PPG's revenue remained flat year-on-year at $15.9 billion for the full 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, up 15.25% year-on-year. Net profit amounted to $1.571 billion, up 17% year-on-year. The net profit margin expanded 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 2025, with adjusted EPS at $7.58—a 4% decline year-on-year. EBITDA margins 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 businesses—including aerospace coatings, protective & marine coatings, and packaging coatings. In 2025, we demonstrated exceptional adaptability amid macroeconomic headwinds: sales volume and selling prices both increased across all four quarters, delivering 2% organic sales growth. We generated $1.9 billion in operating cash flow, with a free cash flow yield of 5%. During the year, we repurchased approximately $790 million worth of shares—about 3% of our outstanding shares. Combined with dividends, we returned $1.4 billion to shareholders in 2025. PPG Industrial Coatings—Key Factors Affecting Q4 2025 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 organic growth of the year—driven by broad-based growth across all three business segments. Overall selling prices increased 1% year-on-year; however, this gain was partially offset by price reductions under certain index-based customer contracts. Overall sales volume rose 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. In addition, market share gains in our 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 outperformance relative to industry averages. Both net sales and segment income for aerospace coatings reached new highs in Q4 2025. 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 operating margin of 18%, down 40 basis points year-on-year—primarily attributable to improved margins in industrial coatings and global architectural coatings, partially offset by lower margins in the high-performance coatings segment. Net profit totaled $302 million, up 15-fold year-on-year. Adjusted net profit was $341 million, down 9.0% year-on-year.

PPG H1: Net sales of RMB 56.4 billion; high-performance coatings continue to lead.

Huizheng Information, July 29: PPG released its financial results for the second quarter of 2025. The report shows net sales of $4.2 billion (approximately RMB 29.93 billion), down 1% year-on-year (impacted by business divestitures). Net profit was $450 million (approximately RMB 3.2 billion), down 9% year-on-year. Adjusted net profit was $504 million (approximately RMB 3.6 billion), down 9% year-on-year. Organic sales grew 2% year-on-year—driven by increases in both volume and pricing. Diluted EPS was $1.98; adjusted EPS was $2.22. Segment operating margin was 17.7%; segment EBITDA margin was 20.3%. Share repurchases totaled $150 million this quarter, bringing the year-to-date total to $540 million. Chairman and CEO Commentary Tim Knavish, Chairman and CEO of PPG, commented on the quarter’s performance: “We are pleased with our momentum—achieving 2% organic sales growth this quarter, with volume and pricing each contributing one percentage point. This reflects PPG’s strength in an increasingly volatile macroeconomic environment, powered by our robust product portfolio and global commercial execution. The High-Performance Coatings segment set new quarterly records for both sales and profitability, with organic sales up 6%, driven by strong customer demand for our technologically advanced products and services. After several quarters of contraction, volumes in the Industrial Coatings segment have stabilized, and early benefits from market share gains are beginning to emerge. Overall demand for architectural coatings in Europe remains weak—especially in Eastern Europe—though organic sales growth in Northern Europe and the UK partially offset this weakness. Retail architectural coatings demand in Mexico remains solid, although project-related spending improved sequentially but remains below year-ago levels. Regionally, organic sales in the U.S. and Canada posted mid-single-digit growth—the second consecutive quarter of year-on-year growth—while Latin America delivered comparable organic growth. Looking ahead, we expect volume growth momentum to accelerate in the second half, driving strong year-on-year profit growth. Market share gains in Industrial Coatings will continue to bear fruit, with low-single-digit volume growth anticipated in Q3 and Q4—particularly in automotive OEM coatings, packaging coatings, and industrial coatings, all expected to outpace industry averages. Most businesses within the High-Performance Coatings segment will maintain steady growth, though automotive refinish sales may decline due to reduced industry activity and shifting customer ordering patterns. Additionally, architectural coatings will benefit as project-related demand in Mexico is expected to improve in the second half of 2025. Accelerating volume growth, combined with ongoing self-help initiatives, is expected to deliver high-single-digit year-on-year EPS growth in the second half. PPG’s diversified global business portfolio, continued implementation of productivity initiatives, stable cash generation capability, and strong balance sheet give me confidence in achieving our full-year targets. We reaffirm our 2025 full-year EPS guidance range of $7.75 to $8.05. Business Segment Performance ● Global Architectural Coatings Segment Impacted by the divestiture of PPG’s architectural coatings business in Russia and lower sales volume, net sales for the Global Architectural Coatings segment declined 5% year-on-year to $1.018 billion (approximately RMB 7.28 billion) in Q2 2025.

PPG Industries Executive Files Form 4 Stock Transaction Report

Nov 2, 2026

PPG Industries disclosed a Form 4 filing for Juliane M. Hefel, Senior VP of Industrial Coatings & Specialty Products, detailing securities transactions on October 30.

Investing.com Nigeria

2026-10-16

PPG Industries CFO Jamie A. Beggs Increases Holdings to 55.1406 Units via Grant

2026-10-16

PPG Industries Executive Files Form 4 for Stock Acquisition

2026-10-16

PPG Industries Senior VP & CFO Files Form 4 Stock Transaction Report

2026-10-16

PPG Industries Senior VP & CFO Jamie A. Beggs Files Form 4 on October 15

2026-10-17

PPG Industries: Juliane M. Hefel Files Form 4 on October 15