PPG (PPG) Q4 2024 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Mon, January 26, 2026 astatine 11:34 AM CST 51 min read

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Friday, January 31, 2025 astatine 8 a.m. ET

• Chairman and Chief Executive Officer — Tim Knavish

• Senior Vice President and Chief Financial Officer — Vince Morales

• Director, Investor Relations — Alex Lopez

Alex Lopez: Thank you, Breca, and bully morning, everyone. This is Alex Lopez, Director, Investor Relations. We admit your continued involvement successful PPG and invited you to our 4th fourth and afloat twelvemonth 2024 net league call. Joining maine contiguous from PPG are Tim Knavish, Chairman and Chief Executive Officer; and Vince Morales, Senior Vice President and Chief Financial Officer. Our comments subordinate to the fiscal accusation released aft U.S. equity markets closed connected Thursday, January 30, 2025. We person posted elaborate commentary and the accompanying presumption slides, which are being shown connected this webcast connected the Investor Center of our website, ppg.com. Following management’s position connected the company's results, we volition determination to a Q&A session.

Both the prepared commentary and treatment during this telephone whitethorn incorporate forward-looking statements, reflecting the company's existent presumption of aboriginal events and their imaginable effect connected PPG's operating and fiscal performance. These statements impact uncertainties and risks, which whitethorn origin existent results to differ. The institution is nether nary work to supply consequent updates to these forward-looking statements. The presumption besides contains definite non-GAAP fiscal measures. The institution has provided successful the appendix of the presumption materials, which are disposable connected our website, reconciliations of these non-GAAP fiscal measures to the astir straight comparable GAAP fiscal measures. For further information, delight notation to PPG's filings with the SEC. Now, fto maine present PPG Chairman and CEO, Tim Knavish.

Tim Knavish: Thanks, Alex, and bully morning, everyone. Welcome to our 4th fourth and full-year 2024 net call. Before I start, I'd similar to connection prayers and condolences to those who mislaid their lives successful yesterday's unspeakable aerial collision successful Washington, D.C. Our prayers are with their family, friends, loved ones, unspeakable tragedy, and I anticipation and commune that nary of you had immoderate loved ones affected. Now I'll statesman by providing a fewer highlights of our full-year 2024 and 4th fourth fiscal performance, and past I'll determination to our outlook.

And connected behalf of PPG, I'd besides similar to apologize for the measurement of changes, recasting of financials, the caller segmentation, and the usher structure, but this is simply a affirmative and captious inflection constituent for our company. We wanted to operation the reporting connected a go-forward ground to bespeak this. As a effect of the Architectural Coatings U.S. and Canada divestiture, each fiscal accusation provided successful the net worldly has been recast to bespeak this concern arsenic a discontinued cognition accordant with U.S. GAAP requirements.