PPG Launches New Clearcoats for Value and Premium Collision Repair Markets

PPG (NYSE: PPG) has unveiled two new clearcoat product lines for U.S. collision repair bodyshops, catering to both value-focused and premium segments.

• PPG Super Value SC300 Series: Fast-drying, cost-effective acrylic urethane clearcoats that meet both National Rule and California's Rule 2.1 VOC standards.
• PPG DELTRON® NXT DC7020 Premium Glamour Speed Clearcoat: High-efficiency clearcoat offering a five-minute bake time at 140°F and significant energy savings, compatible with PPG ENVIROBASE® and DELTRON NXT basecoats.

These launches aim to enhance productivity and sustainability while maintaining PPG’s innovation leadership in the automotive refinish market.

PPG Industries reported net sales of $3.684 billion for the first quarter of 2025, representing a 4% decline compared to the same period in 2024. The drop was primarily due to unfavorable foreign currency translation (-3%) and business divestitures (-2%), including the exit from the silicas segment. However, organic sales increased by 1% year-over-year, driven by higher sales volumes. Net income for the quarter was $375 million, with reported earnings per diluted share (EPS) of $1.64 and adjusted EPS of $1.72. Segment margin stood at 16.5% and segment EBITDA margin at 19.4%. The company repurchased approximately $400 million in shares during the quarter, while net debt rose by $340 million to reach $5.4 billion.

By segment, Performance Coatings led growth with a 7% increase in net sales and a 9% rise in income, supported by double-digit organic growth in aerospace and protective and marine coatings. Conversely, Global Architectural Coatings and Industrial Coatings experienced declines of 11% and 8% in net sales, respectively. The drop in Global Architectural Coatings was driven by foreign exchange headwinds and lower volumes, reducing segment income by 29%. In Industrial Coatings, sales were impacted by lower OEM automotive production and divestitures, bringing segment income down 14%.

PPG reaffirmed its full-year 2025 adjusted EPS guidance of $7.75 to $8.05, citing continued share gains, cost-saving initiatives totaling an expected $75 million, and strong cash generation across all cycles. The company emphasized its diversified global portfolio, asset-light structure, and flexible cost base as key strategic strengths in navigating macroeconomic volatility.

PPG Shareholders Elect Directors and Approve Executive Pay at 2025 Annual Meeting

PITTSBURGH – PPG Industries, Inc. announced the results of its 2025 Annual Meeting of Shareholders, where investors voted on four key proposals, including the re-election of the full board of directors and an advisory vote on executive compensation.

Shareholders overwhelmingly elected all ten nominated directors to serve until the next annual meeting in 2026. Among those re-elected were Chair Kathy L. Fortmann, CEO Timothy M. Knavish, and board members Melanie L. Healey and Michael W. Lamach. The most closely contested election was for Guillermo Novo, who received 162.1 million votes in favor and 20.3 million against.

In a non-binding advisory vote, shareholders approved the compensation of PPG’s named executive officers, with nearly 170 million votes in favor and 12.3 million against. Just over 579,000 shareholders abstained from the vote, while 13.4 million shares were marked as broker non-votes.

The meeting also included the ratification of PricewaterhouseCoopers LLP as the company’s independent auditor for fiscal year 2025. The motion passed decisively, with over 193 million votes in favor and fewer than 3 million opposed.

A shareholder proposal requesting that certain executive severance arrangements be subject to shareholder approval was not approved, receiving only 10.4 million votes in favor, while more than 171 million voted against it.

As of the record date for the meeting, 226.9 million shares of common stock were issued and outstanding.

PPG Industries is a global supplier of paints, coatings, and specialty materials, headquartered in Pittsburgh, Pennsylvania.

Leon Topalian Appointed to PPG Board of Directors


PITTSBURGH — PPG announced today that Leon J. Topalian, chair, president, and CEO of Nucor Corporation, has been elected to the company’s board of directors, effective July 16, 2025. Topalian will also join the board’s Audit Committee and Sustainability and Innovation Committee.

With nearly three decades of experience at Nucor, the largest steel producer in North America, Topalian brings deep leadership and industrial expertise. He has led Nucor as president and CEO since 2020 and has served as board chair since 2022. His career includes key executive roles across operations, with a start as a project engineer at Nucor Steel Berkeley in 1996.

“Leon’s leadership and experience in industrial manufacturing strongly align with PPG’s strategic priorities,” said Michael W. Lamach, PPG’s lead independent director. Timothy M. Knavish, PPG’s chairman and CEO, added, “His knowledge of markets that overlap with ours will bring tremendous value to our board and our future growth.”

PPG operates in more than 70 countries and reported $15.8 billion in net sales for 2024, serving industries such as construction, transportation, and consumer goods with its paints, coatings, and specialty materials.

PPG Industries, Inc. announced the completion of a €900 million offering of 3.250% Notes due 2032. These notes were issued under the company's existing registration statement and will be governed by an indenture agreement. The net proceeds from the offering will be used for general corporate purposes, including working capital, capital expenditures, debt repayment, investments, or possible acquisitions.

The notes contain covenants limiting PPG's ability to incur secured debt, engage in mergers or asset transfers, and require a repurchase offer upon a "Change of Control Triggering Event." The company also has the option to redeem all the notes in the event of specific U.S. tax law changes.

An underwriting agreement for the sale of these notes was signed on February 26, 2025, with terms including an issue price of 99.022% of principal and a public offering price of 99.422%. The company also agreed to indemnify underwriters against certain liabilities.

This financial obligation will be reflected in the company’s filings, and supporting documents, including indenture agreements, the underwriting agreement, and legal opinions, are attached as exhibits to this Form 8-K.