PPG lifts revenue via pricing
- PPG reported first-quarter 2026 sales of $3.93 billion and adjusted earnings of $1.83 a share on April 28, beating Wall Street estimates. - Revenue rose 7% from a year earlier, while organic sales increased 1% as higher selling prices and aerospace demand offset weaker China volumes. - PPG kept its 2026 adjusted EPS outlook at $7.70 to $8.10 after the quarter beat. (businesswire.com)
PPG reported higher first-quarter revenue on April 28 after raising prices and selling more aerospace and specialty coatings. (businesswire.com) (reuters.com) The Pittsburgh-based paint and coatings company posted net sales of $3.93 billion for the January-through-March quarter, up 7% from $3.68 billion a year earlier. Adjusted earnings were $1.83 a share, up 6% from $1.72. (businesswire.com) Analysts had expected about $3.85 billion in revenue and $1.71 in adjusted earnings per share, according to LSEG data cited by Reuters. PPG's reported results topped both figures. (reuters.com) The company said organic sales, which strip out currency swings and deal effects, increased 1% year over year. Higher selling prices drove that gain, while total volumes were flat. (businesswire.com) Performance Coatings delivered low-single-digit organic growth, helped by strong demand in aerospace and protective and marine coatings. Global Architectural Coatings also posted low-single-digit organic growth, with Latin America leading and Mexico project sales recovering. (businesswire.com) Industrial Coatings was the weak spot. PPG said share gains in automotive original-equipment-manufacturer coatings and packaging coatings were offset by lower industrial production in the United States and Europe and weaker automotive build rates in China. (businesswire.com) Chief executive Tim Knavish said the company pushed through price increases faster to offset inflation than in prior cycles. PPG reported a 16% segment margin and a 19% segment EBITDA margin in the quarter. (businesswire.com) PPG also reaffirmed its full-year 2026 adjusted earnings outlook of $7.70 to $8.10 a share and repurchased about $100 million of stock in the quarter. The company had said a week earlier that first-quarter earnings would exceed its prior guidance. (businesswire.com) (finance.yahoo.com) The quarter showed where demand is holding up for PPG: aircraft, marine protection and Latin American architectural paint. It also showed where pressure remains, especially in China-linked auto production and industrial demand in the United States and Europe. (businesswire.com)
