PPG Industries — Jan 30, 2025 release

These divestitures strengthen our financial profile, including an improvement in our adjusted EBITDA margin to 18.1%, and results in a more focused organization which positions the company to deliver sustainable organic growth. In both the fourth quarter and full-year 2024, organic sales declined a low single-digit percentage year over year with growth in Mexico, China and India as well as growth in the aerospace, protective and marine, and traffic solutions businesses offset by declines in the automotive original equipment manufacturer (OEM), industrial and architectural EMEA coatings businesses. Despite lower organic sales, adjusted EPS and aggregate segment EBITDA margin improved in both comparison periods driven by sales of our technology-advantaged products, moderated input costs and structural cost actions. Fourth quarter adjusted EPS was $1.61, including an unfavorable foreign currency translation impact of $0.05 as many currencies weakened versus the U.S. dollar during the quarter. Our full-year 2024 adjusted EPS was $7.87 which grew 6% year over year and excludes $0.27 of EPS that have been reclassified to discontinued operations, which reflects the results of the divested U.S and Canada architectural business absent certain allocated costs, consistent with U.S. GAAP requirements. Given the revised portfolio, we have expanded our segment reporting structure and will now report all our architectural coatings businesses as a separate segment, Global Architectural Coatings. The reporting of the r