PPG Industries reported first-quarter 2025 net sales of $3.684 billion, a 4% decrease year-over-year, primarily due to unfavorable foreign currency translation and the impact from business divestitures. Adjusted earnings per diluted share (EPS) for the quarter was $1.72, an 8% decrease, including an unfavorable foreign currency impact of $0.09 and divestitures impact of $0.03.
Despite the top-line and earnings pressures, PPG delivered positive organic sales growth, with increases in both sales volumes and selling prices. The Performance Coatings segment achieved 9% organic sales growth, driven by double-digit percentage growth in aerospace coatings and protective and marine coatings, and low single-digit growth in automotive refinish and traffic solutions.
The Industrial Coatings segment saw net sales decline by 8%, with segment income decreasing 14%. Organic sales for the segment were down less than 2%, a significant improvement from the fourth quarter of 2024. The Global Architectural Coatings segment experienced an 11% decline in net sales and a 29% drop in segment income, largely due to unfavorable foreign currency translation and lower sales volumes in Europe and Mexico.
PPG reaffirmed its full-year 2025 adjusted EPS guidance range of $7.75 to $8.05, citing momentum from share gains and self-help actions. The company repurchased approximately $400 million of its stock during the quarter and issued €900 million of debt, maintaining a strong balance sheet and commitment to shareholder value creation.
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