What are the key drivers behind PPG's operating profit growth in Q3 2024?

PPG's Operating Profit Growth in Q3 2024 can be attributed to several key drivers:

1. **Revenue Growth**: Total revenue for PPG in Q3 2024 was $4.58 billion. This is a notable figure as it represents the total sales generated by the company during the quarter. Revenue growth, especially when coupled with increased gross profit, can contribute significantly to operating profit growth.
2. **Gross Profit Increase**: PPG reported a gross profit of $1.91 billion for the quarter. Gross profit is the difference between revenue and the cost of goods sold. An increase in gross profit indicates that PPG was able to generate more profit from its core operations, which is a direct contributor to operating income.
3. **Net Income Growth**: PPG's net income for the quarter was $474 million. Net income is the bottom-line profit after all expenses, including operating, interest, and taxes, have been deducted. An increase in net income reflects PPG's efficiency in managing its operations and controlling costs, which can lead to higher operating profits.
4. **Performance Coatings Segment Strength**: PPG's performance coatings segment saw a rise in net sales to $2.92 billion in Q3 2024, up from $2.88 billion in the same quarter of the previous year. This segment's performance, particularly in aerospace coatings, has been a positive contributor to the company's overall financial results.

In summary, PPG's operating profit growth in Q3 2024 is driven by a combination of revenue growth, increased gross profit, higher net income, and strong performance from its performance coatings segment. These factors collectively contribute to the company's profitability and financial health.