2015 Sustainability Report



Despite challenging global economic conditions, we strengthened our global paint and coatings businesses in 2015 to deliver another record year.
We achieved the highest adjusted earnings per diluted share in company history. Other financial highlights included:
  • Record full-year adjusted earnings per diluted share from continuing operations of $5.69, up 17 percent year-over-year;
  • Full-year net sales of $15.3 billion; sales up more than 7 percent year-over-year in local currencies;
  • Full-year cash deployment of $1.15 billion, including business acquisitions that totaled more than $400 million (purchase price) and share repurchases of approximately $750 million;
  • Cash and short-term investments totaling $1.5 billion at year-end; and
  • Record $1.8 billion in cash from continuing operations, up 2 percent versus the prior year.
We also completed several strategic initiatives aimed at creating long-term value for our shareholders. These included the successful integration of Comex, the leading paint supplier in Mexico that we acquired in late 2014, and six smaller acquisitions that we expect will further strengthen our product, technology and distribution offerings to customers.
We continued to reinvest in our businesses while also distributing cash through dividends and share repurchases, deploying approximately $2 billion to grow the businesses and reward shareholders. These included:
  • Approximately $475 million directed toward capital spending, including several key growth projects;
  • More than $400 million spent on six acquisitions (purchase price); and
  • Approximately $1.1 billion returned to shareholders through dividends and share repurchases.
We also maintained our heritage of rewarding shareholders by raising our annual per share dividend payout for the 44th consecutive year, including a 7 percent per-share dividend increase in April 2015.
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Aerocron, Agilon, Aquabase, Aquacron, Bringing Innovation to the Surface, Colorful Communities, Deltron, Duranar, Enviro-prime, Envirobase, Global Refinish System, Hoba, INDX Stylized X Logo, PurAir, Nexa Autocolor, 2K, the PPG Logo, and Sunstorm are registered trademarks and Colorful Communities & Tree & Sun & PPG Logo, PPG Paints, PPG Paints Arena and Steelguard are trademarks of PPG Industries Ohio, Inc. Speedhide is a registered trademark of PPG Architectural Finishes, Inc. Vinimex and Comex are registered trademarks of Consorcio Comex, S.A. de C.V. Chromatic is a trademark of PPG AC – France. Responsible Care® and the ACC Logo are registered trademarks of the American Chemistry Council, Inc. Coatings Care and PaintCare are registered trademarks and the ACA Logo is a service mark of the American Coatings Association, Inc. Good Housekeeping and the GH Limited Warranty Seal are registered trademarks of Hearst Communications, Inc. LEED is a registered trademark of the U.S. Green Building Council. ENERGY STAR is a registered trademark owned by the U.S. Environmental Protection Agency. John Deere is a registered trademark of Deere & Company. FORTUNE and The World’s Most Admired Companies are registered trademarks of Time Inc. and are used under license. Domalux is a registered trademark of PPG Deco Polska Spolka z.o.o. WIN is a registered trademark of the Women’s Industry Network. Pittsburgh Penguins is a registered trademark of Pittsburgh Penguins, L.P. Responsible Mica Initiative Logo, The Guardian Logo, the Ethics and Compliance Initiative Logo, the European Council of Paint, Printing Ink and Artists' Colours Industry (CEPE) Logo, the Fipec Logo, the National Association of Manufacturers Logo, National Society of Black Engineers, NSBE, National Black MBA Association, and other third-party marks are property of their respective owners.