PPG posts record third-quarter EPS and narrows full-year outlook

PPG Industries narrowed its full-year adjusted earnings guidance to $7.90 to $8.10 per share, with a higher midpoint, after reporting record third-quarter earnings per share, according to its earnings release filed with an 8-K.

The paint and coatings maker reported net sales of $4.353 billion, up 7% from $4.082 billion a year earlier. Earnings per share from continuing operations were $2.12, up 8%, and adjusted earnings per share were $2.25, up 6% from $2.13.

Organic growth for a seventh straight quarter

Organic sales, which exclude acquisitions and currency effects, rose 5%, marking the company's seventh consecutive quarter of growth, according to Chairman and Chief Executive Tim Knavish. He said PPG outpaced the industry by 300 basis points and called himself "extremely encouraged" by the results.

Segment performance

The Global Architectural Coatings segment grew organic sales 2% and expanded its EBITDA margin by 300 basis points to 24%, led by Latin America and price increases in all regions, according to the release. The company said its European architectural business is benefiting from productivity improvements and cost actions.

Performance Coatings grew organic sales 8% on higher volumes and prices, with strong demand for aerospace and protective and marine coatings and higher automotive refinish sales. That segment's adjusted EBITDA margin expanded by 220 basis points to 24%.

Why it matters

PPG's coatings go into everything from aircraft to car repairs to home renovations, so its results are a broad read on industrial and consumer demand. Organic growth that outpaced the industry, along with margin gains in both major segments, suggests pricing and cost work are paying off.

The narrower guidance with a higher midpoint signals more confidence in the year's outcome with only one quarter left.

Sources

1. PPG Industries, Inc. Form 8-K with third-quarter 2026 results, filed Oct. 27, 2026 (accession 0000079879-26-000315)

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