PPG Industries — Oct 28, 2025 release

These gains were partly offset by expected lower sales volumes in automotive refinish coatings in the third quarter, as volumes were heavily weighted to the first half of the year due to distributor order patterns. As we execute our operational excellence strategy, we have made significant progress through our self-help actions and remain on pace to deliver about $75 million of restructuring savings for the year, which is incremental to other discretionary cost management savings. We remain committed to rewarding our shareholders as we have deployed $1.2 billion toward share repurchases and dividends year to date, including approximately $150 million in share repurchases and $160 million in dividends during the third quarter. Looking ahead, we expect to deliver organic growth in the fourth quarter despite the current macro environment. We are benefiting from share gains, including in the Industrial Coatings segment, with above-market growth in automotive OEM coatings, packaging coatings and industrial coatings. In Performance Coatings, we anticipate solid organic growth in aerospace and protective and marine coatings, offset by a decrease in automotive refinish coatings sales due to lower industry demand and lighter sales volumes stemming from customer order patterns. In addition, we expect Mexico project-related demand to gradually improve, benefiting our architectural coatings business. Overall, I have confidence in delivering above-market growth given PPG's technology-advantaged business portfolio and our strong commercial discipline. However, glob