PPG Industries said net sales in 2024 were approximately $15.8 billion, a decrease of 2% compared to the prior year. The company cited declining sales volumes and the combination of unfavorable foreign currency translation and divestitures as factors, and noted that aerospace coatings achieved record sales.

1. 01

   PPG Industries said net sales in 2024 were approximately $15.8 billion, a decrease of 2% compared to the prior year. The company cited declining sales volumes and the combination of unfavorable foreign currency translation and divestitures as factors, and noted that aerospace coatings achieved record sales.

2. 02

   PPG Industries said earnings per diluted share from continuing operations for 2024 were $5.72, up from $5.16 in the prior year, and adjusted earnings per diluted share were $7.87, an increase of 6% compared to $7.42 in the prior year. Income before income taxes increased to $1,852 million, up $162 million.

3. 03

   PPG Industries said it approved a cost reduction program in October 2024 and recorded a pretax restructuring charge of $239 million for employee severance and other cash costs. The company said annualized pretax savings once fully implemented are expected to be approximately $175 million, with 2025 savings of $60 million.

4. 04

   PPG Industries said operating cash flow in 2024 was $1.4 billion. The company deployed $752 million for share repurchases, $721 million for capital expenditures, $622 million for dividends and $31 million for acquisitions. The company ended the year with approximately $2.8 billion remaining under its current share repurchase authorization.

Key figures

Fiscal year ended December 31, 2024

Revenue

$15.8B

Net income

$1.1B

EPS

$4.75

Operating cash flow

$1.4B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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