PPG Industries (PPG) Revenue — Quarter Ended Dec 31, 2024
Revenue declined from the prior quarter but rose substantially compared with the same quarter last year. The quarterly performance was shaped by varied demand conditions across end markets.
Key takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Revenue declined from the prior quarter but rose substantially compared with the same quarter last year. The quarterly performance was shaped by varied demand conditions across end markets.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.7B
Revenue reported for this quarter.
Quarter-over-quarter
-7.5%
Change from the immediately preceding quarter.
Year-over-year
+59.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$15.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Mar 31, 2024 | $3.8B | -21.0% |
| Jun 30, 2024 | $4.2B | -13.1% |
| Sep 30, 2024 | $4B | -13.2% |
| Dec 31, 2024 | $3.7B | +59.0% |
Revenue performance
Lower industry demand in automotive OEM coatings and industrial coatings in Europe weighed on results, while aerospace coatings posted a strong performance. Unfavorable foreign currency translation also reduced net sales.
Quarterly comparison
Sequentially, revenue contracted from the preceding quarter. On a year-over-year basis, revenue increased sharply.
What to watch
Future quarters should be watched for changes in industrial end-market demand and currency movements.