PPG Industries(PPG) - 2020 Q4 - Earnings Call Presentation

Financial Performance - Q4 2020 - Net sales totaled approximately $3.8 billion, a ~2% increase year-over-year[6] - Sales volumes decreased by 1.4% due to lower demand in aerospace and automotive refinish coatings[6] - Acquisition-related sales contributed about $25 million[6] - Selling prices increased by 1.6%[6] - Adjusted earnings per diluted share (EPS) increased by 21% to $1.59[7] Financial Performance - Full Year 2020 - Full year net sales were $13.834 billion[34], a decrease compared to $15.146 billion in 2019[33] - Net sales decreased by nearly 8% in constant currencies, but selling prices increased by 1.5%[37] - Sales volumes decreased by about 10% due to the COVID-19 pandemic[37] - Acquisition-related sales growth was 1%[37] - Adjusted earnings per diluted share were $5.70, down about 8%[37] Cash Flow and Liquidity - Generated a record Q4 operating cash flow of approximately $1 billion, with ~$2.1 billion for the full year[7] - Cash and short-term investments totaled approximately $1.9 billion as of December 31, 2020[7] - Funded the Ennis-Flint acquisition using cash on hand[7, 38] - Repaid an additional $100 million of short-term debt, with $400 million remaining outstanding[7]