PPG INDUSTRIES INC

10-K & 10-Q Filings

PPG Industries, Inc. is a global manufacturer of paints, coatings, and specialty materials with a proud heritage and commitment to innovation, sustainability, community engagement, and development of leading-edge technologies. The company was incorporated in Pennsylvania in 1883 and has a vision to be the first-choice partner to meet customers' evolving needs for innovative paints, coatings, and surface solutions to protect and beautify the world. PPG's business strategy involves optimizing investment in research and development to create new products, aligning product development with macro trends, and operating laboratories in close proximity to customers. The company has two reportable business segments: Performance Coatings and Industrial Coatings. Performance Coatings primarily supplies a variety of protective and decorative coatings, adhesives, sealants, finishes, and pavement marking products. Industrial Coatings primarily supplies a variety of protective and decorative coatings, adhesives, sealants, and metal pretreatment products, as well as optical monomers and coatings, low-friction coatings, precipitated silicas, and other specialty materials. PPG's website is www.ppg.com, and its ticker symbol is PPG on the New York Stock Exchange. The company operates numerous facilities worldwide to conduct research and development, manufacture products, and distribute them to customers. Its global footprint allows it to lessen the significance of economic impacts occurring in any one region of the world. The company's human capital management strategies provide the foundation for its teams to thrive and deliver exceptional performance. PPG is committed to ensuring its employees are safe, healthy, enabled, engaged, and valued for the diverse talents they bring to the company. The company's sustainability efforts are overseen by the Sustainability and Innovation Committee of its Board of Directors and include a commitment to reducing greenhouse gas emissions, water withdrawal, and total energy use.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$15062.00
15349.00
15239.00
15620.00
15475.00
14927.00
14904.00
15488.00
15235.00
13902.00
16974.00
17652.00
18246.00
4402.00
4310.00
1.61%-2.09%Cost of Revenue (-)
$
8653.00
7777.00
10286.00
11096.00
10745.00
2596.00
2445.00
-5.82%Gross Profit (+)
$
6582.00
6125.00
6688.00
6556.00
7501.00
1806.00
1865.00
3.27%Selling, General & Administrative (-)
$3234.00
3335.00
3699.00
3758.00
3679.00
3662.00
3570.00
3573.00
3604.00
3389.00
3780.00
3842.00
4222.00
992.00
1064.00
2.25%7.26%Research & Development (-)
$430.00
455.00
488.00
492.00
486.00
466.00
453.00
441.00
432.00
379.00
439.00
448.00
433.00
104.00
109.00
0.06%4.81%Depreciation & Amortization (-)
$467.00
465.00
475.00
476.00
495.00
462.00
460.00
497.00
511.00
509.00
561.00
554.00
558.00
133.00
141.00
1.49%6.02%Non-recurring Operating Expenses (-)
$
208.00
98.00
140.00
197.00
66.00
176.00
267.00
52.00
33.00
190.00
Operating Expenses (-)
$4204.00
4695.00
4950.00
4947.00
4904.00
4965.00
4607.00
4699.00
4821.00
4648.00
4861.00
4877.00
5213.00
1419.00
1314.00
1.81%-7.40%Costs & Expenses (Total) (-)
$4204.00
4695.00
4950.00
4947.00
4904.00
4965.00
4607.00
4699.00
13474.00
12425.00
15147.00
15973.00
15958.00
4015.00
3759.00
11.76%-6.38%Operating Income/Loss (+)
$1765.00
1573.00
1642.00
1870.00
1968.00
926.00
2093.00
1788.00
1761.00
1477.00
1827.00
1679.00
2288.00
387.00
551.00
2.19%42.38%Non-operating Income/Expense (+)
$42.00
39.00
43.00
-267.00
40.00
26.00
20.00
23.00
32.00
23.00
26.00
114.00
-133.00
25.00
42.00
68.00%Interest Expense (-)
$210.00
210.00
196.00
187.00
126.00
125.00
105.00
118.00
132.00
138.00
121.00
167.00
247.00
59.00
55.00
1.36%-6.78%Earnings before Tax (+)
$1597.00
1402.00
1489.00
1416.00
1882.00
827.00
2008.00
1693.00
1661.00
1362.00
1815.00
1381.00
1748.00
353.00
538.00
0.76%52.41%Tax Expense (-)
$385.00
338.00
333.00
259.00
456.00
241.00
616.00
353.00
392.00
291.00
374.00
325.00
439.00
80.00
129.00
1.10%61.25%Income/Loss (Continuing Operations) (+)
$1212.00
1064.00
1156.00
1157.00
1426.00
586.00
1392.00
1340.00
1269.00
1071.00
1441.00
1056.00
1309.00
273.00
409.00
0.64%49.82%Income/Loss (Discontinued Operations) (+)
$
2197.00
1002.00
1.00
313.00
220.00
18.00
3.00
19.00
-2.00
Profit/Loss (+)
$1212.00
1064.00
3353.00
2159.00
1427.00
899.00
1612.00
1358.00
1269.00
1074.00
1460.00
1054.00
1309.00
273.00
409.00
0.64%49.82%Net Income/Loss (NCI) (-)
$117.00
123.00
122.00
57.00
21.00
22.00
21.00
17.00
26.00
15.00
21.00
28.00
39.00
9.00
9.00
-8.75%0.00%Net Income/Loss (+)
$1095.00
941.00
3231.00
2102.00
1406.00
877.00
1591.00
1341.00
1243.00
1059.00
1439.00
1026.00
1270.00
264.00
400.00
1.24%51.52%Net Income/Loss (Common) (+)
$1095.00
941.00
3231.00
2102.00
1406.00
877.00
1591.00
1341.00
1243.00
1059.00
1439.00
1026.00
1270.00
264.00
400.00
1.24%51.52%EPS (Basic)
$6.96
6.13
22.53
15.20
5.18
3.30
6.21
5.50
5.25
4.47
6.06
4.34
5.38
1.12
1.70
-2.12%51.79%EPS (Diluted)
$6.87
6.06
22.27
15.03
5.14
3.28
6.17
5.47
5.22
4.45
6.01
4.32
5.35
1.11
1.69
-2.06%52.25%Weighted Avg Shares (Basic)
152.01
142.85
138.51
136.05
266.77
257.09
249.88
235.90
235.76
236.79
236.00
235.18
235.25
235.42
234.50
3.71%-0.39%Cash
$1457.00
1306.00
1116.00
686.00
1311.00
1820.00
1436.00
902.00
1216.00
1826.00
1005.00
1099.00
1514.00
1426.00
1181.00
0.32%-17.18%Short-term Investments
$25.00
1087.00
629.00
497.00
144.00
43.00
55.00
61.00
57.00
96.00
67.00
55.00
75.00
56.00
54.00
9.59%-3.57%Receivables
$2830.00
2813.00
2736.00
2815.00
2788.00
2692.00
2903.00
2845.00
2756.00
2726.00
3152.00
3303.00
3279.00
3595.00
3581.00
1.23%-0.39%Inventory
$1607.00
1687.00
1824.00
1825.00
1705.00
1546.00
1730.00
1783.00
1710.00
1735.00
2171.00
2272.00
2127.00
2599.00
2331.00
2.36%-10.31%Other Assets (Current)
$775.00
822.00
909.00
1027.00
606.00
351.00
353.00
370.00
431.00
415.00
379.00
444.00
436.00
517.00
524.00
-4.68%1.35%Assets (Current)
$6694.00
7715.00
7214.00
6850.00
6554.00
6452.00
6477.00
5961.00
6170.00
6798.00
6774.00
7173.00
7431.00
8193.00
7671.00
0.87%-6.37%Securities & Long-term Investments
$387.00
422.00
393.00
443.00
367.00
179.00
268.00
251.00
258.00
267.00
274.00
244.00
259.00
255.00
275.00
-3.29%7.84%Property, Plant & Equipment (Net)
$2721.00
2888.00
2876.00
3092.00
3017.00
2759.00
2824.00
2805.00
3765.00
3974.00
4333.00
4157.00
4476.00
4184.00
4441.00
4.23%6.14%Accumulated Depreciation
$5893.00
6142.00
Goodwill & Intangibles
$3785.00
3846.00
4347.00
6212.00
5847.00
5555.00
5987.00
6042.00
6601.00
7453.00
9031.00
8492.00
8624.00
8605.00
8539.00
7.10%-0.77%Other Assets
$795.00
1007.00
1033.00
986.00
1291.00
824.00
982.00
956.00
914.00
1064.00
939.00
678.00
857.00
862.00
941.00
0.63%9.16%Assets (Non-current)
$7688.00
8163.00
8649.00
10733.00
10522.00
9317.00
10061.00
10054.00
11538.00
12758.00
14577.00
13571.00
14216.00
13906.00
14196.00
5.26%2.09%Assets (Total)
$14382.00
15878.00
15863.00
17583.00
17076.00
15769.00
16538.00
16015.00
17708.00
19556.00
21351.00
20744.00
21647.00
22099.00
21867.00
3.47%-1.05%Accounts Payable
$2996.00
3061.00
3265.00
3548.00
3490.00
3510.00
3780.00
3623.00
3496.00
3792.00
4392.00
4087.00
4467.00
4347.00
4351.00
3.38%0.09%Debt (Current)
$108.00
642.00
34.00
481.00
283.00
629.00
12.00
651.00
513.00
578.00
9.00
313.00
306.00
209.00
311.00
9.07%48.80%Other Liabilities (Current)
$598.00
758.00
836.00
847.00
883.00
101.00
102.00
99.00
366.00
461.00
365.00
321.00
281.00
312.00
281.00
-6.10%-9.94%Liabilities (Current)
$3702.00
4461.00
4135.00
4876.00
4656.00
4240.00
3894.00
4373.00
4375.00
4831.00
4766.00
4721.00
5054.00
4868.00
4943.00
2.63%1.54%Debt (Non-current)
$3574.00
3368.00
3372.00
3544.00
4042.00
3787.00
4134.00
4365.00
4539.00
5171.00
6572.00
6503.00
5748.00
7082.00
5940.00
4.04%-16.13%Other Liabilities
$3660.00
3727.00
3158.00
3898.00
3309.00
2829.00
2837.00
2545.00
3391.00
3739.00
3602.00
2811.00
2822.00
2896.00
2858.00
-2.14%-1.31%Liabilities (Non-current)
$7234.00
7095.00
6530.00
7442.00
7351.00
6616.00
6971.00
6910.00
7930.00
8910.00
10174.00
9314.00
8570.00
9978.00
8798.00
1.42%-11.83%Liabilities (Total)
$10936.00
11556.00
10665.00
12318.00
12007.00
10856.00
10865.00
11283.00
12305.00
13741.00
14940.00
14035.00
13624.00
14846.00
13741.00
1.85%-7.44%Treasury Stock
$5506.00
5496.00
8002.00
8714.00
9440.00
10472.00
11251.00
12958.00
13191.00
13158.00
13386.00
13525.00
13600.00
13515.00
13746.00
7.83%1.71%Retained Earnings
$9288.00
9871.00
12757.00
14498.00
15521.00
15984.00
17141.00
18131.00
18906.00
19469.00
20372.00
20828.00
21500.00
20946.00
21747.00
7.24%3.82%AOCI
$-1800.00
-1666.00
-1260.00
-2116.00
-2702.00
-2356.00
-2057.00
-2300.00
-2350.00
-2599.00
-2750.00
-2810.00
-2239.00
-2408.00
-2251.00
6.52%Shareholder's Equity
$3446.00
4322.00
5198.00
5265.00
5069.00
4913.00
5673.00
4732.00
5403.00
5815.00
6411.00
6709.00
8023.00
7253.00
8126.00
7.30%12.04%Liabilities & Equity
$14382.00
15878.00
15863.00
17583.00
17076.00
15769.00
16538.00
16015.00
17708.00
19556.00
21351.00
20744.00
21647.00
22099.00
21867.00
3.47%-1.05%Net Income/Loss
$1212.00
1064.00
3353.00
2159.00
1427.00
899.00
1612.00
1358.00
1269.00
1074.00
1460.00
273.00
409.00
49.82%Depreciation & Amortization
$467.00
465.00
475.00
476.00
495.00
462.00
460.00
497.00
511.00
509.00
561.00
554.00
558.00
133.00
141.00
1.49%6.02%Increase/Decrease in Working Capital
$188.00
120.00
-14.00
156.00
88.00
142.00
343.00
406.00
-63.00
-341.00
321.00
556.00
-314.00
426.00
554.00
30.05%Share-based Compensation
$10.00
78.00
14.00
100.00
-137.00
-79.00
20.00
37.00
39.00
44.00
57.00
35.00
59.00
17.00
12.00
15.94%-29.41%Adjustments to Reconcile Net Income
$224.00
723.00
-1562.00
-631.00
411.00
426.00
-44.00
109.00
815.00
1058.00
102.00
-93.00
912.00
-188.00
-469.00
12.41%-149.47%Net Cash (Operating)
$1436.00
1787.00
1791.00
1528.00
1837.00
1325.00
1568.00
1467.00
2080.00
2130.00
1562.00
963.00
2411.00
85.00
-60.00
4.41%-170.59%Capital Expenditure
$413.00
491.00
558.00
1075.00
749.00
-343.00
92.00
762.00
1056.00
1473.00
2461.00
632.00
658.00
120.00
256.00
3.96%113.33%Net Cash (Investing)
$353.00
-1611.00
3.00
-857.00
-395.00
436.00
-67.00
-764.00
-1009.00
-1447.00
-2404.00
-461.00
-556.00
-64.00
-239.00
-273.44%Increase/Decrease in Debt
$-372.00
222.00
-612.00
381.00
342.00
233.00
-688.00
983.00
41.00
439.00
824.00
375.00
-850.00
428.00
278.00
-35.05%Increase/Decrease in Equity
$-777.00
30.00
-932.00
-693.00
-698.00
-1019.00
-761.00
-1706.00
-264.00
54.00
-163.00
-190.00
-86.00
-149.00
Interest Expenses
$
218.00
115.00
118.00
100.00
108.00
127.00
153.00
140.00
156.00
213.00
73.00
66.00
-9.59%Dividends Paid
$461.00
469.00
435.00
361.00
383.00
414.00
434.00
453.00
468.00
496.00
536.00
570.00
598.00
146.00
153.00
2.19%4.79%Net Cash (Financing)
$-1632.00
-351.00
-1979.00
-969.00
-754.00
-1184.00
-1954.00
-1205.00
-758.00
-59.00
93.00
-409.00
-1550.00
277.00
-35.00
-112.64%Cash Taxes Paid
$
642.00
383.00
349.00
648.00
380.00
348.00
367.00
491.00
452.00
495.00
107.00
94.00
-12.15%Effect of Exchange Rate
$-41.00
24.00
-5.00
-132.00
-63.00
-68.00
69.00
-32.00
1.00
6.00
-72.00
1.00
110.00
29.00
1.00
-96.55%Increase/Decrease in Cash
$116.00
-151.00
-190.00
-430.00
625.00
509.00
-384.00
-534.00
314.00
610.00
-821.00
94.00
415.00
327.00
-333.00
11.21%-201.83%Cash (Beginning)
$1341.00
1457.00
1306.00
1116.00
686.00
1311.00
1820.00
1436.00
902.00
1216.00
1826.00
1005.00
1099.00
1099.00
1514.00
-1.64%37.76%Cash (Ending)
$1457.00
1306.00
1116.00
686.00
1311.00
1820.00
1436.00
902.00
1216.00
1826.00
1005.00
1099.00
1514.00
1426.00
1181.00
0.32%-17.18%NOPAT
$1339.50
1193.77
2009.22
2717.84
1567.50
1316.78
1417.57
1386.68
1392.05
1079.01
1332.75
1129.46
1640.08
269.69
454.73
1.70%68.61%Gross Margin %
43.20%
44.06%
39.40%
37.14%
41.11%
41.03%
43.27%
Operating Margin %
11.72%
10.25%
10.77%
11.97%
12.72%
6.20%
14.04%
11.54%
11.56%
10.62%
10.76%
9.51%
12.54%
8.79%
12.78%
NOPAT Margin %
8.89%
7.78%
13.18%
17.40%
10.13%
8.82%
9.51%
8.95%
9.14%
7.76%
7.85%
6.40%
8.99%
6.13%
10.55%
Net Margin %
7.27%
6.13%
21.20%
13.46%
9.09%
5.88%
10.67%
8.66%
8.16%
7.62%
8.48%
5.81%
6.96%
6.00%
9.28%
Tax Rate %
24.11%
24.11%
-22.36%
-45.34%
20.35%
-42.20%
32.27%
22.45%
20.95%
26.95%
27.05%
32.73%
28.32%
30.31%
17.47%
ROA
9.31%
7.52%
12.67%
15.46%
9.18%
8.35%
8.57%
8.66%
7.86%
5.52%
6.24%
5.44%
7.58%
1.22%
2.08%
ROE
38.87%
27.62%
38.65%
51.62%
30.92%
26.80%
24.99%
29.30%
25.76%
18.56%
20.79%
16.84%
20.44%
3.72%
5.60%
ROIC
14.71%
13.12%
21.80%
25.50%
14.60%
12.56%
12.83%
12.95%
11.25%
8.14%
8.82%
7.49%
10.64%
1.81%
3.07%
Asset Turnover
1.05
0.97
0.96
0.89
0.91
0.95
0.90
0.97
0.86
0.71
0.79
0.85
0.84
0.20
0.20
Inventory Turnover
5.06
4.48
4.74
4.88
5.05
1.00
1.05
Equity Multiplier
4.17
3.67
3.05
3.34
3.37
3.21
2.92
3.38
3.28
3.36
3.33
3.09
2.70
3.05
2.69
Current Ratio
1.81
1.73
1.74
1.40
1.41
1.52
1.66
1.36
1.41
1.41
1.42
1.52
1.47
1.68
1.55
Quick Ratio
1.16
1.17
1.08
0.82
0.91
1.07
1.13
0.87
0.92
0.96
0.89
0.94
0.96
1.04
0.97
Debt/Equity Ratio
1.07
0.93
0.66
0.76
0.85
0.90
0.73
1.06
0.94
0.99
1.03
1.02
0.75
1.01
0.77
Interest Coverage Ratio
8.58
17.11
7.85
20.93
16.56
13.87
9.65
13.05
10.76
10.74
5.30
8.35
Working Capital/Sales
0.17
0.15
0.13
0.09
0.12
0.15
0.15
0.12
0.13
0.13
0.10
0.14
0.13
0.48
0.43
R&D/Sales
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.02
0.02
0.03
Dividend Payout Ratio %
34.42%
39.29%
21.65%
13.28%
24.43%
31.44%
30.62%
32.67%
33.62%
45.97%
40.22%
50.47%
36.46%
54.14%
33.65%
Total Payout
$1610.00
217.00
1979.00
891.00
854.00
1318.00
1983.00
1284.00
818.00
156.00
15.00
541.00
1747.00
-209.00
90.00
0.68%143.06%Payout Ratio %
120.19%
18.18%
98.50%
32.78%
54.48%
100.09%
139.89%
92.60%
58.76%
14.46%
1.13%
47.90%
106.52%
-77.50%
19.79%