PPG Reports Record Earnings and Strong Organic Growth Driven by Aerospace and High-Margin Services
During its third-quarter 2026 earnings call, PPG reported record earnings per share and a 5% increase in organic sales growth. A key driver of this performance was the company's ability to implement pricing actions that fully offset cost inflation within just six months, significantly faster than previous inflationary cycles. This pricing power has allowed the company to maintain operational profit margins above 18%. The company is seeing significant momentum in its aerospace coatings division, which is projected to exceed $2 billion in sales this year supported by a $300 million order backlog. Additionally, PPG's 'outside the can' productivity solutions—specialized software and application support services—are growing three times faster than the rest of the portfolio and now represent a double-digit percentage of total revenue.
Tickers: $PPG
Topics: aerospace coatings earnings report organic sales growth pricing power