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

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed July 28, 2026
Period End
July 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 · Aug ’25Aug ’25

01—Abstract

Summary

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

PPG Industries, Inc. (NYSE: PPG) reported second quarter 2026 results in an earnings press release furnished as Exhibit 99 to this Item 2.02 Form 8-K, filed July 28, 2026.

Net sales were $4,495 milliona, up 7% from $4,195 million a year earlier, with organic sales up 4% and growth in 8 of 9 businesses. Sales volumes rose 2% and selling prices rose 2%. Reported net income from continuing operations was $439 million, or $1.96 per diluted share, versus $450 million and $1.98 a year earlier.

Adjusted EPS was $2.23b, compared with $2.22 in the prior-year quarter, after excluding items such as acquisition-related amortization, restructuring costs, legacy environmental remediation charges and a legal settlement. Segment results were mixed. Global Architectural Coatings segment EBITDA rose 14% to $213 million, with EBITDA margin up 100 basis points, helped by Latin America.

Performance Coatings segment EBITDA fell 5% to $368 millionc, with margin down 300 basis points as automotive refinish coatings volumes declined, while aerospace and protective and marine coatings grew. Industrial Coatings sales volumes rose 5%, led by packaging coatings, but segment EBITDA margin declined 70 basis points on cost inflation.

Management reaffirmed full-year 2026 adjusted EPS guidance of $7.70 to $8.10d and guided to third-quarter organic sales growth of a low single-digit to mid-single-digit percentage. At quarter end, net debt was $5.3 billion, down $415 million from a year earlier, and year-to-date share repurchases totaled $175 million.

02—Key points

Key Highlights

  1. Net sales of $4,495 million rose 7% year over year, including 2% from sales volumes, 2% from selling prices, 2% from foreign currency translation and 1% from acquisitions; organic sales rose 4%.
  2. Reported diluted EPS from continuing operations was $1.96 versus $1.98 a year earlier; adjusted EPS was $2.23 versus $2.22.
  3. Full-year 2026 adjusted EPS guidance of $7.70 to $8.10 was reaffirmed.
  4. Performance Coatings segment EBITDA fell 5% to $368 million, with EBITDA margin down 300 basis points to 22.7%, driven by lower automotive refinish coatings volumes.
  5. Global Architectural Coatings segment EBITDA rose 14% to $213 million, with EBITDA margin up 100 basis points to 19.4%.
  6. Net debt was $5.3 billion, a decrease of $415 million from the second quarter 2025; year-to-date share repurchases were $175 million.
  7. Management said it covered about 90% of cost of goods sold inflation in the second quarter and expects to cover 100% by the fourth quarter.

03—Questions

Frequently Asked Questions

  1. How did PPG perform in the second quarter of 2026?

    Net sales rose 7% to $4,495 million, and organic sales rose 4%. Reported net income from continuing operations was $439 million, or $1.96 per diluted share, compared with $1.98 a year earlier. Adjusted EPS was $2.23, compared with $2.22.

  2. What is the company's full-year 2026 earnings outlook?

    PPG reaffirmed its full-year 2026 adjusted EPS guidance range of $7.70 to $8.10. For the third quarter, it expects organic sales growth in the low single-digit to mid-single-digit percentage range and adjusted EBITDA margin flat to down 100 basis points year over year.

  3. Which segments drove results, and which lagged?

    Global Architectural Coatings grew segment EBITDA 14% to $213 million, helped by Latin America. Industrial Coatings sales volumes rose 5%, led by packaging coatings, but its segment EBITDA rose 2% and margin fell 70 basis points. Performance Coatings segment EBITDA fell 5% to $368 million because automotive refinish coatings volumes declined, though aerospace and protective and marine coatings grew.

  4. How is PPG handling cost inflation?

    Management said it has raised prices across its businesses, lifting selling prices 2% in the quarter. It covered about 90% of cost of goods sold inflation in the second quarter and expects to cover 100% by the fourth quarter, one quarter ahead of its original commitment.

  5. How is PPG's balance sheet and capital allocation position?

    At quarter end, cash and short-term investments totaled $1.6 billion and net debt was $5.3 billion, down $415 million from a year earlier. Year-to-date share repurchases were $175 million, and dividends paid were $317 million for the six months. In the second quarter, PPG issued CHF320 million of long-term bonds due 2030 and 2034.

04—Continue

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