2016 Sustainability Report

More

Overview

PPG had a successful year in 2016 despite a more challenging global economic environment and growing geopolitical uncertainty in many of the regions where we operate.

Highlighting our financial performance, we:

  • Reported net income from continuing operations of $564 million, or $2.11 per diluted share;
  • Reported adjusted earnings per diluted share from continuing operations of $5.82;
  • Achieved 7 percent adjusted earnings per diluted share growth;
  • Increased sales by about 3 percent in local currencies;
  • Deployed $1.4 billion on acquisitions and share repurchases to reach the top end of our two-year deployment target of $2.5 billion;
  • Announced a new cash deployment target of $2.5 billion to $3.5 billion for 2017/2018 combined; and
  • Raised our per-share dividend by 11 percent.

We also completed several strategic actions to make PPG stronger and more resilient in the future. These included completing four acquisitions and divesting our flat glass and European fiber glass businesses and our ownership interest in two Asian fiber glass joint ventures.

We ended the year with nearly $1.9 billion of cash and short-term investments, providing us with financial flexibility going forward. We continue to believe that coatings remains a consolidating industry, and our acquisition pipeline remains active across geographies and end-use markets.

Back to Top
  • Facebook
  • Twitter
  • LinkedIn
  • YouTube
  • Instagram

Aerocron, Agilon, Aquabase, Aquacron, Bringing Innovation to the Surface, Colorful Communities, Deltron, Duranar, Enviro-prime, Envirobase, Global Refinish System, Hoba, INDX Stylized X Logo, PurAir, Nexa Autocolor, 2K, the PPG Logo, and Sunstorm are registered trademarks and Colorful Communities & Tree & Sun & PPG Logo, PPG Paints, PPG Paints Arena and Steelguard are trademarks of PPG Industries Ohio, Inc. Speedhide is a registered trademark of PPG Architectural Finishes, Inc. Vinimex and Comex are registered trademarks of Consorcio Comex, S.A. de C.V. Chromatic is a trademark of PPG AC – France. Responsible Care® and the ACC Logo are registered trademarks of the American Chemistry Council, Inc. Coatings Care and PaintCare are registered trademarks and the ACA Logo is a service mark of the American Coatings Association, Inc. Good Housekeeping and the GH Limited Warranty Seal are registered trademarks of Hearst Communications, Inc. LEED is a registered trademark of the U.S. Green Building Council. ENERGY STAR is a registered trademark owned by the U.S. Environmental Protection Agency. John Deere is a registered trademark of Deere & Company. FORTUNE and The World’s Most Admired Companies are registered trademarks of Time Inc. and are used under license. Domalux is a registered trademark of PPG Deco Polska Spolka z.o.o. WIN is a registered trademark of the Women’s Industry Network. Pittsburgh Penguins is a registered trademark of Pittsburgh Penguins, L.P. Responsible Mica Initiative Logo, The Guardian Logo, the Ethics and Compliance Initiative Logo, the European Council of Paint, Printing Ink and Artists' Colours Industry (CEPE) Logo, the Fipec Logo, the National Association of Manufacturers Logo, National Society of Black Engineers, NSBE, National Black MBA Association, and other third-party marks are property of their respective owners.