PPG Industries (PPG) Company Overview

PPG Industries, Inc. announced its fourth-quarter adjusted EPS results, which were lower than anticipated, and provided FY25 adjusted EPS guidance that fell short of expectations, after the market closed on Thursday.

In the fourth quarter, PPG's adjusted EPS and overall segment EBITDA margins rose because of the sales of products with advanced technology.

Dublin, January 31, 2025 (GLOBE NEWSWIRE) -- ResearchAndMarkets.com has included the "Smart Windows - Global Strategic Business Report" in its collection. The worldwide market for Smart Windows was worth $5.1 billion in 2023 and is expected to grow to $11 billion by 2030, with an annual growth rate of 11.5% from 2023 to 2030.

PPG Industries, Inc. (NYSE:PPG) will hold its Q4 2024 Earnings Conference Call on January 31, 2025, at 8:00 AM ET. The call will feature company representatives, including Alex Lopez, Tim Knavish, and Vince Morales, along with various participants from different financial institutions. The conference operator, Breca, will begin the call by welcoming everyone.

PPG Industries (PPG) reported quarterly earnings of $1.61 per share, which is lower than the Zacks Consensus Estimate of $1.65 per share. In comparison, the company earned $1.53 per share during the same period last year.

PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE:PPG) has announced its financial results for the fourth quarter and the entire year of 2024. In the fourth quarter, the company reported net sales of $3.729 billion, a decrease of 5% compared to the same period in 2023, while net income dropped by 98% to $2 million. However, adjusted net income saw a slight increase of 1%, reaching $375 million, and adjusted earnings per share rose by 3% to $1.61.

PPG is likely to have gained from its acquisitions, price adjustments, and savings from restructuring in the fourth quarter, despite low demand.

PPG Industries (PPG) lacks the right mix of the two important factors that could lead to a strong earnings report in the near future. Be ready for the main expectations.

PPG Industries has lagged behind the S&P 500 by almost 50%, yet its core financials are strong, with an anticipated annual EPS growth of over 5% and record adjusted EPS in the third quarter of 2024. While facing difficulties in the automotive and architectural coatings sectors, PPG's aerospace division is experiencing high demand, and the company is optimizing its operations and repurchasing shares. Currently, PPG's stock is priced at under 15 times its earnings, which is much lower than its usual range of 20-22 times, indicating a possible annual return of 14-15% and a target price of $160 per share.