Financial Figures: PPG reports fourth quarter and full-year 2024 financial results; highlights yearly net sales of $15.8 billion

Tim Knavish, PPG chairman and chief executive officer, reports PPG's fourth quarter and full-year 2024 financial results, highlighting net sales of $15.8 billion for the year.

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Toronto, Ontario — On January 30, 2025, PPG released its fourth quarter and full-year 2024 financial results, highlighting net sales of $15.8 billion for the year.

According to a report of the results, for the fourth quarter of 2024, highlights for PPG include:

  • Net sales from continuing operations of $3.7 billion
  • Reported earnings per diluted share from continuing operations (EPS) of $0.01 and adjusted EPS of $1.61, an increase of three percent year over year
  • Share repurchases of approximately $250 million in the quarter

Moreover, when looking at the full year, highlights from 2024 include:

  • Reported EPS of $5.72 and adjusted EPS of $7.87, an increase of six percent year over year
  • Company net income margin of 8.5 percent and adjusted EBITDA margin of 18.1 percent, an increase of 100 basis points year over year
  • Operating cash flow of $1.4 billion; share repurchases and dividends of $1.4 billion

“Throughout 2024, we demonstrated resilience in a challenging macro environment by growing our adjusted EPS by six percent, improving aggregate segment margins and generating $1.4 billion in operating cash flow which we returned to shareholders,” said Tim Knavish, PPG chairman and chief executive officer.

“During the quarter, we repurchased approximately $250 million of stock, and about $750 million for the full year, which represented approximately three percent of our outstanding shares. Combined with our dividend, we have returned $1.4 billion to our shareholders throughout the year,” Knavish concluded.

To see the full financial report, click here. 
 

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