At PPG, team members work every day to develop and deliver the paints, coatings and specialty materials that customers have trusted for more than 140 years. Through dedication and creativity, they solve customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, the company operates and innovates in more than 70 countries and reported net sales from continuing operations of $15.8 billion in 2024. PPG serves customers in the construction, consumer products, industrial and transportation markets and aftermarkets.

In 2024, organic sales were flat compared to the prior year, impacted by lower volumes and modestly favorable price and mix. The company reported adjusted earnings per diluted share of $7.87, up 6% from 2023, driven by margin expansion, cost discipline and a favorable business mix. Operating margins improved for the ninth consecutive quarter. While industrial production remained soft across many global markets, PPG reported record results in aerospace, automotive refinish and architectural coatings in Latin America. 

In December 2024, PPG completed the sale of its architectural coatings business in the United States and Canada to American Industrial Partners. The company has been renamed The Pittsburgh Paints Company.

PPG returned $1.4 billion to shareholders in 2024, including $620 million in dividends and $750 million in share repurchases, reducing outstanding shares by approximately 3%. The company has paid uninterrupted annual dividends for 125 years and raised its annual dividend for 53 consecutive years.

PPG comprises three reportable segments:

• Performance Coatings, including aerospace, automotive refinish, protective and marine and traffic solutions.
• Industrial Coatings, including OEM coatings, packaging coatings and specialty materials.
• Global Architectural Coatings, now focused on regions outside of the U.S. and Canada.

PPG invested $18.4 million globally in 2024 across education, community support and employee volunteerism. The company completed 58 Colorful Communities® projects in 27 countries. Sustainably advantaged products accounted for 41% of 2024 sales, offering benefits such as lower emissions, improved durability and the use of renewable raw materials. In 2024, PPG invested $11.5 million in global STEM education initiatives.

Notes: In January 2024, the company announced the company’s 505th consecutive dividend payment to shareholders and its 53rd consecutive year of annual dividend increases. Also, PPG appointed Peter Votruba-Drzal as vice president-elect, global sustainability.

In February 2024, PPG launched the PPG ADJUSTRITE® repair management tool and marked its fifth decade of partnership with Team Penske.

In March 2024, PPG appointed Lyndee Brassieur as vice president, environment, health and safety, and Robert Massy as chief human resources officer.

In April 2024, PPG appointed Kathy Fortmann to its board of directors, and Pascal Tisseyre as vice president of government affairs for EMEA.

In May 2024, PPG appointed Alejandro Lopez as director of investor relations.

In June 2024, the company announced plans for a new manufacturing facility in Tennessee as part of a $300 million investment in North America and partnered with the RightShip sustainability platform.

In July 2024, PPG introduced energy-curable coatings for coiled metal. 

In August 2024, the company expanded its Malaysian plant to produce nonstick and low-friction coatings, and introduced the PPG PRIMERON™ Optimal powder primer. PPG also completed an expansion at its Yen Phong plant in Vietnam.

In September 2024, Kevin Braun was appointed senior vice president of operations, and SEM Products launched a new performance abrasives line.

In October 2024, PPG signed a resinous flooring products agreement with Shaw Industries.

In November 2024, PPG completed the sale of its silicas products business to QEMETICA. The company also reported that the PPG MOONWALK® system is now in use in all 50 U.S. states, partnered with SARO/Siccardi to expand powder coatings capacity in Italy and inducted five new members into its Collegium innovation recognition program. Also in November, Tom Maziarz, Rodolfo Ramirez and Denise Lu were appointed to leadership roles, and Juliane Hefel was named senior vice president of industrial coatings.

In December 2024, PPG completed the sale of its U.S. and Canada architectural coatings business to American Industrial Partners, and completed a solar installation at its Caivano, Italy, facility.

Source: Company contact, Annual Report, press releases