PPG said net sales for Q2 2024 were $4,794 million, down 2% from $4,872 million a year earlier, while net income was $528 million (+8%) and diluted EPS was $2.24 (+9%).

1. 01

   PPG said net sales for Q2 2024 were $4,794 million, down 2% from $4,872 million a year earlier, while net income was $528 million (+8%) and diluted EPS was $2.24 (+9%).

2. 02

   The company said aggregate segment margins for Q2 improved 110 basis points year over year, marking 7 consecutive quarters of improvement, and that gross margins also improved 180 basis points.

3. 03

   The company outlined an outlook for adjusted EPS of $2.10 to $2.20 per share for Q3 and full-year 2024 adjusted EPS of $8.15 to $8.30 per share.

4. 04

   PPG said it repurchased approximately $150 million of its shares in Q2 and about $300 million year to date, and that net debt at quarter end was $5.2 billion, down $0.4 billion from Q2 2023.

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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