The company is implementing an aggressive cost-cutting and restructuring strategy to optimize its global cost structure. PPG has implemented considerable actions to address adverse business conditions in specific areas and end-use markets. The cost savings generated by restructuring initiatives are likely to have acted as a tailwind for the company in the December quarter. It expects savings of approximately $35 million for full-year 2024. The company also launched a cost-cutting program, which is estimated to result in annualized pre-tax savings of approximately $175 million (including $60 million in 2025) when completely executed. The approach includes structural cost reductions, primarily in Europe and a few other global businesses. PPG Industries effectively addresses raw material cost inflation by implementing effective price increases across its business areas, focusing on margin recovery.