PPG reports lower net sales for first quarter

Pittsburgh, PA – PPG has announced its financial results for the first quarter of 2025, revealing a net sales figure of $3.7 billion, which represents a 4% decrease compared to the same period last year. This decline was primarily driven by unfavorable foreign currency translation and business divestitures.

Despite the overall decrease in net sales, PPG achieved a 1% increase in organic sales, attributed to higher sales volumes. The company’s reported earnings per diluted share (EPS) stood at $1.64, while adjusted EPS was slightly higher at $1.72. Segment margin was reported at 16.5%, with segment EBITDA margin at 19.4%.

Tim Knavish, PPG’s chairman and chief executive officer, highlighted the positive impact of the company’s enterprise growth strategy. He noted that the Performance Coatings segment delivered 9% organic sales growth, with notable increases in automotive refinish coatings, traffic solutions, aerospace coatings, and protective and marine coatings. Regionally, PPG saw year-over-year organic sales growth in Asia Pacific and the U.S., while European sales showed signs of stabilization.

PPG also reported share repurchases totaling approximately $400 million during the quarter, and net debt at quarter-end was $5.4 billion, an increase of $340 million over the prior year. The company is optimistic about its ability to navigate the current macro-economic environment, leveraging its diverse global business portfolio and strong balance sheet to drive future growth.