PPG reported record third-quarter earnings, with net sales up 7% to $4.4 billion, organic sales up 5%, and adjusted earnings per share up 6% to $2.25. Full-year adjusted earnings per share guidance was raised to $7.90 to $8.10 per share.
PPG · Ppg Industries Inc
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PPG reported net sales of approximately $4.4 billion for the three months ended September 30, 2026, up 7%, and income before income taxes of $631 million, up $75 million. Cash and short-term investments totaled $1.6 billion.
PPG reported record third quarter 2026 EPS of $2.12 and adjusted EPS of $2.25, with adjusted EPS up 6% versus prior year, and raised full-year 2026 adjusted EPS guidance to $7.90 to $8.10.
Metrics snapshot
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Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q2 FY26 earnings call · Jul 29, 2026TL;DR. PPG posted a sixth consecutive quarter of 4% organic sales growth and reaffirmed full-year 2026 adjusted EPS guidance of $7.70–$8.10, despite automotive refinish drag and ongoing input cost inflation.
- + Sixth consecutive quarter of organic sales growth at 4%, outpacing industry by 300 basis points with growth in 8 of 9 businesses.
- + Aerospace achieved double-digit organic growth with a ~$300 million backlog and a half-billion-dollar capacity investment.
- + Company covered ~90% of cost-of-goods-sold inflation with pricing in Q2 and expects 100% by Q4, one quarter ahead of plan.
- + Year-to-date cash from operating activities of ~$600 million was $220 million higher year-over-year; net debt declined $415 million.
- − Performance Coatings EBITDA margin fell 300 basis points to 22.7% on lower automotive refinish volumes.
- − Automotive refinish organic sales declined by a double-digit percentage due to tough prior-year comps and slower insurance-claim recovery.
- − Industrial Coatings EBITDA margin contracted 70 basis points to 15.9% from cost-of-goods-sold inflation, with further H2 margin compression expected from timing of index-based pricing.
- − Total company adjusted EBITDA margin of 17.4% was down 110 basis points year-over-year, partly from portfolio mix dynamics.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
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Guidance & track record
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Key metrics
Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.
Versus peers
Specialty Chemicals — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
PPG
this stock
Ppg Industries Inc
|
$26.99B | +20.3% | +11.8% | 17.5 | 3.0% |
|
LIN
Linde PLC
|
$240.90B | +22.2% | +3.0% | 34.8 | 1.3% |
|
AIQUF
L Air Liquide SA
|
$133.66B | +12.5% | — | — | 0.0% |
|
ECL
Ecolab Inc.
|
$85.78B | +16.5% | +2.2% | 41.6 | 1.7% |
|
SHW
Sherwin Williams Co
|
$84.49B | +7.7% | +2.1% | 32.2 | 2.7% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Oct 28, 2026
- This year
- 23
PPG reported net sales of approximately $4.4 billion for the three months ended September 30, 2026, up 7%, and income before income taxes of $631 million, up $75 million. Cash and short-term investments totaled $1.6 billion.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| PPG | +2.7% | +16.9% | +20.1% | +3.1% | +20.3% |
| SPY | -4.7% | -5.3% | -0.8% | -3.0% | +7.5% |
| vs SPY | +7.5% | +22.2% | +20.9% | +6.2% | +12.8% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.