PPG Strengthens Portfolio With Strategic Moves and Solid 2024 Results
PPG announced financial results for the fourth quarter and full year of 2024, reflecting its ongoing portfolio optimization and financial performance improvements.
Fourth-quarter highlights include the completed divestitures of the company’s silica products and architectural coatings U.S. and Canada businesses, contributing to an improved margin and growth profile. Net sales from continuing operations reached $3.7 billion, with adjusted earnings per diluted share (EPS) of $1.61, a 3% increase year over year. The quarter also marked PPG’s ninth consecutive quarter of segment margin and EBITDA margin expansion.
For the full year, PPG reported net sales from continuing operations of $15.8 billion and adjusted EPS of $7.87, a 6% increase year over year. The company’s adjusted EBITDA margin improved to 18.1%, reflecting the benefits of its strategic divestitures and cost actions. PPG returned $1.4 billion to shareholders through dividends and share repurchases in 2024 and plans to deploy approximately $400 million toward share repurchases in the first quarter of 2025.
Chairman and CEO Tim Knavish highlighted PPG’s resilience amid challenging market conditions, emphasizing growth in key regions and sectors, as well as the company’s continued focus on optimizing its business portfolio. Looking ahead, PPG anticipates organic sales growth in 2025, with a slow start to the year followed by stronger performance in the second half.
The company’s revised portfolio structure includes an expanded segment reporting approach, with all architectural coatings businesses now categorized under the Global Architectural Coatings segment.
Full results can be found here.
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