PPG Industries (PPG)
NYSE:PPG
Want to see PPG full AI Analyst Report?
Earnings Data
Report Date
Jul 16, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.25Last Year’s EPS
2.22Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call balanced several clear operational wins — solid top-line growth (7% sales increase), consecutive quarters of organic expansion (+1%, five in a row), strong aerospace and architectural performance, healthy margins in key segments, and a strong balance sheet with active capital returns — against notable near-term headwinds from raw material, energy and logistics inflation, China OEM softness affecting Industrial margins, and a pronounced refinish volume trough that pressures near-term results. Management emphasized proactive pricing, structural cost actions (including plant closures), share gains and aerospace capacity investments to offset inflation and support recovery in H2, and reaffirmed full-year guidance. Overall the positive operational execution, pricing actions and portfolio momentum modestly outweigh the challenges and uncertainties called out.Company Guidance
Top-line and EPS Growth
Net sales of $3.9 billion, up 7% year-over-year; adjusted EPS of $1.83, up 6% versus prior year; organic sales growth of +1%, marking the fifth consecutive quarter of year-over-year organic sales gains.
Strong Architectural Coatings Performance
Global Architectural Coatings net sales rose 13% to $965 million with organic growth of +2%; segment income increased more than 30% and EBITDA margin improved ~230 basis points year-over-year; continued momentum expected into Q2 and structural cost reductions planned (4 plants to close H2 2026).
Performance Coatings and Aerospace Strength
Performance Coatings net sales grew 5% to $1.3 billion led by double-digit organic growth in aerospace and high single-digit growth in traffic solutions and protective & marine coatings; segment EBITDA margin ~24%; aerospace backlog ≈ $350 million and aerospace investments (≈ $150M debottlenecking + $380M plant announced) support multi-year growth.
Industrial Coatings Share Gains and Packaging Growth
Industrial Coatings net sales grew 4% to $1.6 billion with flat organic sales and share-driven volume growth of +1%; packaging coatings organic sales rose by a double-digit percentage and sales volumes are up >20% on a 2-year stack, driven by share gains.
Pricing Actions and Inflation Mitigation
Company announced price increases (in some cases up to 20% for specific products) and expects to realize low-single-digit price realization to offset mid-single-digit COGS inflation for the remainder of the year; expects price realization to be faster than in prior inflation cycles.
Balance Sheet and Capital Allocation
Ended the quarter with ~$1.6 billion in cash & short-term investments, repaid $700 million of maturing debt in Q1 and returned approximately $260 million to shareholders via dividends and share repurchases; reaffirmed full-year 2026 EPS guidance of $7.70–$8.10.
Operational Execution and Margin Discipline
Overall segment EBITDA margin exceeded 19%; management highlighted productivity gains from aerospace investments, continued pricing realization, ongoing cost actions (including European plant closures and other structural savings) and confidence in sequential margin improvement in H2.
Forward Outlook for Q2 and H2
Guidance for Q2 organic sales: flat to positive low single digits; Q2 adjusted EPS growth: flat to positive low single digits; company expects strong growth in aerospace, Architectural Coatings Latin America, protective & marine, automotive OEM and packaging coatings in Q2 while anticipating H2 volume recovery in refinish and continued share gains in industrial segments.
PPG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PPG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 28, 2026 | $107.68 | $104.69 | -2.78% |
Jan 27, 2026 | $109.65 | $113.31 | +3.34% |
Oct 28, 2025 | $103.94 | $97.84 | -5.87% |
Jul 29, 2025 | $110.03 | $104.17 | -5.33% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does PPG Industries (PPG) report earnings?
PPG Industries (PPG) is schdueled to report earning on Jul 16, 2026, Before Open (Confirmed).
What is PPG Industries (PPG) earnings time?
PPG Industries (PPG) earnings time is at Jul 16, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PPG EPS forecast?
PPG EPS forecast for the fiscal quarter 2026 (Q2) is 2.25.