Financial Overview
We have been creating value for our customers, employees and shareholders for more than 140 years.
$18.2 billion
reported net sales$7.67
adjusted earnings per diluted share (EPS)$2.41 billion+
full-year operating cash flow2023 was a record financial year for PPG. Higher selling prices, moderating input costs, structural cost savings and favorable foreign-currency translation all contributed to significant improvements. Highlights from the year include:
- record net sales
- record operating cash flow
- record adjusted EPS, increasing 27% since the previous year
As we reached these milestones, we have continued our long history of rewarding shareholders with our 124th consecutive year of dividend payments, including 52 consecutive years of dividend increases.
In addition to our record financial performance, we implemented many strategic initiatives that will underpin our continued success. A key initiative throughout 2023 was a review of our portfolio, which led to the divestitures of our European and Australian Traffic Solutions businesses. This process also prompted a review of strategic alternatives for our silica products business which is ongoing and expected to be complete in 2024. In early 2024, we also announced a review of strategic alternatives for our architectural coatings business in the U.S. and Canada.
Learn more about our performance in the 2023 Annual Report and investor relations website.