PPG Industries, Inc.'s Stock Analysis

PPG Industries Completes $700 Million Notes Offering

PPG Industries, Inc. has successfully completed an offering of $700 million in 4.375% Notes due in 2031. The offering was conducted under a previously filed Registration Statement, with the proceeds expected to be used for general corporate purposes, including debt repayment and potential acquisitions. The Notes are subject to various covenants that restrict the company's ability to incur additional debt and engage in significant asset transactions.

The Underwriting Agreement for the Notes was established with J.P. Morgan Securities LLC, Citigroup Global Markets Inc., and PNC Capital Markets LLC. The Notes were sold to underwriters at 98.970% of the principal amount, with public offerings starting at 99.570%. The company has also agreed to indemnify the underwriters against certain liabilities related to the offering.

Nov 03, 2025 16:10:34

PPG Industries Reports Third Quarter 2025 Financial Results

PPG Industries reported net sales of $4.1 billion for the third quarter of 2025, marking a 1% increase compared to the previous year. Organic sales rose by 2% due to higher sales volumes and prices, while the company achieved record earnings per diluted share of $1.96 and adjusted EPS of $2.13, a 5% year-over-year increase. The segment margin was reported at 17% with an EBITDA margin of 20%. Share repurchases totaled approximately $150 million during the quarter, contributing to a year-to-date total of $690 million.

In the Performance Coatings segment, organic sales increased by 2%, driven by strong demand in aerospace and protective coatings, although automotive refinish coatings experienced a decline. The Industrial Coatings segment saw flat sales year-over-year, with automotive OEM coatings growing by 8%. PPG anticipates organic growth in the fourth quarter, supported by share gains and improvements in project-related demand in Mexico. The company's adjusted earnings per share guidance for the full year is set between $7.60 to $7.70.

Oct 28, 2025 16:11:19

PPG Industries Announces Leadership Transition for General Counsel

Anne M. Foulkes, Senior Vice President and General Counsel of PPG Industries, will retire on August 31, 2026, after a 30-year career with the company. To facilitate a smooth transition, she will take on the role of Senior Vice President, Legal and Special Projects starting January 1, 2026. Foulkes will be eligible for a payment under the company's annual incentive plan in 2027 and her previously awarded stock options and shares will vest as per their terms.

Joseph R. Gette, currently Vice President, Deputy General Counsel and Secretary, will succeed Foulkes as Senior Vice President, General Counsel and Secretary effective January 1, 2026. The company has recognized Foulkes for her extensive contributions and leadership within PPG, highlighting her role in supporting various business units and her involvement in executive committees. PPG reported net sales of $15.8 billion in 2024 and operates in over 70 countries, providing products for construction, consumer, industrial, and transportation markets.

Aug 11, 2025 12:19:52

PPG Industries Reports Second Quarter 2025 Financial Results

PPG Industries reported net sales of $4.2 billion for the second quarter of 2025, reflecting a 1% decrease compared to the previous year, primarily due to business divestitures. However, organic sales increased by 2% year-over-year, attributed to higher sales volumes and prices. The company reported earnings per diluted share (EPS) of $1.98 and an adjusted EPS of $2.22, with a segment margin of 17.7% and a segment EBITDA margin of 20.3%. Share repurchases for the quarter totaled approximately $150 million, contributing to a year-to-date total of $540 million.

The Performance Coatings segment achieved record sales and earnings, driven by a 6% increase in organic sales, while the Industrial Coatings segment experienced flat sales volumes. The company expects organic growth to continue, particularly in the second half of the year, with anticipated improvements in Mexico's architectural coatings demand. PPG reaffirmed its full-year adjusted EPS guidance range of $7.75 to $8.05, supported by ongoing share gains and a strong balance sheet, which included $1.6 billion in cash and short-term investments at the quarter's end.

Jul 29, 2025 16:21:35

PPG Reports Q1 2025 Financial Results with Decreased Sales

PPG announced its financial results for the first quarter of 2025, reporting net sales of $3.7 billion, a 4% decline from the previous year, attributed to unfavorable foreign currency translation and business divestitures. Organic sales, however, increased by 1%, driven by higher sales volumes, with reported earnings per diluted share at $1.64 and adjusted EPS at $1.72. The company also engaged in share repurchases totaling approximately $400 million during the quarter, while net debt rose to $5.4 billion, an increase of $340 million year-over-year.

The Performance Coatings segment showed a 9% organic sales growth, particularly in aerospace and automotive refinish coatings, while the Global Architectural Coatings segment experienced an 11% decrease in net sales. The Industrial Coatings segment also saw a decline in sales, primarily due to foreign currency impacts and divestitures. Despite these challenges, PPG reiterated its full-year adjusted EPS guidance of $7.75 to $8.05, emphasizing that its diverse portfolio and cost management strategies are designed to navigate the current economic uncertainties.

Apr 29, 2025 16:24:16

Leon Topalian Joins PPG Board of Directors Effective July 2025

PPG has announced the election of Leon J. Topalian, the chair, president, and CEO of Nucor Corporation, to its board of directors, effective July 16, 2025. Topalian will also serve on the Audit Committee and the Sustainability and Innovation Committee. He brings nearly 30 years of experience in the steel industry, having held various leadership roles at Nucor, including his current position since 2020.

The addition of Topalian to the board is aimed at strengthening PPG's expertise and capabilities to support its growth strategy. PPG's lead independent director, Michael W. Lamach, and CEO, Timothy M. Knavish, both highlighted Topalian's leadership experience and knowledge in manufacturing and operations, which they believe will be valuable for guiding PPG's strategic direction.

Apr 21, 2025 16:38:17

Company Issues Notes Under Underwriting Agreement with Underwriters

The Company has entered into an Underwriting Agreement for the issuance and sale of Notes, agreeing to sell them at an issue price of 99.022% of their principal amount. The Underwriters will offer the Notes to the public at a slightly higher price of 99.422% of the principal amount, indicating a structured pricing approach for the sale. Additionally, the Company will indemnify the Underwriters against certain liabilities related to the issuance under the Securities Act of 1933.

The press release includes a note that certain schedules to the Exhibit have been omitted, with the Company willing to provide these upon request to the SEC. There is no mention of financial performance metrics or other significant operational updates in this release, focusing primarily on the Underwriting Agreement and its terms.

Mar 04, 2025 07:18:55

PPG Reports Strong Q3 Results with Record Earnings

PPG Industries has announced impressive financial results for the third quarter of 2024, showcasing record earnings per share of $2.00, a 12% increase from the previous year. The company achieved net sales of $4.6 billion and improved segment margins for the eighth consecutive quarter, reflecting strong performance in key technology businesses. Notably, PPG repurchased $200 million of its stock during the quarter, reinforcing its commitment to returning value to shareholders. The Performance Coatings segment experienced growth, driven by strong demand in aerospace and architectural coatings, particularly in the Asia-Pacific region.

However, PPG faced challenges in its Industrial Coatings segment, which saw a 6% decline in net sales and a notable decrease in segment income due to lower demand from the automotive sector and soft industrial production in Europe and the U.S. Despite these setbacks, the company maintains a strong balance sheet with cash reserves of $1.3 billion. Overall, while PPG's performance was strong in several areas, the declines in certain segments highlight ongoing market challenges.

Oct 16, 2024 16:13:16

PPG Announces Leadership Changes Amid Retirement Transition

PPG has announced a significant leadership transition as Kevin Braun steps into the role of senior vice president of operations, replacing Ram Vadlamannati, who is retiring after 25 years with the company. This change is seen as a positive move, with CEO Tim Knavish expressing confidence in Braun's ability to strengthen PPG’s global operations, which are crucial for the company's growth strategy. Braun's extensive experience at PPG, spanning over three decades in various roles, positions him well for this new responsibility.

The retirement of Vadlamannati marks the end of a notable career, having contributed significantly to PPG's operations in various capacities since 1999. While his departure might raise concerns about continuity, the company’s leadership appears to be well-prepared for this transition. Overall, the changes reflect PPG's commitment to enhancing its operational capabilities and maintaining strong leadership as it navigates future challenges.

Sep 26, 2024 16:46:59

PPG Reports Strong Second Quarter 2024 Financial Results

PPG achieved record earnings per share, with net sales of $4.8 billion and improved segment margins. Despite flat organic sales, the company saw growth in various sectors like aerospace, packaging, and architectural coatings. Share repurchases of $150 million in the quarter and $300 million year-to-date were noted. The company expects positive momentum in Mexico and China, with ongoing growth initiatives. However, challenges in automotive coatings and industrial demand were highlighted. Strategic reviews for certain business segments are progressing as planned, with a projection of flat to low single-digit percentage sales growth in the upcoming quarter.

Jul 18, 2024 16:21:32