2016 Sustainability Report



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.

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