Reports Q4 revenue $4.4B, consensus $4.27B. Tim Knavish, PPG chairman and chief executive officer, commented on the quarter and 2023: “Capping off a record year, the PPG team delivered solid year-over-year sales growth, strong adjusted earnings growth and record operating cash flow. The breadth and diversity of our business portfolio was a key driver to our record fourth quarter performance, as we benefited from solid volume growth in China, demand stabilization in Europe and continued growth in several key end-use markets such as aerospace, automotive original equipment manufacturer (OEM) and protective coatings.”
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