PPG Industries

PPG Industries, Inc. is a global leader in paints, coatings, and specialty materials, headquartered in Pittsburgh, Pennsylvania. Operating in more than 70 countries, PPG is the second largest coatings company in the world by revenue, behind Sherwin-Williams. The company reported net sales of $15.8 billion in 2024 and employs 46,000 people worldwide.

Founded in 1883 as Pittsburgh Plate Glass Company, PPG has evolved from a pioneering glass manufacturer into a diversified materials innovator serving construction, consumer products, industrial and transportation markets. The company's comprehensive portfolio spans aerospace, automotive OEM and refinish coatings, architectural finishes, industrial coatings, packaging solutions, protective and marine coatings, specialty materials, and traffic solutions.

PPG's business strategy focuses on technology-advantaged products and sustainable innovation. In 2024, sustainably-advantaged products comprised 41% of sales, demonstrating the company's commitment to having 50% of sales come from these products by 2030. The company invests approximately 3% of net sales annually toward research and development, driving innovations that enhance customer productivity and accelerate organic growth.

In late 2024, PPG completed a strategic transformation by divesting its $550 million architectural coatings business in the U.S. and Canada (including brands like Glidden, Pittsburgh Paints, and Liquid Nails) to American Industrial Partners. This move allows PPG to sharpen its focus on industrial, automotive, aerospace, and protective coatings markets where it maintains strong competitive positions. The company has also announced a $300 million investment in advanced manufacturing in North America to support increased demand for paints and coatings in the automotive industry, with investments spanning 2024-2028.

PPG's financial performance in 2024 showed resilience with adjusted earnings per share increasing 6%, supported by favorable business mix and sales of technology-advantaged products. The company has paid uninterrupted annual dividends since 1899, demonstrating long-term financial stability and shareholder commitment.