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Ppg Industries, Inc. (PPG)
NYSE:PPG
Earnings Data
Report Date
Apr 16, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.71Last Year’s EPS
1.72Same Quarter Last Year
Moderate Buy
Based on 15 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a balanced but overall constructive picture: the company delivered solid full-year results with strong cash generation, disciplined capital returns, segment margin improvements, notable share gains (packaging, automotive OEM, aerospace), and tangible early wins from AI/digital initiatives. Near-term headwinds remain—most notably refinish destocking, increased corporate and interest costs, industry softness in Europe and industrial end markets, and aerospace capacity constraints—but management expects normalization and stronger volume/margin leverage in the second half of 2026. On net, positive operational momentum and financial flexibility outweigh the short-term challenges.Company Guidance
Full-Year Revenue and Organic Growth
Net sales for 2025 were $15.9 billion with 2% organic growth driven by higher selling prices and volume gains across segments.
Fourth-Quarter Acceleration
Q4 net sales were $3.9 billion, up 5% year-over-year with ~3% organic growth — described as the company's strongest organic growth of the year.
Profitability and Margins
Adjusted EPS for full-year 2025 was $7.58. Full-year segment EBITDA margin was 19%; Q4 segment EBITDA margin was 18%.
Improving Segment Margins
Architectural coatings segment income rose 6% with EBITDA margins improving nearly 100 basis points; industrial coatings EBITDA rose 6% and margin improved ~30 basis points to 15.1%.
Strong Cash Generation and Capital Allocation
Operating cash flow was $1.9 billion (up about $0.5 billion YoY), yielding a free-cash-flow yield of 5%. Returned $1.4 billion to shareholders in 2025 via $630M dividends and $790M share repurchases (~3% of shares).
Aerospace Momentum
Aerospace coatings had record sales and earnings in Q4; aerospace grew double-digits in 2025 and is guided to high-single-digit CAGR/growth for 2026, identified as a key growth engine.
Industrial and Packaging Share Gains
Industrial coatings grew 3% in Q4 (organic volume growth +5%) with automotive OEM net sales +6% in Q4 and packaging coatings delivering double-digit organic growth driven by technology-led share gains.
Protective & Marine Strength
Protective and marine coatings delivered 11 consecutive quarters of volume growth, contributing to segment resilience.
Balance Sheet and Liquidity
Year-end cash balance of $2.2 billion with net debt of $5.1 billion; $700 million of debt maturing in 2026 planned to be paid from cash; Q4 buyback: ~980,000 shares at ~$102 average (~$100M).
Digital / AI and R&D Progress
Commercialized the first AI-formulated refinish clear coat and have optimized ~50 existing products using AI; prior digitization of formulation data expected to drive future product and cost benefits with early ROI already delivering millions.
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 |
|---|---|---|---|
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% |
Apr 29, 2025 | $101.14 | $106.06 | +4.87% |
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, Inc. (PPG) report earnings?
Ppg Industries, Inc. (PPG) is schdueled to report earning on Apr 16, 2026, Before Open (Confirmed).
What is Ppg Industries, Inc. (PPG) earnings time?
Ppg Industries, Inc. (PPG) earnings time is at Apr 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 (Q1) is 1.71.