Financial Data and Key Metrics Changes - The company reported a 2% increase in organic sales growth, achieving a record high Q3 EPS of $2.13, reflecting a 5% year-over-year increase in adjusted EPS [5][6][14]. - The adjusted EPS increase was driven by solid sales improvement and aggressive cost management [6][14]. - The company completed approximately $150 million in share repurchases and paid $160 million in dividends, totaling $1.2 billion delivered to shareholders year to date [14]. Business Line Data and Key Metrics Changes - The performance coatings segment delivered double-digit organic sales growth in aerospace coatings and protective and marine coatings, while automotive refinish saw a double-digit percentage decline in organic sales [6][10][11]. - The industrial coatings segment experienced a 4% increase in sales volumes, with automotive OEM coatings growing by 8% [13][14]. - The global architectural coatings segment saw mid-single-digit organic sales growth in Mexico, but lower volumes in Europe impacted overall performance [7][8]. Market Data and Key Metrics Changes - Organic sales grew in the U.S. and Canada by a low single-digit percentage, marking the third consecutive quarter of year-over-year increases in this region [6][8]. - Sales volumes in Latin America and Asia Pacific increased, while Europe remained flat [6][8]. - The company expects stronger retail sales and modest recovery in project-related spending in Mexico for the fourth quarter [8][16]. Company Strategy and Development Direction - The company is focused on driving consistent organic sales and earnings growth, even in a challenging macroeconomic environment [15][17]. - Significant investments are being made in aerospace and protective and marine coatings to capture growth opportunities, with over $0.5 billion allocated for these initiatives [12][13]. - The company aims to maintain its competitive edge through technology-differentiated products and customer productivity solutions [17]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the normalization of collision claims by mid-2026, which is expected to positively impact the automotive refinish business [20][22]. - The macroeconomic environment remains challenging, with expectations of continued uncertainty in global trade affecting customer spending [27][30]. - The company anticipates a softer first half of 2026, but is optimistic about organic growth momentum and cost management efforts [30][31]. Other Important Information - The company has consistently delivered price growth in architectural coatings for nine consecutive years, demonstrating strong brand value [7][8]. - The aerospace business has grown at a mid-single-digit CAGR over the past decade and is expected to continue this trend [11][12]. - The company is actively managing its supply chain and procurement strategies to mitigate inflation impacts on raw materials [72][73]. Q&A Session Summary Question: Concerns about the refinish business decline - Management acknowledged the decline in the refinish business due to destocking and normalization of collision claims, but expressed confidence in the productivity solutions driving market share gains [19][20][21]. Question: Outlook for volume growth and market performance - Management indicated that while the macro environment remains challenging, there are signs of stabilization in several markets, and the company is focused on organic growth and cost management [26][27][30]. Question: Changes in full-year guidance - The reduction in Q4 guidance was primarily attributed to the unexpected decline in the refinish business and distributor destocking [34][35]. Question: Architectural coatings performance - Management highlighted that soft demand in key European markets is impacting architectural coatings, but aggressive cost actions are being taken to manage the situation [38][41]. Question: M&A environment and strategy - The company remains open to M&A opportunities but emphasizes organic growth as the primary focus, looking for the right assets at the right price [88][90][91].

PPG Industries (NYSE:PPG) Q3 2025 Earnings Call October 29, 2025 08:00 AM ET Company ParticipantsTim Knavish - Chairman and CEOJosh Spector - Executive Director of Chemicals Equity ResearchDuffy Fischer - Equity Research of ChemicalsKevin McCarthy - Partner of Global Chemicals IndustryVincent Andrews - Managing DirectorJohn Roberts - Managing DirectorVince Morales - CFOMichael Sison - Managing DirectorAziza Gazieva - VP and Co-FounderAlex Lopez - Director of Investor RelationsJames Hooper - VPDavid Begleite ...

PPG Industries (NYSE:PPG) Q3 2025 Earnings Call October 29, 2025 08:00 AM ET Speaker1Good morning, my name is Carly and I'll be your conference operator today. At this time I would like to welcome everyone to the third quarter PPG Industries earnings conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there'll be a question and answer session. If you'd like to ask a question during this time, simply press STAR followed by one on your telephone ke ...