- PPG (PPG, Financial) achieved net sales of $15.8 billion in 2024, with a 6% increase in adjusted EPS.
- The company returned $1.4 billion to shareholders, including $620 million in dividends and $750 million in stock repurchases.
- 41% of PPG's sales came from sustainably advantaged solutions in 2024.
PPG Industries (PPG) reported a strong financial performance for the year 2024, achieving net sales from continuing operations of $15.8 billion, alongside a 6% increase in adjusted earnings per share (EPS). The company's robust results were underpinned by its leading positions in aerospace coatings, automotive refinish coatings, and architectural coatings in Latin America.
In 2024, PPG returned a substantial $1.4 billion to its shareholders. This total included approximately $620 million in dividends and $750 million in stock repurchases, which reduced the outstanding shares by around 3%. The company has now raised its annual dividend payout for 53 consecutive years, highlighting its commitment to rewarding shareholders.
Significant strategic developments in 2024 included PPG’s divestment of its silicas products and architectural coatings businesses in the U.S. and Canada. This move was aimed at sharpening the company’s focus on higher-growth, higher-margin segments. Additionally, PPG is accelerating its digital transformation and reporting that 41% of total sales were derived from sustainably advantaged solutions.
Looking ahead to 2025, PPG expects to see organic sales growth, particularly in the second half of the year, supported by recent share gains. The company remains financially strong, providing flexibility for further investment or shareholder returns.
