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PPG Industries Inc. recently released its first quarter financial results for 2025.
The company reported overall net sales of $3.7 billion in Q1 2025, a decrease of 4% from $3.8 billion in 2024.
In the Global Architectural Coatings segment, net sales reached $857 million, down 11% from the previous year due to unfavorable foreign currency translation and lower net sales volumes. Higher selling prices partially offset these declines.
The Performance Coatings segment saw an increase in net sales, hitting $1.27 million, up 7% from Q1 2024. Sales volume growth was led by aerospace coatings, protective and marine coatings and traffic solutions.
Net sales in the Industrial Coatings segment were reported at $1.56 million, 8% lower than the first quarter of 2024. This was primarily driven by the impact of foreign currency translation and the divestiture of the silicas products business in 2024.
“The current macro-economic environment is highly dynamic and our business model has historically proven to be well positioned to navigate through uncertainty given our diverse, global business portfolio, asset-light footprint and highly variable cost structure,” says Tim Knavish, PPG chairman and chief executive officer. “In addition, we have a demonstrated track record of consistent cash generation through all stages of the business cycle to complement our strong balance sheet. As we look ahead with this economic backdrop, we are executing our self-help cost actions, working with our suppliers and customers to adjust to global product flows and mitigate cost impacts and we are further strengthening our structural organic growth capabilities.”
