PPG Q4 Report 2022
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- Net sales of $4.2 billion, up 5% in constant currencies driven by higher selling prices
- Reported earnings per diluted share from continuing operations (EPS) of $1.01 and adjusted EPS of $1.22
- Margin recovery with segment earnings growth of more than 20% year-over-year, despite more severe commercial and supply disruptions in China than original guidance
- Higher effective tax rate in 2022 reduced year-over-year EPS by $0.25, primarily related to prior year discrete tax items that did not recur
