UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File Number 1-1687 PPG INDUSTRIES, INC. (Exact name of registrant as specified in its charter) Pennsylvania 25-0730780 (State or other jurisdict ...

PPG Industries, Inc. (NYSE:PPG) Q4 2023 Earnings Conference Call January 19, 2024 8:00 AM ET Company Participants Jonathan Edwards - Director of IR Tim Knavish - President and CEO Vince Morales - SVP and CFO John Bruno - VP of Finance Conference Call Participants David Begleiter - Deutsche Bank John McNulty - BMO Ghansham Panjabi - Baird Duffy Fischer - Goldman Sachs Stephen Byrne - Bank of America/Merrill Lynch John Roberts - Mizuho Josh Spector - UBS Kevin McCarthy - VRP Michael Leithead - Barclays Jeff Z ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ––––––––––––––––––––––––––––––––––––––––––––––––– FORM 10-Q ––––––––––––––––––––––––––––––––––––––––––––––––– ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission file number 1-1687 ––––––––––––––– ...

Financial Data and Key Metrics Changes - The company reported adjusted EPS of $2.07, which is 25% higher year-over-year, benefiting from non-recurring favorable discrete income tax items that added $0.10 to EPS compared to guidance [3] - Year-to-date cash generation reached over $1.5 billion, a record for the company, with a significant reduction in working capital by about $300 million, mainly due to lower inventories [51][80] - Aggregate segment margins improved by 260 basis points year-over-year, marking the fourth consecutive quarter of margin improvement [81] Business Line Data and Key Metrics Changes - The Performance segment is expected to deliver organic growth, particularly in aerospace and PPG Comex businesses, while the Industrial segment anticipates lower volumes due to external factors like the UAW strike [24][111] - Powder coatings sales increased by approximately 15% compared to last year, driven by investments in manufacturing and technology capabilities [82] - The Industrial segment's margins improved by 300 basis points year-over-year, despite a 4% decline in volumes [89] Market Data and Key Metrics Changes - The company noted that European volumes were flat, indicating a potential stabilization in demand, while China is expected to recover, albeit at a slower pace than previously anticipated [27][38] - The U.S. architectural coatings demand is expected to slow due to high interest rates and reduced housing turnover, impacting overall market dynamics [111] Company Strategy and Development Direction - The company is focusing on selective pruning of its business portfolio, divesting non-core assets to concentrate on areas with competitive advantages [4][75] - There is an emphasis on cross-selling opportunities globally, particularly leveraging the strong distribution network in Mexico [9][110] - The company aims to achieve 8% to 12% EPS growth in 2024, supported by a combination of positive volume swings and capital deployment strategies [32][48] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in swinging to positive volume growth in 2024, driven by recovery in key markets and segments [26][145] - The company anticipates that the impact of the UAW strikes will be limited, with expectations of recovering lost volumes in subsequent quarters [84][135] - There is a focus on maintaining pricing power and productivity to offset wage inflation, with confidence in achieving margin improvements [147] Other Important Information - The company plans to continue share repurchases reflecting its strong cash position and seasonal cash flow patterns [4] - Management highlighted the importance of innovation and digital initiatives, such as PPG Link, to enhance productivity and gain market share [95][124] Q&A Session Summary Question: What are the expectations for margins in the Industrial segment? - Management noted that margins in the Industrial segment are currently in the high 13% range, with expectations for improvement as volumes recover [12] Question: How is the company addressing the impact of the UAW strike? - The company has included an estimated financial impact of a few cents of EPS in its fourth quarter guidance due to the UAW strikes [60][135] Question: What is the outlook for pricing in 2024? - Management expects to maintain positive pricing in the Performance segment, with targeted pricing initiatives supporting growth [30][108] Question: How does the company view growth in the powder coatings market? - The company sees growth in powder coatings primarily as share gain rather than conversion from liquid coatings, indicating a strategic focus on higher-margin segments [45] Question: What is the company's strategy regarding acquisitions? - Management confirmed that acquisitions remain a core part of the strategy, with ongoing assessments of potential opportunities in the coatings space [19][139]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ––––––––––––––––––––––––––––––––––––––––––––––––– FORM 10-Q ––––––––––––––––––––––––––––––––––––––––––––––––– ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission file number 1-1687 –––––––––––––––––––– ...

PPG Industries, Inc. (NYSE:PPG) Q2 2023 Earnings Conference Call July 21, 2023 8:00 AM ET Company Participants John Bruno - VP of IR Tim Knavish - President and CEO Vince Morales - SVP and CFO Conference Call Participants Christopher Parkinson - Mizuho Ghansham Panjabi - Baird Josh Spector - UBS David Begleiter - Deutsche Bank Jeffrey Zekauskas - JPMorgan Stephen V. Byrne - Bank of America John McNulty - BMO Vincent Andrews - Morgan Stanley Duffy Fischer - Goldman Sachs Patrick Cunningham - Citigroup Michae ...

12 Reconciliation: ROS Segment Margin and Adjusted EPS Excluding Amortization | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------------------|-------|-------|-------------|-------|-------|-------|-------|-------------|-------|-------------------------------------------------------------------------------------------------|-------| | $ in millions, except ROS % \nPerformance Segment | Q1 | Q2 | 2021 \nQ3 | Q4 | FY | Q1 | Q2 | 2022 \nQ3 | Q4 | FY ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ––––––––––––––––––––––––––––––––––––––––––––––––– FORM 10-Q ––––––––––––––––––––––––––––––––––––––––––––––––– ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission file number 1-1687 ––––––––––––––––––– ...

Tim Knavish, President and Chief Executive Officer Vince Morales, Senior Vice President and Chief Financial Officer John Bruno, Vice President Investor Relations We protect and beautify the world® This presentation contains forward-looking statements that reflect the Company's current views with respect to future events and financial performance. You can identify forward-looking statements by the fact that they do not relate strictly to current or historic facts. Forward-looking statements are identified by ...

PPG Industries, Inc. (NYSE:PPG) Q1 2023 Earnings Conference Call April 21, 2023 8:00 AM ET Company Participants John Bruno - VP, IR Timothy Knavish - President & CEO Vince Morales - SVP & CFO Conference Call Participants Duffy Fischer - Goldman Sachs Ghansham Panjabi - Baird Stephen Byrne - Bank of America Merrill Lynch John McNulty - BMO Christopher Parkinson - Mizuho David Begleiter - Deutsche Bank Jeff Zekauskas - JPMorgan Vincent Andrews - Morgan Stanley Josh Spector - UBS Aleksey Yefremov - KeyBanc Mic ...