PPG Industries, Inc.

Financial Performance: PPG reported full-year 2024 adjusted EPS of $7.87, a 6% year-over-year increase, despite organic sales declining in the low single digits due to a challenging macroeconomic environment. The company noted strong performances in specific segments, including aerospace coatings, automotive refinish coatings, and architectural coatings in Latin America.

Segment Outlook: The company has restructured its reporting into three segments: Global Architectural Coatings, Performance Coatings, and Industrial Coatings. Global Architectural Coatings and Performance Coatings now boast EBITDA margins at or above 20%, while Industrial Coatings delivered a 16% EBITDA margin amidst a weak industrial macro environment.

Guidance for 2025: PPG anticipates adjusted EPS in the range of $7.75 to $8.05 for 2025, translating to operational EPS growth of approximately 7%. The company expects a slow start to the year, especially in Q1, with organic sales growth anticipated to be low single-digit percentage overall, with volume growth improving in the second half of the year.