secwatch.observer — SEC 8-K summary
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Issuer:     PPG INDUSTRIES INC (PPG)
CIK:        0000079879
Form:       8-K
Filed at:   2023-04-20T23:59:59+00:00
Accession:  0000079879-23-000023
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/79879/000007987923000023/0000079879-23-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/79879/000007987923000023/ppg-20230420.htm
  HTML page:      https://secwatch.observer/filing/0000079879-23-000023

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