PPG Stock - PPG Industries, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $15.85B | $16.24B | $15.61B | $16.80B | $13.83B |
| Gross Profit | $6.59B | $6.56B | $5.64B | $6.52B | $6.06B |
| Gross Margin | 41.6% | 40.4% | 36.1% | 38.8% | 43.8% |
| Operating Income | $2.29B | $2.04B | $1.67B | $1.69B | $1.78B |
| Net Income | $1.12B | $1.27B | $1.03B | $1.44B | $1.06B |
| Net Margin | 7.0% | 7.8% | 6.6% | 8.6% | 7.7% |
| EPS | $4.77 | $5.38 | $4.35 | $6.06 | $4.47 |
PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials worldwide. The company's 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; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft. It also provides coatings and finishes for the protection of metals and structures, such as metal fabricators, heavy duty maintenance contractors, and manufacturers of ships, bridges, and rail cars; paints, wood stains, adhesives, and purchased sundries for painting and maintenance contractors, and consumers for decoration and maintenance of residential and commercial building structures; and paints, thermoplastics, pavement marking products, and other technologies for pavement marking. The company's 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 tubes, and 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. The company was incorporated in 1883 and is headquartered in Pittsburgh, Pennsylvania.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 16th 2025 | JP Morgan | Upgrade | Overweight | $112 |
| April 15th 2025 | BofA Securities | Downgrade | Neutral | $126 |
| March 10th 2025 | Argus | Downgrade | Hold | - |
| March 5th 2025 | Seaport Research Partners | Downgrade | Neutral | - |
| February 12th 2025 | JP Morgan | Downgrade | Neutral | $115← $145 |
| April 22nd 2024 | Evercore ISI | Downgrade | In-line | $152 |
| April 22nd 2024 | Seaport Research Partners | Upgrade | Buy | - |
| April 11th 2024 | Wells Fargo | Upgrade | Overweight | $163← $150 |
| March 7th 2024 | UBS | Downgrade | Neutral | $156← $173 |
| March 1st 2024 | Wolfe Research | Initiation | Peer Perform | - |
| February 27th 2024 | Barclays | Downgrade | Equal Weight | $149← $163 |
| February 1st 2024 | Redburn Atlantic | Downgrade | Neutral | $160 |
| January 3rd 2024 | Vertical Research | Upgrade | Buy | - |
| October 11th 2023 | Barclays | Upgrade | Overweight | $160 |
| June 14th 2023 | Citigroup | Initiation | Buy | $161 |
Earnings History & Surprises
PPGEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 27, 2026 | — | — | — | — |
Q1 2026 | Jan 29, 2026 | $1.61 | — | — | — |
Q4 2025 | Oct 28, 2025 | $2.10 | $2.13 | +1.4% | ✓ BEAT |
Q3 2025 | Jul 29, 2025 | $2.23 | $2.22 | -0.4% | ✗ MISS |
Q2 2025 | Apr 29, 2025 | $1.62 | $1.72 | +6.2% | ✓ BEAT |
Q1 2025 | Jan 30, 2025 | $1.64 | $1.61 | -1.8% | ✗ MISS |
Q4 2024 | Oct 16, 2024 | $2.15 | $2.13 | -0.9% | ✗ MISS |
Q3 2024 | Jul 18, 2024 | $2.48 | $2.50 | +0.8% | ✓ BEAT |
Q2 2024 | Apr 18, 2024 | $1.86 | $1.86 | 0.0% | = MET |
Q1 2024 | Jan 18, 2024 | $1.50 | $1.53 | +2.0% | ✓ BEAT |
Q4 2023 | Oct 18, 2023 | $1.94 | $2.07 | +6.7% | ✓ BEAT |
Q3 2023 | Jul 20, 2023 | $2.14 | $2.25 | +5.1% | ✓ BEAT |
Q2 2023 | Apr 20, 2023 | $1.55 | $1.82 | +17.4% | ✓ BEAT |
Q1 2023 | Jan 19, 2023 | $1.13 | $1.22 | +8.0% | ✓ BEAT |
Q4 2022 | Oct 19, 2022 | $1.65 | $1.66 | +0.6% | ✓ BEAT |
Q3 2022 | Jul 21, 2022 | $1.73 | $1.81 | +4.6% | ✓ BEAT |
Q2 2022 | Apr 21, 2022 | $1.12 | $1.37 | +22.3% | ✓ BEAT |
Q1 2022 | Jan 20, 2022 | $1.17 | $1.26 | +7.7% | ✓ BEAT |
Q4 2021 | Oct 20, 2021 | $1.58 | $1.69 | +7.0% | ✓ BEAT |
Q3 2021 | Jul 19, 2021 | $2.19 | $1.94 | -11.4% | ✗ MISS |
Latest News
Citigroup Maintains Buy on PPG Indus, Raises Price Target to $120
📈 PositivePPG Industries shares are trading higher after JPMorgan maintained an Overweight rating and raised its price target on the stock from $112 to $117.
📈 PositiveJP Morgan Maintains Overweight on PPG Indus, Raises Price Target to $117
📈 PositiveMobile-health Network Solutions shares are trading higher after the company announced it signed a Memorandum of Understanding With PPG PP Grid for the acquisition of PPG project companies that own and are developing two high-density AI-optimized data centers in Sarawak, Malaysia.
📈 PositiveMobile-Health Network Solutions Signs Legally Binding MOU With PPG For Acquisition Of PPG Project Companies; MNDR Is Expected To Issue Compensation To PPG Valued At Up To $120M
➖ NeutralPPG And Fire-Off Begin Sigma EcoCollect Program Allowing Voluntary Return Of Used Packaging Across 90+ Sigma Coatings Locations In The Netherlands
📈 PositiveEvercore ISI Group Maintains In-Line on PPG Indus, Lowers Price Target to $112
➖ NeutralUBS Maintains Neutral on PPG Indus, Lowers Price Target to $110
➖ NeutralWells Fargo Maintains Overweight on PPG Indus, Lowers Price Target to $130
➖ NeutralPPG Indus Lowers FY2025 Adj EPS Guidance from $7.75-$8.05 to $7.60-$7.70 vs $7.82 Est
📉 NegativePPG Indus Q3 Adj. EPS $2.13 Beats $2.09 Estimate, Sales $4.082B Beat $4.047B Estimate
📈 PositiveJP Morgan Upgrades PPG Indus to Overweight, Announces $112 Price Target
📈 PositiveB of A Securities Maintains Neutral on PPG Indus, Lowers Price Target to $129
➖ NeutralPPG Debuts MIX'N'SHAKE At EQUIP AUTO Paris, Enhancing Workflow And Integrating With PPG LINQ Digital Ecosystem
📈 PositiveWells Fargo Maintains Overweight on PPG Indus, Lowers Price Target to $132
➖ NeutralUBS Maintains Neutral on PPG Indus, Lowers Price Target to $115
➖ NeutralCitigroup Maintains Buy on PPG Indus, Lowers Price Target to $120
➖ NeutralMizuho Maintains Outperform on PPG Indus, Lowers Price Target to $125
➖ NeutralFrequently Asked Questions about PPG
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