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PPG Industries 8-K Report, Financial Results (Apr 28, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed April 28, 2026
Period End
April 28, 2026
Security
PPG
In the record · 2016–202610-K1210-Q338-K141

PPG filed 12 annual reports (10-K), 33 quarterly reports (10-Q) and 141 current reports (8-K) between 2016 and 2026.

  1. Restructuring8-K · Dec ’16Dec ’16
  2. Restructuring8-K · Jun ’19Jun ’19
  3. Leadership change8-K · Jul ’21Jul ’21
  4. Leadership change8-K · Apr ’25Apr ’25

01—Abstract

Summary

Summary of the 8-K filed April 28, 2026. Cited figures are marked; the original filing is the authoritative source.

PPG Industries, Inc. furnished its earnings press release for the first quarter of 2026 under Item 2.02 of this Form 8-K.

Net sales were $3.93 billiona, up 7% year over year, with organic sales up 1% driven by higher selling prices. Reported diluted EPS from continuing operations was $1.70 and adjusted EPS was $1.83, an increase of 6% year over year. Net income attributable to PPG was $382 million, compared with $373 million in the prior-year quarter.

By segment, Global Architectural Coatings net sales rose 13% to $965 millionb, with segment EBITDA up 28% and segment EBITDA margin improving 230 basis points, driven by Latin America. Performance Coatings net sales rose 5% to $1.33 billion, with organic sales up 1%, aerospace growing at a double-digit percentage rate, and automotive refinish declining at a double-digit percentage rate. Industrial Coatings net sales rose 4% to $1.63 billion, but organic sales were flat and segment EBITDA fell 7% on regional mix and lower index-based selling prices.

PPG reaffirmed full-year 2026 adjusted EPS guidance of $7.70 to $8.10c and expects second-quarter organic sales and adjusted EPS to be flat to up a low single-digit percentage. Management noted recent raw material, energy, logistics and packaging cost increases and announced price adjustments globally. Cash and short-term investments totaled $1.6 billion, net debt was $5.5 billion, and about $100 million of shares were repurchased in the quarter.

02—Key points

Key Highlights

  1. Net sales of $3.93 billion, up 7% year over year, including 6% from foreign currency translation and 1% from higher selling prices; organic sales rose 1%.
  2. Adjusted EPS of $1.83 versus $1.72 a year earlier, an increase of 6%; reported diluted EPS was $1.70 versus $1.64.
  3. Global Architectural Coatings segment EBITDA rose 28% to $184 million, with segment EBITDA margin up 230 basis points to 19.1%, led by Latin America.
  4. Industrial Coatings segment EBITDA fell 7% to $245 million as segment EBITDA margin declined 180 basis points, driven by regional mix and lower index-based selling prices.
  5. Full-year 2026 EPS guidance of $7.70 to $8.10 was reaffirmed; second-quarter organic sales and adjusted EPS are expected to be flat to up a low single-digit percentage.
  6. Net debt of $5.5 billion, up $150 million from the first quarter of 2025; PPG repaid $700 million of debt maturing in the quarter.
  7. Share repurchases totaled about $100 million in the quarter, and PPG announced price adjustments globally in response to rising raw material, energy, logistics and packaging costs.

03—Questions

Frequently Asked Questions

  1. Did PPG change its full-year 2026 earnings guidance?

    No. PPG maintained its full-year 2026 EPS guidance range of $7.70 to $8.10, citing momentum from share gains, pricing realization and self-help actions, which it expects to offset raw material inflation.

  2. What drove the growth in first-quarter results?

    Net sales growth of 7% was mostly from foreign currency translation (6%), with higher selling prices adding 1%. Organic sales grew 1%, supported by aerospace, protective and marine coatings, and traffic solutions, partly offset by lower automotive refinish volumes.

  3. Which segment performed weakest in the quarter?

    Industrial Coatings. Its net sales rose 4%, but organic sales were flat, segment EBITDA fell 7% to $245 million, and segment EBITDA margin declined 180 basis points to 15.0%, due to regional mix and lower index-based selling prices, including weak China automotive production compared with a high prior-year base.

  4. What is PPG's near-term outlook?

    For the second quarter, PPG expects organic sales and adjusted EPS in the range of flat to growth of a low single-digit percentage. Management expects strong growth in aerospace, Latin America architectural coatings, protective and marine coatings, and packaging coatings, and expects automotive refinish organic sales to improve in the second half.

  5. What is PPG's balance sheet position?

    At quarter end, PPG had cash and short-term investments of $1.6 billion and net debt of $5.5 billion. Long-term debt was $6.41 billion, and the company repaid $700 million of debt that matured in the quarter. Operating cash flow was $33 million.

04—Continue

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