2021 Financial Highlights
and PPG Shareholder Information


2021 Overview

 
Item 2021 2020 2019
Net Sales $16,802 $13,834 $15,146
Adjusted earnings per diluted share (from continuing ops) (1,2) $6.77 $6.12 $6.64
Dividends per Share $2.26 $2.10 $1.98


Net Sales by Reportable Segment

61%Performance Coatings
39%Industrial Coatings


Item 2021 2020 $ Change % Change
Net Sales $16,802 $13,834 $2,968 21%
Income from continuing operations $1,420 $1,056 $364 34%
Income from discontinued operations $19 $3 $16 533%
Net Income $1,439 $1,059 $380 36%
Earnings per diluted share from continuing operations $5.93 $4.44 $1.49 34%
Earnings per diluted share from discontinued operations $0.08 $0.01 $0.07 700%
Total earnings per diluted share $6.01 $4.45 $1.56 35%
Adjusted earnings per diluted share from continuing operations (1,2) $6.77 $6.12 $0.65 11%
Dividends per share $2.26 $2.10 $0.16 8%
Return on average capital 12.0% 10.7% 1.3% 12%
Operating cash flow (from continuing operations) $1,562 $2,129 $(567) -27%
Capital spending (excluding business acquisitions) $371 $304 $67 22%
Research and development $463 $401 $62 15%
Average shares outstanding - assuming dilution 239.4 237.9 1.5 1%
Average number of employees 49,300 46,900 2,400 5%
PPG Shareholders' equity $6,286 $5,689 $597 10%


PPG Shareholder Information
Quarterly Stock Market Price 2021 2020
Quarter Ended High Low High Low
31-Mar $156.57 $132.10 $134.16 $69.77
30-Jun $182.97 $146.73 $116.45 $78.01
30-Sep $172.52 $143.00 $131.09 $103.58
31-Dec $172.98 $141.81 $149.88 $120.00

The number of holders of record of PPG common stock as of January 31, 2022 was 13,257 as shown on the records of the Company's transfer agent.



Dividends 2021 2020
Month of Payment Amount (millions) Per Share Amount (millions) Per Share
March $128 $0.54 $120 $0.51
June $128 $0.54 $121 $0.51
September $140 $0.59 $127 $0.54
December $140 $0.59 $128 $0.54
Total $536 $2.26 $496 $2.10