PPG Industries Q2 2026 Results Overview
PPG Industries (NYSE:PPG) announced second‑quarter 2026 results that missed earnings expectations, causing the shares to decline 3.5% after the release. The company reported adjusted earnings per share of $2.23, below the analyst consensus of $2.25, while revenue reached $4.5 billion, surpassing the $4.37 billion forecast and representing a 7% increase from $4.2 billion in the comparable prior‑year quarter.
Organic sales grew 4% year‑on‑year, with volume and price each contributing a 2% uplift across all three business segments. The firm reaffirmed its full‑year 2026 adjusted EPS guidance of $7.70‑$8.10, with the midpoint of $7.90 marginally under the analyst consensus of $7.88.
Tim Knavish, chairman and chief executive officer, stated that PPG delivered its sixth consecutive quarter of organic sales growth and outperformed the industry by 300 basis points. In the Performance Coatings segment, revenue rose 7% to $1.6 billion, but segment EBITDA fell 5% as automotive refinish coatings volumes declined by a double‑digit percentage, reflecting challenging year‑over‑year order patterns and a slower demand recovery. Aerospace coatings posted double‑digit organic sales growth and an order backlog of approximately $300 million.
Industrial Coatings revenue increased 7% to $1.8 billion, driven by 5% volume growth across its three businesses and market‑share gains. Global Architectural Coatings revenue grew 8% to $1.1 billion.
For the third quarter, PPG expects organic sales growth in the low‑ to mid‑single‑digit percentage range.