Ppg Industries, Inc. ( (PPG) ) has released its Q4 earnings. Here is a breakdown of the information Ppg Industries, Inc. presented to its investors.
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PPG Industries, Inc., headquartered in Pittsburgh, is a global leader in the paints, coatings, and specialty materials industry, operating in more than 70 countries and serving sectors such as construction, consumer products, industrial, and transportation markets.
PPG Industries recently released its financial results for the fourth quarter and full-year 2024, highlighting strategic divestitures and consistent performance amidst a challenging economic environment. Despite reporting a decline in net sales and income for the quarter, the company achieved a 6% year-over-year growth in adjusted earnings per share for the full year.
Notable highlights from the earnings report include the completed divestitures of the silica products and architectural coatings businesses in the U.S. and Canada, which have been reflected as discontinued operations. For the fourth quarter, net sales from continuing operations totaled $3.7 billion, while full-year net sales from continuing operations reached $15.8 billion. The company also experienced margin expansions, with segment EBITDA margin expanding for the ninth consecutive quarter. PPG returned $1.4 billion to shareholders through share repurchases and dividends during 2024.
PPG’s performance was supported by strong demand in the aerospace, protective and marine, and traffic solutions businesses, partially offset by lower demand in the automotive OEM, industrial, and architectural EMEA coatings segments. The company’s strategic focus on technology-advantaged products and cost-control measures helped drive improved margins despite lower organic sales.
Looking forward, PPG anticipates moderate growth in 2025, with expectations of a slow start due to weak demand in Europe and global industrial markets. However, the company remains committed to cost reductions and share gains, projecting organic sales growth of a low single-digit percentage for the year, weighted towards stronger performance in the second half of 2025.
