PPG Industries Inc. (PPG) stock plummeted 5.75% in pre-market trading on Friday, following the company's fourth-quarter 2024 earnings report that missed analyst estimates and issued disappointing guidance for 2025.

The coatings giant reported adjusted earnings per share (EPS) of $1.61 for the fourth quarter, up 3% from a year ago but below the consensus estimate of $1.65. Revenue declined 5% year-over-year to $3.73 billion, missing expectations of $4.05 billion.

PPG cited lower sales volumes across segments like automotive OEM, industrial, and architectural EMEA coatings as a key factor behind the revenue miss. Foreign currency headwinds and reduced selling prices due to index-based contracts also weighed on results. However, strong demand in aerospace, protective and marine coatings, and traffic solutions helped offset some of the declines.

Looking ahead to 2025, PPG expects adjusted EPS in the range of $7.75 to $8.05, below the analyst consensus of $8.66. The company anticipates a slow start to the year due to continued weakness in global industrial production and mixed geographical demand trends.

The earnings miss and underwhelming 2025 guidance likely prompted investors to trim holdings in PPG on Friday, as concerns over slowing demand and margin pressures across certain segments overshadowed the company's positive growth in areas like aerospace.