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

PPG Industrial's Factors Affecting Q4 2025 Operating Performance PPG reported net sales of $3.914 billion for the fourth quarter of 2025, an increase of 5.0% year-on-year. Organic sales rose 3% year-on-year—the highest quarterly organic growth achieved this year—driven by broad-based growth across all three business segments. Overall selling prices increased 1% year-on-year, partially offset by price reductions in certain index-based customer contracts. Unit volume grew 2% compared to the same quarter last year. Net sales also included a 4% benefit from foreign exchange translation and a 2% decline attributable to divestitures. Sales growth was primarily driven by aerospace coatings, protective and 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 industry averages; Q4 net sales and segment income in aerospace coatings both reached record highs. Adjusted diluted earnings per share (EPS) for Q4 2025 were $1.51, versus reported diluted EPS of $1.34. PPG’s consolidated operating margin stood at 18%, down 40 basis points year-on-year, reflecting margin improvements in the industrial coatings and global architectural coatings segments, partially offset by a decline in the performance coatings segment. Net income totaled $302 million, a fifteen-fold increase year-on-year. Adjusted net income amounted to $341 million, down 9.0% year-on-year. EBITDA reached $550 million, up 155.81% year-on-year. 1 Operating Performance Review Tim Knavish, PPG Chairman and CEO, stated: “In the fourth quarter, we accelerated our growth momentum, achieving 3% organic sales growth—the highest quarterly organic growth of the year—fueled by gains in both volume and pricing, with volume increases recorded across all regions. Our global architectural coatings business demonstrated sequential quarterly improvement throughout 2025, with organic sales rising 2% in Q4, driven by the recovery of project-related sales in Mexico and strong retail sales performance. By contrast, overall demand in Europe remained uneven. Organic sales in the performance coatings segment rose 3% in the quarter. Outstanding results in aerospace coatings and protective & marine coatings were partially offset by softer demand in automotive refinish coatings—a trend reflecting customers’ front-loaded ordering patterns concentrated in the first half of the year. Pricing increased 4% year-on-year, supported by robust demand for our technology-advantaged products and services. Organic sales in the industrial coatings segment rose 4% year-on-year, driven by market share gains—evident in our outperformance relative to industry production volumes in automotive OEM coatings, industrial coatings, and especially packaging coatings, where unit volumes posted double-digit growth this quarter.

PPG Industries released its financial results for the fourth quarter and full year of 2023.

PPG is a long-established global enterprise specializing in the manufacturing and supply of paints, coatings, and specialty materials. ・ Year Founded: PPG was founded in 1883, boasting over a century of history. ・ Headquarters: The company’s headquarters is located in Pittsburgh, Pennsylvania—the city where it was originally established. ・ Fortune 500: PPG has consistently ranked on the U.S. Fortune 500 list since 1955, underscoring its enduring stability and prominence among American corporations. ・ 2020 Ranking: In the 2020 Fortune 500 ranking, PPG ranked No. 209. ・ World’s Most Admired Chemical Company: For multiple consecutive years, PPG has been named the World’s Most Admired Chemical Company by Fortune magazine—an accolade likely attributable to its industry leadership, innovation capabilities, and successful global operations. ・ Core Products: PPG’s product portfolio spans paints, coatings, and a wide range of specialty materials, serving diverse end markets including architecture, consumer goods, industrial applications, transportation, and aftermarket services. ・ Global Presence: PPG operates in over 70 countries worldwide, reflecting its extensive international footprint and truly global operational scale. Recently, PPG Industries announced its financial results for the fourth quarter and full year of 2023, providing investors and the broader market with critical insights into the company’s operational health. Q4 Highlights Net Sales: ・ Record net sales of $4.4 billion, signifying exceptional sales performance for the quarter. ・ Net sales increased 4% year-on-year, with organic sales up 1%. This reflects sustained growth and competitive strength in the marketplace. Earnings Per Share (EPS): ・ Reported diluted EPS was $0.38; adjusted diluted EPS was $1.53—demonstrating strong profitability aligned with investor expectations. Profit Margins: ・ Progress in margin recovery was evident, with segment profit improving by 260 basis points year-on-year—highlighting significant achievements in cost management and operational efficiency. Share Repurchase: ・ The company executed a $100 million share repurchase, underscoring its commitment to shareholder value and confidence in its own stock. These highlights collectively reflect PPG’s robust Q4 performance and sound financial condition. Full-Year 2023 Highlights Record Sales: ・ Achieved record annual sales of $18.2 billion, reinforcing the company’s strong market position. ・ Sales growth was primarily driven by 3% organic sales growth, indicating strong market acceptance of PPG’s products. Earnings Per Share (EPS): ・ Full-year EPS reached $5.35; adjusted EPS was even higher at $7.67—evidence of strong profitability and positive impact on investors. Record Operating Cash Flow: ・ Generated record operating cash flow exceeding $2.4 billion—up more than $1.4 billion year-on-year. ・ This reflects outstanding performance in cash management and operational efficiency, establishing a solid financial foundation for future growth.