Oct 28 (Reuters) - Global paint supplier PPG Industries ( PPG )

beat Wall Street expectations for third-quarter profit

on Tuesday, driven by higher sales and prices in its performance

coatings and global architectural coatings segments.

U.S. manufacturing activity increased in August and

September amid a rebound in the output of motor vehicles and

some nondurable goods, even as tariffs continued to cast a

shadow over the manufacturing sector.

Meanwhile, U.S. existing home sales increased to a

seven-month high in September as higher-income households enjoy

strong wealth gains from a robust stock market.

PPG's total net sales rose to $4.08 billion in the third

quarter from $4.03 billion a year ago, driven by double-digit

organic growth in aerospace coatings, protective and marine

coatings, as well as in packaging coatings.

Earlier on Tuesday, peer Sherwin-Williams ( SHW ) also beat

quarterly estimates for profit on the back of strong demand from

professional painters and higher sales.

However, PPG lowered its 2025 adjusted profit forecast to

between $7.60 and $7.70 per share, compared to its prior outlook

of $7.75 to $8.05 per share.

"Global demand has softened compared to earlier this year

and we expect some customer inventory management in automotive

refinish coatings as we end the year," said CEO Tim Knavish.

On an adjusted basis, the company posted a profit of $2.13

per share, compared with analysts' estimates of $2.09 per share,

according to data compiled by LSEG.