Skip to content
AnalystLens

PPG Industries 8-K Report, Financial Results (Jul 29, 2025)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed July 29, 2025
Period End
July 29, 2025
Security
PPG
In the record · 2016–202610-K1210-Q338-K141

PPG filed 12 annual reports (10-K), 33 quarterly reports (10-Q) and 141 current reports (8-K) between 2016 and 2026.

  1. Restatement8-K · Jun ’18Jun ’18
  2. Material agreement8-K · Aug ’20Aug ’20
  3. Leadership change8-K · Oct ’22Oct ’22
  4. Leadership change8-K · Sep ’24Sep ’24

01—Abstract

Summary

Summary of the 8-K filed July 29, 2025. Cited figures are marked; the original filing is the authoritative source.

PPG Industries, Inc. reported second quarter 2025 net sales of $4.2 billiona, down 1% year over year, as business divestitures reduced sales by 3%.

Organic sales rose 2%, driven by sales volumes (+1%) and higher selling prices (+1%). Reported net income attributable to PPG was $450 millionb, or $1.98 per diluted share, compared with $493 million from continuing operations, or $2.09 per diluted share, in the prior-year quarter. Adjusted EPS was $2.22, versus $2.35 a year earlier.

The company reported a segment margin of 17.7% and a segment EBITDA margin of 20.3%. Results were mixed across segments. Performance Coatings delivered record quarterly sales of $1.5 billionc and segment income of $356 million, with organic sales up 6%.

Industrial Coatings sales fell 5% to $1.7 billiond, with flat volumes and lower selling prices from index-based contracts. Global Architectural Coatings sales declined 5% to $1.0 billion, and segment EBITDA fell 21%, reflecting currency translation, the Russia divestiture, and lower volumes. PPG reaffirmed its full-year 2025 adjusted EPS guidance of $7.75 to $8.05 and expects year-over-year EPS growth of a high single-digit percentage in the second half of the year.

Share repurchases totaled approximately $150 million in the quarter and $540 million year to date. Net debt was $5.7 billion, up $479 million from the second quarter of 2024, and cash and short-term investments totaled $1.6 billion.

02—Key points

Key Highlights

  1. Net sales of $4,195 million, down 1% year over year, with divestitures reducing sales by 3%; organic sales increased 2%.
  2. Reported EPS of $1.98 and adjusted EPS of $2.22, versus $2.09 and $2.35 in the prior-year quarter, respectively.
  3. Performance Coatings reported record quarterly sales of $1,512 million and segment income of $356 million, with organic sales up 6%.
  4. Industrial Coatings net sales declined 5% to $1,665 million, with flat sales volumes and segment EBITDA down 12%.
  5. Global Architectural Coatings segment EBITDA decreased 21% to $187 million, impacted by currency, the Russia divestiture, and lower volumes.
  6. Full-year 2025 adjusted EPS guidance of $7.75 to $8.05 was reaffirmed, with high single-digit percentage EPS growth expected in the second half.
  7. Share repurchases totaled approximately $150 million in the quarter and $540 million year to date; net debt was $5.7 billion, up $479 million from a year earlier.

03—Questions

Frequently Asked Questions

  1. What was PPG's financial performance in the second quarter of 2025?

    Net sales were $4,195 million, down 1% from $4,235 million a year earlier, as business divestitures reduced sales by 3%. Organic sales grew 2%, with sales volumes up 1% and selling prices up 1%. Net income attributable to PPG was $450 million, or $1.98 per diluted share, compared with $2.09 per diluted share from continuing operations a year earlier. Adjusted EPS was $2.22, down from $2.35.

  2. Did PPG change its full-year outlook?

    No. PPG reaffirmed its full-year 2025 adjusted EPS guidance range of $7.75 to $8.05. Management expects accelerating volume growth in the second half of 2025 and year-over-year EPS growth of a high single-digit percentage in that period, supported by share gains in Industrial Coatings and self-help actions.

  3. Which segments drove results, and which lagged?

    Performance Coatings was the strongest segment, with record quarterly sales of $1,512 million, segment income of $356 million, and organic sales up 6%, led by aerospace, protective and marine coatings, and traffic solutions. Industrial Coatings sales fell 5% to $1,665 million with flat volumes, and segment EBITDA declined 12%. Global Architectural Coatings sales fell 5% to $1,018 million, and segment EBITDA fell 21%, reflecting currency, the Russia divestiture, and lower volumes.

  4. How is PPG managing its capital and balance sheet?

    PPG repurchased approximately $150 million of shares in the quarter and $540 million year to date. At quarter end, the company held cash and short-term investments of $1.6 billion and net debt of $5.7 billion, up $479 million from the second quarter of 2024. The company retired €300 million of debt at maturity in the quarter and has a €600 million maturity due in the fourth quarter of 2025.

04—Continue

← View all 8-K filings