---
schema_version: "secwatch.filing_event.v1"
accession: "0000079879-23-000060"
form_type: "8-K"
ticker: "PPG"
cik: "0000079879"
company_name: "PPG INDUSTRIES INC"
filed_at: "2023-10-18T23:59:59+00:00"
generated_at: "2026-06-09T22:13:38.733138+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# PPG beats Q3: record $4.6B sales, adj EPS $2.07; raises FY guidance

## Summary
- Q3 net sales $4.644B (+4% YoY), adj EPS $2.07 (+25% YoY), both records.
- Segment margin up 260 bps YoY, fourth consecutive quarter of improvement.
- YTD operating cash flow >$1.5B, up >$1.1B vs prior year.
- FY2023 adj EPS guidance raised to $7.58-7.64; Q4 adj EPS guided $1.44-1.50.
- Performance Coatings income +25% ($452M); Industrial Coatings +28% ($246M).

## SEC filing metadata
- accession: 0000079879-23-000060
- form_type: 8-K
- ticker: PPG
- cik: 0000079879
- company_name: PPG INDUSTRIES INC
- filed_at: 2023-10-18T23:59:59+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/79879/000007987923000060/0000079879-23-000060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/79879/000007987923000060/ppg-20231018.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000079879-23-000060
- JSON: https://secwatch.observer/filing/0000079879-23-000060.json
- Plain text: https://secwatch.observer/filing/0000079879-23-000060.txt

## Key facts
- Earnings Releases
  PPG INDUSTRIES INC updated its full-year guidance (raised).
  - Period: full-year
  - Guidance: raised
  - Result: guidance update
  source text: PPG reports third quarter financial results; raises full-year EPS guidance
  evidence_url: https://www.sec.gov/Archives/edgar/data/79879/000007987923000060/0000079879-23-000060-index.htm
- Earnings Releases
  PPG INDUSTRIES INC reported third quarter 2023 results: revenue $4,644, net income $426, EPS $1.79. Guidance raised.
  - Period: third quarter 2023
  - Revenue: $4,644
  - Net income: $426
  - EPS: $1.79
  - Guidance: raised
  - Result: reported results
  source text: – PPG (NYSE:PPG) today reported financial results for the third quarter 2023. Third Quarter Consolidated Results $ in millions, except EPS 3Q 2023 3Q 2022 Y-O-Y change Net sales $4,644 $4,468 +4% Net income $426 $329 +29% Adjusted net income (a) $493 $393 +25% EPS $1.79 $1.39 +29% Adjusted EPS (a) $2.07 $1.66 +25% (a) Reconciliations of reported to adjusted
  evidence_url: https://www.sec.gov/Archives/edgar/data/79879/000007987923000060/0000079879-23-000060-index.htm

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