PPG Industries (PPG) Q3 2025 10-Q Quarterly Report

Filed: Oct 29, 2025Period ending Sep 30, 2025

Health Care

Paints, Varnishes, Lacquers, Enamels & Allied ProdsSEC EDGAR

PPG Industries (PPG) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Oct 29, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

PPG Industries Q3 2025 10-Q Analysis

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

PPG Industries Q3 2025 Quarterly Financials
XBRL

Revenue

$4.1B

▼ -10.8% YoY▼ -2.7% QoQ

Net Income

$453M

▼ -3.2% YoY▲ +0.7% QoQ

Net Margin

11.1%

▲ +87bp YoY▲ +37bp QoQ

Source: XBRL data from PPG Industries Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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