
PPG Industries, Inc.
NYSE•PPG
CEO: Mr. Timothy M. Knavish
Sector: Basic Materials
Industry: Chemicals - Specialty
Listing Date: 1980-03-17
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 two segments, Performance Coatings and Industrial Coatings. The Performance Coatings segment offers coatings, solvents, adhesives, sealants, sundries, and software for automotive and commercial transport/fleet repair and refurbishing, light industrial coatings, and specialty coatings for signs; wood stains; paints, thermoplastics, pavement marking products, and other advanced technologies for pavement marking for government, commercial infrastructure, painting, and maintenance contractors; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft. The Industrial Coatings segment offers coatings, adhesives and sealants, and metal pretreatments, as well as services and coatings applications for appliances, agricultural and construction equipment, consumer electronics, automotive parts and accessories, building products, kitchenware, and transportation vehicles and other finished products; and on-site coatings services. It also provides coatings for metal cans, closures, plastic and aluminum tubes for food, beverage and personal care, promotional, and specialty packaging; amorphous precipitated silica for tire, battery separator, and other end-uses; TESLIN substrates for labels, e-passports, drivers' licenses, breathable membranes, and loyalty and identification cards; and organic light emitting diode materials, displays and lighting lens materials, optical lenses, color-change products, and photochromic dyes. PPG Industries, Inc. was incorporated in 1883 and is headquartered in Pittsburgh, Pennsylvania.
Contact Information
Market Cap
$24.14B
P/E (TTM)
24.3
19.8
Dividend Yield
2.6%
52W High
$124.74
52W Low
$90.24
52W Range
Rank35Top 29.9%
4.6
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q3 2025 Data
Revenue
$4.08B-10.78%
4-Quarter Trend
EPS
$2.01+0.00%
4-Quarter Trend
FCF
$538.00M-12.23%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Q3 Net Sales Growth Three months net sales reached $4.082B, showing 1.2% increase driven by higher selling prices and volumes.
Earnings Per Share Rises Continuing operations diluted EPS was $1.96 for the quarter, marking a 3.2% increase from the prior year period.
Industrial Coatings Segment Income Industrial Coatings segment income grew 16.5% to $233M for the quarter, reflecting strong operational performance and share gains.
Strong Cash Position Maintained Cash and equivalents ended at $1.832B, significantly higher than $1.270B reported at December 31, 2024.
Risk Factors
Divestitures Impact Nine Months Nine months net sales decreased $155M, heavily influenced by divestiture-related sales reducing revenue by 3% overall.
Cost Inflation Pressures Operations MD&A cites unfavorable impact from wage and cost inflation affecting income before income taxes results for nine months.
Major Litigation Uncertainty Remains Di Gregório litigation outcome is uncertain; potential liability could exceed $350M, though risk is currently deemed remote.
Environmental Reserves Low Asbestos reserves stand at $42M as of September 30, 2025, subject to ongoing management judgment and future uncertainty.
Outlook
2025 Capital Spending Guidance Total capital spending planned for 2025 is projected between $725M and $775M to support future organic growth opportunities.
Restructuring Cash Outlays Expected Cash outlays for restructuring actions are anticipated to be between $80M and $100M during the remainder of the 2025 fiscal year.
Architectural Coatings Q4 Outlook Q4 organic sales for Architectural Coatings expected flat to a positive low single-digit percentage compared to the fourth quarter 2024.
Debt Leverage Ratio Maintained Total Indebtedness to Total Capitalization ratio was 47% as of September 30, 2025, remaining well within covenant limits.
Peer Comparison
Revenue (TTM)
DOW$40.91B
LYB$32.56B
NTR$26.56B
Gross Margin (Latest Quarter)
40.8%
PPG40.6%
36.5%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| NTR | $29.98B | 16.5 | 7.3% | 27.4% |
| STLD | $24.80B | 22.1 | 12.7% | 23.7% |
| PPG | $24.14B | 24.3 | 13.7% | 35.7% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
23.5%
Strong Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
75%
Volatile Cash Flow
Research & Insights
Next earnings:Jan 27, 2026
EPS:$1.59
|Revenue:$3.77B
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Oct 29, 2025|Revenue: $4.08B-10.8%|EPS: $2.01+0.0%MissForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Jul 30, 2025|Revenue: $4.20B-0.9%|EPS: $1.98-12.0%MissForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: Apr 30, 2025|Revenue: $3.68B-14.5%|EPS: $1.64-3.5%MeetForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Feb 20, 2025|Revenue: $15.85B-2.4%|EPS: $4.77-11.3%BeatForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Oct 17, 2024|Revenue: $4.58B-1.5%|EPS: $2.01+11.7%MissForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Jul 19, 2024|Revenue: $4.24B-13.1%|EPS: $2.25+8.2%MissForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: Apr 19, 2024|Revenue: $4.31B-1.6%|EPS: $1.70+51.8%MissForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Feb 15, 2024|Revenue: $16.24B+4.0%|EPS: $5.38+23.7%Beat