PPG Q1 net sales fall 4% to $3.7 billion; adjusted EPS down 8% to $1.72
PPG reported first-quarter 2025 net sales of $3.7 billion, down 4% from a year earlier, with reported EPS of $1.64 and adjusted EPS of $1.72, down 4% and 8%. Organic sales rose 1% on higher volumes, but currency translation and divestitures reduced reported sales. PPG reaffirmed its full-year 2025 adjusted EPS guidance of $7.75 to $8.05.
Key points
- Net sales were $3,684 million versus $3,849 million, down 4%; organic sales rose 1%.
- Reported EPS was $1.64 versus $1.71; adjusted EPS was $1.72 versus $1.87.
- Share repurchases totaled approximately $400 million in the quarter; net debt was $5.4 billion, up $340 million year over year.
- Full-year 2025 adjusted EPS guidance of $7.75 to $8.05 was reaffirmed, not changed.
The filing
Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 29, 2025.
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