PPG reports record Q2 net sales of $4.87B; raises FY adjusted EPS guidance to $7.28-$7.48

PPG INDUSTRIES INC

2023-Q1 EPS reported $3.18 revenue$9,252,000,000

Record quarterly net sales $4.872B (+4% YoY); organic sales +4% led by higher selling prices.
GAAP EPS $2.06 (+11% YoY); adjusted EPS $2.25 (+24%); segment margins up 330 bps.
Strong cash flow: YTD operating cash flow ~$620M, up ~$750M vs prior year.
Aerospace, automotive OEM, refinish, and PPG Comex achieved record sales in the quarter.
Full-year 2023 adjusted EPS guidance raised to $7.28-$7.48 per share; Q3 outlook $1.85-$1.95.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PPG INDUSTRIES INC reported the second quarter 2023 results: revenue $4,872, net income $490, EPS $2.06. Guidance raised.

Period: the second quarter 2023
Revenue: $4,872
Net income: $490
EPS: $2.06
Guidance: raised
Result: reported results

Exact text from the filing

PPG (NYSE:PPG) today reported financial results for the second quarter 2023. Second Quarter Consolidated Results $ in millions, except EPS 2Q 2023 2Q 2022 Y-O-Y change Net sales $4,872 $4,691 +4% Net income (a) $490 $443 +11% Adjusted net income (a)(b) $534 $430 +24% EPS (a) $2.06 $1.86 +11% Adjusted EPS (a)(b) $2.25 $1.81 +24% (a) From continuing operations (b)

View on SEC.gov

Browse all earnings releases →

PPG INDUSTRIES INC filing history →

Source: SEC EDGAR

accession 0000079879-23-000043

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.