Short answer
PPG Industries (PPG) filed its Q3 2025 10-Q quarterly report on Oct 29, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $4.1B (down 10.8% year over year) with net income of $453M.
Q3 2025 key financials · XBRL
- Revenue
- $4.1B
- −10.8% YoY · −2.7% QoQ
- Net income
- $453M
- −3.2% YoY · +0.7% QoQ
- Operating margin
- 16.9%
- EPS (diluted)
- $2.00
- +0.0% YoY · +1.5% QoQ
Source: XBRL data from the PPG Industries (PPG) Q3 2025 10-Q on SEC EDGAR. USD.
PPG Industries Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $4.08B Q3 2025, up 1.2% YoY ($50M increase); nine months $11.96B, down 1.3% YoY
- Operating margin declined: Q3 segment income $689M vs $689M prior year (Global Arch $184M up 0.5%, Performance $272M down 11%, Industrial $233M up 16.5%)
- Best segment Industrial Coatings Q3 income +16.5% to $233M; worst Performance Coatings income -11.1% to $272M mainly from automotive refinish decline
- Cash and short-term investments $1.9B up from $1.4B; operating cash flow $1.05B flat YoY; capital expenditures $417M down $84M YoY
- Outlook: Q4 2025 organic sales flat to low single-digit growth in Architectural and Industrial Coatings; Performance Coatings expected flat to low single-digit decline due to automotive segment challenges
Risk Factors
- Continued exposure to raw material price volatility impacting cost management
- Potential supply chain disruptions affecting manufacturing and delivery schedules
- Currency fluctuations influencing international revenue and profitability
- Compliance with environmental regulations, including emissions standards and waste disposal
- Market demand variability in automotive and industrial coatings segments affecting near-term sales
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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