PPG Industries — Apr 29, 2025 release

These topline results reinforce our positive organic growth momentum and contributed to improved manufacturing productivity. In addition, we benefited from the acceleration of our self-help cost actions, and we are now expecting to deliver $75 million in annual savings this year, along with additional discretionary cost management actions. The current macro-economic environment is highly dynamic and our business model has historically proven to be well positioned to navigate through uncertainty given our diverse, global business portfolio, asset-light footprint and highly variable cost structure. In addition, we have a demonstrated track record of consistent cash generation through all stages of the business cycle to complement our strong balance sheet. As we look ahead with this economic backdrop, we are executing our self-help cost actions, working with our suppliers and customers to adjust to global product flows and mitigate cost impacts, and we are further strengthening our structural organic growth capabilities. We are maintaining our full-year earnings per share guidance range of $7.75 to $8.05. Additional Financial Information • Net sales include sales volumes growth of 1%, slightly positive selling prices, unfavorable foreign currency translation of 3% and lower year-over-year sales from business divestitures of 2%. • At quarter end, the company had cash and short-term investments totaling $1.9 billion. Net debt was $5