PPG Industries, Inc.

PPG Industries, Inc. Earnings Recaps

PPG Materials 3 recaps
Q1 2026 Apr 30, 2026

PPG shares finished up 0.8% post-earnings as first quarter results were largely in line with market expectations. Modest organic sales growth and stable margins were balanced by continuing regional and segment mix dynamics.

Key takeaways
  • Organic sales grew 1% year-over-year, marking the fifth consecutive quarter of organic growth, with first quarter net sales reaching $3.9 billion, up 7%.
  • Adjusted EPS increased 6% to $1.83, and consolidated segment EBITDA margin was above 19%.
  • Global Architectural Coatings net sales rose 13%, aided by strong performance in Latin America and Mexico, while European architectural coatings experienced low single-digit declines.
  • Performance Coatings delivered 5% sales growth, led by double-digit organic gains in aerospace; however, automotive refinish organic sales declined double digits due to distributor order patterns.
  • Ongoing structural cost reductions in Europe, including four planned plant closures, are expected to support future margin improvements.
Full recap
Q3 2025 Oct 30, 2025

PPG Industries delivered a record high Q3 EPS of $2.13, reflecting 2% organic sales growth driven by strong performances in Industrial and Performance Coatings despite a challenging macro environment.

Key takeaways
  • Achieved 5% year-over-year increase in adjusted EPS, establishing a third-quarter record.
  • Performance Coatings segment saw record net sales, bolstered by double-digit organic growth in aerospace.
  • Continues to expand its industry-leading productivity offerings with innovative products like the AI-designed DELTRON Premium Glamour Speed Clearcoat.
  • Notable sales growth in Latin America and Asia Pacific; stable performance in Europe amid declining project-related spending.
  • Consistent pricing power maintained across segments, with Architectural Coatings demonstrating price growth for nine consecutive years.
Full recap
Q2 2025 Aug 1, 2025

PPG Industries reported solid second-quarter results with net sales reaching $4.2 billion and organic sales growth of 2%, driven by robust performance in Aerospace and Protective & Marine Coatings, despite mixed demand across regions.

Key takeaways
  • Segment EBITDA margin stood at 20.3%, supported by effective cost control measures.
  • Repurchased approximately $150 million in stock this quarter, totaling $540 million year-to-date, while raising the quarterly dividend per share by 4%.
  • Protective & Marine Coatings achieved double-digit organic growth for the ninth consecutive quarter, underscoring strong market demand.
  • Aerospace Coatings segment delivered high single-digit organic sales growth, with a stable customer order backlog of approximately $300 million.
  • Potential for continued volume growth in Industrial Coatings anticipated from converting existing customer share gains in future quarters.
Full recap