PPG's revenue declined to RMB 57.2 billion in the first half of the year, with net profit down 11%; multiple business segments posted strong growth.

Looking ahead to the second half of 2025, PPG expects project-related spending in Mexico to continue recovering, while consumer confidence in Europe remains weak. Compared to the third quarter of 2024, the segment’s quarterly total organic sales are expected to decline to flat, within a low single-digit percentage range. In the second quarter of 2025, the Performance Coatings segment achieved a record net sales of $1.512 billion, up 7% year-on-year. Sales prices rose 3% year-on-year, and volumes increased by 3%, with particularly strong growth in aerospace coatings, transportation solutions, protective & marine coatings. Foreign currency translation also contributed to higher segment net sales. The segment’s EBITDA reached a new quarterly high, rising 8% year-on-year to $389 million. Operating income totaled $356 million, up 9.0% year-on-year, driven by organic sales growth from technology-advantaged products and digital subscriptions—partially offsetting growth-related investments. Segment EBITDA margin improved by 30 basis points year-on-year to 25.7%. Aerospace Coatings: Aerospace coatings sales set a quarterly record, with organic sales up a high single-digit percentage versus Q2 2024, primarily driven by higher pricing and volume. Demand remains robust, with customer order backlog holding steady at $300 million—despite increased manufacturing output supported by related investments. Global international and domestic air travel continues to improve year-on-year, now collectively matching pre-pandemic levels. With growing demand for PPG’s technology-advantaged products, the company remains focused on eliminating bottlenecks and further expanding manufacturing capacity to drive additional output and earnings growth. Demand and organic sales growth are expected to continue at a pace similar to recent quarters through Q3 2025. Automotive Refinish: Organic sales of automotive refinish coatings declined in the low single digits year-on-year in Q2. In the U.S., organic sales were flat, as gains from price increases and benefits from customer ordering patterns partially offset declines in industry collision claims. During Q2, the company expanded its PPG LINQ™ subscription base and PPG Moonwalk™ installations, bringing the total to nearly 3,000—further supporting customer productivity and associated market share gains. Organic sales outside the U.S. and Canada declined by a high single-digit percentage. The company expects organic sales to decline in Q3 2025, driven by customer ordering patterns and lower U.S. insurance claims year-on-year—partially offset by price increases and higher selling prices. Protective & Marine Coatings: Organic sales of protective and marine coatings grew in the double digits year-on-year in Q2, driven by volume growth. This marks the ninth consecutive quarter of year-on-year volume growth. Volume gains were primarily attributable to market share gains across protective and marine businesses, reflecting strong market demand for PPG’s sustainable, advantaged products. The company expects organic sales in Q3 2025 to outperform the market, driven by both industry growth and share gains. Transportation Solutions: Organic sales of the Transportation Solutions business grew in the low single digits year-on-year in Q2, propelled by strong demand and market share gains.

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 production 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 founded. ・ Fortune 500: PPG has consistently ranked on the U.S. Fortune 500 list since 1955, underscoring its enduring stability among American corporations. ・ 2020 Ranking: In the 2020 U.S. 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—a distinction likely tied to its industry leadership, innovation capabilities, and global business success. ・ Core Products: PPG’s product portfolio includes paints, coatings, and a wide range of specialty materials, serving diverse end markets such as construction, consumer goods, industrial applications, transportation, and aftermarket services. ・ Global Presence: PPG operates in more than 70 countries worldwide, demonstrating its extensive international footprint and truly global operations. Recently, PPG Industries released its financial results for the fourth quarter and full year of 2023, providing investors and the market with critical insights into the company’s operational performance. Highlights for the Fourth Quarter Net Sales: ・ Record net sales of $4.4 billion, marking a significant sales achievement for the quarter. ・ Net sales increased 4% year-on-year, including 1% organic sales growth—reflecting sustained market growth and competitiveness. Earnings Per Share (EPS): ・ Diluted EPS was $0.38; adjusted EPS was $1.53. This demonstrates strong profitability and alignment with investor expectations. Profit Margins: ・ Progress continued in margin recovery, with segment profit improving by 260 basis points year-on-year—indicating notable achievements in cost management and operational efficiency. Share Repurchase: ・ The company executed $100 million in share repurchases, signaling commitment to shareholder value and confidence in its own stock. These highlights reflect PPG’s robust quarterly performance and sound financial condition. Highlights for Full-Year 2023 Record Sales: ・ Achieved record annual sales of $18.2 billion—highlighting the company’s strong market position. ・ Sales growth was primarily driven by 3% organic sales growth, underscoring strong market acceptance of PPG’s products. Earnings Per Share (EPS): ・ EPS reached $5.35; adjusted EPS was even higher at $7.67. ・ This reflects strong profitability and positive implications for 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, providing a solid financial foundation for future growth.