PPG Industries Files 8-K on Financials and Debt
Ticker: PPG · Form: 8-K · Filed: 2024-04-18T00:00:00.000Z
Sentiment: neutral
Topics: financial-condition, debt, disclosure
TL;DR
PPG filed an 8-K detailing its financial condition and debt, including notes due in 2025.
AI Summary
On April 18, 2024, PPG Industries, Inc. filed an 8-K report. The filing primarily concerns the company's financial condition and results of operations, including details on various debt instruments such as its 0.875% notes due 2025 and 1.875% notes due 2025. The report also lists exhibits related to these financial matters.
Why It Matters
This filing provides investors with an update on PPG Industries' financial health and its outstanding debt obligations, which are crucial for assessing the company's stability and future performance.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of financial information and does not indicate any immediate or significant risks.
Key Players & Entities
- PPG INDUSTRIES, INC. (company) — Registrant
- 0.875% notes due 2025 (dollar_amount) — Debt Instrument
- 1.875% notes due 2025 (dollar_amount) — Debt Instrument
- April 18, 2024 (date) — Report Date
FAQ
What is the primary purpose of this 8-K filing by PPG Industries?
The primary purpose of this 8-K filing is to report on PPG Industries' Results of Operations and Financial Condition, as well as to include Financial Statements and Exhibits.
What specific debt instruments are mentioned in the filing?
The filing mentions several debt instruments, including PPG's 0.875% notes due 2025, 1.875% notes due 2025, 1.400% notes due 2027, and 2.750% notes due 2029.
On what date was this 8-K report filed?
This 8-K report was filed on April 18, 2024.
In which state is PPG Industries incorporated?
PPG Industries, Inc. is incorporated in Pennsylvania.
What is the SIC code for PPG Industries?
The Standard Industrial Classification (SIC) code for PPG Industries is 2851, which corresponds to PAINTS, VARNISHES, LACQUERS, ENAMELS & ALLIED PRODUCTS.
Filing Stats: 538 words · 2 min read · ~2 pages · Grade level 9.9 · Accepted 2024-04-18 16:12:50
Key Financial Figures
- $1.66 — ch registered Common Stock, par value $1.66 2/3 PPG New York Stock Exchange 0.875
Filing Documents
- ppg-20240418.htm (8-K) — 33KB
- exhibit99-1q2024earningsre.htm (EX-99) — 182KB
- ppga21.jpg (GRAPHIC) — 179KB
- 0000079879-24-000094.txt ( ) — 652KB
- ppg-20240418.xsd (EX-101.SCH) — 3KB
- ppg-20240418_def.xml (EX-101.DEF) — 16KB
- ppg-20240418_lab.xml (EX-101.LAB) — 30KB
- ppg-20240418_pre.xml (EX-101.PRE) — 17KB
- ppg-20240418_htm.xml (XML) — 6KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On April 18, 2024, PPG Industries, Inc. ("PPG") issued the press release attached hereto as Exhibit 99, which is incorporated by reference herein. The information furnished pursuant to this Item 2.02 shall in no way be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, except if PPG specifically incorporates it by reference into a filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. The following exhibits are being furnished as part of this Report. Exhibit Number Description 99 Earnings press release of PPG Industries, Inc. dated April 18, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PPG INDUSTRIES, INC. (Registrant) Date: April 18, 2024 By: /s/ Vincent J. Morales Vincent J. Morales Senior Vice President and Chief Financial Officer