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PPG Industries, Inc. PPG reported first-quarter 2025 profit of $396 million or $1.64 per share, down from $443 million or $1.71 per share in the year-ago quarter.
Barring one-time items, adjusted earnings per share (EPS) fell to $1.72 from $1.87 in the year-ago quarter. The figure surpassed the Zacks Consensus Estimate of $1.62.
The company’s revenues were $3,684 million in the reported quarter, down around 4% year over year. The downside can be attributed to unfavorable currency translations and business divestments. The top line beat the Zacks Consensus Estimate of $3,655.9 million.
(Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)
PPG Industries, Inc. Price, Consensus and EPS Surprise
PPG Industries, Inc. price-consensus-eps-surprise-chart | PPG Industries, Inc. Quote
PPG’s Segment Review
In the first quarter, the Global Architectural Coatings segment saw an 11% year-over-year decline in sales to $857 million. It missed our estimate of $967.9 million. Net sales were lower than in the first quarter of 2024 due to adverse foreign currency translation and lower sales volumes. These decreases were partially mitigated by increased selling prices.
In the first quarter, the Performance Coatings segment saw a 7% year-over-year rise in sales to $1,265 million. It beat our estimate of $1,199.3 million. Sales volumes were up 6% year over year, with aerospace coatings, protection and marine coatings, and traffic solutions driving the expansion.
For the Industrial Coatings segment, sales declined 8% year over year to $1,562 million. It topped our estimate of $1,556.8 million. Industrial Coatings segment net sales fell from the first quarter of 2024, owing to the impact of foreign currency translation and the divestment of the silicas products business in 2024.
PPG’s Financials
At the end of the first quarter, the company had cash and cash equivalents of $1,830 million, up around 56.7% year over year. Long-term debt was $5,574 million, down around 6.2% from the prior-year quarter’s figure.
The company repurchased shares worth roughly $400 million in the reported quarter.
PPG’s Outlook
The company reaffirmed its full-year 2025 adjusted earnings per share guidance of $7.75 to $8.05. This range is backed by the momentum of share gains and self-help efforts, as well as factors in current global economic activity, foreign exchange rates and mixed demand across PPG's many regions and businesses.
PPG’s Price Performance
PPG’s shares have lost 19.5% in a year compared with a 3.3% decline of the industry.