.VLChqfLnBJ.png?auto=format%2Ccompress&q=70&w=400)
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.