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.