---
schema_version: "secwatch.filing_event.v1"
accession: "0000079879-23-000002"
form_type: "8-K"
ticker: "PPG"
cik: "0000079879"
company_name: "PPG INDUSTRIES INC"
filed_at: "2023-01-19T23:59:59+00:00"
generated_at: "2026-06-20T13:37:46.667924+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PPG Q4 adj EPS $1.22, revenue $4.2B; full-year net income down 28% to $1.03B

## Summary
- Q4 adj EPS $1.22 vs $1.26 YoY; reported EPS $1.01. Revenue $4.185B (+5% constant currency).
- Full-year 2022 net sales record $17.7B (+8% organic); net income $1.03B (-28%), adj net income $1.44B (-11%).
- Performance Coatings segment income up 12% YoY to $272M; Industrial Coatings income up 48% to $155M.
- Q1 2023 guidance: adj EPS $1.10-$1.20, reported EPS $0.95-$1.05; volumes down mid-single-digit % YoY.
- Higher effective tax rate (23% vs 1-5% in prior year) reduced YoY EPS by $0.25.

## SEC filing metadata
- accession: 0000079879-23-000002
- form_type: 8-K
- ticker: PPG
- cik: 0000079879
- company_name: PPG INDUSTRIES INC
- filed_at: 2023-01-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/79879/000007987923000002/0000079879-23-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/79879/000007987923000002/ppg-20230119.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000079879-23-000002
- JSON: https://secwatch.observer/filing/0000079879-23-000002.json
- Plain text: https://secwatch.observer/filing/0000079879-23-000002.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.