PPG INDUSTRIES INC
For the period ended Jun 30, 2025. Filed Jul 30, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Jul 30, 2025
PPG$124.42-0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Condensed Consolidated Statement of Income
Condensed Consolidated Statement of Income (Unaudited)
| Three Months Ended June 30 | Six Months Ended June 30 | |||
|---|---|---|---|---|
| ($ in millions, except per share amounts) | 2025 | 2024 | 2025 | 2024 |
| Net sales | $4,195 | $4,235 | $7,879 | $8,084 |
| Cost of sales, exclusive of depreciation and amortization | 2,432 | 2,450 | 4,574 | 4,655 |
| Selling, general and administrative | 872 | 858 | 1,710 | 1,708 |
| Depreciation | 102 | 89 | 191 | 184 |
| Amortization | 33 | 35 | 65 | 70 |
| Research and development, net | 106 | 108 | 208 | 215 |
| Interest expense | 62 | 62 | 118 | 117 |
| Interest income | (44) | (45) | (87) | (87) |
| Other charges, net | 34 | 27 | — | 29 |
| Income before income taxes | $598 | $651 | $1,100 | $1,193 |
| Income tax expense | 140 | 149 | 262 | 277 |
| Income from continuing operations | $458 | $502 | $838 | $916 |
| Income/(loss) from discontinued operations, net of tax | — | 35 | (2) | 30 |
| Net income attributable to controlling and noncontrolling interests | $458 | $537 | $836 | $946 |
| Net income attributable to noncontrolling interests | (8) | (9) | (13) | (18) |
| Net income (attributable to PPG) | $450 | $528 | $823 | $928 |
| Amounts attributable to PPG: | ||||
| Income from continuing operations, net of tax | $450 | $493 | $825 | $898 |
| Income/(loss) from discontinued operations, net of tax | — | 35 | (2) | 30 |
| Net income (attributable to PPG) | $450 | $528 | $823 | $928 |
| Earnings per common share: | ||||
| Income from continuing operations, net of tax | $1.98 | $2.10 | $3.63 | $3.82 |
| Income/(loss) from discontinued operations, net of tax | — | 0.15 | (0.01) | 0.13 |
| Earnings per common share (attributable to PPG) | $1.98 | $2.25 | $3.62 | $3.95 |
| Earnings per common share – assuming dilution: | ||||
| Income from continuing operations, net of tax | $1.98 | $2.09 | $3.61 | $3.80 |
| Income/(loss) from discontinued operations, net of tax | — | 0.15 | (0.01) | 0.13 |
| Earnings per common share (attributable to PPG) - assuming dilution | $1.98 | $2.24 | $3.60 | $3.93 |
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