PPG Industries falls after Q2 profit miss

PPG Industries

30/07/2025 15:44

** Shares of global paint supplier PPG Industries PPG.N down 3.6% to $108.21

** Company late on Tuesday missed Q2 profit estimates, hurt by the impact of recent business divestitures and softer demand in key markets

** "PPG is showing some progress on improving growth, but results below expectations that moved up during the quarter is likely a negative near term and can expect a negative reaction" - UBS analyst Joshua Spector

** PPG's Q2 net sales came at $4.19 billion vs $4.24 billion, a year earlier

** PPG reported Q2 adjusted profit of $2.22/share vs estimate of $2.23/share - data compiled by LSEG

** Including session's moves, PPG shares down 9.6% YTD

 (Reporting by Sumit Saha in Bengaluru)

 ((Sumit.Saha@thomsonreuters.com;))