---
schema_version: "secwatch.filing_event.v1"
accession: "0000079879-23-000043"
form_type: "8-K"
ticker: "PPG"
cik: "0000079879"
company_name: "PPG INDUSTRIES INC"
filed_at: "2023-07-20T23:59:59+00:00"
generated_at: "2026-06-13T05:58:34.169687+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000079879-23-000043
- form_type: 8-K
- ticker: PPG
- cik: 0000079879
- company_name: PPG INDUSTRIES INC
- filed_at: 2023-07-20T23:59:59+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/79879/000007987923000043/0000079879-23-000043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/79879/000007987923000043/ppg-20230720.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000079879-23-000043
- JSON: https://secwatch.observer/filing/0000079879-23-000043.json
- Plain text: https://secwatch.observer/filing/0000079879-23-000043.txt

## Key facts
- Earnings Releases
  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
  source text: 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)
  evidence_url: https://www.sec.gov/Archives/edgar/data/79879/000007987923000043/0000079879-23-000043-index.htm

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