PPG Industries — Jan 30, 2025 release

As we announced in October, we are taking decisive actions to reduce costs, including global structural costs and European manufacturing consolidations. Our balance sheet remains strong, which continues to provide us with financial flexibility, and we remain committed to driving shareholder value creation. Thus, we are deploying about $400 million toward share repurchases during the first quarter of 2025. The successful divestitures and solid performance this year would not be possible without the dedication of our employees. We are now a much more focused organization dedicated to driving sustainable organic growth. Thank you to our PPG team around the world who make it happen and deliver on our purpose every day: We protect and beautify the world®. Fourth Quarter 2024 Reportable Segment Financial Results Global Architectural Coatings segment $ in millions 4Q 2024 4Q 2023 YOY change Net sales (a) $881 $943 (7)% Sales volumes (2)% Selling prices —% Foreign currency translation (5)% Segment income $118 $131 (10)% Segment income % 13.4% 13.9% Segment EBITDA (b) $144 $156 (8)% Segment EBITDA % 16.3% 16.5% (a) From continuing operations (b) Reconciliations of reported to adjusted figures are included below The Global Architectural Coatings segment, which was previously reported as part of the Performance Coatings segment, is comprised of architectural coatings Europe, Middle East and Africa (EMEA) and architectural coatings Latin America and Asia Pacific. Net sales were lower compared to the fourth quarter 2023, primarily drive