secwatch.observer — SEC 8-K summary
======================================

Issuer:     PPG INDUSTRIES INC (PPG)
CIK:        0000079879
Form:       8-K
Filed at:   2023-01-19T23:59:59+00:00
Accession:  0000079879-23-000002
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/79879/000007987923000002/0000079879-23-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/79879/000007987923000002/ppg-20230119.htm
  HTML page:      https://secwatch.observer/filing/0000079879-23-000002

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer