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Mar 31, 2025
PPG Q1 2025 Earnings Report
PPG reported lower revenue and earnings compared to the prior year, but achieved organic sales growth and executed significant share repurchases.
Key Takeaways
PPG posted a year-over-year decline in revenue and earnings in Q1 2025, driven by unfavorable foreign exchange and divestitures. However, the company saw 1% organic sales growth and executed $400 million in share repurchases, with strong performance in aerospace and protective coatings.
Net sales were $3.684 billion, down 4% year-over-year due to FX and divestitures.
Net income was $375 million and adjusted EPS was $1.72.
Organic sales rose 1%, led by aerospace, protective and marine coatings.
PPG repurchased $400 million in shares during the quarter.
Revenue by Segment
Forward Guidance
PPG reaffirmed its full-year 2025 adjusted EPS guidance of $7.75 to $8.05, citing cost actions and organic growth momentum.
Positive Outlook
- Maintained full-year EPS guidance at $7.75 to $8.05.
- Expecting $75 million in annual cost savings from self-help actions.
- Strong share gains in aerospace, marine, and traffic coatings.
- Positive organic growth in U.S. and Asia Pacific regions.
- Stable demand and improved productivity in EMEA.
Challenges Ahead
- Foreign currency headwinds reduced net sales and income.
- Impact from recent business divestitures including silicas.
- Lower sales in architectural coatings due to reduced project investment.
- Unfavorable pricing due to index-based contracts in industrial coatings.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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