PPG Industries (PPG) risk factors: FY2025 10-K

Item 1A of the 10-K for the period ending 2025-12-31, filed 2026-02-19. 17 risk factor headings as filed. Read Item 1A in full · The whole 10-K · What changed since FY2024

1new since FY2024
0reworded
0removed
16unchanged

Headings mentioning a theme: Tariffs 0 · AI 1 · Cybersecurity 0 · China 0 · Interest rates 0. Compare across the S&P 500.

Economic Risks

5
  1. Increases in prices and declines in the availability of raw materials could negatively impact our financial results.
  2. The pace of economic growth and level of economic and geopolitical uncertainty could have a negative impact on our results of operations and cash flows.
  3. Fluctuations in foreign currency exchange rates could affect our financial results.
  4. The industries in which we operate are highly competitive.
  5. Public health crises, including pandemics and the measures taken by public health and government authorities to address them, have adversely impacted our financial condition and results of operations in the past, and could adversely impact us in the future.

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Legal, Regulatory, and Tax Risks

4
  1. We are subject to existing and evolving standards relating to the protection of the environment.
  2. We are involved in a number of lawsuits and claims, and we may be involved in future lawsuits and claims, in which substantial monetary damages are sought.
  3. We are subject to a variety of laws and regulations, which could increase our compliance costs and could adversely affect our results of operations.
  4. Changes in the tax regimes and related government policies and regulations in the countries in which we operate could adversely affect our results and our effective tax rate.

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Operational and Strategic Risks

8
  1. Our international operations expose us to additional risks and uncertainties that could affect our financial results.
  2. Business disruptions could have a negative impact on our results of operations and financial condition.
  3. The security of our information technology systems could be compromised which could adversely affect our operations or reputation.
  4. We are incorporating artificial intelligence technologies into our research, products, services and processes. These technologies may present business, operational, compliance and reputational risks.newAI
  5. We may not effectively integrate acquired businesses into our existing operations.
  6. Our ability to understand our customers’ specific preferences and requirements, and to innovate, develop, produce and market products that meet customer demand is critical to our business results.
  7. Our business success depends on attracting, developing and retaining a qualified workforce.
  8. PPG’s aerospace coatings business depends, in part, on our ability to successfully meet customer demand, production targets and commitments.

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Headings are the lines of Item 1A set wholly in bold or italics, as the parser reads them, without the introductory paragraph that opens the section. A heading is new when no heading in the prior 10-K matches it after ignoring case and punctuation, and reworded when it shares at least 60 percent of its words with one that went away. Source: the filing on sec.gov.