PPG Q1 2023 Earnings — PPG Industries, Inc. Revenue & Financial Results | Market Cap Arena

PPGPPG Industries, Inc.

$24B

Q1 2023 Earnings

Basic Materials Chemicals - Specialty

Income Statement

Revenue

$4.4B+1.7% YoY

Gross Profit

$1.8B40.7% margin

Operating Income

$365M8.3% margin

Net Income

$264M6.0% margin

EPS (Diluted)

$1.11

QoQ Revenue Growth

+4.7%

Cash Flow

Operating Cash Flow

$85M

Free Cash Flow

-$35M

Stock-Based Comp.

$17M

Balance Sheet

Total Assets

$22.1B

Total Liabilities

$14.8B

Stockholders' Equity

$7.1B

Cash & Equivalents

$1.4B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$4.4B	$4.3B	+1.7%
Gross Profit	$1.8B	$1.6B	+10.8%
Operating Income	$365M	$376M	-2.9%
Net Income	$264M	$18M	+1366.7%

Revenue Segments

Performance Coatings Segment

$2.6B60%

Industrial Coatings Segment

$1.8B40%

Geographic Segments

North America

$1.8B41%

EMEA

$1.4B33%

Asia Pacific

$647M15%

Latin America

$529M12%