PPG Industries — Jul 29, 2025 release

As we look ahead, our positive volume growth momentum is expected to accelerate in the second half of the year, and we expect to deliver strong year-over-year earnings growth. This is due to growing benefits from share gains in our Industrial Coatings segment driving low single-digit percentage sales volume growth for the segment in the third and fourth quarters, including expected above-market growth in automotive original equipment manufacturer (OEM) coatings, packaging coatings and industrial coatings. In the Performance Coatings segment, we expect solid organic growth across most businesses, partially offset by a decrease in refinish sales due to lower industry activity and softer PPG demand stemming from customer order patterns. In addition, we expect benefits in our architectural coatings business in Mexico as project-related demand is anticipated to improve during the second half of 2025. The accelerated momentum in volume growth and execution of our self-help actions is expected to drive year-over-year EPS growth of a high single-digit percentage in the second half of the year. PPG's diverse, global business portfolio, execution of self-help actions and demonstrated track record of consistent cash generation, coupled with our strong balance sheet, gives me confidence in delivering on our full-year commitments. We are reaffirming our full-year earnings per share guidance range of $7.75 to $8.05. Thank you to our PPG team around the world who make it happen and del