I continue to be inspired by the more than 50,000 PPG team members working every day to fulfill our purpose - to protect and beautify the world. The challenges we faced in 2022 were many - ongoing, historic cost inflation; geopolitical issues in Europe; COVID-19-related shutdowns in China; and impacts from supply disruptions and labor shortages. These challenges, however, sharpened our focus on creating increased value for customers, supporting our communities, and delivering results for shareholders.
The PPG team made it happen in 2022 by:
As I begin my new role as CEO, I've challenged our workforce to think big – prioritizing the investments that will differentiate us and move the needle for our customers and our business. We're continuing to look across our organization at ways to digitize our operations, modernize our manufacturing facilities and energize the PPG team around the world.
Our future holds so much promise with our team focused in the near term on:
I am energized to lead PPG and want to thank our customers for selecting PPG as their supplier of choice, our shareholders for their confidence and continued investment, and the global PPG team who demonstrates The PPG Way by making it happen every day.
President and Chief Executive Officer
PPG director Steven A. Davis unexpectedly passed away in 2022. His leadership, contributions to PPG and partnership as a beloved member of our Board will be greatly missed.
in net sales
adjusted earnings per diluted share
organic sales growth
in cash and short-term investments at year end