PPG Industries — Jan 27, 2026 release

Despite the macroeconomic environment, we expect growth will be driven by aerospace coatings and architectural coatings in Mexico as well as share gains in our Industrial Coatings segment, resulting in organic sales growth in the flat to a positive low single-digit percentage range and earnings per share growth of a mid-single-digit percentage for the year. This reflects the strength of our focused organization and our sharpened portfolio of technology-advantaged products and services. The meaningful progress we made this year would not be possible without the dedication of our employees. 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®. Additional Financial Information • Net debt was $5.1 billion, approximately $630 million higher year over year. • The company has a $700 million debt maturity due in the first-quarter 2026. • Corporate expenses were $114 million in the fourth quarter, higher than the prior year primarily due to higher medical claim expenses and the true-up of incentive-based compensation due to higher organic growth and strong cash generation in the fourth quarter. • Net interest expense was $34 million in the fourth quarter. • In the fourth quarter, the reported effective tax rate was approximately 20% and the adjusted effective tax rate was approximately 24%. Fourth Quarter 2025 Reportable Segment Financial Results Global Architectural Coatings segment $ in millions 4Q 2025 4Q 2024 YOY change Net sales $951 $881 +8%