PPG Industries Analysts Cut Their Forecasts Following Weak Q4 Earnings

Core Viewpoint - PPG Industries reported disappointing fourth-quarter adjusted EPS results and provided FY25 adjusted EPS guidance below market expectations [1][2]. Financial Performance - PPG's quarterly earnings were $1.61 per share, missing the analyst consensus estimate of $1.65 per share [1]. - The company achieved a 6% growth in adjusted EPS for the year 2024, generating $1.4 billion in operating cash flow [2]. - PPG returned $1.4 billion to shareholders through stock repurchases and dividends during the year, with approximately $250 million repurchased in the fourth quarter [2]. Future Guidance - PPG expects adjusted EPS for FY25 to be in the range of $7.75-$8.05, significantly below market estimates of $8.68 [2]. Market Reaction - Following the earnings announcement, PPG shares fell 2.9% to trade at $112.07 [3]. - Analysts adjusted their price targets for PPG, with Wells Fargo lowering it from $150 to $135, Mizuho from $150 to $140, and Barclays from $144 to $125 [4].