PPG Reports Record Third Quarter 2026 Earnings Driven by Aerospace and Organic Growth
PPG reported strong third-quarter 2026 financial results, highlighted by record adjusted earnings per share of $2.25, a 6% increase year-over-year. Net sales rose 7% to $4,353 million, fueled by higher selling prices and organic volume growth. The company's aerospace segment achieved a significant milestone, exceeding $2 billion in annual revenue for the first time, supported by a robust backlog of nearly $300 million. While most segments showed strength—including Performance Coatings with 10% sales growth—the Industrial Coatings segment saw an EBITDA margin contraction due to inflation outpacing index-based pricing. Management raised full-year adjusted EPS guidance to a range of $7.90 to $8.10. Despite positive momentum, leadership expressed caution regarding high-single-digit COGS inflation expected in Q4 and macroeconomic headwinds in China and Europe.
Tickers: $PPG
Topics: adjusted EPS aerospace revenue net sales organic growth segment performance