Dimensional Fund Advisors LP lifted its holdings in shares of PPG Industries, Inc. (NYSE:PPG – Free Report) by 2.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,925,343 shares of the specialty chemicals company’s stock after acquiring an additional 58,411 shares during the quarter. Dimensional Fund Advisors LP owned 1.31% of PPG Industries worth $312,613,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Dorato Capital Management bought a new position in PPG Industries during the fourth quarter valued at about $26,000. Resources Management Corp CT ADV boosted its stake in PPG Industries by 900.0% in the fourth quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company’s stock valued at $26,000 after acquiring an additional 225 shares during the last quarter. Quarry LP bought a new position in shares of PPG Industries during the 3rd quarter valued at approximately $26,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of PPG Industries during the 4th quarter worth approximately $30,000. Finally, DV Equities LLC bought a new stake in shares of PPG Industries in the 4th quarter worth approximately $32,000. 81.86% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets Several equities analysts recently commented on PPG shares. Citigroup upped their price objective on PPG Industries from $114.00 to $125.00 and gave the company a “neutral” rating in a research note on Wednesday, June 24th. Weiss Ratings raised PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, June 17th. Mizuho increased their price target on PPG Industries from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. Wells Fargo & Company decreased their price objective on PPG Industries from $135.00 to $130.00 and set an “overweight” rating for the company in a report on Friday, April 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on PPG Industries from $120.00 to $130.00 in a research note on Friday, March 27th. Seven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, PPG Industries currently has an average rating of “Hold” and a consensus price target of $126.13.
Read Our Latest Research Report on PPG
PPG Industries Stock Performance NYSE:PPG opened at $117.40 on Thursday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.17 and a current ratio of 1.61. PPG Industries, Inc. has a 52-week low of $93.39 and a 52-week high of $133.43. The firm has a market cap of $26.17 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 1.67 and a beta of 1.05. The business’s fifty day moving average is $115.36 and its 200 day moving average is $113.21.
PPG Industries (NYSE:PPG – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.05. PPG Industries had a return on equity of 21.68% and a net margin of 9.83%.The firm had revenue of $3.93 billion for the quarter, compared to analysts’ expectations of $3.85 billion. During the same period in the prior year, the business posted $1.72 earnings per share. The company’s revenue was up 6.7% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Research analysts predict that PPG Industries, Inc. will post 7.94 EPS for the current year.
PPG Industries Increases Dividend The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Monday, August 10th will be issued a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, August 10th. This is a positive change from PPG Industries’s previous quarterly dividend of $0.71. PPG Industries’s payout ratio is 40.51%.
PPG Industries Profile (Free Report)
PPG Industries is a global supplier of paints, coatings and specialty materials that serves industrial, transportation, consumer and construction markets. Founded in 1883 as the Pittsburgh Plate Glass Company, PPG has evolved from its origins in glass manufacturing into a diversified coatings and materials company headquartered in Pittsburgh, Pennsylvania. The company develops and manufactures a broad array of products used to protect and enhance surfaces, from consumer paints to highly engineered coatings for demanding industrial applications.
PPG’s product portfolio includes architectural and decorative paints, automotive original equipment and refinish coatings, industrial coatings for machinery and equipment, protective and marine coatings, aerospace and defense coatings, and packaging coatings and materials.
Featured Articles Five stocks we like better than PPG Industries Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play Want to see what other hedge funds are holding PPG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PPG Industries, Inc. (NYSE:PPG – Free Report).
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PPG Industries (PPG - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The earnings report, which is expected to be released on July 28, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis paint and coatings maker is expected to post quarterly earnings of $2.26 per share in its upcoming report, which represents a year-over-year change of +1.8%.
Revenues are expected to be $4.36 billion, up 4% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.39% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for PPG Industries?For PPG Industries, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.67%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that PPG Industries will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that PPG Industries would post earnings of $1.83 per share when it actually produced earnings of $1.83, delivering no surprise.
Over the last four quarters, the company has beaten consensus EPS estimates just once.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
PPG Industries appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Key Takeaways Geopolitical tensions and rising oil prices have renewed inflation concerns and market volatility.SJM, PPG, SPFI and CNP recently announced higher dividends for shareholders.June inflation eased, but higher oil prices could renew price pressures and affect rate expectations. Volatility has returned to Wall Street as geopolitical tensions have resumed over the past week. Oil prices, which eased in June, are rising again, igniting fears that inflation could increase.
Amid the ongoing market uncertainty, conservative investors looking for stable income while protecting their capital may find dividend-paying stocks appealing. These stocks offer a steady stream of income through regular dividend payments and can help reduce the impact of market volatility.
Four such stocks are The J. M. Smucker Company (SJM - Free Report) , PPG Industries, Inc. (PPG - Free Report) , South Plains Financial, Inc. (SPFI - Free Report) and CenterPoint Energy, Inc. (CNP - Free Report) . Each of these stocks currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Geopolitical Tensions ReturnThe United States continued its attack on Iran for the ninth straight day on Monday, as hostilities intensified. The attacks come as President Donald Trump said earlier this month that he is no longer interested in negotiations while Iran scrapped the temporary memorandum of association to end hostilities.
On Monday, oil prices rose further after Trump, in a Truth Social post, said that Iran will have to pay for the deaths of three U.S. soldiers “many more times.”
Inflation declined in June after a temporary memorandum of understanding was signed by the United States and Iran in mid-June to end hostilities. The consumer price index (CPI) fell 0.4% sequentially in June, after increasing 0.5% in May.
Year over year, CPI declined to 3.5% in June, surpassing the consensus estimate of a reading of 3.8%. The decline follows a reading of 4.2% in May. The monthly decline in CPI was the biggest since April 2020.
However, with surging oil prices, inflation could once again resume its climb. The Federal Reserve has kept interest rates unchanged this year in its current range of 3.5-3.75%. Markets are pricing in a quarter-percentage-point rate hike by the end of this year, as the Federal Reserve continues to tame sky-high inflation.
4 Stocks That Recently Announced Dividend HikesThe J. M. Smucker CompanyThe J. M. Smucker Company is a leading marketer and manufacturer of branded food and beverage products and pet food and pet snacks in North America. SJM’s operations are primarily U.S.-based, with additional international activities, principally in Canada.
On July 17, The J. M. Smucker Company announced that its shareholders would receive a dividend of $1.12 a share on Sept. 1. SJM has a dividend yield of 3.93%. Over the past five years, The J. M. Smucker Company has increased its dividend six times, and its payout ratio presently sits at 48% of earnings. Check The J. M. Smucker Company’s dividend history here.
PPG IndustriesPPG Industries, Inc. is a global supplier of paints, coatings, chemicals, specialty materials, glass, and fiberglass. PPG has manufacturing facilities and equity affiliates in about 70 countries.
On July 16, PPG Industries declared that its shareholders would receive a dividend of $0.74 a share on Sept. 11. PPG has a dividend yield of 2.42%. Over the past five years, PPG Industries has increased its dividend six times, and its payout ratio presently sits at 37% of earnings. Check PPG Industries’ dividend history here.
South Plains FinancialSouth Plains Financial, Inc. is the bank holding company for City Bank, a chartered bank. SPFI provides commercial and consumer financial services to small and medium-sized businesses and individuals. South Plains Financial’s principal business activities include commercial and retail banking along with insurance, investment trust and mortgage services.
On July 16, South Plains Financial announced that its shareholders would receive a dividend of $0.18 a share on Aug. 10. SPFI has a dividend yield of 1.48%. Over the past five years, South Plains Financial has increased its dividend nine times, and its payout ratio presently sits at 19% of earnings. Check South Plains Financial’s dividend history here.
CenterPoint EnergyCenterPoint Energy, Inc. is a domestic energy delivery company that provides electric transmission and distribution, power generation, and natural gas distribution operations to more than 7 million metered customers across six states — Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas.
On July 15, CenterPoint Energy declared that its shareholders would receive a dividend of $0.24 a share on Sept. 10. CNP has a dividend yield of 2.13%. Over the past five years, CenterPoint Energy has increased its dividend eight times, and its payout ratio presently sits at 51% of earnings. Check CenterPoint Energy’s dividend history here.
Financiere des Professionnels Fonds d investissement inc. cut its position in PPG Industries, Inc. (NYSE:PPG – Free Report) by 96.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,700 shares of the specialty chemicals company’s stock after selling 42,486 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.’s holdings in PPG Industries were worth $182,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. CNB Bank boosted its position in shares of PPG Industries by 1.8% during the fourth quarter. CNB Bank now owns 4,514 shares of the specialty chemicals company’s stock worth $463,000 after buying an additional 80 shares during the period. IFP Advisors Inc increased its position in PPG Industries by 2.7% in the 4th quarter. IFP Advisors Inc now owns 3,302 shares of the specialty chemicals company’s stock valued at $338,000 after acquiring an additional 87 shares during the period. Whittier Trust Co. increased its position in PPG Industries by 1.4% in the 4th quarter. Whittier Trust Co. now owns 6,658 shares of the specialty chemicals company’s stock valued at $703,000 after acquiring an additional 89 shares during the period. Evolve Private Wealth LLC raised its stake in PPG Industries by 3.2% during the 1st quarter. Evolve Private Wealth LLC now owns 2,929 shares of the specialty chemicals company’s stock valued at $313,000 after acquiring an additional 92 shares in the last quarter. Finally, Insigneo Advisory Services LLC raised its stake in PPG Industries by 4.3% during the 4th quarter. Insigneo Advisory Services LLC now owns 2,234 shares of the specialty chemicals company’s stock valued at $229,000 after acquiring an additional 92 shares in the last quarter. 81.86% of the stock is owned by institutional investors and hedge funds.
PPG Industries Trading Down 1.1% Shares of PPG stock opened at $117.39 on Friday. The stock has a 50-day simple moving average of $114.79 and a 200 day simple moving average of $112.87. PPG Industries, Inc. has a fifty-two week low of $93.39 and a fifty-two week high of $133.43. The stock has a market capitalization of $26.17 billion, a P/E ratio of 16.75, a P/E/G ratio of 1.72 and a beta of 1.05. The company has a quick ratio of 1.17, a current ratio of 1.61 and a debt-to-equity ratio of 0.78.
PPG Industries (NYSE:PPG – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.78 by $0.05. PPG Industries had a net margin of 9.83% and a return on equity of 21.68%. The firm had revenue of $3.93 billion for the quarter, compared to analysts’ expectations of $3.85 billion. During the same period in the previous year, the business earned $1.72 earnings per share. PPG Industries’s revenue for the quarter was up 6.7% compared to the same quarter last year. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, sell-side analysts expect that PPG Industries, Inc. will post 7.94 earnings per share for the current fiscal year.
PPG Industries Increases Dividend The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Monday, August 10th will be issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Monday, August 10th. This is an increase from PPG Industries’s previous quarterly dividend of $0.71. PPG Industries’s payout ratio is presently 42.23%.
Analysts Set New Price Targets A number of brokerages have recently commented on PPG. Wells Fargo & Company lowered their price target on PPG Industries from $135.00 to $130.00 and set an “overweight” rating on the stock in a report on Friday, April 10th. Deutsche Bank Aktiengesellschaft increased their target price on shares of PPG Industries from $120.00 to $130.00 in a research report on Friday, March 27th. BMO Capital Markets dropped their price target on shares of PPG Industries from $140.00 to $138.00 and set an “outperform” rating on the stock in a research report on Monday, July 6th. Mizuho increased their price objective on shares of PPG Industries from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Finally, BNP Paribas Exane increased their price objective on shares of PPG Industries from $115.00 to $116.00 in a report on Thursday, April 30th. Seven equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $126.13.
Get Our Latest Analysis on PPG Industries
About PPG Industries (Free Report)
PPG Industries is a global supplier of paints, coatings and specialty materials that serves industrial, transportation, consumer and construction markets. Founded in 1883 as the Pittsburgh Plate Glass Company, PPG has evolved from its origins in glass manufacturing into a diversified coatings and materials company headquartered in Pittsburgh, Pennsylvania. The company develops and manufactures a broad array of products used to protect and enhance surfaces, from consumer paints to highly engineered coatings for demanding industrial applications.
PPG’s product portfolio includes architectural and decorative paints, automotive original equipment and refinish coatings, industrial coatings for machinery and equipment, protective and marine coatings, aerospace and defense coatings, and packaging coatings and materials.
Further Reading Five stocks we like better than PPG Industries Netflix May Be Cheap Enough to Tempt Buyers After Earnings Drop Delta vs. United: Which Airline Is Better Built for Higher Fuel Costs? The Market Sold Alcoa After Earnings—But It May Be Missing the Real Story Why Intuitive Surgical’s Strong Quarter Still Spooked Investors Want to see what other hedge funds are holding PPG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PPG Industries, Inc. (NYSE:PPG – Free Report).
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Key Takeaways PPG increased its quarterly dividend by 3 cents to 74 cents per share, payable Sept. 11 to eligible holders. PPG has made 512 consecutive dividend payments and raised its dividend for 55 straight years. PPG returned $1.4 billion to shareholders in 2025 and cited balance sheet strength behind the increase. PPG Industries, Inc. (PPG - Free Report) has announced a 3-cent per share increase in its regular quarterly dividend to 74 cents. The dividend, marking a 4.2% hike, will be paid out on Sept. 11, 2026, to shareholders on record as of Aug. 10, 2026.
The latest declaration marks the company's 512th consecutive dividend payment. PPG has distributed uninterrupted annual dividends since 1899, reflecting a dividend-paying track record spanning more than a century. With the latest hike, PPG has raised its dividend payout for 55 straight years.
The company is dedicated to enhancing shareholders’ returns through strategic cash deployment, maintaining a strong track record of returning cash to shareholders via dividends and share buybacks. In 2025, PPG returned $1.4 billion to shareholders through dividends and share repurchases. It paid dividends worth $630 million in 2025.
Its board authorized the buyback of $2.5 billion of outstanding common stock, and PPG bought back shares worth roughly $790 million in 2025 and another $100 million in the first quarter of 2026. Its robust financial performance is reflected in the substantial operating cash flow generation, which reached around $1.9 billion in 2025.
Per PPG, the dividend increase underscores the board's confidence in the resilience of its business, the strength of its balance sheet and the company's ability to generate and expand operating cash flow over the long term.
Shares of PPG are up 3.7% in the past year compared with the industry’s 3.3% growth.
Image Source: Zacks Investment Research
PPG Zacks Rank & Key PicksPPG currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Basic Materials space are CSW Industrials, Inc. (CSW - Free Report) , Idaho Strategic Resources, Inc. (IDR - Free Report) and Ternium S.A. (TX - Free Report) . CSW, IDR and TX carry a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for CSW’s current-year earnings stands at $12.52 per share, implying a 20.6% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, with the average surprise being 3.8%.
The Zacks Consensus Estimate for IDR’s current-year earnings is pegged at $1.52 per share, implying a 33.3% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, with the average surprise being 68.7%.
The Zacks Consensus Estimate for TX’s current-year earnings is pegged at $5.52 per share, indicating a 154.4% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in two of the trailing four quarters, with the average surprise being 3.5%.
The Board of Directors of PPG (NYSE: PPG) today approved a 3-cents-per-share increase in the company's dividend, declaring a regular quarterly dividend of 74 ce
Key Takeaways PPG launched Aeroview, a web-based tool for customizing and visualizing aircraft paint colors.The platform offers real-time colors and 3D renderings across a range of aircraft models.Users can save, share and archive designs while speeding approvals and supporting maintenance planning. PPG Industries, Inc. (PPG - Free Report) has launched the PPG Aeroview virtual aircraft painter, a web-based digital tool that enables business and general aviation customers to customize aircraft paint colors by helping visualize with precision and ease. The tool allows users to choose from a range of aircraft models and apply colors from PPG's library in real time.
Currently available for U.S. aerospace coatings products, the platform is designed to improve visibility and accessibility of PPG's aerospace coatings while reducing dependence on traditional physical color brochures. It offers 3D renderings that help designers, fleet managers, maintenance planners and aviation enthusiasts to select aircraft coatings with confidence.
According to PPG, the Aeroview virtual aircraft painter can help reduce design uncertainty, minimize costly repaint errors and speed up project approvals. Users can also save, share and archive designs for future reference or maintenance planning. The platform integrates with PPG LiveryLab Studio, which supports the livery design service.
PPG’s shares have lost 0.6% over the past year against the industry’s 3.9% growth.
Image Source: Zacks Investment Research
PPG’s Zacks Rank & Other Key PicksPPG currently carries a Zacks Rank #2 (Buy).
Other top-ranked stocks in the Basic Materials space are Kronos Worldwide, Inc. (KRO - Free Report) , Carpenter Technology Corporation (CRS - Free Report) and Albemarle Corporation (ALB - Free Report) .
While KRO and CRS sport a Zacks Rank #1 (Strong Buy) at present, ALB carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for KRO’s 2026 loss is pinned at 33 cents per share, indicating a 65.63% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in one of the trailing four quarters and missed the rest. KROshares have gained 3.8% over the past year.
The Zacks Consensus Estimate for CRS’ 2026 earnings is pegged at $10.56 per share, indicating a rise of 41.18% year over year. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 8.95%.
The Zacks Consensus Estimate for ALB’s current fiscal-year earnings is pinned at $13.06 per share, indicating a 1,753% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters while missing it in one, with an average surprise of 74.5%. ALB’s shares have gained 64.7% over the past year.
PITTSBURGH--(BUSINESS WIRE)--The Board of Directors of PPG (NYSE:PPG) today approved a 3-cents-per-share increase in the company's dividend, declaring a regular quarterly dividend of 74 cents per share, payable Sept. 11 to shareholders of record Aug. 10. This marks the company's 512th consecutive dividend payment. Through the ongoing dedication and engagement of its workforce, the company has paid uninterrupted annual dividends since 1899. “We are proud of our heritage of rewarding shareholders.
PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE: PPG) today announced the launch of the PPG AEROVIEW™ virtual aircraft painter, a digital tool designed to help business and general aviation customers explore and customize aircraft paint colors with precision and ease. This web-based tool provides an interactive platform where users can select from a variety of aircraft models and digitally apply colors from PPG's comprehensive aerospace color library to visualize custom paint schemes in real time. The P.
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.
While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
PPG Industries (PPG - Free Report) is headquartered in Pittsburgh, and is in the Basic Materials sector. The stock has seen a price change of 11.11% since the start of the year. The paint and coatings maker is currently shelling out a dividend of $0.71 per share, with a dividend yield of 2.49%. This compares to the Chemical - Specialty industry's yield of 0.66% and the S&P 500's yield of 1.33%.
Looking at dividend growth, the company's current annualized dividend of $2.84 is up 2.2% from last year. Over the last 5 years, PPG Industries has increased its dividend 5 times on a year-over-year basis for an average annual increase of 5.52%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. PPG Industries's current payout ratio is 37%, meaning it paid out 37% of its trailing 12-month EPS as dividend.
Looking at this fiscal year, PPG expects solid earnings growth. The Zacks Consensus Estimate for 2026 is $7.93 per share, with earnings expected to increase 4.62% from the year ago period.
Investors like dividends for many reasons; they greatly improve stock investing profits, decrease overall portfolio risk, and carry tax advantages, among others. It's important to keep in mind that not all companies provide a quarterly payout.
Big, established firms that have more secure profits are often seen as the best dividend options, but it's fairly uncommon to see high-growth businesses or tech start-ups offer their stockholders a dividend. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. That said, they can take comfort from the fact that PPG is not only an attractive dividend play, but also represents a compelling investment opportunity with a Zacks Rank of #2 (Buy).
Key Takeaways PPG introduced an enhanced Selemix 7-159 acrylic topcoat for EMEA light industrial coatings.The C5M-certified coating offers improved salt spray and corrosion resistance in demanding environments.PPG optimized the coating for air-assisted airless systems, with better sag resistance and high-gloss results. PPG Industries, Inc. (PPG - Free Report) recently introduced an enhanced formulation of PPG Selemix 7-159 Direct Pro 2K acrylic topcoat, designed for the light industrial coatings market in Europe, the Middle East, and Africa (EMEA). The newly formulated direct-to-metal coating delivers an improved solution according to corrosion requirements.
The product is C5M certified under ISO 12944-6, demonstrating salt spray resistance to corrosion in demanding industrial environments. The enhanced formulation improves salt spray resistance, corrosion resistance and increased reliability with both environmental corrosivity and coating durability, confirming it. PPG has also optimized the coating for use with air-assisted airless systems, enabling more efficient application for users. Improved sag resistance gives better control, while delivering consistency and a high-gloss look.
Engineered with high-solids, low-VOC composition, the direct-to-metal coating supports efficient processing in manufacturing while meeting economical constraints. Its stable processing characteristics help manufacturers achieve reliable, cost-effective results without compromising quality.
With this latest enhancement, PPG strengthens its Selemix portfolio, providing industrial customers with a durable, high-performance coating solution capable of meeting evolving needs.
PPG’s shares have gained 5.7% over the past year compared with the industry’s 7.1% growth.
Image Source: Zacks Investment Research
PPG’s Zacks Rank & Key PicksPPG currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Basic Materials space are Albemarle Corporation (ALB - Free Report) , Carpenter Technology Corporation (CRS - Free Report) and Avino Silver & Gold Mines Ltd. (ASM - Free Report) .
While ALB sports a Zacks Rank #1 (Strong Buy) at present, CRS and ASM carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for ALB’s 2026 earnings is pinned at $12.98 per share, indicating a 1,743.04% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed one, with an average surprise of 74.5%. ALB’s shares have jumped 90.5% over the past year.
The Zacks Consensus Estimate for CRS’ 2026 earnings is pegged at $10.56 per share, indicating a rise of 41.18% year over year. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 8.95%.
The Zacks Consensus Estimate for ASM’s current fiscal-year earnings is pinned at 34 cents per share, indicating a 17.24% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 125%. ASM’sshares have gained 86.4% over the past year.
PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE:PPG) today announced that it has received a 2026 Green Chemistry Challenge Award from the American Chemical Society (ACS) Green Chemistry Institute. PPG was recognized in the Design of Safer Chemicals category for PPG SIGMAGLIDE® 2390 coating, a biocide-free, silicone-based fouling release technology that helps vessel owners and operators improve fuel efficiency, reduce emissions and avoid the release of antifoulants into marine environments.The ACS Green C.
PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE: PPG) today announced the following details for its second quarter 2026 earnings release and teleconference call. Earnings release: Tuesday, July 28, after U.S. stock markets close Teleconference: Wednesday, July 29, 8 a.m. ET PPG participants: Tim Knavish, chairman and chief executive officer Jamie Beggs, senior vice president and chief financial officer Alex Lopez, director, investor relations Dial-in registration: Visit https://events.q4inc.com/at.
PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE: PPG) today announced the recipients of its 2025 Excellent Supplier Awards. The annual awards recognize suppliers whose performance has consistently exceeded requirements based on commercial value, quality, innovation, sustainability, responsiveness, service, delivery, documentation, quality, value add, and compliance. The Excellent Supplier Awards program applies to the company’s global supply base, which includes direct (raw materials), indirect, logistics and energy.
Several suppliers were recognized for their notable efforts to create value, generate savings and establish a competitive advantage for PPG:
Global winners, indirect: Belcan, SAP, EPAM Global winners, direct: The Shepherd Color Company, Rianlon, LB Group Regional winner: United States and Canada: Eaton (indirect) Regional winner: Latin America: Complementos Coby SA de CV (indirect) Regional winner: Europe, Middle East and Africa: Mercedes-Benz International Corporate Sales (indirect) Regional Winners: Asia Pacific: Ayva Packaging Pty. Ltd (indirect), Anhui Shenjian New Material Co., Ltd (direct) Mitsubishi Chemical Group Corporation (MCC) was the global winner in the sustainability category. MCC was recognized after partnering with PPG to develop innovative materials for its next-generation marine antifouling coatings, bringing strong sustainability benefits compared to traditional antifouling coatings.
“Our suppliers play a vital role in helping us serve our customers today while positioning PPG for future success,” said Christine Camsuzou, PPG vice president, global procurement and integrated supply chain. “We’re pleased to recognize these exceptional partners for the value they bring to our business. Their dedication, creativity and adaptability have made a meaningful impact, and we look forward to continuing to strengthen our partnerships in the years ahead.”
PPG: WE PROTECT AND BEAUTIFY THE WORLD®
At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and specialty products that our customers have trusted for more than 140 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 50 countries and reported net sales of $15.9 billion in 2025. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.
The PPG Logo and We protect and beautify the world are registered trademarks of PPG Industries Ohio, Inc.
PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE:PPG) today announced that its Board of Directors has elected Jamie A. Beggs to serve as senior vice president and chief financial officer (CFO), effective July 6. Beggs is replacing Vincent J. Morales as CFO, who announced earlier his planned retirement which will also be July 6, following a distinguished 41-year career with PPG. Beggs and Morales will work closely together in the coming months to ensure a successful transition. Beggs will report to Timothy M. Knavish, PPG chairman and chief executive officer, and will join PPG’s executive and operating committees. She will also have executive leadership responsibilities for corporate development and information technology.
Beggs joins PPG with more than 25 years of experience in financial leadership positions in public and private organizations with a focus on specialty materials and diverse end markets. Since 2020, she has served as CFO of Avient Corporation, an innovator of materials solutions. Beggs also currently serves on the Board of Directors of International Paper.
“We are excited to welcome Jamie to PPG as we drive and accelerate our growth strategy,” said Knavish. “She brings proven financial leadership from her prior CFO experiences, deep industry expertise and extensive business leadership. On behalf of the PPG Board of Directors and our senior leadership team, we look forward to drawing on her expertise as we maintain our focus on delivering increased value creation.”
Prior to Avient Corporation, Beggs served as CFO of Hunt Consolidated, Inc., a diversified holding company for businesses in several industries, including oil and gas exploration, refining, liquefied natural gas, power and infrastructure. She also worked for 10 years at Celanese Corporation, where she served in a variety of leadership positions, including corporate vice president and treasurer, and CFO of its Materials Solutions business. She began her career at PricewaterhouseCoopers LLP after earning her bachelor's and master's degrees in accounting from the University of Texas.
“PPG is a company with an incredible legacy and an even more exciting future,” said Beggs. “I am honored to join such a talented team and look forward to partnering with Tim and the organization to build on the strong momentum underway and capture the significant opportunities ahead.”
PPG: WE PROTECT AND BEAUTIFY THE WORLD®
At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and specialty products that our customers have trusted for more than 140 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we market and sell in more than 50 countries and reported net sales of $15.9 billion in 2025. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.
The PPG Logo and We protect and beautify the world are registered trademarks of PPG Industries Ohio, Inc.
PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE:PPG) today reported financial results for the first quarter 2026.
First Quarter 2026 Consolidated Results
$ in millions, except EPS
1Q 2026
1Q 2025
YOY change
Net sales
$3,930
$3,684
+7%
Net income (a)
$382
$375
+2%
Adjusted net income (a)(b)
$411
$396
+4%
EPS (a)
$1.70
$1.64
+4%
Adjusted EPS (a)(b)
$1.83
$1.72
+6%
(a) From continuing operations
(b) Reconciliations of reported to adjusted figures are included below
Chairman and CEO Comments
Tim Knavish, PPG chairman and chief executive officer, commented on the quarter:
In the first quarter, PPG delivered organic sales growth of 1%, demonstrating our ability to maintain growth momentum in a challenging environment. We delivered higher selling prices, with further selling price realization targeted to offset any inflationary impact more quickly than prior cycles. Adjusted EPS increased 6% driven by strong results in our differentiated aerospace and architectural coatings Latin America businesses, reflecting the benefits of our technology-advantaged products and strong brand recognition, along with excellent commercial execution.
Our Global Architectural Coatings segment achieved low single-digit percentage organic sales growth and EBITDA margin improvement of 230 basis points driven by strength in Latin America. In Europe, demand remains mixed whereas in Mexico, project-related sales are recovering and retail sales were especially strong.
Performance Coatings segment organic sales grew a low single-digit percentage benefitting from strong demand for aerospace and protective and marine coatings products. Aerospace industry growth is expected to remain robust, and our order backlog positions us well to deliver consistent above-industry growth in this key end market.
In our Industrial Coatings segment, we are delivering on previously communicated share gains in automotive original equipment manufacturer (OEM) coatings and packaging coatings, which allowed us to grow above industry levels. However, margins in the first quarter were negatively impacted by regional mix as China automotive production dropped in comparison to a particularly high level in the first quarter of last year. Results for packaging coatings were outstanding as we increased both organic sales and EBITDA margin.
Looking ahead, we expect strong growth in aerospace, architectural coatings in Latin America, protective and marine coatings and packaging coatings. Automotive refinish coatings organic sales are anticipated to improve for PPG in the second half of the year related to the phasing of customer order patterns last year. We are also seeing early signs of demand improvement in the U.S. refinish market as insurance claims begin to normalize to historical levels.
In recent weeks, costs have risen for raw materials, energy, logistics and packaging across the coatings value chain. As a result, PPG has proactively announced price adjustments globally and across the portfolio. Given the scale of our differentiated portfolio, we are able to source raw materials globally, and compared to prior inflation cycles, we have an improved ability to offset inflation by increasing selling prices in step with raw material price increases.
In the second quarter, we expect both organic sales and adjusted earnings per share in the range of flat to growth of a low single-digit percentage. We are maintaining our full-year earnings per share guidance range of $7.70 to $8.10. This guidance reflects confidence in our growth momentum, including share gains and realization of pricing and execution of self-help actions, which will serve to mitigate the raw material inflation impact.
Thank you to our PPG team around the world who make it happen and deliver on our purpose every day: We protect and beautify the world®.
Additional Financial Information
Net sales in the quarter increased 7% year over year, including benefits from higher selling prices of 1% and positive foreign currency translation of 6%. At quarter end, the company had cash and short-term investments totaling $1.6 billion. Net debt was $5.5 billion, an increase of $150 million from the first quarter 2025. Cash from operating activities was $33 million, approximately $50 million higher year over year. The company repaid $700 million of debt which matured in the first quarter. Corporate expenses were $83 million in the first quarter. First quarter net interest expense was $24 million. In the first quarter, the effective tax rate was approximately 25.5%, up about 100 basis points year over year. First Quarter 2026 Reportable Segment Financial Results
Global Architectural Coatings Segment
$ in millions
1Q 2026
1Q 2025
YOY change
Net sales
$965
$857
+13%
Sales volumes
—%
Selling prices
+2%
Foreign currency translation
+12%
Divestitures
(1)%
Segment income
$155
$118
+31%
Segment income %
16.1%
13.8%
Segment EBITDA (a)
$184
$144
+28%
Segment EBITDA %
19.1%
16.8%
(a) Reconciliations of reported to adjusted figures are included below
Global Architectural Coatings segment net sales increased 13% compared to the first quarter 2025 driven by higher selling prices and a benefit from foreign currency translation partially offset by divestitures.
Organic sales for architectural coatings Latin America and Asia Pacific increased by a mid-single-digit percentage compared to the first quarter 2025 driven by growth in Latin America. Organic sales for architectural coatings EMEA declined by a low single-digit percentage year over year, with higher selling prices more than offset by lower sales volumes. In Mexico, retail sales were especially strong in the quarter. Mexican project-related sales continued to recover and the company expects further incremental improvement in the second quarter aided by higher business and governmental project investment.
Segment EBITDA increased 28% and segment EBITDA margin improved 230 basis points compared to the prior year with realization of higher selling prices and cost-control actions.
Performance Coatings Segment
$ in millions
1Q 2026
1Q 2025
YOY change
Net sales
$1,334
$1,265
+5%
Sales volumes
(2)%
Selling prices
+3%
Foreign currency translation
+3%
Acquisitions
+1%
Segment income
$288
$274
+5%
Segment income %
21.6%
21.7%
Segment EBITDA (a)
$326
$307
+6%
Segment EBITDA %
24.4%
24.3%
(a) Reconciliations of reported to adjusted figures are included below
Performance Coatings segment net sales increased 5% driven by higher selling prices, foreign currency translation benefit, and acquisitions, partially offset by lower sales volumes.
Organic sales improved 1% compared to the prior year driven by aerospace, protective and marine coatings, and traffic solutions, partially offset by expected year-over-year sales volume declines in automotive refinish coatings. Aerospace achieved exceptional quarterly sales with double-digit percentage organic sales growth while our order backlog remained at about $315 million. Organic sales in automotive refinish coatings decreased by a double-digit percentage as sales volumes were lower, reflecting a difficult comparison to the prior year when customer order patterns were heavily weighted to the first half of 2025. Protective and marine coatings organic sales increased by a high single-digit percentage compared to the prior year, achieving its 12th consecutive quarter of sales volume growth, including above-market marine sales volume growth in Asia Pacific. Organic sales in traffic solutions increased a high single-digit percentage driven by strong demand across the U.S. and Canada.
Compared to the first quarter 2025, segment EBITDA increased by 6% and segment EBITDA margin improved slightly, driven by higher selling prices partially offset by lower automotive refinish coatings sales volumes and higher growth-related investment spending in aerospace and protective and marine coatings.
Industrial Coatings Segment
$ in millions
1Q 2026
1Q 2025
YOY change
Net sales
$1,631
$1,562
+4%
Sales volumes
+1%
Selling prices
(1)%
Foreign currency translation
+4%
Segment income
$193
$215
(10)%
Segment income %
11.8%
13.8%
Segment EBITDA (a)
$245
$263
(7)%
Segment EBITDA %
15.0%
16.8%
(a) Reconciliations of reported to adjusted figures are included below
Industrial Coatings segment net sales increased 4% compared to the first quarter 2025 driven by foreign currency translation. Organic sales were flat, including sales volumes growth of 1%, reflecting the benefits from share gains offset by the impact of lower selling prices from certain index-based customer contracts.
Automotive OEM coatings organic sales decreased a low single-digit percentage, with flat sales volumes, including share gains, resulting in the business outpacing the decline in global automotive industry production by about 300 basis points. Industrial coatings organic sales declined a low single-digit percentage driven by soft demand in the United States which offset growth in other regions. Packaging coatings organic sales increased by a double-digit percentage versus the prior year period and sales volumes are up over 20 percent on a two-year stacked basis, driven by share gains, as customers adopt our leading technologies.
Segment EBITDA decreased 7% and segment EBITDA margin declined 180 basis points compared to the first quarter 2025. This was driven by regional mix and lower selling prices due to index-based contracts.
Outlook
The company expects both second quarter organic sales and adjusted earnings per share in the range of flat to growth of a low single-digit percentage. We are maintaining our full-year earnings per share guidance range of $7.70 to $8.10. This reflects the momentum of share gains and self-help actions, along with an updated view of current global economic activity, foreign exchange rates as well as regional and business mix.
Additional information related to 2026 financial projections is posted within the slides and prepared commentary associated with the first quarter earnings documents on the Investors section of PPG.com.
The term organic sales as used in this press release is defined as net sales excluding the impact of currency, acquisitions and divestitures.
PPG: WE PROTECT AND BEAUTIFY THE WORLD®
At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and specialty products that our customers have trusted for more than 140 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we market and sell in more than 50 countries and reported net sales of $15.9 billion in 2025. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.
The PPG Logo and We protect and beautify the world are registered trademarks of PPG Industries Ohio, Inc.
Additional Information
PPG will provide detailed commentary regarding its financial performance, including presentation-slide content, on the PPG Investor Center at www.ppg.com at about 4:30 p.m. ET today, April 28. The company will hold a conference call to review its first quarter 2026 financial performance on April 29, at 8:00 a.m. ET. Participants can pre-register for the conference by navigating to https://events.q4inc.com/analyst/616458242?pwd=9U5JS1Tl. The conference call also will be available in listen-only mode via Internet broadcast from the PPG Investor Center at www.ppg.com. A web replay will be available shortly after the call on the PPG Investor Center at www.ppg.com, and will remain through Tuesday, April 28, 2027.
Forward-Looking Statements
Statements contained herein relating to matters that are not historical facts are forward-looking statements reflecting PPG’s current view with respect to future events and financial performance. These matters within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, involve risks and uncertainties that may affect PPG’s operations, as discussed in the company’s filings with the Securities and Exchange Commission pursuant to Sections 13(a), 13(c) or 15(d) of the Exchange Act, and the rules and regulations promulgated thereunder. Accordingly, many factors could cause actual results to differ materially from the forward-looking statements contained herein. Such factors include statements related to earnings guidance, global economic conditions, geopolitical issues, the amount of future share repurchases, increasing price and product competition by our competitors, fluctuations in cost and availability of raw materials, energy, labor and logistics, the ability to achieve selling price increases, margins, share gains, customer inventory levels, PPG inventory levels, the ability to maintain favorable supplier relationships and arrangements, the timing of realization of anticipated cost savings from restructuring and other initiatives, the ability to identify additional cost savings opportunities, the timing and expected benefits of potential future and completed acquisitions, difficulties in integrating acquired businesses and achieving expected synergies therefrom, economic and political conditions in international markets, the imposition and magnitude of tariffs, the ability to penetrate existing, developing and emerging foreign and domestic markets, foreign exchange rates and fluctuations in such rates, fluctuations in tax rates, the impact of future legislation, the impact of environmental regulations, unexpected business disruptions, global human health issues, the unpredictability of existing and possible future litigation, including asbestos litigation, and governmental investigations. However, it is not possible to predict or identify all such factors. Consequently, while the list of factors presented here and in our 2025 Annual Report on Form 10-K are considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Consequences of material differences in results compared with those anticipated in the forward-looking statements could include, among other things, lower sales or earnings, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on PPG’s consolidated financial condition, results of operations or liquidity.
All information in this release speaks only as of April 28, 2026, and any distribution of this release after that date is not intended and will not be construed as updating or confirming such information. PPG undertakes no obligation to update any forward-looking statement, except as otherwise required by applicable law.
Regulation G Reconciliation
PPG believes investors’ understanding of the company’s performance is enhanced by the disclosure of net income, earnings per diluted share from continuing operations, PPG’s effective tax rate adjusted for certain items, earnings before interest, taxes, depreciation and amortization ("EBITDA"), adjusted EBITDA, adjusted EBITDA margin, and segment EBITDA. PPG’s management considers this information useful in providing insight into the company’s ongoing performance because it excludes the impact of items that cannot reasonably be expected to recur on a quarterly basis or that are not attributable to our primary operations. Net income, earnings per diluted share from continuing operations and the effective tax rate adjusted for these items, EBITDA, adjusted EBITDA, adjusted EBITDA margin, and segment EBITDA are not recognized financial measures determined in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and should not be considered a substitute for net income, earnings per diluted share, the effective tax rate, segment income or other financial measures as computed in accordance with U.S. GAAP. In addition, adjusted net income, adjusted earnings per diluted share, the adjusted effective tax rate, EBITDA, adjusted EBITDA, adjusted EBITDA margin and segment EBITDA may not be comparable to similarly titled measures as reported by other companies. PPG is not able to provide a reconciliation of second quarter 2026 or full-year 2026 expected adjusted earnings per diluted share to the most directly comparable GAAP financial measure without unreasonable effort because certain items that impact such measure are uncertain or cannot be reasonably predicted at this time.
Regulation G Reconciliation - Net Income, Earnings per Diluted Share, Effective Tax Rate and Segment Income
($ in millions, except per-share amounts and percentages)
First Quarter
2026
First Quarter
2025
$
EPS(a)
$
EPS (a)
Reported net income from continuing operations
$382
$1.70
$375
$1.64
Acquisition-related amortization expense
20
0.09
24
0.10
Business restructuring-related costs, net(b)
4
0.02
7
0.03
Portfolio optimization(c)
5
0.02
(6
)
(0.03
)
Insurance recovery(d)
—
—
(4
)
(0.02
)
Adjusted net income from continuing operations, excluding certain items
$411
$1.83
$396
$1.72
First Quarter
2026
First Quarter
2025
Income Before Income Taxes
Tax Expense
Effective Tax Rate
Income Before Income Taxes
Tax Expense
Effective Tax Rate
Effective tax rate, continuing operations
$517
$132
25.5
%
$502
$122
24.3
%
Acquisition-related amortization expense
27
7
24.3
%
32
8
24.4
%
Business restructuring-related costs, net(b)
5
1
23.2
%
9
2
19.7
%
Portfolio optimization(c)
7
2
25.6
%
(6
)
—
N/A
Insurance recovery(d)
—
—
—
%
(6
)
(2
)
24.3
%
Adjusted effective tax rate, continuing operations, excluding certain items
$556
$142
25.5
%
$531
$130
24.5
%
First Quarter
2026
2025
Global Architectural Coatings
Net sales
$965
$857
Segment income
$155
$118
Segment depreciation and amortization
29
26
Segment EBITDA
$184
$144
Segment EBITDA %
19.1
%
16.8
%
Performance Coatings
Net sales
$1,334
$1,265
Segment income
$288
$274
Segment depreciation and amortization
38
33
Segment EBITDA
$326
$307
Segment EBITDA %
24.4
%
24.3
%
Industrial Coatings
Net sales
$1,631
$1,562
Segment income
$193
$215
Segment depreciation and amortization
52
48
Segment EBITDA
$245
$263
Segment EBITDA %
15.0
%
16.8
%
Total Segment EBITDA
Net sales
$3,930
$3,684
Segment income
$636
$607
Segment depreciation and amortization
119
107
Segment EBITDA
$755
$714
Segment EBITDA %
19.2
%
19.4
%
PPG INDUSTRIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF INCOME (unaudited)
(All amounts in millions except per-share data)
Three Months Ended
March 31
2026
2025
Net sales
$3,930
$3,684
Cost of sales, exclusive of depreciation and amortization
2,275
2,142
Selling, general and administrative
885
838
Depreciation
105
89
Amortization
27
32
Research and development, net
113
102
Interest expense
61
56
Interest income
(37
)
(43
)
Other income, net
(16
)
(34
)
Income before income taxes
$517
$502
Income tax expense
132
122
Income from continuing operations
$385
$380
Loss from discontinued operations, net of tax
—
(2
)
Net income attributable to controlling and noncontrolling interests
$385
$378
Net income attributable to noncontrolling interests
(3
)
(5
)
Net income (attributable to PPG)
$382
$373
Amounts attributable to PPG:
Income from continuing operations, net of tax
$382
$375
Loss from discontinued operations, net of tax
—
(2
)
Net income (attributable to PPG)
$382
$373
Earnings per common share:
Income from continuing operations, net of tax
$1.71
$1.64
Loss from discontinued operations, net of tax
—
(0.01
)
Earnings per common share (attributable to PPG)
$1.71
$1.63
Earnings per common share – assuming dilution:
Income from continuing operations, net of tax
$1.70
$1.64
Loss from discontinued operations, net of tax
—
(0.01
)
Earnings per common share (attributable to PPG) - assuming dilution
$1.70
$1.63
Average shares outstanding
223.7
228.0
Average shares outstanding - assuming dilution
224.4
228.9
PPG INDUSTRIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS HIGHLIGHTS (unaudited)
Short-term debt and current portion of long-term debt
$736
$706
$1,688
Accounts payable and accrued liabilities
4,001
3,957
3,885
Current portion of operating lease liabilities
138
138
134
Restructuring reserves
78
99
130
Total current liabilities
$4,953
$4,900
$5,837
Long-term debt
$6,407
$6,602
$5,574
PPG OPERATING METRICS (unaudited)
($ in millions)
March 31
December 31
March 31
2026
2025
2025
Operating Working Capital(a)
$3,138
$2,748
$2,843
As a percent of quarter sales, annualized
20.0
%
17.6
%
19.3
%
(a) Operating working capital includes: (1) receivables from customers, net of allowance for doubtful accounts, (2) FIFO inventories and (3) trade liabilities.
PPG INDUSTRIES, INC. AND SUBSIDIARIES
CONSOLIDATED BUSINESS SEGMENT INFORMATION (unaudited)
($ in millions)
Three Months Ended
March 31
2026
2025
Net sales
Global Architectural Coatings
$965
$857
Performance Coatings
1,334
1,265
Industrial Coatings
1,631
1,562
Total
$3,930
$3,684
Segment income
Global Architectural Coatings
$155
$118
Performance Coatings
288
274
Industrial Coatings
193
215
Total
$636
$607
Items not allocated to segments
Corporate / non-segment unallocated, exclusive of depreciation and amortization
(74
)
(81
)
Corporate / non-segment unallocated depreciation and amortization
PPG Industries (PPG - Free Report) came out with quarterly earnings of $1.83 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $1.72 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +0.05%. A quarter ago, it was expected that this paint and coatings maker would post earnings of $1.57 per share when it actually produced earnings of $1.51, delivering a surprise of -3.82%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
PPG Industries, which belongs to the Zacks Chemical - Specialty industry, posted revenues of $3.93 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 2.40%. This compares to year-ago revenues of $3.68 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
PPG Industries shares have added about 7.7% since the beginning of the year versus the S&P 500's gain of 4.8%.
What's Next for PPG Industries?While PPG Industries has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for PPG Industries was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.25 on $4.34 billion in revenues for the coming quarter and $8.00 on $16.45 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Chemical - Specialty is currently in the bottom 26% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Perimeter Solutions, SA (PRM - Free Report) , another stock in the same industry, has yet to report results for the quarter ended March 2026. The results are expected to be released on May 6.
This company is expected to post quarterly earnings of $0.02 per share in its upcoming report, which represents a year-over-year change of -33.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Perimeter Solutions, SA's revenues are expected to be $109.61 million, up 52.2% from the year-ago quarter.
For the quarter ended March 2026, PPG Industries (PPG - Free Report) reported revenue of $3.93 billion, up 6.7% over the same period last year. EPS came in at $1.83, compared to $1.72 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.84 billion, representing a surprise of +2.4%. The company delivered an EPS surprise of +0.05%, with the consensus EPS estimate being $1.83.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how PPG Industries performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Performance Coatings: $1.33 billion versus the four-analyst average estimate of $1.31 billion. The reported number represents a year-over-year change of +5.5%.Net Sales- Global Architectural Coatings: $965 million versus $944.12 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +12.6% change.Net Sales- Industrial Coatings: $1.63 billion compared to the $1.6 billion average estimate based on four analysts. The reported number represents a change of +4.4% year over year.Segment Income- Performance Coatings: $288 million versus $258.38 million estimated by four analysts on average.Segment Income- Global Architectural Coatings: $155 million compared to the $141.42 million average estimate based on four analysts.Segment Income- Industrial Coatings: $193 million compared to the $217.3 million average estimate based on four analysts.View all Key Company Metrics for PPG Industries here>>>
Shares of PPG Industries have returned +6.2% over the past month versus the Zacks S&P 500 composite's +12.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Key Takeaways PPG posted Q1 adjusted EPS of $1.83, matching estimates, as revenues rose 6.7% to $3.93B.PPG cited pricing and FX gains; aerospace saw double-digit organic growth with $315M backlog.PPG reaffirmed 2026 EPS view of $7.70-$8.10 despite $240M-$300M inflation headwind. PPG Industries, Inc. (PPG - Free Report) delivered adjusted earnings of $1.83 per share in the first quarter of 2026, up 6.4% year over year and in line with the Zacks Consensus Estimate.
Revenues came in at $3.93 billion, up 6.7% from the year-ago quarter and ahead of the consensus mark of $3.84 billion by 2.4%.
Results benefited from higher selling prices and a sizable foreign currency translation lift, while organic sales increased 1% year over year. The company is witnessing rising costs of raw materials, energy, logistics and packaging across the coatings value chain, making incremental selling price realization a priority as it works to offset rising input costs more quickly than in prior inflation cycles. The company also pointed to global sourcing flexibility and cost reduction efforts, including technology and AI-enabled optimization, as levers to help protect price-cost recovery.
PPG’s Segment ReviewGlobal Architectural Coatings’ net sales increased 12.6% year over year to $965 million. The figure beat our estimate of $885 million. Segment EBITDA margin expanded to 19.1% from 16.8%, reflecting higher selling prices and cost-control actions.
Management cited strength in Latin America and the Asia Pacific, led by Mexico. Retail sales were especially strong, and project-related sales continued to recover, while architectural coatings demand in EMEA remained mixed by country.
Performance Coatings sales rose 5.5% year over year to $1,334 million. The figure topped our estimate of $1,265 million. Segment EBITDA margin edged up to 24.4% from 24.3%, supported by higher selling prices, currency benefits and contributions from acquisitions.
Within the segment, aerospace delivered an exceptional performance with double-digit organic sales growth and ended the quarter with an order backlog of about $315 million. Protective and marine coatings also advanced, including continued above-market marine volume growth in the Asia Pacific, while automotive refinish declined sharply due to a difficult comparison tied to distributor ordering patterns in the first half of 2025.
Industrial Coatings net sales increased 4.4% year over year to $1,631 million, driven primarily by foreign currency translation. The figure beat our estimate of $1,554 million. Segment EBITDA margin declined to 15% from 16.8% as regional mix and lower selling prices weighed on profitability.
Organic sales in the segment were flat, with a 1% volume gain from share wins offset by lower pricing in certain index-based customer contracts. Packaging coatings stood out, with double-digit organic sales growth and volumes up more than 20% on a two-year stacked basis as customers adopted PPG’s technologies.
PPG's FinancialsAt the quarter end, PPG had cash and cash equivalents totaling $1,573 million. Long-term debt was $6,407 million, up $833 million from the first quarter of 2025.
Cash from operating activities was $33 million, about $50 million higher year over year. Capital deployment remained shareholder-focused, with share repurchases totaling about $100 million in the quarter.
PPG Outlook ReaffirmedPPG expects second-quarter organic sales and adjusted earnings per share to range from flat to low single-digit growth year over year. Management reaffirmed its full-year 2026 adjusted earnings guidance range of $7.70 to $8.10 per share.
The outlook assumes continued momentum from share gains and self-help actions, alongside an updated view of global economic activity, foreign exchange rates and regional mix. Management highlighted growth opportunities in aerospace, architectural coatings in Latin America, protective and marine coatings and packaging coatings, while anticipating an improvement in automotive refinish in the back half of the year, tied to customer order phasing.
For the rest of 2026, the company expects mid-single-digit cost of goods sold inflation, translating to an estimated $240 million to $300 million incremental EBITDA headwind. To counter that pressure, management expects pricing to contribute $230 million to $270 million of incremental EBITDA in 2026.
PPG’s Price PerformanceShares of PPG have lost 1% in the past year compared with the industry’s 8.6% rise.
Image Source: Zacks Investment Research
PPG’s Zacks Rank & Key PicksPPG currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the basic materials space are CF Industries Holdings, Inc. (CF - Free Report) , Compass Minerals International, Inc. (CMP - Free Report) and Air Products and Chemicals, Inc. (APD - Free Report) .
CF Industries is slated to report first-quarter 2026 results on May 6. The Zacks Consensus Estimate for earnings is pegged at $2.35 per share, indicating 27.03% year-over-year growth. CF sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Compass Mineral is slated to report second-quarter fiscal 2026 results on May 6. The consensus estimate for CMP’s earnings per share is pegged at 66 cents. CMP presently carries a Zacks Rank #1.
Air Products is scheduled to report second-quarter fiscal 2026 results on April 30. The Zacks Consensus Estimate for APD’s second-quarter earnings per share is pegged at $3.05, indicating 13.38% year-over-year growth. APD carries a Zacks Rank #2 (Buy) at present.
PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE:PPG) today announced that its Information Technology (IT) team has received the ‘Tech Team of the Year’ award from the Pittsburgh Technology Council. PPG was selected among five finalists in recognition of its landmark cloud-only IT transformation.
The initiative allowed the company to close eight global company data centers and migrate or retire more than 5,000 workloads, delivering over $4 million in annual savings, lowering environmental impact and accelerating business agility. Through the system’s features, the team increased developer speed and efficiency by up to 80% while strengthening security, compliance and cost transparency.
“Operating as a product-centric organization, our Cloud Platforms and Solutions team empowers PPG’s global businesses to innovate faster, scale responsibly and confidently harness modern cloud and AI technologies,” said Bhaskar Ramachandran, PPG vice president and chief information officer. “Through these efforts and others, we’re positioning PPG as a first-choice coatings partner for its stakeholders globally.”
To learn more about PPG’s IT efforts, visit PPG.com.
PPG: WE PROTECT AND BEAUTIFY THE WORLD®
At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and specialty products that our customers have trusted for more than 140 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 50 countries and reported net sales of $15.9 billion in 2025. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.
The PPG Logo and We protect and beautify the world are registered trademarks of PPG Industries Ohio, Inc.
Tracking the trading activity of members of Congress can reveal unusual timed purchases based on congressional committees and world events. For one member of Congress, tracking reveals a preference to invest in the same stocks over and over again using the dividend reinvestment method.
• Coca-Cola stock is showing upward bias. What’s the outlook for KO shares?
Rep. Lloyd Doggett (D-Texas) disclosed buying shares of six stocks this year, as tracked by the Benzinga Government Trades page.
Those six stocks are all ones he's purchased before, with the filings listing the trades as part of dividend reinvestment plans.
This means that Doggett reinvests the quarterly dividends in the stocks to buy more shares of the company.
Here are the six stocks bought by Doggett in 2026 and their current dividend yields:
Five of the six stocks bought by Doggett are members of the Dow Jones Industrial Average, with PPG Industries the lone stock not included. The index is well-known for tracking blue-chip stocks, with many paying out strong dividend yields.
Dividend reinvesting is a strategy used by some investors to grow their own portfolio and yields over time. The more shares that are acquired of each dividend paying stock, the more the dividend payout goes up as long as the stock keeps paying out dividends.
Many of the names above from Doggett have a history of increasing their dividend payouts each year as well, growing the dividend payments even more.
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PPG Industries continues to struggle, with shares stagnant near decade-old levels and no clear growth catalysts on the horizon. Recent Q1 results showed modest organic revenue growth of 1%, driven mainly by pricing, with volume softness and margin pressure persisting. Management maintains full-year adjusted earnings guidance at $7.90 per share, supported by proactive price increases and a resilient dividend yield near 2.8%.
PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE:PPG) today released its 2025 Sustainability Report, showing further progress toward the company’s 2030 sustainability targets. Highlights include strong growth in sales from sustainably advantaged products driven by customer demand, as well as reductions in greenhouse gas (GHG) emissions across operations and the value chain, and investments in innovation, culture and communities.
“Sustainability is a core element of our enterprise growth strategy and a critical driver of customer productivity,” said Peter Votruba-Drzal, PPG vice president, global sustainability. “By embedding sustainability into how we innovate and operate, we are delivering measurable value for our customers through high-performing, efficient solutions while strengthening our competitive position and advancing progress toward our 2030 commitments.”
Guided by its validated science-based targets, PPG has made progress in decarbonizing its operations and value chain while expanding its portfolio of sustainably advantaged products that help customers reduce energy use, emissions, water consumption and waste.
Highlights in PPG’s 2025 Sustainability Report include:
43% of sales from sustainably advantaged products, reflecting strong customer demand for solutions that improve productivity and deliver measurable environmental benefits. Examples include advanced powder and electrocoat technologies that help customers lower energy use and emissions. 25% reduction in GHG emissions from PPG’s own operations (scope 1 and 2) compared to the 2019 baseline, driven by energy efficiency improvements, renewable electricity sourcing and process optimization. 5% reduction in value chain (scope 3) GHG emissions across purchased goods and services, customer processing of sold products and end-of-life treatment, supported by increased supplier engagement and expanded data-quality initiatives. 29% reduction in water intensity at priority sites in water-stressed areas, surpassing PPG’s 2030 target for water stewardship. 100% of key suppliers assessed against sustainability and social responsibility criteria, reinforcing PPG’s commitment to responsible sourcing and human rights across its supply chain. $18.1 million invested in communities in 2025. $15 million commitment to extend PPG’s COLORFUL COMMUNITIES® program through 2035 and support the next decade of community revitalization projects. The report also highlights progress in innovation, including the expanded use of digital tools and AI to accelerate product development and reduce lifecycle impacts, as well as its focus on employee safety, engagement and culture.
PPG’s 2025 Sustainability Report is available at ppg.com/sustainability.
PPG: WE PROTECT AND BEAUTIFY THE WORLD®
At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and specialty products that our customers have trusted for more than 140 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 50 countries and reported net sales of $15.9 billion in 2025. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.
Colorful Communities, the PPG Logo and We protect and beautify the world are registered trademarks of PPG Industries Ohio, Inc.
Key Takeaways PPG introduced SEM products in Mexico for automotive refinish and repair applications.SEM products include abrasives, masking tapes, detailing solutions and aerosol repair systems.PPG will offer SEM products in Mexico through distributors and Comex stores in major cities. PPG Industries, Inc. (PPG - Free Report) recently introduced its SEM brand in Mexico’s automotive repair industry, expanding its offerings for the automotive refinish industry with more than 70 years of industry experience. The SEM brand is widely recognized in the United States and Australia for its abrasives, detailing products, masking solutions, and aerosol repair systems. The brand focuses on helping painters, detailers, and automotive specialists achieve professional-grade finishes while reducing material waste.
As surface preparation accounts for nearly 60% of a refinish job, product performance becomes crucial to achieving strong adhesion, color matching, and high-quality final finishes. The SEM portfolio in Mexico includes high and mid-performance abrasives, detailing solutions, high-performance masking tapes, and custom aerosol systems for fast touch-up repairs.
The launch strengthens PPG’s position in the automotive repair market by offering more comprehensive solutions beyond coatings. In the Mexican market, nearly 45,000 automotive painters work under pressure to deliver high-quality finishes, citing an opportunity for PPG products to deliver performance and customer satisfaction.
The products will be key to providing more comprehensive solutions for body shops, improving efficiency, consistency and overall performance. SEM products will be available during the first half of 2026 through PPG-authorized distributors and Comex stores in major Mexican cities, including Mexico City, Guadalajara, Monterrey, Puebla, León and Tijuana.
PPG stock has lost 6.2% over the past year against the industry’s 1.2% growth.
Image Source: Zacks Investment Research
PPG’s Zacks Rank & Key PicksPPG currently carries a Zacks Rank #3 (Hold) at present.
Some better-ranked stocks in the Basic Materials space are CF Industries Holdings, Inc. (CF - Free Report) , Albemarle Corporation (ALB - Free Report) and Balchem Corporation (BCPC - Free Report) .
While CF and ALB sport a Zacks Rank #1 (Strong Buy) each at present, BCPC carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for CF’s 2026 earnings is pegged at $15.67 per share, indicating a rise of 67.24% year over year. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 11.42%. CF’s shares have soared 38.7% over the past year.
The Zacks Consensus Estimate for ALB’s 2026 earnings is pinned at $12.45 per share, indicating a 1,675.95% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, while missing it in one, with an average surprise of 74.5%. ALB’s shares have jumped 193.8% over the past year.
The Zacks Consensus Estimate for BCPC’s 2026 earnings is pinned at $5.70 per share, indicating a 10.68% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in three of the four trailing quarters, while missing it in one.
Key Takeaways PPG launched Selemix 7-140 topcoat for heavy industrial uses across the EMEA region. PPG said the coating resists UV, chemicals, abrasion and salt spray in harsh conditions. PPG noted the system can achieve C5M certification for high corrosion protection. PPG Industries (PPG - Free Report) has launched the new PPG Selemix 7-140 2K acrylic high-solids topcoat, expanding its industrial coatings portfolio to address rising demand for durable, high-performance finishes across heavy industrial applications in the EMEA region.
The new topcoat is designed for agricultural equipment, construction machinery, commercial vehicles and industrial components exposed to harsh operating conditions. PPG said the topcoat delivers excellent resistance to humidity, UV exposure, chemicals, abrasion and salt spray while maintaining a smooth, high-gloss finish.
A key advantage of the Selemix 7-140 topcoat is its flexibility in application. The product is compatible with conventional spray guns, air-assisted airless systems and electrostatic spray equipment, helping manufacturers improve efficiency across different production environments. The coating also offers strong sag resistance for a more consistent finish on complex surfaces.
PPG noted that when the topcoat is used with Selemix epoxy and polyurethane primers, the system achieves up to C5M certification under ISO 12944-6, indicating a high level of corrosion protection in aggressive industrial and marine environments.
Per PPG, the launch highlights the company’s focus on providing coating solutions that combine durability, appearance and operational efficiency for industrial customers.
Shares of PPG are down 3.1% in the past year compared with the industry’s 2.7% growth.
Image Source: Zacks Investment Research
PPG Zacks Rank & Key PicksPPG currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Basic Materials space are Nucor Corporation (NUE - Free Report) , L.B. Foster Company (FSTR - Free Report) and Albemarle Corporation (ALB - Free Report) . NUE, FSTR and ALB sport a Zacks Rank of #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for NUE’s current-year earnings stands at $14.58 per share, implying a 89.1% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in two of the trailing four quarters and missed twice, with the average surprise being 8.1%.
The Zacks Consensus Estimate for FSTR’s current-year earnings is pegged at $1.74 per share, implying a 152.2% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in one of the trailing four quarters and missed thrice, with the average surprise being 3.62%.
The Zacks Consensus Estimate for ALB’s current-year earnings is pegged at $12.45 per share, indicating a 1,675.9% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, with the average surprise being 74.5%.
It has been about a month since the last earnings report for PPG Industries (PPG - Free Report) . Shares have added about 7.8% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is PPG Industries due for a pullback? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent catalysts for PPG Industries, Inc. before we dive into how investors and analysts have reacted as of late.
PPG’s Q1 Earnings Meet Estimates, Revenues Beat on Currency GainsPPG Industries delivered adjusted earnings of $1.83 per share in the first quarter of 2026, up 6.4% year over year and in line with the Zacks Consensus Estimate.
Revenues came in at $3.93 billion, up 6.7% from the year-ago quarter and ahead of the consensus mark of $3.84 billion by 2.4%.
Results benefited from higher selling prices and a sizable foreign currency translation lift, while organic sales increased 1% year over year. The company is witnessing rising costs of raw materials, energy, logistics and packaging across the coatings value chain, making incremental selling price realization a priority as it works to offset rising input costs more quickly than in prior inflation cycles. The company also pointed to global sourcing flexibility and cost reduction efforts, including technology and AI-enabled optimization, as levers to help protect price-cost recovery.
Segment ReviewGlobal Architectural Coatings’ net sales increased 12.6% year over year to $965 million. The figure beat our estimate of $885 million. Segment EBITDA margin expanded to 19.1% from 16.8%, reflecting higher selling prices and cost-control actions.
Management cited strength in Latin America and the Asia Pacific, led by Mexico. Retail sales were especially strong, and project-related sales continued to recover, while architectural coatings demand in EMEA remained mixed by country.
Performance Coatings sales rose 5.5% year over year to $1.33 billion. The figure topped our estimate of $1.27 billion. Segment EBITDA margin edged up to 24.4% from 24.3%, supported by higher selling prices, currency benefits and contributions from acquisitions.
Within the segment, aerospace delivered an exceptional performance with double-digit organic sales growth and ended the quarter with an order backlog of about $315 million. Protective and marine coatings also advanced, including continued above-market marine volume growth in the Asia Pacific, while automotive refinish declined sharply due to a difficult comparison tied to distributor ordering patterns in the first half of 2025.
Industrial Coatings' net sales increased 4.4% year over year to $1.63 billion, driven primarily by foreign currency translation. The figure beat our estimate of $1.55 billion. Segment EBITDA margin declined to 15% from 16.8% as regional mix and lower selling prices weighed on profitability.
Organic sales in the segment were flat, with a 1% volume gain from share wins offset by lower pricing in certain index-based customer contracts. Packaging coatings stood out, with double-digit organic sales growth and volumes up more than 20% on a two-year stacked basis as customers adopted PPG’s technologies.
FinancialsAt the quarter's end, PPG had cash and cash equivalents totaling roughly $1.57 billion. Long-term debt was roughly $6.4 billion, up $833 million from the first quarter of 2025.
Cash from operating activities was $33 million, about $50 million higher year over year. Capital deployment remained shareholder-focused, with share repurchases totaling about $100 million in the quarter.
OutlookPPG expects second-quarter organic sales and adjusted earnings per share to range from flat to low single-digit growth year over year. Management reaffirmed its full-year 2026 adjusted earnings guidance range of $7.70 to $8.10 per share.
The outlook assumes continued momentum from share gains and self-help actions, alongside an updated view of global economic activity, foreign exchange rates and regional mix. Management highlighted growth opportunities in aerospace, architectural coatings in Latin America, protective and marine coatings and packaging coatings, while anticipating an improvement in automotive refinish in the back half of the year, tied to customer order phasing.
For the rest of 2026, the company expects mid-single-digit cost of goods sold inflation, translating to an estimated $240 million to $300 million incremental EBITDA headwind. To counter that pressure, management expects pricing to contribute $230 million to $270 million of incremental EBITDA in 2026.
How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a flat trend in fresh estimates.
VGM ScoresAt this time, PPG Industries has a average Growth Score of C, though it is lagging a lot on the Momentum Score front with an F. However, the stock was allocated a score of B on the value side, putting it in the second quintile for value investors.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook PPG Industries has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE: PPG) today announced the publication of a white paper, Electrostatic Application of Marine Hull Coatings, detailing how this advanced application technology can help ship owners and operators improve efficiency and reduce environmental impact.
Electrostatic application is just one piece of the puzzle. Combined with advanced hull coating performance, it contributes to a more effective sustainability solution.
Share Electrostatic application works by negatively charging paint particles at the spray gun nozzle while the substrate is grounded, causing the coating to be attracted to the surface like a magnet. Compared with traditional spraying, the process improves transfer efficiency and reduces overspray, resulting in a more uniform coating application. In one case study, the EDR Antwerp shipyard reported a 40% reduction in overspray.
“Electrostatic application is a breakthrough process innovation that, combined with our chemistry innovation, delivers improved productivity and sustainability for our shipyard customers,” said Jan Willem Tegelaar, PPG global platform director, marine coatings. “It has already revolutionized the automotive and aerospace industries; building on this cross-industry expertise, we have adapted the technology and developed compatible fouling control coatings to save time and reduce waste without disrupting existing workflows for marine vessels.”
The process supports reduced waste and Scope 3 carbon lifecycle savings compared to traditional application methods, as significant reduction in paint consumption means fewer raw materials need to be extracted, manufactured or transported. These reductions are in addition to the operational carbon savings achieved by vessels coated with low-friction solutions, which can help ship owners reduce Scope 1 emissions.
“Electrostatic application is just one piece of the puzzle. Combined with advanced hull coating performance, it contributes to a more effective sustainability solution,” said Joanna van Helmond, PPG product development director, marine fouling control, Protective and Marine Coatings. “Friction caused by biofouling can account for 50% of a ship’s total drag1, leading to higher fuel consumption. By applying solutions such as PPG SIGMAGLIDE® 2390 coating electrostatically, we can create a smoother, glossier film that reduces hydrodynamic resistance. This in turn leads to lower fuel consumption and greenhouse gas (GHG) emissions.”
Topics covered in the white paper include:
The history of electrostatic spray technology and how it works. Operational advantages of electrostatic application for shipyards and owners. The role of hull coatings in supporting the International Maritime Organization (IMO) decarbonization goals and improving vessel efficiency. In addition, PPG will present its 360 degree approach to marine coatings, including low-friction hull coatings, electrostatic application and digital tools, at the Posidonia International Shipping Exhibition (Stand 3.104) under the theme Reach New Horizons of Sustainability and Performance.
The white paper is available for download here. To learn more about PPG’s Protective and Marine Coatings business, visit ppg.com/pmc.
1) Youngrong Kim, Refik Ozyurt, Underestimated penalty of hull fouling: A scenario-based analysis of GHG emissions from global shipping, Applied Ocean Research, Volume 165, 2025, https://doi.org/10.1016/j.apor.2025.104870.
PPG: WE PROTECT AND BEAUTIFY THE WORLD®
At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and specialty products that our customers have trusted for more than 140 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 50 countries and reported net sales of $15.9 billion in 2025. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.
The PPG Logo and We Protect and Beautify the World are registered trademarks of PPG Industries Ohio, Inc.
Sigmaglide is a registered trademark of PPG Coatings Nederland B.V.
PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE: PPG) today announced that Alisha Bellezza, PPG senior vice president, Automotive and Packaging Coatings, was recognized as a finalist for Leader of the Year by the Women Automotive Network, recognizing her leadership and impact across the global automotive industry.
The Women Automotive Network’s annual awards, held last week at the organization’s annual Women Automotive Summit Detroit, celebrate individuals driving progress, advancing innovation and championing inclusion across the automotive sector. Bellezza was selected as a finalist due to her leadership in guiding PPG’s automotive business through a period of rapid transformation while maintaining a strong focus on customers, innovation and people.
“Being named a finalist reflects the talent and commitment of our global teams and the culture PPG leaders have cultivated within our organization,” said Bellezza. “It was inspiring to be among so many leaders at the summit, including women who are leading and shaping the future of major automotive companies. The automotive industry is evolving quickly, and I am proud to work alongside PPG colleagues who are helping our customers navigate change, drive innovation and deliver on our purpose – We protect and beautify the world – every day.”
Bellezza has served in her current role since joining PPG in 2023 and is a member of the company’s operating committee. Before joining PPG, Bellezza served as president, thermal and specialized solutions at Chemours and held multiple leadership roles across sales, operations and finance. She also held positions at FMC Corp. and in finance and banking earlier in her career.
The Women Automotive Network awards program brings together industry leaders from around the world and recognizes individuals and organizations making a measurable impact across the automotive value chain.
PPG: WE PROTECT AND BEAUTIFY THE WORLD®
At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and specialty products that our customers have trusted for more than 140 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we market and sell in more than 50 countries and reported net sales of $15.9 billion in 2025. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.
The PPG Logo and We protect and beautify the world are registered trademarks of PPG Industries Ohio, Inc.
PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE:PPG) today announced the appointment of John Smith to vice president, architectural coatings, EMEA, effective July 1, 2026. He will report to Henrik Bergström, senior vice president, global architectural coatings. Smith will succeed Steve Pocock, who has announced his decision to retire effective June 30, 2026.
“With more than 25 years of international leadership experience, John brings a strong track record of driving profitable growth across consumer and B2B organizations,” said Bergström. “His deep commercial expertise, global mindset and passion for developing high-performing teams positions him well to lead our architectural coatings EMEA business into its next phase of growth.”
Most recently, Smith served as executive vice president and general manager at Signify, where he led the global connected lighting business and had responsibility across strategy, innovation, marketing, sales and operations. Prior to this role, he held senior leadership positions at Philips, where he led global and regional businesses across the consumer health, grooming and home care categories.
Pocock joined Sigma Kalon in early 2000, which was later acquired by PPG, as a national accounts controller. He progressed through a number of commercial roles of increasing responsibility before his appointment as general manager, architectural coatings, UK and Ireland, in 2010. Pocock was then appointed general manager, architectural coatings, EMEA north and China, before being named vice president, architectural coatings in 2019. He was then named to his most recent role leading the region’s architectural coatings commercial organization in 2024.
“Throughout his career, Steve has been deeply committed to building strong, high-performing and engaged teams,” said Bergström. “His relentless energy, enthusiasm and determination to win have delivered record levels of growth. He has also developed and mentored countless colleagues, leaving a lasting legacy across the organization. His presence, support and leadership will be greatly missed by all who have had the privilege of working with him.”
PPG: WE PROTECT AND BEAUTIFY THE WORLD®
At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and specialty products that our customers have trusted for more than 140 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 50 countries and reported net sales of $15.9 billion in 2025. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.
The PPG Logo and We protect and beautify the world are registered trademarks of PPG Industries Ohio, Inc.
PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE:PPG) today announced that it recently hosted a deep dive into its Aerospace business for the analyst community, showcasing how innovation is fueling growth. The session spotlighted the Aerospace business’ nearly 100-year legacy of becoming an industry leader in transparencies, coatings and sealants for commercial aviation, military and general aviation customers worldwide.
Key takeaways from the event included:
Differentiated customer value: Providing a broad range of qualified and highly specialized products and services. Innovation as a strategic advantage: Delivering technology-advantaged solutions both inside the can through advanced chemistries, and outside the can, that transform how customers use and apply PPG products in their operations. Long-term growth: Investing strategically in innovation and capacity expansion to capture strong, multi-year aerospace industry demand. Innovations highlighted at the event included:
PPG PRC® Seal Caps, an exceptional quality sealant solution that provides significant productivity and efficiency gains for aircraft manufacturers. PPG ARETM 3D Printed Sealants, an innovative 3D printing technology for applications where efficiency, precision and reduced waste are a top priority. PPG AEROCRON® Electrocoat Primer, an innovative chrome-free electrocoat primer specifically designed for the aerospace industry. “Our Aerospace deep dive was a tremendous opportunity to highlight the business that is powering PPG's organic growth,” said Sam Millikin, PPG senior vice president, Global Aerospace. “We were thrilled to share with our analyst community the strategy, technology offerings, and customer solutions that make PPG’s Aerospace business unique.”
The presentation from the event can be found in the events section on the PPG Investor Center at www.ppg.com.
PPG: WE PROTECT AND BEAUTIFY THE WORLD®
At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and specialty products that our customers have trusted for more than 140 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we market and sell in more than 50 countries and reported net sales of $15.9 billion in 2025. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.
ARE is a trademark and PPG Logo and We protect and beautify the world are registered trademarks of PPG Industries Ohio, Inc. PRC and Aerocron are registered trademarks of PRC-DeSoto International, Inc.
Key Takeaways PPG showcased innovation-led growth in its 100-year Aerospace business.PPG highlighted a differentiated value proposition with specialized, qualified products for aviation.PPG showcased Seal Caps, ARE 3D Printed Sealants and AEROCRON electrocoat primer to boost efficiency. PPG Industries, Inc. (PPG - Free Report) recently hosted an in-depth session for the analyst community, showcasing how innovation is driving growth across its Aerospace business. The event highlighted the segment’s 100-year legacy as a leader in transparencies, coatings, and sealants for commercial aviation, military, and general aviation customers.
During the presentation, PPG emphasized its differentiated customer value proposition built on a broad range of highly specialized and qualified products and services. It also underscored innovation as its key strategic advantage that enhances product performance and improves operations. PPG’s long-term growth through strategic investments in innovation and capacity expansion was also highlighted.
Several technologies were featured during the event, including PPG PRC Seal Caps, a sealant solution designed to improve productivity and efficiency for aircraft manufacturers. The company also showcased PPG ARE 3D Printed Sealants, a technology that delivers higher precision, efficiency, and reduced waste. In addition, PPG highlighted PPG AEROCRON Electrocoat Primer, a chrome-free coating solution developed specifically for the aerospace industry.
The PPG Aerospace segment was presented as a business powered through organic growth and innovative technology offerings and customer solutions, making it a unique selection amongst the analyst community.
PPG has gained 3% over the past year compared with the industry’s 0.7% decline.
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PPG expects second-quarter organic sales and adjusted earnings per share to range from flat to low single-digit growth year over year. Management reaffirmed its full-year 2026 adjusted earnings guidance range of $7.70 to $8.10 per share.
The outlook assumes continued momentum from share gains and self-help actions, alongside an updated view of global economic activity, foreign exchange rates and regional mix. Management highlighted growth opportunities in aerospace, architectural coatings in Latin America, protective and marine coatings and packaging coatings, while anticipating an improvement in automotive refinish in the back half of the year, tied to customer order phasing.
PPG’s Zacks Rank & Key PicksPPG currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Basic Materials space are CF Industries Holdings, Inc. (CF - Free Report) , Albemarle Corporation (ALB - Free Report) and Avino Silver & Gold Mines Ltd. (ASM - Free Report) .
While ALB sports a Zacks Rank #1 (Strong Buy) at present, CF and ASM carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for CF’s 2026 earnings is pegged at $17.16 per share, indicating a rise of 83.14% year over year. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 11.42%. CF’s shares have soared 14% over the past year.
The Zacks Consensus Estimate for ALB’s 2026 earnings is pinned at $12.39 per share, indicating a 1,668.35% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, with an average surprise of 74.5%. ALB’s shares have jumped 134.0038% over the past year.
The Zacks Consensus Estimate for ASM’s current fiscal-year earnings is pinned at 39 cents per share, indicating a 34.48% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 125%.
