PPG Q3 2023 Earnings — PPG Industries, Inc. Revenue & Financial Results | Market Cap Arena

PPGPPG Industries, Inc.

$24B

Q3 2023 Earnings

Basic Materials Chemicals - Specialty

Income Statement

Revenue

$4.6B+3.9% YoY

Gross Profit

$1.9B40.7% margin

Operating Income

$595M12.8% margin

Net Income

$426M9.2% margin

EPS (Diluted)

$1.79

QoQ Revenue Growth

-4.7%

Cash Flow

Operating Cash Flow

$892M

Free Cash Flow

$753M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$21.5B

Total Liabilities

$13.6B

Stockholders' Equity

$7.8B

Cash & Equivalents

$1.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$4.6B	$4.5B	+3.9%
Gross Profit	$1.9B	$1.6B	+14.9%
Operating Income	$595M	$471M	+26.3%
Net Income	$426M	$329M	+29.5%

Revenue Segments

Performance Coatings Segment

$2.9B62%

Industrial Coatings Segment

$1.8B38%

Geographic Segments

North America

$1.9B42%

EMEA

$1.4B30%

Asia Pacific

$733M16%

Latin America

$577M12%