secwatch.observer — SEC 8-K summary
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Issuer:     PPG INDUSTRIES INC (PPG)
CIK:        0000079879
Form:       8-K
Filed at:   2024-07-18T23:59:59+00:00
Accession:  0000079879-24-000163
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PPG Q2 record EPS $2.24 (+9% YoY), adj $2.50 (+11%); margins up 110 bps
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- Net sales $4.79B, reported down 2% due to FX/divestitures; organic sales flat.
- Segment margins improved 110 bps YoY to 18.7% (Performance) and 14.8% (Industrial).
- Share repurchases $150M in Q2, $300M YTD; net debt $5.2B, down $0.4B YoY.
- Q3 adj EPS guidance $2.10-$2.20; FY adj EPS guidance $8.15-$8.30.
- Aerospace coatings organic sales up double-digit; backlog ~$290M; architectural coatings Mexico record sales.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/79879/000007987924000163/0000079879-24-000163-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/79879/000007987924000163/ppg-20240718.htm
  HTML page:      https://secwatch.observer/filing/0000079879-24-000163

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