PPG Industries
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PPG Industries (PPG) investor relations material

PPG Industries Q3 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 earnings summary28 Oct, 2026

Executive summary

  • Q3 net sales were $4.353B, up 6.6% YoY; organic sales grew 5% for a seventh consecutive quarter, 300 bps above industry growth.

  • Adjusted EPS reached a record $2.25, up 6% YoY; adjusted EBITDA was $793M with an 18.2% margin.

  • Commercial actions fully offset COGS inflation during Q3, primarily through pricing.

Financial highlights

  • Q3 sales growth reflected price +3%, volume +2%, FX +1% and acquisitions +1%.

  • Continuing-operations net income was $473M versus $444M; adjusted net income was $502M versus $481M.

  • Nine-month operating cash flow was $1.158B versus $1.054B, an increase of $104M.

Outlook and guidance

  • FY 2026 adjusted EPS guidance rose to $7.90–$8.10, with a higher midpoint and narrower range.

  • Q4 organic sales are expected to grow at a low-single-digit rate; adjusted EBITDA margin is forecast flat to 100 bps higher YoY, with COGS inflation in the high single digits.

  • Q4 segment organic sales outlook: Global Architectural flat to low-single-digit growth; Performance low- to mid-single-digit growth; Industrial from a low-single-digit decline to low-single-digit growth.

  • FY 2026 capital spending is forecast at $650M–$700M; restructuring savings are expected to total ~$50M.

  • 2027 outlook remains unquantified, with organic growth and EBITDA margin expansion expected, supported by pricing, productivity and restructuring actions.

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Frequently asked questions

Paints and Coatings

Pittsburgh Plate Glass Industries, more often than not referred to as PPG, is an American company supplying paints, coatings, and specialty materials. Founded in 1883 by Captain John B. Ford and John Pitcairn, in Pittsburgh, Pennsylvania, PPG has become a trusted name in the coatings industry. The company's products are used in various industries ranging from automotive to aerospace and it has operations in roughly 70 countries.

Beginnings in Plate Glass

In its early days, PPG primarily focused on plate glass production, positioning itself as a key supplier for the burgeoning American construction industry. However, with foresight and adaptation, the company diversified and ventured into the paint and coatings sector. This proved to be a game-changing move, propelling PPG to the forefront of the industry. Today, PPG competes with companies such as Akzo Nobel, Sherwin Williams, and Axalta, to name a few.

An Expansive Product Portfolio

The range of products offered by PPG is vast. From protective coatings that shield airplanes from environmental wear to paints that enhance and beautify homes, PPG has a solution for nearly every surface. The company's lineup includes solutions for automotive and commercial coatings, industrial finishes, and a plethora of architectural paints. Furthermore, PPG has not confined itself to just traditional coatings. The company has delved into digital color-matching tools and sustainable paint solutions, demonstrating an acute awareness of both technological advancements and environmental considerations.

Serving Diverse Industries Globally

With its vast range of products, PPG caters to a multitude of industries. Automotive manufacturers trust PPG coatings to give vehicles their lasting shine and protective finish. In the aerospace sector, aircraft are coated with PPG products that offer protection against extreme conditions. Residential and commercial builders rely on PPG paints to transform spaces and bring visions to life. The company's reach extends beyond these sectors to marine, industrial, and consumer electronics applications, among others.