U.S. manufacturing activity increased in August and September amid a rebound in the output of motor vehicles and some nondurable goods, even as tariffs continued to cast a shadow over the manufacturing sector.
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PPG’s total net sales rose to $4.08 billion in the third quarter from $4.03 billion a year ago, driven by double-digit organic growth in aerospace coatings, protective and marine coatings, as well as in packaging coatings.
However, PPG lowered its 2025 adjusted profit forecast to between $7.60 and $7.70 per share, compared to its prior outlook of $7.75 to $8.05 per share.
“Global demand has softened compared to earlier this year and we expect some customer inventory management in automotive refinish coatings as we end the year,” said CEO Tim Knavish.
On an adjusted basis, the company posted a profit of $2.13 per share, compared with analysts’ estimates of $2.09 per share, according to data compiled by LSEG.
Reporting by Dharna Bafna in Bengaluru; Editing by Alan Barona
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