Group 1 - PPG Industries, Inc. is recognized as one of the 13 Best February Dividend Stocks to Buy [1] - Citi has raised its price target for PPG from $120 to $127, maintaining a Buy rating, citing a supportive housing environment expected in 2027 [2] - PPG's fourth-quarter 2025 results showed net sales of $3.9 billion, with organic sales growth of 3% year-over-year, driven by higher pricing and improved volumes [3][4] Group 2 - The fourth quarter of 2025 was PPG's strongest period for organic sales, with broad-based momentum across regions [4] - In the Global Architectural Coatings segment, organic sales increased by 2% in the fourth quarter, supported by recovering project-related demand in Mexico and solid retail sales [5] - PPG operates in three main segments: Global Architectural Coatings, Performance Coatings, and Industrial Coatings [5]

Core Insights - PPG Industries reported a fourth-quarter 2025 profit of $302 million or $1.34 per share, a significant increase from $2 million or a penny per share a year ago, but adjusted earnings per share of $1.51 fell short of the Zacks Consensus Estimate of $1.57 [1][9] - The company's revenues reached $3,914 million, reflecting a 5% year-over-year increase and surpassing the Zacks Consensus Estimate of $3,744.6 million [2][9] Segment Review - The Global Architectural Coatings segment experienced an 8% year-over-year sales increase to $951 million, exceeding estimates due to higher selling prices and favorable foreign currency translation, partially offset by the divestiture of the architectural coatings business in Russia [3] - The Performance Coatings segment saw a 5% year-over-year sales rise to $1,322 million, driven by higher selling prices and favorable currency impacts, despite reduced sales volumes; organic sales grew 3% year over year [4] - The Industrial Coatings segment's sales grew 3% year-over-year to $1,641 million, benefiting from foreign currency translation gains and improved volumes, surpassing estimates [5] Financials - As of the end of the quarter, PPG had $2,163 million in cash and cash equivalents, a 70% increase year over year; long-term debt rose to $6.6 billion, up 35% from the prior-year quarter [6] Outlook - PPG anticipates adjusted earnings per share of $7.70 to $8.10 for full-year 2026, citing ongoing soft global industrial production and mixed regional demand; organic sales are expected to show flat to low single-digit percentage growth [7][9] Price Performance - PPG shares have declined by 11.7% over the past year, contrasting with a 0.4% rise in its industry [8]

Financial Data and Key Metrics Changes - For the full year 2025, net sales totaled $15.9 billion, with 2% organic growth driven by higher selling prices and volume gains across segments [8] - Adjusted earnings per share (EPS) came in at $7.58, indicating solid profitability [8] - Cash from operations increased to $1.9 billion, up about $500 million year-over-year, supporting a free cash flow yield of 5% [8] - Segment EBITDA margin for the year was 19%, reflecting operational efficiency and cost discipline [9] Business Line Data and Key Metrics Changes - Global Architectural Coatings segment net sales rose 8% to $951 million, with 2% organic growth driven by strong retail performance in Mexico [11] - Performance Coatings segment delivered 5% net sales growth to $1.3 billion, led by double-digit organic growth in aerospace [12] - Industrial Coatings segment net sales grew 3% to $1.6 billion, with organic growth fueled by share gains [15] Market Data and Key Metrics Changes - Positive sales volume growth was achieved in all regions, with Asia Pacific leading at mid-single-digit growth [10] - Architectural coatings in Latin America delivered high single-digit organic sales growth, aided by project-related sales recovery [10] - Automotive OEM net sales increased 6%, outpacing the industry due to share gains [10] Company Strategy and Development Direction - The company emphasizes high-margin business growth, strong cash flow generation, and disciplined capital allocation [21] - Investments in digital and AI capabilities are aimed at maintaining technology leadership in coatings and specialty materials [21] - The company plans to sequentially pace back capital expenditures to historical levels by 2027 after a high-water mark in 2025 [18] Management's Comments on Operating Environment and Future Outlook - The macroeconomic environment remains mixed, but the company expects organic sales growth driven by Aerospace and Architectural Coatings in Mexico [19] - The company anticipates challenges in European and global industrial end-use markets but expects to achieve flat to low single-digit organic sales growth [19] - Management is confident in the strength of the business model to deliver sustainable long-term growth despite macroeconomic challenges [21] Other Important Information - The company ended the year with a strong cash balance of $2.2 billion and a net debt position of $5.1 billion [18] - The raw material basket remains favorable, with expected flat raw material costs for the year [20] - The company is consolidating its supplier base to offset impacts from tariffs [20] Q&A Session Summary Question: Insights on organic growth in Q4 and 2026 guidance - Management indicated that growth was driven by macro factors, share gains, and technology introductions, with Aerospace and Mexico showing strong performance [25][26] Question: Details on total volumes and price for organic growth in 2026 - Positive pricing is expected in performance and architectural businesses, while volume growth is anticipated in aerospace and automotive OEM [30][31] Question: Operating leverage and EBITDA growth - The decline in EBITDA was primarily due to destocking in the refinish segment, which is a higher-margin business [35] Question: Update on Refinish and claims data - Management expects normalization of buying patterns in the second half of 2026, with signs of recovery in claims data [42][44] Question: Aerospace growth and capacity constraints - Aerospace sales growth was double-digit in 2025, with expectations for high single-digit growth in 2026, though capacity constraints exist [49] Question: AI reformulation activity - The company has launched AI-optimized products and believes it has a differentiated position in formulation AI compared to competitors [55][56] Question: Focus on organic vs. inorganic growth - The company prioritizes organic growth but remains open to acquisitions that align with its strategy [61][62]

Financial Data and Key Metrics Changes - For the full year 2025, net sales totaled $15.9 billion, with 2% organic growth driven by higher selling prices and volume gains across segments [8] - Adjusted earnings per share (EPS) came in at $7.58, indicating solid profitability [8] - Cash from operations increased to $1.9 billion, up about $500 million year-over-year, supporting a free cash flow yield of 5% [8] - Segment EBITDA margin for the year was 19%, reflecting operational efficiency and cost discipline [9] Business Line Data and Key Metrics Changes - Global Architectural Coatings segment saw fourth quarter net sales rise 8% to $951 million, with 2% organic growth driven by strong retail performance in Mexico [11] - Performance Coatings segment delivered 5% net sales growth to $1.3 billion, led by double-digit organic growth in Aerospace [12] - Automotive OEM net sales increased 6%, outpacing the industry due to share gains and customer mix [10] - Industrial Coatings segment net sales grew 3% to $1.6 billion, with organic growth fueled by share gains [15] Market Data and Key Metrics Changes - Positive sales volume growth was achieved in all regions, with Asia Pacific leading at mid-single-digit percentage growth [10] - Architectural Coatings demand in Europe was mixed, with a low single-digit percentage decline partially offset by favorable pricing [11] - The U.S. accident claims were down only 2% year-over-year in December, indicating a normalization trend [13] Company Strategy and Development Direction - The company emphasizes high-margin business growth, strong cash flow generation, disciplined capital allocation, and operational excellence [22] - Investments in customer innovation, including digital and AI capabilities, are aimed at maintaining technology leadership in coatings and specialty materials [22] - The company plans to sequentially pace back capital expenditures to historical levels of approximately 3% of sales by 2027 [18] Management's Comments on Operating Environment and Future Outlook - The macroeconomic environment remains mixed, but the company expects organic sales growth driven by Aerospace and Architectural Coatings in Mexico [19] - Despite challenges in global industrial and automotive demand, the company anticipates sales volume growth and positive pricing in 2026 [20] - The raw material basket remains favorable, with expected overall flat raw material costs for the year [21] Other Important Information - The company returned $1.4 billion to shareholders through dividends and share repurchases [18] - The balance sheet remains strong, with a cash balance of $2.2 billion and a net debt position of $5.1 billion [18] - The company launched its first AI-formulated product in Refinish, enhancing productivity for body shops [54] Q&A Session Summary Question: Insights on organic growth in Q4 and 2026 guidance - Management indicated that growth was driven by macro factors, share gains, and technology introductions, with Aerospace and Mexico showing strong performance [26][28] Question: Details on total volumes and price for organic growth in 2026 - Positive pricing is expected in performance and architectural businesses, while volume growth is anticipated in Aerospace and Automotive OEM [30][32] Question: Operating leverage and EBITDA growth - The decline in EBITDA was primarily due to destocking in the Refinish segment, which is expected to normalize in the second half of 2026 [36][37] Question: Update on Refinish and claims data - Management noted that normalization of buying patterns is expected in the second half of 2026, with ongoing share gains and productivity solutions driving growth [43][46] Question: Aerospace growth and capacity constraints - Aerospace sales growth was double-digit in 2025, with expectations for high single-digit growth in 2026, though capacity constraints are acknowledged [49] Question: AI reformulation activity - The company has launched AI-optimized products and is leveraging digitized data for formulation improvements, positioning itself ahead of competitors [54][56] Question: Focus on organic vs. inorganic growth - The company prioritizes organic growth but remains open to acquisitions that align with its strategy and enhance shareholder value [60][61]

PPG Industries (NYSE:PPG) Q4 2025 Earnings call January 28, 2026 08:00 AM ET Speaker19Good morning. My name is Warren, and I will be your conference operator today. At this time, I would like to welcome everyone to the fourth quarter and full year 2025 PPG Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the ...

Fourth Quarter 2025 Financial Results January 27, 2026 Forward-Looking Statements This presentation contains forward-looking statements that reflect the Company's current views with respect to future events and financial performance. You can identify forward-looking statements by the fact that they do not relate strictly to current or historic facts. Forward-looking statements are identified by the use of the words "aim," "believe," "expect," "anticipate," "intend," "estimate," "project," "outlook," "foreca ...

Core Viewpoint - PPG Industries reported a revenue of $3.91 billion for Q4 2025, marking a 5% year-over-year increase, but the EPS of $1.51 showed a decline from $1.61 a year ago, indicating mixed performance against market expectations [1]. Financial Performance - Revenue of $3.91 billion exceeded the Zacks Consensus Estimate of $3.74 billion by 4.52% [1]. - EPS of $1.51 was below the consensus estimate of $1.57, resulting in a surprise of -3.82% [1]. - PPG Industries' shares returned +8.1% over the past month, outperforming the Zacks S&P 500 composite's +0.4% change [3]. Segment Performance - Performance Coatings generated net sales of $1.32 billion, surpassing the four-analyst average estimate of $1.27 billion, with a year-over-year change of +4.8% [4]. - Global Architectural Coatings achieved net sales of $951 million, exceeding the average estimate of $906.28 million [4]. - Industrial Coatings reported net sales of $1.64 billion, slightly above the average estimate of $1.6 billion, with a year-over-year change of +3.5% [4]. - Segment Income for Performance Coatings was $246 million, above the average estimate of $235.86 million [4]. - Segment Income for Global Architectural Coatings reached $137 million, exceeding the average estimate of $124.12 million [4]. - Segment Income for Industrial Coatings was $200 million, below the average estimate of $208.55 million [4].

分组1 - PPG Industries reported quarterly earnings of $1.51 per share, missing the Zacks Consensus Estimate of $1.57 per share, and down from $1.61 per share a year ago, representing an earnings surprise of -3.82% [1] - The company posted revenues of $3.91 billion for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 4.52%, and up from $3.73 billion year-over-year [2] - PPG Industries has outperformed the S&P 500, with shares adding about 10% since the beginning of the year compared to the S&P 500's gain of 1.5% [3] 分组2 - The current consensus EPS estimate for the coming quarter is $1.75 on revenues of $3.78 billion, and for the current fiscal year, it is $8.07 on revenues of $16.07 billion [7] - The Zacks Industry Rank for Chemical - Specialty is currently in the bottom 17% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - PPG Industries holds a Zacks Rank 3 (Hold), suggesting that shares are expected to perform in line with the market in the near future [6]

The Pittsburgh paint and coatings company's revenue grew around 5% to $3.91 billion in the fourth quarter. ...

Exhibit 99 News PPG Media Contact: Greta Edgar Borza Corporate Communications +1-724-316-7552 edgar@ppg.com PPG Investor Contact: Alex Lopez Investor Relations +1-412-434-3466 alejandrolopez@ppg.com investor.ppg.com PPG reports fourth quarter and full-year 2025 financial results Fourth quarter highlights: Full-year 2025 highlights: Results for our Global Architectural Coatings segment improved sequentially each quarter of 2025, with organic sales growth of 2% in the fourth quarter as project-related sales i ...