PPG reports record Q4 sales $4.35B, adj. EPS $1.53 (+25%); guides FY 2024 adj. EPS $8.34-$8.59

PPG INDUSTRIES INC

2023-FY EPS reported $5.35 revenue$18,246,000,000

Q4 net sales $4.35B (+4% YoY); adjusted EPS $1.53 (+25% YoY).
Full-year record net sales $18.2B, record adjusted EPS $7.67, record operating cash flow $2.4B.
Segment margin improved 260 bps YoY in Q4; Industrial Coatings segment income up 48%.
Q4 reported EPS includes $0.67 non-cash goodwill impairment for Traffic Solutions.
Guidance: Q1 2024 adj. EPS $1.80-$1.87; FY 2024 adj. EPS $8.34-$8.59.

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 fourth quarter and full-year 2023 results: revenue $4.4 billion, EPS $0.38.

Period: the fourth quarter and full-year 2023
Revenue: $4.4 billion
EPS: $0.38
Result: reported results

Exact text from the filing

PPG reports fourth quarter and full-year 2023 financial results • Fourth quarter highlights include: ◦ Record fourth quarter net sales of $4.4 billion

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PPG INDUSTRIES INC reported the fiscal year ended 2023 results: revenue $18.2 billion, EPS $5.35.

Period: the fiscal year ended 2023
Revenue: $18.2 billion
EPS: $5.35
Result: reported results

Exact text from the filing

Full-year 2023 highlights include: ◦ Record sales of $18.2 billion; aided by 3% organic sales growth ◦ EPS of $5.35 and record adjusted EPS of $7.67

View on SEC.gov

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PPG INDUSTRIES INC filing history →

Source: SEC EDGAR

accession 0000079879-24-000012

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