DOCSLIB.ORG

2017 Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2017 Annual Report 2017 Annual Report The PPG Logo and Colorful Communities are registered trademarks and PPG Science Pavilion and We protect and beautify the world are trademarks of PPG Industries Ohio, Inc. Fortune is a registered trademark of Time, Inc. Forbes is a registered trademark of Forbes, LLC. Corporate Equality Index is a registered trademark of Human Rights Campaign Foundation Corporation. IndustryWeek is a registered trademark of Penton Media, Inc. The Wall Street Journal and Barron's are registered trademarks of Dow Jones. UniversalPHOLED is a registered trademark of Universal Display Corporation. ©2018 PPG Industries, Inc. All rights reserved. A Message from Our Chairman From hardtops to rooftops, Our Valued Shareholders, we’ve got you covered. Thanks to our employees and customers, PPG delivered a solid performance in 2017. As I travel to PPG facilities around the world, I am always impressed by our people and their focus on strengthening our company, serving our customers’ needs, and bringing life to our purpose and promise: We protect and beautify the world. Michael H. McGarry Chairman and Chief Executive Officer FINANCIAL This focus, which begins with the with more than $1.2 billion returned HIGHLIGHTS performance of our business, in 2017 through share repurchases was a key to our success in 2017. and dividends. We take great pride With the dedication of our 47,000 in having paid annual dividends for $ employees and the trust of our 118 consecutive years, including a 14.8B customers, we have continued 13 percent per-share increase last Net sales, up more than to strengthen our position as a July that marked 46 consecutive 3 percent versus 2016 global leader in the paint and years of increased per share coatings industry. payouts. * PPG in 2017 delivered adjusted PPG maintained excellent financial $ earnings diluted per share flexibility with cash and short-term 5.87 growth; we continued to investments of about $1.5 billion Adjusted earnings per diluted share from continuing operations, aggressively manage costs; and at year-end. representing an increase of nearly we completed the multi-year We have committed to deploy a 4 percent year-over-year strategic transformation of our minimum of $2.4 billion of cash business portfolio by divesting in 2018 on acquisitions and our North American fiber glass share repurchases as part of our % business. Today, PPG is entirely previously communicated target 1.4 focused on innovating paints, Organic sales growth over 2016 to deploy $3.5 billion in 2017 and coatings and specialty materials 2018 combined. to deliver growth and value in our $ business. We further strengthened (continued next page) 1.4B our portfolio by completing four Reported net income from acquisitions during the year. continuing operations, We have also continued our legacy or $5.32 per diluted share At PPG, our scientists develop innovative paints and coatings of returning cash to shareholders, that protect automobiles from highway to driveway. The same commitment to innovation is inside every gallon of PPG paint * See footnote 2 at the bottom of page 3. you use to protect your home. And that’s a commitment that’s hard to top. Today, PPG is entirely " focused on innovating paints, coatings and specialty materials to deliver growth and value in our business." PPG ANNUAL REPORT AND FORM K i A Message from Our Chairman 135 years of heritage, committed to the future As we begin 2018, our 135th year in operation, the focus on our purpose has never been stronger and extends beyond the economic boundaries of our business to ensure the long-term sustainability of PPG. There is no better example than the investments we are making in communities where we operate. Recently, I was privileged to join PPG’s top 100 global leaders at an elementary school in Miami to truly personalize our mission. As part of PPG’s COLORFUL COMMUNITIES® initiative, we painted murals, brightened the school’s library and cafeteria, and created an outdoor learning classroom. It was a special opportunity to help the school create a brighter, more vibrant learning environment. Supporting communities PPG and the PPG Foundation collaborate with our employees and community partners to breathe continuous life into our mission: We protect and beautify the world. We dedicate financial resources, apply our products and use the power of our passionate employee- volunteers to address the needs of communities – and to help transform lives in the process. Through the Colorful Communities initiative and other community engagement programs, we invested more than $10.5 million in 2017, supporting hundreds of organizations across 29 countries. Committed volunteers contribute their time and apply PPG paint products to help transform community assets – from painting classrooms, to bringing color to a maternity ward and redesigning a playground. Since 2015, PPG has completed more than 125 Colorful Communities projects, improving life for more than 4 million people. I encourage you to visit ppg.com to view our videos that show how these projects positively impact the many children and their families. Enduring commitment to innovation and sustainability Our commitment to innovation is intertwined with growth and sustainability. It covers a wide range of products and services that provide environmental, safety and other benefits to our customers. Our products contribute to lighter, more fuel-efficient vehicles, airplanes and ships, and they help our customers reduce their energy consumption, conserve water and reduce waste. Our technologies are helping manufacturers to protect their assets and products from corrosion, and we are sharing those technologies across our businesses. Our goal is to achieve 25 percent of total sales from products introduced in the last four years. In 2017, we invested nearly $500 million in research and development. Examples include PPG’s award-winning waterborne technologies, our compact painting process for vehicles, and new coatings for lithium batteries needed for electric cars. ii PPG ANNUAL REPORT AND FORM K A Message from Our Chairman Our technologies are helping " manufacturers to protect their assets and products from corrosion, and we are sharing those technologies across our businesses. " Emerging opportunities We’re continuously focused on emerging trends, working alongside customers to create innovative solutions. We’re embracing new ways of thinking and trying new approaches. A prime example is our newly formed mobility team, which is focused on developing and commercializing growth opportunities in the emerging, global market for autonomous and electric vehicles. We are preparing for a future of shared and connected vehicles. In addition, we are leveraging digital initiatives across our businesses. We are focused on the future and constantly preparing to take advantage of evolutions in our markets. Growing long-term value with sustainable business practices PPG’s culture of continuous improvement underpins our approach and commitment to sustainability. Whether it’s increasing the efficiency of our operations or developing our people, our improvement efforts naturally extend to many areas that impact our sustainability performance. Our employees continued to enhance and strengthen our sustainable operations. During the year, we recognized more than 200 projects through our internal sustainability awards initiative. These projects, which we estimate saved more than $17 million, helped us reduce our energy consumption, waste, water use and emissions. As PPG’s portfolio has continued to evolve, we are evaluating our business and striving to achieve even more. With the release of our Corporate Sustainability Report in April 2018, we will announce new, aggressive goals that will guide our company in increasing the use of sustainable business practices. (continued next page) SUSTAINABILITY HIGHLIGHTS 32% -22% -25% -4% Of sales from sustainable- Energy Greenhouse gas Waste disposal advantaged products, an intensity emission intensity intensity increase of 12% reduction reduction reduction since 2012 PPG ANNUAL REPORT AND FORM K iii A Message from Our Chairman The value of diverse perspectives One of PPG’s greatest strengths is the diversity of our people, EXTERNAL who represent wide-ranging nationalities, cultures, languages, RECOGNITIONS religions, ethnicities, lifestyles and professional and educational backgrounds. PPG’s ongoing diversity and inclusion efforts #1 on FORTUNE® World’s Most Admired begin at the highest levels of our company. We are proud of the Companies in the chemicals sector diversity represented in our 11-member board of directors. Our board plays an instrumental role in our focus, strategic direction and path forward. FORBES® World’s Best Employers Through extensive, new recruiting and hiring efforts, we are committed to attracting, hiring and retaining future Human Rights Campaign Foundation’s generations of diverse and talented employees. In 2017, we CORPORATE EQUALITY INDEX® achieved a 100-percent score on the Human Rights Campaign Foundation’s Corporate Equality Index and were recognized by THE WALL STREET JOURNAL® Forbes Magazine on its list of “World’s Best Employers.” Management Top 250 We firmly believe that our company and communities benefit when we provide equal opportunities for diverse suppliers to #1 on Coatings World’s compete for our business. So through a variety of supplier- Top 100 Companies list diversity programs, we seek out small businesses and businesses owned by veterans, minorities
Load more

Recommended publications
  • Corporate Sustainability Report Update a Message from the Chairman I Am Pleased to Present the 2009 Update to PPG’S Corporate Sustainability Report
    2009 Corporate Sustainability Report Update A Message From the Chairman I am pleased to present the 2009 update to PPG’s Corporate Sustainability Report. Last year, we published our first sustainability report, covering activities in 2008. At that time, we announced our intention to produce a full report every two years, issuing an update in intervening years to summarize new data and developments. This is the first of these updates, reflecting new activities and information for 2009. As an update to our inaugural Corporate Sustainability Report, it is designed to be read in conjunction with the original report. While 2009 clearly posed challenges for our businesses in terms of difficult economic conditions, I believe that PPG’s performance was admirable under the circumstances. Of equal As I said in my first letter, over the course of our more than importance, however, the economy did not detract from or 125-year history, PPG has grown and thrived by making sound deter our efforts toward driving the concepts of sustainability business decisions, and we are no stranger to the concepts throughout everything we do at PPG. of sustainable business practices. Moreover, we hope that the issuance of these reports and updates encourages our In this update, you’ll read about how our business portfolio stakeholders to engage in a dialogue with our company continues to evolve; how we managed through the recent that results in improved performance and greater mutual recession; new environmentally-beneficial products we understanding. introduced in 2009; our progress toward our environmental, health and safety goals; new philanthropic initiatives; awards and recognition we’ve received, and more.
    [Show full text]
  • 2020 Annual Report
    2020 Annual Report Some photos taken prior to the start of the COVID-19 pandemic. A Message from Our Chairman Dear Shareholders, We generated more than $2.1 billion of cash from operations, which is a record, and we For all of us, 2020 was a year of significant continue to have excellent financial flexibility challenges and many sacrifices. We have with cash and short-term investments of learned to adapt through a global pandemic, about $1.9 billion at year-end. We also respond to an uncertain economic continued our legacy of returning cash environment, meet the changing needs to shareholders, with about $500 million of our customers, help support our returned in 2020 through dividends, communities, and confront social equality including an annual per share dividend and injustice. increase for the 49th consecutive year. Despite these challenges, I am extremely Our capital-light structure enabled us to proud of how our 47,000 employees sustain long-term investments, despite the came together as One PPG. Thanks to challenging economic environment in 2020. the dedication of our people, we’ve seen We continued to invest in mobility and digital countless, extraordinary examples of efforts initiatives that will pay significant dividends to keep our operations running. Today, PPG in the years ahead. We launched new passive remains steadfast in our commitment to fire protection coatings for the inside of develop innovative products and sustainable battery casings for electric vehicles and Our focus on the future solutions that create value for our customers thermal gap fillers, delivering initial wins in and our shareholders – growing sales I strongly believe that we are well-positioned the automotive market beyond our traditional as a company for the coming year and beyond.
    [Show full text]
  • PPG Corporate Sustainability Report
    2012 PPG CORPORATE SUSTAINABILITY REPORT Bringing innovation to the surface.™ LETTER FROM THE CHAIRMAN his year marks PPG’s 130th in business. Since our earliest commitment and provide our global employees with the framework T days, sustainable business practices have been embedded to continue to drive environmental stewardship at PPG facilities. in our culture and strategy. Today, our global growth and expansion They also further empower our employees to create safer and continue to be supported by a belief that these practices are not healthier workplaces. 2 only the right things to do, but that they also give PPG and our 0 customers competitive advantages. The launch of our new sustainability vision, values and goals follows 1 more than a year of in-depth internal and external analysis to 2 During the last decade, PPG has transformed itself from a diversified, determine what is most meaningful and impactful to PPG and our multibusiness manufacturer to being the world’s leading coatings stakeholders. These tenets are directly linked to PPG’s core vision P P and specialty products company. In early 2013, PPG completed and values, thereby supporting the sustainability of our enterprise. G two strategic actions first announced in 2012 that have significantly In 2013, we intend to expand and enhance accelerated our transformation. First, we finalized the separation the ways in which we engage employees in I of our former commodity chemicals business and its subsequent innovative programs to achieve our goals. n merger with Georgia Gulf to create Axiall Corporation. Second, we d expanded our architectural coatings portfolio with the acquisition of Metrics in this report include data from our u AkzoNobel’s North American architectural coatings business.
    [Show full text]
  • PPG Industries Annual Report 2020
    PPG Industries Annual Report 2020 Form 10-K (NYSE:PPG) Published: February 20th, 2020 PDF generated by stocklight.com UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File Number 1-1687 PPG INDUSTRIES, INC. (Exact name of registrant as specified in its charter) Pennsylvania 25-0730780 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) One PPG Place Pittsburgh Pennsylvania 15272 (Address of principal executive offices) (Zip code) Registrant’s telephone number, including area code: 412 434-3131 Securities Registered Pursuant to Section 12(b) of the Act: Name of each exchange on Title of each class Trading Symbol(s) which registered Common Stock – Par Value $1.66 2/3 PPG New York Stock Exchange 0.875% Notes due 2022 PPG 22 New York Stock Exchange 0.875% Notes due 2025 PPG 25 New York Stock Exchange 1.400% Notes due 2027 PPG 27 New York Stock Exchange Securities Registered Pursuant to Section 12(g) of the Act: None Indicate by check mark if the Registrant is a well-known seasoned issuer as defined in Rule 405 of the Securities Act. Yes ☐ No ☒ Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.
    [Show full text]
  • 2020 Annual Report & Form 10-K
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File Number 1-1687 PPG INDUSTRIES, INC. (Exact name of registrant as specified in its charter) Pennsylvania 25-0730780 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) One PPG Place Pittsburgh Pennsylvania 15272 (Address of principal executive offices) (Zip code) Registrant’s telephone number, including area code: 412 434-3131 Securities Registered Pursuant to Section 12(b) of the Act: Name of each exchange on Title of each class Trading Symbol(s) which registered Common Stock – Par Value $1.66 2/3 PPG New York Stock Exchange 0.875% Notes due 2022 PPG 22 New York Stock Exchange 0.875% Notes due 2025 PPG 25 New York Stock Exchange 1.400% Notes due 2027 PPG 27 New York Stock Exchange Securities Registered Pursuant to Section 12(g) of the Act: None Indicate by check mark if the Registrant is a well-known seasoned issuer as defined in Rule 405 of the Securities Act. Yes ☐ No ☒ Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒ Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months, and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • PPG Corporate Sustainability Report a Message from the Chairman
    2010 PPG Corporate Sustainability Report A Message From the Chairman . 1 Business Performance . 16 Contents Company Profile . 2 Energy & the Environment . 20 Stakeholder Engagement . 4 Employees & the Workplace . 34 Leadership, Innovation & Sustainability . 6 Community Involvement & Social Performance . 42 Ethics & Compliance . 8 Awards & Recognition . .. 50 Corporate Governance . 10 Boundary & Scope of Report, GRI Index . 54 2010 PPG CORPORATE SUSTAINABILITY REPORT A Message From the Chairman hen I think about sustainability at PPG, two It is my belief that, over the next several years, W thoughts come to mind . First, in many ways we will be able to leverage these opportunities and what PPG is doing in terms of sustainability is new . We overcome this obstacle . are taking advantage of new technologies and new When PPG published its first sustainability report in capabilities, and we are bringing a new emphasis 2008, we stated our intent to issue a full report every and management structure to bear on achieving our two years and updates in intervening years . Now, goals . On the other hand, sustainability is business in this second full report, you will not only read the as usual at PPG . An underlying principle for the facts and figures that represent the measurement company since its founding in 1883, a commitment of our efforts over the past two years, but you’ll also to sustainability has been crucial to our long-term see specific examples of how we have elevated our success, and we have grown and thrived by making approach and challenged ourselves to grow in a sound business decisions with profit, people and sustainable way .
    [Show full text]
  • PPG Industries, Inc. All Rights Reserved
    ~$400M Completed $15.3B acquisitions Net sales Full-year 2015 Full-year 2015 $1.5B ~$475M Cash and Capital short-term spending investments and growth At year-end projects Full-year 2015 2015 Annual Report linkedin.com/company/ppg-industries PPG One PPG Place facebook.com/ppgindustries Pittsburgh, PA 15272 twitter.com/ppgindustries 412.434.3131 The PPG Logo is a registeredyoutube.com/user/PPGIndustriesInc trademark and Colorful Communities and We protect and beautify the world are www.ppg.com trademarks of PPG Industries Ohio, Inc. Comex is a registered trademark of Consorcio Comex, S.A. de C.V. Copyright © 2016 PPG Industries, Inc. All rights reserved. Letter from the President For us, making the world and Chief Executive Officer a more beautiful place starts right at home. PPG-Comex recently celebrated the opening of its 4,000th store. NO INK To Our Valued PPG Shareholders, 2015 was another record year for our 132-year- old company. Thanks to our customers and employees, we were able to strengthen our AQUEOUS global paint and coatings businesses despite some challenging global economic conditions. Throughout the year, we continued to deliver on our commitment to produce industry leading paint, coatings and specialty materials that our customers trust to protect and beautify their products and surroundings. Our employees’ DO NOT PRINT dedication, energy, innovative spirit and technical know-how are key reasons why customers rely on PPG. Our Performance PPG delivered strong financial results in 2015, achieving the highest adjusted earnings per diluted share in company history. Our Strategic Actions Highlights of our financial performance include: We also completed several strategic In 2015, we continued to reinvest in our initiatives aimed at creating long-term businesses while also distributing cash • Record full-year adjusted earnings per value for our shareholders.
    [Show full text]
  • Ppg Annual Report and Form 10-K 3 Ppg Industries, Inc
    2010 PPG AnnualAnnual ReportReport and Form 10-K PPG Industries’ vision is to continue to be the Company Profile world’s leading coatings and specialty products company. Founded in 1883, the company serves customers in industrial, transportation, consumer products, and construction markets and aftermarkets. With headquarters in Pittsburgh, PPG operates in more than 60 countries around the globe. Sales in 2010 were $13.4 billion. PERFORMANCE COATINGS n OPTICAL AND SPECIALTY MATERIALS n n AEROSPACE. Leading supplier of transparencies, sealants, n OPTICAL PRODUCTS. Produces optical monomers coatings and surface solutions, packaging, and chemical and coatings, including CR-39® and Trivex® lens materials, management services, serving original equipment high performance sunlenses, cast sheet transparencies, manufacturers and maintenance providers for the commercial, photochromic dyes and Transitions® photochromic military, regional jet and general aviation industries. Also ophthalmic plastic lenses. supplies transparent armor for military markets. n SILICAS. Produces amorphous precipitated silicas for n ARCHITECTURAL COATINGS — AMERICAS AND tire, battery separator and other end-use applications ASIA/PACIFIC. Produces paints, stains and specialty and Teslin® substrate used in applications such as coatings for the commercial, maintenance and residential radio frequency identification (RFID) tags and labels, markets under brands such as PPG Pittsburgh Paints™, e-passports, driver’s licenses and identification cards. PPG Porter Paints™, PPG, Master’s Mark®, Renner®, Lucite®, Olympic®, Taubmans® and Ivy®. COMMODITY CHEMICALS n n AUTOMOTIVE REFINISH. Produces and markets n CHLOR-ALKALI AND DERIVATIVES. Produces chlorine, a full line of coatings products and related services for caustic soda and related chemicals for use in chemical automotive and commercial transport/fleet repair and manufacturing, pulp and paper production, water refurbishing, light industrial coatings and specialty treatment, plastics production, agricultural products, coatings for signs.
    [Show full text]
  • PPG 2011 Annual Report.Indd
    2011 PPG Annual Report and Form 10-K PPG Industries’ vision is to continue to be the world’s leading coatings and specialty products Company Profile company. Through leadership in innovation, sustainability and color, PPG helps customers in industrial, transportation, consumer products, and construction markets and aftermarkets to enhance more surfaces in more ways than does any other company. Founded in 1883, PPG has global headquarters in Pittsburgh and operates in more than 60 countries around the world. Sales in 2011 were $14.9 billion. PERFORMANCE COATINGS n OPTICAL AND SPECIALTY MATERIALS n n AEROSPACE. Leading manufacturer of transparencies, n OPTICAL PRODUCTS. Produces optical monomers electrochromic cabin window shades, sealants and coatings, and coatings, including CR-39®, Trivex® and Tribrid™ lens and provider of surface solutions, packaging, and chemical materials, high performance NXT® sunlenses, optical sheet management services, delivering new technologies and transparencies, photochromic dyes and Transitions® solutions to airframe manufacturers, airlines and maintenance photochromic eyeglass lenses. providers for the commercial, military and general aviation n industries globally. Also supplies transparent armor for SILICAS. Produces amorphous precipitated silicas for tire, ® military vehicles. battery separator and other end-use applications and Teslin substrate used in applications such as radio frequency n ARCHITECTURAL COATINGS AMERICAS AND identification (RFID) tags and labels, e-passports, driver’s ASIA PACIFIC. Produces paints, stains and specialty coatings licenses and identification cards. for the commercial, maintenance and residential markets under brands such as PPG Pittsburgh Paints®, PPG Porter COMMODITY CHEMICALS n Paints®, PPG, Master’s Mark®, Renner®, Lucite®, Olympic®, n CHLOR-ALKALI AND DERIVATIVES. Produces chlorine, Taubmans® and Ivy®.
    [Show full text]
  • 2013 PPG Annual Report and Form 10-K
    Bringing innovation to the surface.™ PPG Industries One PPG Place Pittsburgh, PA 15272 USA +1-412-434-3131 www.ppg.com LinkedIn: linkedin.com/company/ppg-industries Facebook: facebook.com/ppgindustries Twitter: twitter.com/ppgindustries 2013 PPG Annual Report and Form 10-K 30% This annual report is printed on paper that is FSC-certified, contains 30% post-consumer recovered fiber and is manufactured with electricity in the form of renewable energy. AR-CORP-0214-ENG-17K PPG Profile Performance Coatings COLOR AEROSPACE. Leading manufacturer of transparencies, sealants, and coatings, and PPG Industries’ vision is to continue to be the world’s provider of electrochromic window systems, surface solutions, packaging, and leading coatings and specialty materials company. Through chemical management services, delivering new technologies and solutions to airframe manufacturers, airlines and maintenance providers for the commercial, leadership in innovation, sustainability and color, PPG helps military and general aviation industries globally. Also supplies transparent armor customers in industrial, transportation, consumer products, for military vehicles, buildings and rail. and construction markets and aftermarkets to enhance ARCHITECTURAL COATINGS – AMERICAS AND ASIA PACIFIC. Produces more surfaces in more ways than does any other company. paints, stains and specialty coatings for the commercial, maintenance and Founded in 1883, PPG has global headquarters in Pittsburgh residential markets under brands such as The PPG logo®, GLIDDEN®, FLOOD®, SIKKENS®, LIQUID NAILS®, PPG PORTER PAINTS®, MASTER’S MARK®, NO and operates in nearly 70 countries around the world. RENNER®, LUCITE®, OLYMPIC®, SICO®, DULUX®, TAUBMANS® and IVY®. PPG shares are traded on the New York Stock Exchange Produces and markets, primarily through independent INK (symbol:PPG).
    [Show full text]
  • Architectural Coatings Overview PPG Industries, Inc
    Global Architectural Coatings Overview PPG Industries, Inc. May 15, 2014 Dallas, Texas 1 Forward Looking Statements Statements contained herein relating to matters that are not historical facts are forward-looking statements reflecting PPG’s current view with respect to future events and financial performance. These matters within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, involve risks and uncertainties that may affect PPG’s operations, as discussed in PPG’s filings with the Securities and Exchange Commission pursuant to Sections 13(a), 13(c) or 15(d) of the Exchange Act, and the rules and regulations promulgated thereunder. Accordingly, many factors could cause actual results to differ materially from the forward-looking statements contained herein. Such factors include global economic conditions, increasing price and product competition by foreign and domestic competitors, fluctuations in cost and availability of raw materials, the ability to maintain favorable supplier relationships and arrangements, the realization of anticipated cost savings from restructuring initiatives, difficulties in integrating acquired businesses and achieving expected synergies therefrom, economic and political conditions in international markets, the ability to penetrate existing, developing and emerging foreign and domestic markets, foreign exchange rates and fluctuations in such rates, fluctuations in tax rates, the impact of future legislation, the impact of environmental regulations, unexpected business disruptions, and the unpredictability of existing and possible future litigation, including litigation that could result if the asbestos settlement discussed in PPG’s filings with the Securities and Exchange Commission does not become effective.
    [Show full text]
  • 2016-Ppg-Annual-Report.Pdf
    2016 Annual Report The PPG Logo is a registered trademark and Colorful Communities, PPG Paints Arena and We protect and beautify the world are trademarks of PPG Industries Ohio, Inc. Comex is a registered trademark of Consorcio Comex, S.A. de C.V. Pittsburgh Penguins is a registered trademark of Pittsburgh Penguins, L.P. ©2017 PPG Industries, Inc. All rights reserved. 2016 Colorful Communities Initiative Our Valued PPG Shareholders, + PPG had a successful year in 2016, despite a more 40 20 PROJECTS COUNTRIES challenging global economic environment and growing geopolitical uncertainty in many of the regions where we operate. Thanks to our customers and employees, we were able to continue to strengthen our paint and coatings business around the world. 17,415 Highlighting our financial We also completed several strategic In addition, our employees continue VOLUNTEER HOURS performance, we: actions to make PPG stronger and to develop ways to improve the way more resilient in the future. These we operate. Last year, nearly 200 3,430 • Reported net income from included: projects were recognized through our VOLUNTEERS continuing operations of $564 internal sustainability awards initiative. million, or $2.11 per diluted share. • The completion of four acquisitions, We estimate that our sustainability increasing our geographic and and ergonomic-related improvement • Reported adjusted earnings per product scope: MetoKote (U.S. projects in 2016 saved more than diluted share from continuing coatings services), Univer (Italy $30 million. operations of $5.82. architectural coatings), Deutek (Romania architectural coatings, In our communities, PPG volunteers • Achieved 7 percent adjusted closed in January, 2017) and Futian led more than 40 COLORFUL earnings per diluted share growth.
    [Show full text]