PPGPPG Industries

Materials · Paints & Coatings · NYSE

PPG Industries, Inc. manufactures and distributes a broad range of paints, coatings and specialty products. 10-K, Item 1

Employees: 43,500
Headquarters: Pittsburgh, PA
Next results: around Jan 26, 2027

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The biggest changes in the 10-K filed 2026-02-19, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.

Net income

+41.2% Big change FY to 2025-12-31 vs 2024-12-31

“The effective tax rate on continuing operations for the year ended December 31, 2025 was 22.4%, a decrease of 3.2% compared to the prior year, primarily due to the absence of the 2024 impairment charge, which had no associated income tax benefit, and a reduction in the provision for uncertain tax positions.”
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“This range is the Company’s best estimate and represents an increase compared to the 2025 adjusted effective tax rate driven by higher rates in certain countries, including the impact of global minimum tax standards, and the geographic mix of earnings.”
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Cash from operations

+36.7% Big change FY to 2025-12-31 vs 2024-12-31

“The $545 million increase in Cash from operating activities - continuing operations was primarily due to higher net income and higher accounts payable and accrued liabilities, including the impact of lower incentive-based compensation payouts in 2025 versus 2024.”
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Revenue

+0.2% FY to 2025-12-31 vs 2024-12-31

“Net sales of approximately $15.9 billion in 2025 were flat compared to 2024, with higher selling prices, sales volume growth and favorable foreign currency translation offset by the impact of divestitures.”
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“Net sales increased $30 million due to the following:”
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Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗

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