Quarterly ResultApr 28, 2026, 04:18 PM
PPG Q1 Net Sales $3.9B, +7%; Adj. EPS $1.83, +6%; Reaffirms FY26 Guidance
AI Summary
PPG reported first quarter 2026 financial results with net sales of $3.9 billion, a 7% increase year-over-year, driven by higher selling prices and positive foreign currency translation. Adjusted earnings per diluted share rose 6% to $1.83. The company repurchased approximately $100 million in shares and reaffirmed its full-year 2026 EPS guidance range of $7.70 to $8.10, despite anticipating rising raw material costs. PPG expects second-quarter organic sales and adjusted EPS to be flat to low single-digit growth.
Key Highlights
- Net sales increased 7% to $3.93 billion; organic sales grew 1% year-over-year.
- Adjusted EPS rose 6% to $1.83; reported EPS was $1.70.
- Repurchased approximately $100 million in shares during the quarter.
- Reaffirmed full-year 2026 adjusted EPS guidance of $7.70 to $8.10.
- Global Architectural Coatings net sales increased 13% to $965 million; EBITDA up 28%.
- Performance Coatings net sales increased 5% to $1.33 billion; EBITDA up 6%.
- Industrial Coatings net sales increased 4% to $1.63 billion; EBITDA decreased 7%.
- Q2 guidance: organic sales and adjusted EPS expected flat to low single-digit growth.