PPG 3rd Quarter Earnings Report
Historical ROS* Segment Margin and Adjusted EPS Excluding Amortization
$ in millions, except ROS %
2020
Performance Segment
Q1
Q2
Q3
Q4
FY
Q1
Q2
ROS Margin, As Reported
13.5%
17.5%
18.9%
13.8%
16.0%
Amortization
26
21
22
ROS Margin excluding Amortization
14.8%
18.5% 19.9%
23
14.9%
92
17.1%
Q4
16.6% 16.5% 14.8% 9.7%
29
30
33
33
17.9% 17.5% 16.0% 11.0%
2021
Q3
2022
FY
Q1
14.4%
Q2
12.4% 15.2%
Q3
13.4%
125
15.6%
32
13.7%
31
30
16.3%
14.5%
Industrial Segment
ROS Margin, As Reported
13.2%
3.7%
17.7%
17.7%
14.0%
15.7% 11.8%
8.7%
6.2%
10.5%
8.1%
8.9%
10.9%
Amortization
10
10
10
10
ROS Margin excluding Amortization
14.0%
4.7%
18.3%
18.4%
40
14.8%
10
16.3%
11
12.4%
13
13
47
11
11
10
9.5%
7.0%
11.2%
8.7%
9.5%
11.5%
Total Segments
ROS Margin, As Reported
13.4%
13.2%
18.4%
15.4%
Amortization
36
31
32
ROS Margin excluding Amortization
14.5%
14.2% 19.3%
33
16.3%
15.2%
132
16.2%
16.3% 14.7% 12.5%
39
41
46
17.3% 15.7% 13.6%
8.3%
46
9.4%
12.9%
172
13.9%
10.7% 12.8%
12.4%
43
11.7%
42
13.7%
40
13.3%
Total PPG
Adjusted EPS
Amortization EPS
Adjusted EPS excl Amortization
*ROS = Return on Sales
2020
2021
2022
Q1
Q2
Q3
Q4
FY
Q1
Q2
Q3
Q4
FY
Q1
Q2
Q3
1.19
0.99
1.93
1.59
5.70
1.76
1.81
1.54
1.11
6.22
1.23
1.68
1.53
0.12
0.10
0.10
0.10
0.42
0.12
0.13
0.15
0.15
0.55
0.14
0.13
0.13
1.31
1.09
2.03
1.69
6.12
1.88
1.94
1.69
1.26
6.77
1.37
1.81
1.66
Full year EPS is calculated using the full year average diluted shares outstanding and quarterly EPS is calculated using the quarterly average diluted shares outstanding. As such, full year EPS may not
14 equal the sum of the quarterly EPS figures due to this calculation.View entire presentation