← PPG INDUSTRIES INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $14.8b |
$14.7b
-0.02%
|
$15.4b
+4.24%
|
$15.1b
-1.48%
|
$13.8b
-8.66%
|
$16.8b
+21.45%
|
$17.7b
+5.06%
|
$18.2b
+3.37%
|
$15.8b
-13.16%
|
$15.9b
+0.19%
|
$16.4b
+3.44%
|
|
| Cost of Revenue | $8.1b |
$8.2b
+1.75%
|
$9.0b
+9.71%
|
$8.7b
-3.87%
|
$7.8b
-10.12%
|
$10.3b
+32.26%
|
$11.1b
+7.87%
|
$10.7b
-3.16%
|
$9.3b
-13.89%
|
$9.3b
+0.69%
|
$9.7b
+4.16%
|
|
| Cost of sales, exclusive of depreciation and amortization | $8.1b |
$8.2b
+1.75%
|
$9.0b
+9.71%
|
$8.7b
-3.87%
|
$7.8b
-10.12%
|
$10.3b
+32.26%
|
$11.1b
+7.87%
|
$10.7b
-3.16%
|
$9.3b
-13.89%
|
$9.3b
+0.69%
|
— | |
| Gross Profit (Calculated) (derived) | $6.7b |
$6.5b
-2.15%
|
$6.4b
-2.61%
|
$6.5b
+1.88%
|
$6.1b
-6.71%
|
$6.5b
+7.58%
|
$6.6b
+0.61%
|
$7.5b
+14.41%
|
$6.6b
-12.11%
|
$6.6b
-0.52%
|
— | |
| Interest Income (Expense), Net | ($99.0m) |
($85.0m)
+14.14%
|
($95.0m)
-11.76%
|
($100.0m)
-5.26%
|
($115.0m)
-15.00%
|
($95.0m)
+17.39%
|
($113.0m)
-18.95%
|
($107.0m)
+5.31%
|
— | — | $145.0m | |
| Research and Development Expense | $487.0m | $474.0m | $464.0m | $456.0m | $401.0m | $463.0m | $470.0m | $456.0m | $447.0m | $446.0m | $435.0m | |
| Research and development, net | $466.0m | $453.0m | $441.0m | $432.0m | $379.0m | $439.0m | $448.0m | $433.0m | $423.0m | $423.0m | $435.0m | |
| Selling, General and Administrative Expense | $3.7b | $3.6b | $3.6b | $3.6b | $3.4b | $3.8b | $3.8b | $4.2b | $3.4b | $3.4b | $3.5b | |
| Amortization of Intangible Assets | $121.0m | $129.0m | $143.0m | $136.0m | $138.0m | $172.0m | $166.0m | $167.0m | $132.0m | $125.0m | — | |
| Restructuring and Related Cost, Incurred Cost | — | — | — | — | — | — | — | — | $239.0m | $39.0m | — | |
| Restructuring Costs | — | — | — | $222.0m | $224.0m | $27.0m | $75.0m | $43.0m | — | — | — | |
| Business restructuring, net | $197.0m | $0 | $66.0m | $176.0m | $174.0m | $31.0m | $33.0m | ($2.0m) | $233.0m | $6.0m | — | |
| Operating Income (Loss) | $2.4b |
$2.3b
-4.82%
|
$2.1b
-7.63%
|
$2.3b
+7.22%
|
$2.1b
-7.13%
|
$2.2b
+2.94%
|
$2.0b
-5.94%
|
$2.7b
+31.00%
|
$1.9b
-30.77%
|
$2.0b
+10.42%
|
$2.2b
+7.53%
|
|
| Investment Income, Interest | $26.0m | $20.0m | $23.0m | $32.0m | $23.0m | $26.0m | $54.0m | $140.0m | $177.0m | $153.0m | — | |
| Interest income | ($26.0m) | ($20.0m) | ($23.0m) | ($32.0m) | ($23.0m) | ($26.0m) | ($54.0m) | ($140.0m) | ($177.0m) | ($153.0m) | $145.0m | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | — | — | — | — | — | ($20.0m) | ($110.0m) | $0 | — | |
| Gain (Loss) Related to Litigation Settlement | — | $18.0m | $0 | $0 | — | $22.0m | $0 | $0 | — | — | — | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | — | $60.0m | ($83.0m) | $8.0m | ($6.0m) | — | |
| Income (Loss) from Equity Method Investments | $12.0m | $12.0m | $16.0m | $11.0m | $8.0m | $15.0m | $25.0m | $21.0m | $20.0m | $19.0m | — | |
| Other Expenses | $178.0m | $64.0m | $122.0m | $98.0m | $104.0m | $29.0m | — | — | — | — | — | |
| Other Income | $176.0m | $150.0m | $114.0m | $89.0m | $68.0m | $172.0m | — | — | — | — | — | |
| Interest Expense (non-operating) | $125.0m | $105.0m | $118.0m | $132.0m | $138.0m | $121.0m | $167.0m | $247.0m | $241.0m | $241.0m | $255.0m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $827.0m | $2.0b | $1.7b | $1.7b | $1.4b | $1.8b | $1.4b | $1.7b | $1.9b | $2.0b | $2.0b | |
| Current Income Tax Expense (Benefit) | $86.0m | $577.0m | $308.0m | $397.0m | $338.0m | $339.0m | $482.0m | $622.0m | $572.0m | $485.0m | $455.0m | |
| Income Tax Expense (Benefit) | $241.0m | $615.0m | $353.0m | $392.0m | $291.0m | $374.0m | $325.0m | $439.0m | $475.0m | $458.0m | $455.0m | |
| Net Income (Loss) Attributable to Parent | $877.0m |
$1.6b
+81.76%
|
$1.3b
-15.87%
|
$1.2b
-7.31%
|
$1.1b
-14.80%
|
$1.4b
+35.88%
|
$1.0b
-28.70%
|
$1.3b
+23.78%
|
$1.1b
-12.13%
|
$1.6b
+41.22%
|
$1.6b
-0.25%
|
|
| Net Income (Loss) Attributable to Noncontrolling Interest | $22.0m | $21.0m | $17.0m | $26.0m | $15.0m | $21.0m | $28.0m | $39.0m | $33.0m | $16.0m | $1.6b | |
| Net income attributable to the controlling and noncontrolling interests | $899.0m | $1.6b | $1.4b | $1.3b | $1.1b | $1.5b | $1.1b | $1.3b | $1.1b | $1.6b | — | |
| Income (Loss) from Continuing Operations, Per Basic Share | $2 | $5 | $5 | $5 | $4 | $6 | $4 | $5 | $6 | $7 | — | |
| Income (Loss) from Continuing Operations, Per Diluted Share | $2 | $5 | $5 | $5 | $4 | $6 | $4 | $5 | $6 | $7 | — | |
| Earnings Per Share, Basic | $3.30 | $6.22 | $5.50 | $5.25 | $4.47 | $6.06 | $4.34 | $5.38 | $4.77 | $6.96 | $7.01 | |
| Earnings Per Share, Diluted | $3.28 | $6.18 | $5.47 | $5.22 | $4.45 | $6.01 | $4.32 | $5.35 | $4.75 | $6.94 | $6.99 | |
| Continuing operations (in dollars per share) | $2.11 | $5.32 | $5.40 | $5.22 | $4.44 | $5.93 | $4.33 | $5.35 | $5.72 | $6.92 | — | |
| Discontinued operations (in dollars per share) | $1.17 | $0.85 | $0.07 | $0.00 | $0.01 | $0.08 | ($0.01) | $0.00 | ($0.97) | $0.02 | — | |
| Weighted Average Number of Shares Outstanding, Basic | 265.6m | 256.1m | 243.9m | 236.9m | 236.8m | 237.6m | 236.1m | 236.0m | 233.8m | 226.3m | 224.3m | |
| Weighted Average Number of Shares Outstanding, Diluted | 267.4m | 257.8m | 245.4m | 238.2m | 237.9m | 239.4m | 237.3m | 237.2m | 234.9m | 227.1m | 225.1m | |
| Additional Financial Items | ||||||||||||
| Business Combination, Acquisition Related Costs | $9.0m | $9.0m | $6.0m | $17.0m | $9.0m | $86.0m | $10.0m | $53.0m | — | — | — | |
| Environmental Remediation Expense | $94.0m | $10.0m | $78.0m | $77.0m | $38.0m | $44.0m | $13.0m | $46.0m | $30.0m | $18.0m | — | |
| Goodwill, Impairment Loss | — | — | — | — | $5.0m | — | $40.0m | $158.0m | — | — | — | |
| Depreciation | $341.0m | $331.0m | $354.0m | $375.0m | $371.0m | $389.0m | $388.0m | $391.0m | $360.0m | $403.0m | $425.0m | |
| Impairment and other-related charges, net | — | — | — | — | $93.0m | $21.0m | $245.0m | $160.0m | $146.0m | $24.0m | — | |
| Pension settlement charge | — | — | — | $0 | $0 | $50.0m | $0 | $190.0m | $0 | $0 | — | |
| Other charges/(income), net | — | — | — | — | $36.0m | ($143.0m) | ($60.0m) | $83.0m | ($8.0m) | $6.0m | — | |
| Income from continuing operations | $586.0m | $1.4b | $1.3b | $1.3b | $1.1b | $1.4b | $1.1b | $1.3b | $1.4b | $1.6b | — | |
| Income/(loss) from discontinued operations, net of tax | $313.0m | $220.0m | $18.0m | $0 | $3.0m | $19.0m | ($2.0m) | $0 | ($228.0m) | $5.0m | — | |
| Income from continuing operations, net of tax | $564.0m | $1.4b | $1.3b | $1.2b | $1.1b | $1.4b | $1.0b | $1.3b | $1.3b | $1.6b | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $564.0m | $1.4b | $1.3b | $1.2b | $1.1b | $1.4b | $1.0b | $1.3b | $1.3b | $1.6b | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $586.0m | $1.4b | $1.3b | $1.3b | $1.1b | $1.4b | $1.1b | $1.3b | $1.4b | $1.6b | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $313.0m | $225.0m | $18.0m | $0 | $3.0m | $19.0m | ($2.0m) | $0 | ($228.0m) | $5.0m | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | $313.0m | $225.0m | $18.0m | $0 | $3.0m | $19.0m | ($2.0m) | $0 | ($228.0m) | $5.0m | — | |
| Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component | — | — | — | — | — | — | — | $39.0m | $43.0m | $45.0m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.