Coatings provider PPG has released its financial results for the second quarter of 2025, reporting a decrease of 1% in net sales compared to the same period last year. The company reports that the decrease was driven by business divestitures. PPG reported an increase in organic sales of 2% year-over-year, due to higher sales volumes and prices. Net sales for the second quarter of 2025 were $4,195 million, compared to $4,235 million for the same period in 2024. Earnings per diluted share (EPS) for the quarter were $1.98 and adjusted EPS were $2.22. The company reported the total shares repurchased in the quarter totaled approximately $150 million, with a total of approximately $540 million for the year to date. 

Net sales for PPG's Global Architectural Coatings segment were lower compared to the second quarter 2024, driven by the divestiture of our architectural coatings business in Russia and lower sales volumes. The segment reported net sales for the quarter of $1,018 million, compared to $1,070 million for the same period in 2024. PPG reports that its Performance Coatings segment delivered 6% growth in organic sales with an increase in both selling prices and sales volumes. Net sales for the quarter were $1,512 million, compared to $1,418 million in the second quarter of 2024. Net sales in PPG’s Industrial Coatings segment were $1,665 million for the second quarter of 2025, compared to $1,747 million in the second quarter of 2024. 

Tim Knavish, PPG chairman and chief executive officer, commented on the quarter, "I am pleased with our growth momentum as we delivered 2% organic sales growth with equal contributions from sales volumes and selling prices. This organic growth reflects the benefits of PPG's strong product portfolio and our commercial execution across our global business in an increasingly dynamic macro environment. The Performance Coatings segment achieved record quarterly sales and earnings with a 6% increase in organic sales supported by strong customer demand for our technology-advantaged products and services. In the Industrial Coatings segment, following several quarters of contraction, sales volumes were flat as we realized the initial benefits of share gains.

"Overall demand for architectural coatings in Europe was lackluster with declines primarily in the east, which were partially offset by organic sales growth in the Nordic region and the United Kingdom. In Mexico, retail demand for architectural coatings was solid, and although project-related spending improved sequentially, it remained lower year over year. Regionally, organic sales grew a mid-single-digit percentage in the U.S. and Canada, representing the second consecutive quarter of year-over-year increases, and Latin America delivered comparable organic growth.

"As we look ahead, our positive volume growth momentum is expected to accelerate in the second half of the year, and we expect to deliver strong year-over-year earnings growth. This is due to growing benefits from share gains in our Industrial Coatings segment driving low single-digit percentage sales volume growth for the segment in the third and fourth quarters, including expected above-market growth in automotive original equipment manufacturer (OEM) coatings, packaging coatings and industrial coatings. In the "Performance Coatings segment, we expect solid organic growth across most businesses, partially offset by a decrease in refinish sales due to lower industry activity and softer PPG demand stemming from customer order patterns. In addition, we expect benefits in our architectural coatings business in Mexico as project-related demand is anticipated to improve during the second half of 2025. The accelerated momentum in volume growth and execution of our self-help actions is expected to drive year-over-year EPS growth of a high single-digit percentage in the second half of the year."

Learn more about PPG at www.ppg.com.

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