PPG Industries, Inc. (PPG)

PPG's stock price has been impacted by its earnings reports and broader market conditions, with a decline of 11.91% from July 18, 2024, to July 17, 2025, and a 6.96% decrease over the past six months as of July 21, 2025. The company's fourth-quarter 2024 earnings missed expectations due to weak demand in Europe and lower automotive OEM build rates, leading to a stock price dip. However, the first quarter of 2025 exceeded EPS expectations, resulting in a stock rise, despite a year-over-year decline in net sales due to unfavorable foreign currency translation and business divestitures.

PPG's business generally moves with the global economic cycle. Industrial Coatings were significantly impacted by the COVID-19 pandemic slowdown but experienced a rebound in demand. Architectural Coatings saw an increase during the pandemic due to home improvement projects. Aerospace Coatings demand has remained strong, with customer order backlogs stable. Traffic Solutions is expected to follow typical seasonal trends and benefit from increased U.S. infrastructure spending. Europe is expected to experience soft economic conditions, while strong sequential growth is anticipated in Asia due to higher industrial production. PPG expects a slow start to 2025 with stronger performance in the second half of the year.

PPG Industries, Inc. is a global leader in the manufacturing and distribution of paints, coatings, and specialty materials, operating primarily within the Chemicals sector, specifically in the Paints/Coatings and Industrial Specialties industries. The company produces and supplies coatings for various applications, including paints, coatings, sealants, adhesives, and specialty materials, as well as flat glass, fiberglass, and various chemicals. PPG's product lines are broadly categorized into Performance Coatings, Industrial Coatings, and Global Architectural Coatings, utilized across diverse industries such as industrial equipment, packaging, aerospace, automotive, construction, and marine.

PPG Industries has a significant global presence, operating in more than 70 countries with manufacturing facilities across six continents. As of 2024, 41% of its net sales were from the United States and Canada, 30.8% from Europe/Middle East/Africa (EMEA), 15.8% from Asia/Pacific, and 12.4% from Latin America. The company maintains 177 manufacturing facilities worldwide, including 61 in the United States and Canada, 61 in EMEA, 37 in Asia Pacific, and 18 in Latin America.

PPG Industries maintains a strong brand reputation, consistently recognized for its quality and corporate responsibility. The company was included in Fortune magazine's "World's Most Admired Companies" list for the 17th consecutive year in 2025, ranking #2 in the chemicals industry. PPG was also recognized on Newsweek's "Most Trustworthy Companies in America 2025" list for the second straight year. Events positively affecting PPG's reputation include the extension of the COLORFUL COMMUNITIES program, sponsorship of the Tasca Racing team, and increased cybersecurity investments.

PPG Industries' stock ownership is primarily held by institutional investors, who collectively own approximately 83.49% of the company's stock. Insiders hold a small percentage, less than 1% (0.87%), while retail and individual investors own about 15.64% to 39.37%. Major institutional shareholders include The Vanguard Group, Inc., BlackRock, Inc., and State Street Global Advisors, Inc.