PPG’s annual revenue remained flat at $15.9 billion last year, while net profit surged 17% to $1.6 billion.

For the full year 2025, the Group achieved an EBITDA of $2.631 billion, up 9.26% year-on-year. Operating profit totaled $1.587 billion, an increase of 15.25% year-on-year. Net profit amounted to $1.571 billion, up 17% year-on-year. The net profit margin rose from 8.5% in the prior year to 9.9%. Adjusted net profit was $1.722 billion, down 7.0% year-on-year. Amid a challenging macroeconomic environment, the Company achieved earnings per share (EPS) of $6.92 for the full year 2025, with adjusted EPS at $7.58—down 4% year-on-year. The EBITDA margin across all business segments stood at 19%. These results reflect strong sales performance driven by our technologically advanced products and powerful brands, and we achieved record results across multiple business areas—including aerospace coatings, protective & marine coatings, and packaging coatings. In 2025, demonstrating remarkable adaptability amid macroeconomic headwinds, the Company posted volume and price growth across all four quarters, delivering 2% organic sales growth. It generated $1.9 billion in operating cash flow, with a free cash flow yield of 5%. During the year, the Company repurchased approximately $790 million worth of shares—about 3% of its outstanding shares. Including dividends, the Company returned $1.4 billion to shareholders in 2025. PPG Industries’ Q4 2025 Factors Impacting Operating Performance PPG’s net sales for Q4 2025 totaled $3.914 billion, up 5.0% year-on-year. Organic sales rose 3% year-on-year—the highest quarterly growth this year—driven by broad-based growth across all three business segments. Overall selling prices increased 1% year-on-year, partially offset by declines in index-based customer contract pricing. Total sales volume grew 2% versus Q4 2024. Net sales also included a 4% benefit from foreign exchange translation and a 2% reduction due to business divestitures. Sales growth was primarily driven by aerospace coatings, protective & marine coatings, and architectural coatings in Mexico; meanwhile, market share gains in the industrial coatings segment offset declines in automotive refinish coatings and architectural coatings in Europe and the Middle East. Net sales of automotive OEM coatings rose 6%, marking the second consecutive quarter of growth outpacing the industry average; Q4 net sales and segment income in aerospace coatings both reached new highs. Adjusted diluted EPS for Q4 2025 was $1.51, compared to reported diluted EPS of $1.34. Across all business segments, the Company achieved an 18% operating margin—down 40 basis points year-on-year—primarily reflecting improved margins in industrial coatings and global architectural coatings, partially offset by lower margins in high-performance coatings. Net profit was $302 million, up 15-fold year-on-year. Adjusted net profit was $341 million, down 9.0% year-on-year.

Another global chemical giant has sold businesses, closed factories, and cut 1,800 jobs!

Following last month’s announcement by AkzoNobel—one of the world’s leading paint companies—that it plans to cut 2,000 jobs to enhance cost efficiency, another Fortune 500 global paint leader has now publicly announced plans for workforce streamlining and business divestitures. On October 17, PPG Industries—a world-leading supplier of paints, coatings, and specialty materials—announced it has entered into a definitive agreement with U.S.-based industrial investor American Industrial Partners (AIP) to sell its architectural coatings businesses in the United States and Canada for $550 million (approximately RMB 3.917 billion). The transaction is expected to close by the end of 2024 or early 2025. On the same day, PPG also announced a comprehensive cost-reduction initiative. The plan is expected to generate approximately $175 million in annual pre-tax savings, including $60 million in savings anticipated for 2025. The initiative encompasses structural cost reductions across PPG’s global operations—including the divestiture of its silica products business and the aforementioned architectural coatings business—as well as the planned layoff of 1,800 employees across the U.S. and Europe and the closure of multiple manufacturing facilities. Specifically, the architectural coatings business being sold covers PPG’s U.S. and Canadian operations and includes nearly ten brand names such as GLIDDEN® and OLYMPIC®. The portfolio spans interior and exterior wall paints, stains, caulks, repair products, adhesives, and sealants. Facilities involved in the sale include seven production plants in the U.S. and two in Canada; 12 distribution centers; and over 15,000 distribution points—including 750 company-owned stores and 6,600 independent distributors—a substantial scale of operations. Reportedly, this U.S. and Canadian architectural coatings business accounted for approximately $2 billion of PPG’s total net sales in 2023, with an EBITDA margin in the low single digits. Divesting this business is expected to significantly reduce costs and improve profitability across PPG’s coatings segment and overall business. This streamlining effort targets underperforming businesses. In addition to the architectural coatings businesses being divested in certain regions, the silica business remains pending sale. According to PPG, its coatings businesses in Latin America, Europe, and the Asia-Pacific region rank among the top market share holders in their respective regions and will remain core components of the Company’s portfolio. Founded in 1883 and headquartered in Pittsburgh, Pennsylvania, PPG Industries is a long-established Fortune 500 U.S. supplier of paints, coatings, and specialty materials. Its principal products include paints, coatings, and specialty materials, serving key end markets such as construction, consumer goods, industrial applications, and transportation.

Goldman Sachs Adjusts Price Target on PPG Industries to $128 From $131

Oct 9, 2026

Goldman Sachs lowered its price target for PPG Industries to $128 from $131, while analysts maintain an average overweight rating with a mean target of $125.71.

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Goldman Sachs Adjusts Price Target on PPG Industries to $128 From $131

Moomoo

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Sumitomo Mitsui Trust Group Inc. Cuts Position in PPG Industries, Inc. $PPG

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Robeco Institutional Asset Management B.V. Sells 159,769 Shares of PPG Industries, Inc.

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Jim Cramer Doesn’t Want You to Worry About PPG Industries (PPG) & Inflation