Filing Flows › PPG Industries (PPG) › Q2 2025
PPG Industries (PPG) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 30, 2025
PPG Industries (PPG) reported revenue of $4.2B for the second quarter 2025 (Q2 2025), -0.9% from a year earlier and +14% from the quarter before. Operating margin was 17.7%, net earnings $450M (10.7% of revenue).
PPG Industries, Q2 2025: revenue $4.2B (-0.9% year over year), operating margin 17.7%, net earnings $450M, operating cash flow $387M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.2B | +14% | -0.9% |
| Operating profit | $743M | +22% | -7% |
| Net earnings | $450M | +21% | -15% |
| Operating cash flow | $387M | — | +6% |
| Free cash flow | $266M | — | +6% |
What changed
Revenue was $4.2B in Q2 2025, down 1% year over year and up 14% from the previous quarter. Industrial Coatings was the largest line at 40% of revenue. Industrial Coatings lost $0.08B year over year (down 5%), 205% of the total change.
Operating profit was $0.74B, a 17.7% margin (down 1.1 points year over year). Total costs grew 0% against a revenue fall of 1%. The fastest-growing cost line was Other operating costs (+83%). Net earnings were $0.45B, down 15% year over year. The effective tax rate was 23.4%.
Operating cash flow was $0.39B (up 6% year over year), 84% of net earnings. Non-cash charges added back $0.14B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.22B. Capital expenditures of $0.12B left free cash flow of $0.27B.
Questions
What was PPG Industries' revenue in the second quarter 2025?
PPG Industries (PPG) reported revenue of $4.2B for the second quarter 2025 (Q2 2025), -0.9% from a year earlier and +14% from the quarter before.
Was PPG Industries profitable in the second quarter 2025?
Operating profit was $743M (17.7% of revenue) and net earnings $450M.
Source: PPG Industries 10-Q on SEC EDGAR.