PPG announced its first quarter 2025 financial results, reporting a 1% increase in organic sales driven by higher sales volumes and pricing. Overall net sales were $3.7 billion, down 4% compared to the prior year due to foreign currency impacts and business divestitures. Segment margins remained strong at 16.5%, with a segment EBITDA margin of 19.4%.

The Performance Coatings segment led growth, posting 9% organic sales growth with record quarterly aerospace coatings revenue and strong demand in traffic solutions and protective and marine coatings. Segment EBITDA margin for Performance Coatings rose to 24.3%.

Global Architectural Coatings sales declined year over year, primarily due to foreign exchange impacts and softer project-related demand in Latin America and Asia-Pacific. Industrial Coatings saw modest demand gains in packaging and select industrial coatings, though sales were impacted by index-based pricing and automotive production slowdowns in North America and Europe.

“Our results reflect early momentum in our enterprise growth strategy,” said Tim Knavish, chairman and CEO. “We delivered positive organic sales growth, improved manufacturing productivity, and accelerated self-help cost actions. These efforts, along with strong cash generation, support our reaffirmed full-year earnings guidance.”

PPG repurchased approximately $400 million in shares during the quarter and ended with net debt of $5.4 billion. The company continues to project full-year 2025 adjusted earnings per share between $7.75 and $8.05.

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