Quarterly ResultJul 29, 2026, 03:11 PM
PPG Q2 Net Sales Up 7.15% to $4.49B; EPS $1.95
AI Summary
PPG Industries reported Q2 2026 net sales of $4.49 billion, a 7.15% increase year-over-year, while net income attributable to PPG decreased by 2.88% to $437 million, resulting in diluted EPS of $1.95. The company also saw a significant increase in cash from operating activities for the six months ended June 30, 2026, reaching $592 million. Strategic financial activities included the issuance of $403 million in Swiss franc notes and the repayment of $700 million in notes.
Key Highlights
- Q2 2026 net sales increased 7.15% to $4.49 billion from $4.19 billion year-over-year.
- Q2 2026 net income attributable to PPG decreased 2.88% to $437 million.
- Diluted earnings per common share for Q2 2026 was $1.95, down from $1.98.
- Cash from operating activities for six months ended June 30, 2026, rose 60.43% to $592 million.
- Issued CHF 320 million ($403 million) in Swiss franc notes in June 2026.
- Repaid $700 million in 1.2% notes in March 2026 using cash on hand.
- Amended Term Loan to extend maturity to January 2029.
- Approved $19 million in restructuring actions for the six months ended June 30, 2026.
Price Impact
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