2024 Financial Highlights and PPG Shareholder Information
2024 Overview
| Item | 2024 | 2023 | 2022 |
| (in millions, except per-share information) | |||
| Net Sales | $15,845 | $16,242 | $15,614 |
| Adjusted Earnings Per Diluted Share (from continuing ops) (1) | $7.87 | $7.42 | $5.84 |
| Dividends Per Share | $2.66 | $2.54 | $2.42 |
Net Sales by Reportable Segment
| Item | 2024 | 2023 | $ Change | % Change |
| (in millions, except per-share information, percentages and number of employees) | ||||
| Net Sales | $15,845 | $16,242 | ($397) | (2%) |
| Net Income (attributable to PPG) | ||||
| Income from continuing operations | $1,377 | $1,262 | $115 | 9% |
| (Loss)/income from discontinued operations | ($228) | $47 | ($275) | N/A |
| Net income (attributable to PPG) | $1,149 | $1,309 | ($160) | (12%) |
| Earnings per diluted share from continuing operations | $5.72 | $5.16 | $0.56 | 11% |
| (Loss)/Income Per Diluted Share from Discontinued Operations | ($0.97) | $0.19 | ($1.16) | N/A |
| Total Earnings Per Diluted Share | $4.75 | $5.35 | ($0.60) | (11%) |
| Adjusted Earnings Per Diluted Share (from continuing operations) (1) | $7.87 | $7.42 | $0.45 | 6% |
| Dividends Per Share | $2.66 | $2.54 | $0.12 | 5% |
| Return on Average Capital | 9.4% | 10.4% | (1.0%) | (10%) |
| Cash from Operating Activities - Continuing Operations | $1,391 | $2,294 | ($903) | (39%) |
| Capital Spending (excluding business acquisitions) | $721 | $516 | $205 | 40% |
| Research and Development | $423 | $424 | ($1) | 0% |
| Average Shares Outstanding - Assuming Dilution | 234.9 | 237.2 | (2.3) | (1%) |
| Average Number of Employees | 46,000 | 53,000 | (7,000) | (13%) |
| PPG Shareholders' Equity | $6,785 | $7,832 | ($1,047) | (13%) |