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PPG delivers record Q3 2025 earnings per share – growth driven by aerospace and protective coatings
PPG Industries reported Q3 2025 net sales of EUR 3.75 billion, up 1 % year over year, and record adjusted diluted EPS of EUR 1.96, up 5 %. Strong growth in aerospace, protective & marine, and packaging coatings offset softer refinish volumes.
PPG Industries (NYSE: PPG) announced net sales of EUR 3.75 billion for the third quarter 2025 (+1 %), including 2 % organic growth from higher prices and volumes. Adjusted EPS increased 5 % year over year to a record EUR 1.96, while the segment EBITDA margin reached 20 %.
Chairman and CEO Tim Knavish highlighted PPG’s third consecutive quarter of sales volume growth and strong demand for its technology-advantaged products, delivering double-digit organic growth in aerospace, protective & marine, and packaging coatings. Growth in these areas offset a decline in automotive refinish coatings, where volumes were lower due to front-loaded distributor orders earlier in the year.
The Performance Coatings segment grew 3 % to EUR 1.30 billion, driven by pricing and currency benefits, while Industrial Coatings was flat year over year, supported by 8 % higher OEM coatings sales. Global Architectural Coatings rose slightly (+1 %).
PPG repurchased EUR 138 million in shares during the quarter and has returned EUR 1.1 billion to shareholders year to date through dividends and buybacks. For full-year 2025, the company expects adjusted EPS between EUR 7.00 and 7.10.
