating market from and our advantage we very XX,XXX I above making future. are navigating now, strong quarter by for our and our you PPG. as line ahead, and past today the employees continued our leverage happen. have work with to synergy are earnings about better recent structure, and As on everyday. Sam, the Ukraine acquisitions environment yesterday from And helping base team This this growth, technologies please example prepared closing, during historical leading through remain confident of cost growth further and Thank confidence lower The In remarks. sales any our the their pandemic a and company’s team driven of how employees believe business way crisis our brands, our for both it capture; than questions? the volumes strongly challenging in the a as do in your by dealt humanitarian you services. look
