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We have a goal of achieving above-
market organic growth in each
business and region by solving our
customers’ most pressing problems
while improving productivity in their
operations. We continue to leverage
our scale while presenting “One PPG”
to delight customers with our superior
products and service.
PPG remains in a position of strength as
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. And of course, share
repurchases will remain an important
element of our capital allocation
strategy.
In the coming year, we will be faced
with an evolving economic and
regulatory environment. Despite this,
we expect improved momentum in
overall global economic growth with
gradually improving growth rates in
developed regions, and continuing but
uneven growth in emerging regions.
The timeline for growth improvement,
however, remains uncertain. We
continue to carefully manage costs
and identify opportunities to simplify
and streamline business processes.
As I tell my colleagues around the world,
PPG is a great company with talented
employees and excellent businesses.
I strongly believe our best years are
ahead of us.
Thank you for your continued interest
and investment in PPG.
Michael H. McGarry
Chairman and
Chief Executive Officer
ADJUSTED EARNINGS
PER DILUTED SHARE VS.
+
7
%
*
NET SALES
$
14.8B
DEPLOYED ON ACQUISITIONS
AND SHARE REPURCHASES
$
1.4B
IN CASH AND SHORTTERM
INVESTMENTS AT YEAREND
$
1.9B
REPORTED NET INCOME FROM
CONTINUING OPERATIONS
$
564MM
20 1 6 BY THE NUMBERS >
ADJUSTED NET INCOME FROM
CONTINUING OPERATIONS
$
1.55B
*
* For detailed information regarding these adjustments, refer to the Regulation G reconciliation in Item 7 of the 2016 Form 10-K.
PPG ANNUAL REPORT AND FORM
K