---
schema_version: "secwatch.filing_event.v1"
accession: "0000079879-23-000023"
form_type: "8-K"
ticker: "PPG"
cik: "0000079879"
company_name: "PPG INDUSTRIES INC"
filed_at: "2023-04-20T23:59:59+00:00"
generated_at: "2026-06-16T23:06:32.475423+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# PPG Q1 adjusted EPS $1.82 beats prior year by 33%; record sales $4.38B

## Summary
- Adjusted EPS $1.82 vs $1.37 YoY (+33%); reported EPS $1.11.
- Record net sales $4.38B (+2% YoY); organic sales +5% on 8% higher selling prices.
- Performance Coatings segment income $395M (+24%); Industrial Coatings $240M (+71%).
- Operating margins up 380 bps YoY; operating cash flow improved ~$400M.
- Full-year 2023 adjusted EPS guidance $6.95-$7.25; Q2 adjusted EPS $2.05-$2.15.

## SEC filing metadata
- accession: 0000079879-23-000023
- form_type: 8-K
- ticker: PPG
- cik: 0000079879
- company_name: PPG INDUSTRIES INC
- filed_at: 2023-04-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/79879/000007987923000023/0000079879-23-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/79879/000007987923000023/ppg-20230420.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000079879-23-000023
- JSON: https://secwatch.observer/filing/0000079879-23-000023.json
- Plain text: https://secwatch.observer/filing/0000079879-23-000023.txt

## Key facts
- Earnings Releases
  PPG INDUSTRIES INC reported first quarter 2023 results: revenue $4,380, net income $264, EPS $1.11.
  - Period: first quarter 2023
  - Revenue: $4,380
  - Net income: $264
  - EPS: $1.11
  - Result: reported results
  source text: PPG (NYSE:PPG) today reported financial results for the first quarter 2023. First Quarter Consolidated Results $ in millions, except EPS 1Q 2023 1Q 2022 Y-O-Y change Net sales* $4,380 $4,308 +2% Net income $264 $18 +1,367% Adjusted net income** $432 $327 +32% EPS $1.11 $0.08 +1,288% Adjusted EPS** $1.82 $1.37 +33%
  evidence_url: https://www.sec.gov/Archives/edgar/data/79879/000007987923000023/0000079879-23-000023-index.htm

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