secwatch.observer — SEC 8-K summary
======================================

Issuer:     PPG INDUSTRIES INC (PPG)
CIK:        0000079879
Form:       8-K
Filed at:   2024-04-18T23:59:59+00:00
Accession:  0000079879-24-000094
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PPG Q1 2024 adjusted EPS $1.86, net sales $4.31B; guides FY adj EPS $8.34-$8.59
-------------------------------------------------------------------------------

- GAAP EPS $1.69 (record), adjusted EPS $1.86; net income $400M up 52% YoY.
- Net sales $4.31B down 2% YoY; organic sales down 2% (1% excl prior year large customer load-in).
- Segment margins improved 60 bps to 15.4% Performance Coatings and 14.7% Industrial Coatings.
- Share repurchases of ~$150M in Q1; net debt $5.0B down $0.8B YoY.
- Q2 adj EPS guidance $2.42-$2.52; FY adj EPS $8.34-$8.59; organic sales growth low single digits.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/79879/000007987924000094/0000079879-24-000094-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/79879/000007987924000094/ppg-20240418.htm
  HTML page:      https://secwatch.observer/filing/0000079879-24-000094

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