)

PPG Industries (PPG) investor relations material
PPG Industries Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Net sales for Q2 2025 were $4.2 billion, down 1% year-over-year due to divestitures, but organic sales grew 2% led by aerospace, protective & marine, and packaging coatings.
Performance Coatings achieved record quarterly sales and earnings, with 6% organic sales growth and strong results in aerospace and protective & marine coatings.
Adjusted EPS was $2.22 for Q2 2025, down from $2.35 in the prior year.
Share repurchases totaled $150 million in Q2 and $540 million year-to-date; dividends paid were $308 million in the first half.
Architectural coatings in EMEA remained weak, but Mexico and the UK saw improvement; U.S. and Latin America delivered mid-single-digit organic growth.
Financial highlights
Segment EBITDA margin was 20.3% for Q2 2025, up from 19.9% a year ago.
Net income from continuing operations was $450 million, down 9% year-over-year; adjusted net income was $504 million.
Cash and short-term investments at quarter end were $1.6 billion; net debt was $5.7 billion.
Operating working capital was $3.25 billion, 19.4% of annualized quarter sales.
Six-month net sales were $7.88 billion, a 2.5% decrease year-over-year.
Outlook and guidance
Full-year adjusted EPS guidance reaffirmed at $7.75 to $8.05, with positive volume growth momentum expected to accelerate in H2 2025.
Q3 2025 organic sales in Global Architectural Coatings expected to be flat to down low single digits; Performance Coatings to see low to mid-single digit growth.
Segment EBITDA margin expected to improve by up to 50 basis points year-over-year.
Industrial Coatings expected to deliver low single-digit sales volume growth in H2, with above-market growth in automotive OEM, packaging, and industrial coatings.
Raw material and tariff costs anticipated to see low single-digit inflation.
Next PPG Industries earnings date

Next PPG Industries earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Paints and Coatings
Pittsburgh Plate Glass Industries, more often than not referred to as PPG, is an American company supplying paints, coatings, and specialty materials. Founded in 1883 by Captain John B. Ford and John Pitcairn, in Pittsburgh, Pennsylvania, PPG has become a trusted name in the coatings industry. The company's products are used in various industries ranging from automotive to aerospace and it has operations in roughly 70 countries.
Beginnings in Plate Glass
In its early days, PPG primarily focused on plate glass production, positioning itself as a key supplier for the burgeoning American construction industry. However, with foresight and adaptation, the company diversified and ventured into the paint and coatings sector. This proved to be a game-changing move, propelling PPG to the forefront of the industry. Today, PPG competes with companies such as Akzo Nobel, Sherwin Williams, and Axalta, to name a few.
An Expansive Product Portfolio
The range of products offered by PPG is vast. From protective coatings that shield airplanes from environmental wear to paints that enhance and beautify homes, PPG has a solution for nearly every surface. The company's lineup includes solutions for automotive and commercial coatings, industrial finishes, and a plethora of architectural paints. Furthermore, PPG has not confined itself to just traditional coatings. The company has delved into digital color-matching tools and sustainable paint solutions, demonstrating an acute awareness of both technological advancements and environmental considerations.
Serving Diverse Industries Globally
With its vast range of products, PPG caters to a multitude of industries. Automotive manufacturers trust PPG coatings to give vehicles their lasting shine and protective finish. In the aerospace sector, aircraft are coated with PPG products that offer protection against extreme conditions. Residential and commercial builders rely on PPG paints to transform spaces and bring visions to life. The company's reach extends beyond these sectors to marine, industrial, and consumer electronics applications, among others.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage