PPG INDUSTRIES INC (PPG)
PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through three segments: Global Architectural Coatings, Performance Coatings, and Industrial Coatings. The Global Architectural Coatings segment supplies a variety of decorative coatings, adhesives, sealants, and finishes, as well as paint strippers, stains, and related chemicals. Its Performance Coatings segment offers aerospace coatings, automotive refinishing coatings, protective and marine coatings, and traffic solutions comprising paints, thermoplastics, raised pavement markers, and other technologies for pavement marking. The Industrial Coatings segment provides automotive OEM coatings, industrial coatings, and packaging coatings, as well as specialty products, such as optical monomers and coatings, low-friction coatings, and other specialty products. The company delivers its products to company-owned stores, home centers and other consumer retail outlets, paint dealers, concessionaires and independent distributors, company-owned distribution networks, and directly to manufacturing companies and retail customers. PPG Industries, Inc. was incorporated in 1883 and is headquartered in Pittsburgh, Pennsylvania.
Open PPG INDUSTRIES INC in the interactive graph- Ticker
- PPG
- SEC CIK
- 0000079879
- Sector
- Materials
- Industry
- Chemicals
- Periods
- FY2025, FY2025 Q1, FY2026, FY2026 Q1, FY2026 Q3, FY2027
- Headquarters
- Pittsburgh, PA
- Employees
- 43,500
Key figures
- Revenue 3.93B USD
- NetIncome 411.00M USD
- DilutedEPS 1.70 USD/share
Reported figures
- BasicEPS 1.64 USD/share
- BasicEPS 1.71 USD/share
- BasicSharesOutstanding 223,700,000.00 shares
- BasicSharesOutstanding 228,000,000.00 shares
- CapitalExpenditure 196.00M USD
- CapitalExpenditure 209.00M USD
- CashAndEquivalents 1.60B USD
- CostOfRevenue 2.14B USD
- CostOfRevenue 2.27B USD
- DilutedEPS 1.64 USD/share
- DilutedEPS 1.70 USD/share
- DilutedEPS 1.72 USD/share
- DilutedEPS 1.83 USD/share
- EBITDA 144.00M USD
- EBITDA 184.00M USD
- EBITDA 245.00M USD
- EBITDA 263.00M USD
- EBITDA 307.00M USD
- EBITDA 326.00M USD
- EBITDAMargin 15 percent
- EBITDAMargin 16.8 percent
- EBITDAMargin 19.1 percent
- EBITDAMargin 24.3 percent
- EBITDAMargin 24.4 percent
- FreeCashFlow -163.00M USD
- GrossProfit 1.66B USD
- InterestExpense 24.00M USD
- InterestExpense 56.00M USD
- InterestExpense 61.00M USD
- InterestIncome 37.00M USD
- InterestIncome 43.00M USD
- NetIncome 375.00M USD
- NetIncome 382.00M USD
- NetIncome 396.00M USD
- NetIncome 411.00M USD
- OperatingCashFlow -16.00M USD
- OperatingCashFlow 33.00M USD
- OperatingIncome 118.00M USD
- OperatingIncome 155.00M USD
- OperatingIncome 193.00M USD
- and 32 more in the interactive graph
Guidance
- DilutedEPS guidance 7.70–8.10 USD/share
Drivers
- Adjusted EPS increased 6% driven by strong results in differentiated aerospace and archite
- Aerospace achieved exceptional quarterly sales with double-digit percentage organic sales
- Automotive OEM coatings share gains resulting in the business outpacing the decline in glo
- Automotive refinish coatings sales volumes were lower, reflecting a difficult comparison t
- Cash from operating activities was approximately $50 million higher year over year
- Execution of self-help actions drove segment EBITDA margin above original expectations
- Fifth consecutive quarter of organic sales growth with positive selling prices
- Flat sales volumes
- Global Architectural Coatings EBITDA margin improvement of 230 basis points driven by stre
- Global Architectural Coatings segment achieved low single-digit percentage organic sales g
- Industrial Coatings margins negatively impacted by regional mix as China automotive produc
- Industrial coatings organic sales declined a low single-digit percentage driven by soft de
- Mexican project-related sales continued to recover
- Mexican retail sales were especially strong in the quarter
- Net sales increased 7% including benefits from higher selling prices of 1% and positive fo
- Organic sales growth of 1% driven by higher selling prices
- Packaging coatings increased both organic sales and EBITDA margin
- Packaging coatings organic sales increased by a double-digit percentage driven by share ga
- Performance Coatings segment organic sales grew a low single-digit percentage benefitting
- Protective and marine coatings organic sales increased by a high single-digit percentage,
- Segment EBITDA decreased 7% and segment EBITDA margin declined 180 basis points driven by
- Segment EBITDA driven by higher selling prices partially offset by lower automotive refini
- Segment EBITDA increased 28% and segment EBITDA margin improved 230 basis points with real
- Strong performance in aerospace business drove segment EBITDA margin above original expect
- Strong performance in differentiated architectural coatings Latin America business drove s
- Traffic solutions organic sales increased a high single-digit percentage driven by strong
Risks
- Costs have risen for raw materials, energy, logistics and packaging across the coatings va
- Demand remains mixed in Europe
- Raw material inflation impact on earnings
Corporate events
- Share repurchases in the quarter totaled about $100 million
Quotes
- “I am pleased that we have delivered our fifth consecutive quarter of organic sal…”
- “In recent weeks, costs have risen for raw materials, energy, logistics and packa…”
- “In the first quarter, PPG delivered organic sales growth of 1%, demonstrating ou…”
- “In the second quarter, we expect both organic sales and adjusted earnings per sh…”
- “Looking ahead, we expect strong growth in aerospace, architectural coatings in L…”
- “Strong performance in our differentiated architectural coatings Latin America an…”