The company said its Q1 2024 net sales were $4,311 million, down 2% from $4,380 million a year earlier, while net income was $400 million and diluted earnings per share (EPS) were $1.69, each up 52%.

1. 01

   The company said its Q1 2024 net sales were $4,311 million, down 2% from $4,380 million a year earlier, while net income was $400 million and diluted earnings per share (EPS) were $1.69, each up 52%.

2. 02

   PPG said its adjusted EPS for Q1 was $1.86, up 2% from $1.82 a year earlier. Pre-tax income in the prior-year quarter reflected a pension settlement charge of $190 million.

3. 03

   The company said Performance Coatings net sales for Q1 were $2,614 million, down 1%, and segment income was $402 million, up 2%. It said Industrial Coatings net sales were $1,697 million, down 3%, and segment income was $249 million, up 4%.

4. 04

   PPG said cash used for operating activities was $(60) million in Q1 2024, compared with cash from operating activities of $85 million a year earlier. It said capital expenditures were $256 million and that it completed about $150 million of share repurchases.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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