PPG Q2 2023 Earnings — PPG Industries, Inc. Revenue & Financial Results | Market Cap Arena

PPGPPG Industries, Inc.

$24B

Q2 2023 Earnings

Basic Materials Chemicals - Specialty

Income Statement

Revenue

$4.9B+3.9% YoY

Gross Profit

$2.0B41.2% margin

Operating Income

$694M14.2% margin

Net Income

$490M10.1% margin

EPS (Diluted)

$2.06

QoQ Revenue Growth

+11.2%

Cash Flow

Operating Cash Flow

$536M

Free Cash Flow

$414M

Stock-Based Comp.

$17M

Balance Sheet

Total Assets

$22.2B

Total Liabilities

$14.4B

Stockholders' Equity

$7.6B

Cash & Equivalents

$1.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$4.9B	$4.7B	+3.9%
Gross Profit	$2.0B	$1.7B	+15.5%
Operating Income	$694M	$499M	+39.1%
Net Income	$490M	$441M	+11.1%

Revenue Segments

Performance Coatings Segment

$3.0B62%

Industrial Coatings Segment

$1.8B38%

Geographic Segments

North America

$2.1B42%

EMEA

$1.5B31%

Asia Pacific

$736M15%

Latin America

$557M11%