How did PPG's Industrial Coatings segment fare in 2024?

PPG's Industrial Coatings segment faced significant challenges in 2024, as evidenced by the financial performance metrics for the period ending December 31, 2024. The segment reported a negative diluted EPS of $1.2, which is a substantial decline from the previous quarter's diluted EPS of $2.24. This indicates a sharp deterioration in profitability. Additionally, the net income for the segment was -$271 million, which further underscores the severity of the financial challenges faced by the segment in 2024. The total revenue for the segment was $3.73 billion, which represents a notable figure, but it is important to consider the context of the negative net income when assessing the segment's performance. |code|Ticker|Name|Date|Total Revenue|Net Income|Diluted EPS|market_code| |---|---|---|---|---|---|---|---| |PPG|PPG.N|PPG Industries|2024 Q1|4.311E9|4.09E8|1.69|169| |PPG|PPG.N|PPG Industries|2024 Q2|4.794E9|5.37E8|2.24|169| |PPG|PPG.N|PPG Industries|2024 Q3|4.575E9|4.74E8|2|169| |PPG|PPG.N|PPG Industries|2024 Q4|3.729E9|-2.71E8|-1.2|169|