PPG INDUSTRIES INC (PPG) Form 8-K — Oct 27, 2026
PPG reported record third quarter 2026 results, with net sales of $4.4 billion up 7% year over year and organic sales up 5%, outpacing the industry by 300 basis points. Reported EPS was a record $2.12 and adjusted EPS was $2.25, up 6% from the prior year, marking the seventh consecutive quarter of organic sales growth. Performance was led by aerospace and Latin America architectural coatings. Performance Coatings segment sales rose 10% with EBITDA margin up 220 basis points to 24%, while Global Architectural Coatings expanded EBITDA margin 300 basis points to 24%; Industrial Coatings was the weak spot with EBITDA margin down 260 basis points on cost inflation.
Key figures
- Eps
- 2.12
- Revenue
- 4353000000
- Guidance
- Full-year 2026 adjusted EPS raised to a tighter range of $7.90 to $8.10 with a higher midpoint; Q4 organic sales growth of low single digits
- Net Income
- 473000000
- Revenue Yoy
- 7%
- Shares Outstanding
- 222200000
- Net debt
- $5.2 billion (down ~$200M YoY)
- Adjusted eps
- 2.25
- Aerospace backlog
- ~$300 million
- Q3 2025 net sales
- 4082000000
- Effective tax rate
- 24.2%
- Organic sales growth
- 5%
- Q3 2025 adjusted eps
- 2.13
- Share repurchases q3
- $150 million
- Share repurchases ytd
- $320 million
- Adjusted ebitda margin
- 18.2%
- Adjusted net income musd
- 502
- Cash from operations ytd
- $1.2 billion (+$100M YoY)
AI analysis
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