PPG reports record third quarter 2026 EPS and raises midpoint of full-year EPS guidance
PPG reported record third quarter 2026 EPS with net sales of $4.4 billion, up 7% year-over-year, and organic sales growth of 5% led by aerospace and Latin America architectural coatings. Adjusted EPS of $2.25 rose 6% versus the prior year, and the company outpaced industry growth by roughly 300 basis points, marking its seventh consecutive quarter of organic growth. Management raised the midpoint of full-year 2026 adjusted EPS guidance and tightened the range to $7.90-$8.10, citing pricing benefits and productivity execution, while Q4 is expected to deliver low single-digit organic growth.
Key figures
- Eps
- 2.12
- Revenue
- 4353000000
- Guidance
- FY2026 adjusted EPS $7.90-$8.10 (higher midpoint, tighter range)
- Revenue Yoy
- 7%
- Net debt
- 5200000000
- Net income
- 473000000
- Adjusted eps
- 2.25
- Adjusted eps yoy
- 6%
- Aerospace backlog
- 300000000
- Organic sales growth
- 5%
- Share repurchases q3
- 150000000
- Share repurchases ytd
- 320000000
- Adjusted ebitda margin
- 18.2%
- Cash from operations ytd
- 1158000000
- Cash and short term investments
- 1600000000
AI analysis
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