With Q2 guidance flat to low single-digit growth and raw material inflation risks, the stock may trade sideways. Monitor the April 29 conference call for pricing power updates and segment demand trends, especially in Industrial Coatings.
Price Chart
Executive Summary
PPG reported Q1 2026 adjusted EPS of $1.83, in line with consensus, and net sales of $3.93B (+7% YoY). Full-year EPS guidance was reaffirmed at $7.70-$8.10, while Q2 guidance calls for flat to low single-digit growth. Results were solid but lacked a catalyst for major upside.
Key Financial Metrics
Key Facts
- Net sales $3.93B, up 7% YoY (organic +1%, FX +6%)
- Adjusted EPS $1.83, up 6% YoY, in line with $1.83 consensus
- GAAP EPS $1.70, up 4% YoY
- Full-year 2026 EPS guidance maintained at $7.70-$8.10
- Q2 outlook: organic sales and adjusted EPS flat to low single-digit growth
- Segment EBITDA margin 19.2% vs 19.4% a year ago
- Industrial Coatings segment income fell 10% YoY on regional mix
- Share repurchases totaled ~$100 million in the quarter
- Operating cash flow $33M vs -$16M a year ago
Financial Impact
Adjusted EPS in line with consensus; no guidance revision; revenue slightly above undisclosed consensus.
Risk Factors
- Rising raw material, energy, and logistics costs pressuring margins
- Soft demand in industrial coatings and automotive refinish
- China automotive production decline affecting Industrial Coatings segment
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000079879-26-000167 |
| Document: ppg-20260428.htm | 0000079879-26-000167 |
| Document: 0000079879-26-000167-index-headers.html | 0000079879-26-000167 |
| Document: 0000079879-26-000167-index.html | 0000079879-26-000167 |
| Document: 0000079879-26-000167.txt | 0000079879-26-000167 |
| 8-K Data (Synthetic) | 0000079879-26-000167 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 22, 2026 14w ago | Court Ruling | $118.92 $104.89 | ▼ −11.80% | ▼ −13.54% | $105.58 (−11.22%) |
Apr 28, 2026 22w ago | 8-K | $104.32 $113.75 | ▲ +9.04% | ▲ +5.31% | $105.58 (+1.21%) |
Apr 15, 2026 24w ago | 8-K | $112.07 $116.76 | ▲ +4.19% | ▼ −3.41% | $105.58 (−5.79%) |
Mar 16, 2026 28w ago | DEFA14A | $102.78 $112.88 | ▲ +9.83% | ▼ −0.66% | $105.58 (+2.72%) |
US Market Status
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