PPG Industries, Inc.
Description
PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through two segments, Performance Coatings and Industrial Coatings. The Performance Coatings segment offers coatings, solvents, adhesives, sealants, sundries, and software for automotive and commercial transport/fleet repair and refurbishing, light industrial coatings, and specialty coatings for signs; wood stains; paints, thermoplastics, pavement marking products, and other advanced technologies for pavement marking for government, commercial infrastructure, painting, and maintenance contractors; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft. The Industrial Coatings segment offers coatings, adhesives and sealants, and metal pretreatments, as well as services and coatings applications for appliances, agricultural and construction equipment, consumer electronics, automotive parts and accessories, building products, kitchenware, and transportation vehicles and other finished products; and on-site coatings services. It also provides coatings for metal cans, closures, plastic and aluminum tubes for food, beverage and personal care, promotional, and specialty packaging; amorphous precipitated silica for tire, battery separator, and other end-uses; TESLIN substrates for labels, e-passports, drivers' licenses, breathable membranes, and loyalty and identification cards; and organic light emitting diode materials, displays and lighting lens materials, optical lenses, color-change products, and photochromic dyes. PPG Industries, Inc. was incorporated in 1883 and is headquartered in Pittsburgh, Pennsylvania.
About
CEO
Mr. Timothy M. Knavish
Employees
53,000
Instrument type
Common Stock
Sector
Basic Materials
Industry
Specialty Chemicals
MIC code
XNYS
Address
One PPG Place, Pittsburgh, PA 15272, United States
×
![Enlarged Chart]()
Oscillators
Invalid data format
Summary
Invalid data format
Moving Averages
Invalid data format
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 14, 2025 | — | — | — | — |
| Jul 16, 2025 | — | — | — | — |
| Apr 16, 2025 | — | — | — | — |
| Jan 31, 2025 | 1.66 | — | — | — |
| Oct 17, 2024 | 2.15 | 2.13 | -0.02 | -0.93% |
Earnings estimate
|
Current Quarter
(Mar 2025)
|
Next Quarter
(Jun 2025)
|
Current Year
(Dec 2025)
|
Next Year
(Dec 2026)
|
|
|---|---|---|---|---|
| Number of analysts | 9 | 9 | 18 | 15 |
| Average estimate | 1.86 | 2.50 | 8.53 | 9.37 |
| Low estimate | 1.65 | 2.31 | 7.90 | 8.85 |
| High estimate | 2.05 | 2.64 | 8.80 | 9.89 |
| Last year EPS | 1.86 | 2.50 | 7.87 | 8.53 |
[stock_revenue_estimate]
Growth estimates
Current qtr (Mar 2025)
-0.560%
Next qtr. (Jun 2025)
-1.320%
Current year (Dec 2025)
8.520%
Next year (Dec 2026)
8.590%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 18.25B | 17.65B | 16.80B | 13.83B | 15.15B |
| Cost of revenue | 10.75B | 11.10B | 10.29B | 7.78B | 8.65B |
| Gross profit | 7.50B | 6.56B | 6.52B | 6.06B | 6.49B |
| Operating expense | |||||
| Research & development | 433.00M | 448.00M | 439.00M | 379.00M | 432.00M |
| Selling general and admin | 4.45B | 3.83B | 3.82B | 3.39B | 3.60B |
| Other operating expenses | — | -8.00M | -8.00M | -7.00M | -8.00M |
| Operating income | 2.06B | 1.72B | 1.70B | 1.79B | 1.95B |
| Non operating interest income | |||||
| Income | 140.00M | 54.00M | 26.00M | 23.00M | 32.00M |
| Expense | 247.00M | 167.00M | 121.00M | 138.00M | 132.00M |
| Other income expense | -204.00M | -228.00M | 209.00M | -310.00M | -193.00M |
| Pretax income | 1.75B | 1.38B | 1.82B | 1.36B | 1.66B |
| Tax provision | 439.00M | 325.00M | 374.00M | 291.00M | 392.00M |
| Net income | 1.31B | 1.05B | 1.46B | 1.07B | 1.27B |
| Basic EPS | 5.38 | 4.34 | 6.06 | 4.47 | 5.25 |
| Diluted EPS | 5.35 | 4.32 | 6.01 | 4.45 | 5.22 |
| Basic average shares | 236.00M | 236.10M | 237.60M | 236.80M | 236.90M |
| Diluted average shares | 236.00M | 236.10M | 237.60M | 236.80M | 236.90M |
| EBITDA | 2.75B | 2.38B | 2.48B | 2.27B | 2.47B |
| Net income from continuing op. | 1.31B | 1.06B | 1.44B | 1.07B | 1.27B |
| Minority interests | -39.00M | -28.00M | -21.00M | -15.00M | -26.00M |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 21.65B | 20.74B | 21.35B | 19.56B | 17.71B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 1.51B | 1.10B | 1.01B | 1.83B | 1.22B |
| Other short term investments | 75.00M | 55.00M | 67.00M | 96.00M | 57.00M |
| Accounts receivable | 2.88B | 2.82B | 2.69B | 2.41B | 2.48B |
| Other receivables | 398.00M | 479.00M | 465.00M | 314.00M | 274.00M |
| Inventory | 2.13B | 2.27B | 2.17B | 1.74B | 1.71B |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 436.00M | 444.00M | 379.00M | 415.00M | 431.00M |
| Non current assets | |||||
| Properties | 2.12B | 2.03B | 2.07B | 1.97B | 1.87B |
| Land and improvements | 572.00M | 548.00M | 570.00M | 541.00M | 511.00M |
| Machinery furniture equipment | 4.16B | 3.96B | 3.95B | 3.79B | 3.58B |
| Construction in progress | 683.00M | 492.00M | 509.00M | 345.00M | 314.00M |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -4.96B | -4.65B | -4.53B | -4.35B | -4.08B |
| Goodwill | 14.82B | 14.57B | 15.28B | 12.56B | 11.07B |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 2.42B | 2.41B | 2.78B | 2.35B | 2.13B |
| Investments and advances | 259.00M | 244.00M | 274.00M | 267.00M | 258.00M |
| Other non current assets | 857.00M | 678.00M | 939.00M | 1.06B | 914.00M |
| Total liabilities | 13.62B | 14.04B | 14.94B | 13.74B | 12.31B |
| Current liabilities | |||||
| Accounts payable | 3.57B | 3.47B | 3.74B | 3.16B | 2.91B |
| Accrued expenses | 674.00M | 501.00M | 534.00M | 505.00M | 455.00M |
| Short term debt | 500.00M | 496.00M | 201.00M | 758.00M | 683.00M |
| Deferred revenue | — | — | — | — | — |
| Tax payable | 128.00M | 37.00M | 36.00M | 46.00M | 46.00M |
| Pensions | 96.00M | 77.00M | 87.00M | 85.00M | 85.00M |
| Other current liabilities | — | — | — | 281.00M | 196.00M |
| Non current liabilities | |||||
| Long term debt | 6.37B | 7.14B | 7.27B | 5.85B | 5.16B |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 508.00M | 501.00M | 646.00M | 435.00M | 452.00M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 654.00M | 632.00M | 757.00M | 949.00M | 911.00M |
| Shareholders equity | |||||
| Common stock | 969.00M | 969.00M | 969.00M | 969.00M | 969.00M |
| Retained earnings | 21.50B | 20.83B | 20.37B | 19.47B | 18.91B |
| Other shareholders equity | -2.24B | -2.81B | -2.75B | -2.60B | -2.35B |
| Total shareholders equity | 8.02B | 6.71B | 6.41B | 5.82B | 5.40B |
| Additional paid in capital | 1.20B | 1.13B | 1.08B | 1.01B | 950.00M |
| Treasury stock | 13.60B | 13.53B | 13.39B | 13.16B | 13.19B |
| Minority interest | 191.00M | 117.00M | 125.00M | 126.00M | 119.00M |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||||||||
| Net Income | 1.31B | 1.06B | 1.44B | 1.07B | 1.27B | 1.34B | 1.39B | 565.00M | 1.33B | 1.11B | 973.00M | 680.00M | 962.00M | 880.00M | 426.00M | 624.00M | 856.00M | 711.00M | 596.00M | 683.00M | 494.00M | -69.00M | 387.00M | 620.00M | 568.00M | 801.00M | 714.00M | 744.00M | 768.00M | 514.60M | 295.00M | 319.40M | 201.40M | 474.80M | 465.20M |
| Depreciation | 558.00M | 554.00M | 561.00M | 509.00M | 511.00M | 497.00M | 460.00M | 440.00M | 446.00M | 450.00M | 452.00M | 399.00M | 425.00M | 470.00M | 480.00M | 563.00M | 403.00M | 380.00M | 372.00M | 388.00M | 394.00M | 398.00M | 447.00M | 447.00M | 419.00M | 383.00M | 373.00M | 363.00M | 352.00M | 335.20M | 350.20M | 373.20M | 372.80M | 344.80M | 310.20M |
| Deferred Taxes | -183.00M | -157.00M | 35.00M | -47.00M | -5.00M | 45.00M | 38.00M | 171.00M | — | -87.00M | -16.00M | -207.00M | -19.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | 59.00M | 35.00M | 57.00M | 44.00M | 39.00M | 37.00M | 35.00M | 45.00M | 54.00M | 71.00M | 81.00M | 71.00M | 34.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | 4.00M | -214.00M | -282.00M | 62.00M | 153.00M | -42.00M | -122.00M | -868.00M | -193.00M | 354.00M | -44.00M | 149.00M | -176.00M | -401.00M | 5.00M | 111.00M | 60.00M | 52.00M | 59.00M | -9.00M | 13.00M | -2.00M | — | — | — | — | — | — | — | -159.00M | -27.10M | -20.60M | 84.30M | 3.00M | -3.20M |
| Accounts Receivable | 10.00M | -268.00M | -63.00M | 187.00M | 121.00M | -69.00M | -76.00M | -68.00M | -125.00M | -116.00M | -25.00M | 171.00M | -107.00M | -188.00M | 294.00M | -4.00M | -224.00M | -87.00M | -144.00M | -134.00M | -58.00M | -36.00M | 74.00M | -44.00M | -128.00M | -85.00M | -124.00M | -2.00M | -29.00M | -263.70M | -33.70M | -41.20M | -10.80M | 95.20M | -73.70M |
| Accounts Payable | 130.00M | -8.00M | 295.00M | 127.00M | -63.00M | -76.00M | 188.00M | — | — | — | — | — | — | — | -152.00M | 15.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | 103.00M | -423.00M | -356.00M | 135.00M | 25.00M | -311.00M | -329.00M | -244.00M | -61.00M | -250.00M | 12.00M | 56.00M | -51.00M | 121.00M | 250.00M | -77.00M | -177.00M | 22.00M | -75.00M | -32.00M | 203.00M | -58.00M | 175.00M | -195.00M | -116.00M | -149.00M | -39.00M | -100.00M | -74.00M | 56.00M | 27.40M | 85.10M | -3.50M | -54.50M | -44.30M |
| Operating Cash Flow | 1.99B | 575.00M | 1.69B | 2.09B | 2.05B | 1.42B | 1.58B | 41.00M | 1.45B | 1.53B | 1.43B | 1.32B | 1.07B | 882.00M | 1.30B | 1.23B | 918.00M | 1.08B | 808.00M | 896.00M | 1.05B | 233.00M | 1.08B | 828.00M | 743.00M | 950.00M | 924.00M | 1.01B | 1.02B | 483.10M | 611.80M | 715.90M | 644.20M | 863.30M | 654.20M |
| Investing Activities | |||||||||||||||||||||||||||||||||||
| Capital Expenditures | — | — | 47.00M | — | — | 27.00M | — | — | — | — | — | -369.00M | 27.00M | -281.00M | -196.00M | -338.00M | -296.00M | -324.00M | -257.00M | -193.00M | -163.00M | -190.00M | -235.00M | -521.00M | -301.00M | -191.00M | -220.00M | -456.00M | -269.00M | -211.50M | -205.60M | -282.30M | -317.60M | -500.50M | -514.60M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | -109.00M | -114.00M | -2.14B | -1.17B | -643.00M | -378.00M | 268.00M | 745.00M | -273.00M | -488.00M | -43.00M | -122.00M | 47.00M | -34.00M | -26.00M | -1.45B | -233.00M | -402.00M | -91.00M | -67.00M | -3.00M | -22.00M | -10.00M | -115.00M | -1.34B | -390.00M | -363.00M | -13.00M | -6.00M | -33.90M | — | — | — | — | — |
| Purchase of Investments | — | — | — | -5.00M | -8.00M | -28.00M | -34.00M | -49.00M | -131.00M | -1.25B | -1.27B | -1.41B | -135.00M | -633.00M | — | — | — | -963.00M | -1.99B | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Sale of Investments | — | — | — | 22.00M | 28.00M | 23.00M | 37.00M | 129.00M | 458.00M | 1.38B | 1.83B | 304.00M | 749.00M | 5.00M | — | — | — | 963.00M | 2.04B | — | — | — | — | — | — | — | — | — | — | — | — | — | 42.70M | 25.50M | — |
| Investing Cash Flow | -7.00M | 57.00M | -1.99B | -1.13B | -576.00M | -353.00M | 297.00M | 852.00M | 81.00M | -325.00M | 516.00M | -1.57B | 765.00M | -949.00M | -203.00M | 125.00M | -2.25B | -662.00M | -365.00M | -260.00M | -166.00M | -212.00M | -245.00M | -636.00M | -1.64B | -581.00M | -583.00M | -469.00M | -275.00M | -245.40M | -236.50M | -256.10M | -274.90M | -488.00M | -437.40M |
| Financing Activities | |||||||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | 550.00M | 1.12B | 2.09B | 415.00M | 595.00M | 992.00M | — | 988.00M | 1.24B | 1.16B | — | 397.00M | — | 998.00M | 429.00M | 1.18B | 25.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | -1.40B | -302.00M | -1.45B | -2.42B | -660.00M | -9.00M | -588.00M | -379.00M | -340.00M | -1.80B | -605.00M | -190.00M | -400.00M | -239.00M | -1.71B | -3.69B | -154.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | -16.00M | -24.00M | 12.00M | -62.00M | -61.00M | -29.00M | -78.00M | -25.00M | -105.00M | -167.00M | -11.00M | -120.00M | -92.00M | -63.00M | 634.00M | — | — | -4.00M | 10.00M | 13.00M | 25.00M | 23.00M | — | — | — | — | — | — | — | — | 19.70M | 16.40M | 15.80M | 13.50M | 24.10M |
| Financing Cash Flow | -1.55B | -409.00M | 140.00M | -859.00M | -758.00M | -1.21B | -1.95B | -1.21B | -812.00M | -929.00M | -1.89B | -250.00M | -1.61B | 639.00M | -2.19B | -1.89B | 1.20B | -406.00M | -765.00M | -273.00M | -208.00M | -232.00M | -275.00M | -475.00M | -337.00M | -447.00M | -568.00M | -845.00M | -819.00M | -498.40M | -269.10M | -181.70M | -172.20M | -295.50M | -194.50M |
| Other Cash Details | |||||||||||||||||||||||||||||||||||
| End Cash Position | 1.51B | 1.10B | 1.01B | 1.83B | 1.22B | 902.00M | 1.44B | 1.82B | 1.31B | 686.00M | 1.12B | 1.31B | 1.46B | 1.34B | 1.06B | 1.02B | 526.00M | 455.00M | 466.00M | 709.00M | 499.00M | 117.00M | 108.00M | 111.00M | 158.00M | 128.00M | 129.00M | 70.00M | 106.00M | 62.10M | 111.90M | — | — | — | — |
| Income Tax Paid | 495.00M | 452.00M | 491.00M | 367.00M | 348.00M | 380.00M | 648.00M | 349.00M | 383.00M | 642.00M | 319.00M | 503.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 213.00M | 156.00M | 140.00M | 153.00M | 127.00M | 108.00M | 100.00M | 118.00M | 115.00M | 218.00M | 201.00M | 219.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 1.86B | 445.00M | 1.19B | 1.83B | 1.67B | 1.06B | 1.21B | 971.00M | 1.47B | 964.00M | 1.30B | 1.46B | 1.11B | 1.00B | 1.11B | 1.05B | 632.00M | 758.00M | 777.00M | 774.00M | 906.00M | 634.00M | 769.00M | 309.00M | 412.00M | 455.00M | 541.00M | 532.00M | 624.00M | 369.30M | 483.10M | 387.90M | 143.50M | 389.30M | 43.20M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 7,391,333 | 822.43M | 3.19% |
| Vanguard 500 Index Fund | Sep 30, 2024 | 6,110,380 | 679.90M | 2.63% |
| Vanguard Mid-Cap Index Fund | Sep 30, 2024 | 4,940,130 | 549.69M | 2.13% |
| JP Morgan Equity Income Fund | Sep 30, 2024 | 4,199,447 | 467.27M | 1.81% |
| Vanguard Fenway Funds-Equity Income Fund | Sep 30, 2024 | 2,896,456 | 322.29M | 1.25% |
| Fidelity 500 Index Fund | Nov 30, 2024 | 2,882,838 | 320.77M | 1.24% |
| SPDR S&P 500 ETF Trust | Nov 30, 2024 | 2,883,675 | 320.87M | 1.24% |
| iShares Core S&P 500 ETF | Nov 30, 2024 | 2,636,740 | 293.39M | 1.14% |
| Columbia Fds Ser Tr I-Columbia Dividend Income Fd | Nov 30, 2024 | 2,534,476 | 282.01M | 1.09% |
| Putnam Large Cap Value Fund | Oct 31, 2024 | 1,980,881 | 220.41M | 0.85% |
Article
PPG and Tasca Racing gear up for 2025 drag racing season
STRONGSVILLE, Ohio--(BUSINESS WIRE)--PPG (NYSE: PPG) today announced that it has extended its sponsorship of the Tasca Racing team for the 2025 season. The eye-catching PPG NITRO MUSTANG® DARK HORSE® Funny Car will be on the track for four events this year, including three NATIONAL HOT ROD ASSOCIATION® (NHRA®) Mission Foods Drag Racing Series races. The PPG Nitro Mustang Funny Car will debut Feb. 6-8 at the PRO (Professional Racers Owners Organization) Superstar Shootout at Bradenton Motorsport.
Feb 6, 2025
Article
PPG Unveils Non-BPA HOBA Coatings for Aluminum Bottles
PPG Hoba coatings are intended for monobloc aerosols, collapsible tubes and aluminum bottles and offer improved interior protection.
Feb 6, 2025
Article
PPG will extend COLORFUL COMMUNITIES program through 2035
PITTSBURGH--(BUSINESS WIRE)--PPG will extend its COLORFUL COMMUNITIES program through 2035.
Feb 4, 2025
