$PPG · PPG INDUSTRIES INC

PPG Industries reported Q3 2026 results with net sales of $4.353B (+7% YoY), record Q3 adjusted EPS of $2.25 (+6% YoY), and GAAP EPS of $2.12 (+8% YoY). Organic sales grew 5%, marking the seventh consecutive quarter of organic growth. The company raised its full-year 2026 adjusted EPS guidance midpoint, narrowing the range to $7.90–$8.10. Performance Coatings led with 21% EBITDA growth, while Industrial Coatings saw 11% EBITDA decline on cost inflation.

Extended-hours trading shows PPG at $121.75, up 7.39% vs the regular-session close of $113.37, reflecting strong positive reaction to the record EPS and raised guidance. The $25.20B market-cap company is being repriced sharply higher on the combination of broad-based organic growth and margin expansion.

PPG delivered a clean beat-and-raise quarter with record EPS, broad-based organic growth across all segments, and a guidance hike — driving a 7%+ after-hours surge on a $25B market-cap name.

PPG's 5% organic growth outpaced the industry by 300 basis points, with aerospace and Latin America architectural coatings as standout performers. The raised guidance and seven-quarter organic growth streak contrast with mixed results across the broader coatings and chemicals sector.

Industrial Coatings segment EBITDA declined 11% YoY with margin compression of 260 bps due to cost-of-goods-sold inflation outpacing pricing. Q4 outlook for Industrial Coatings includes expected EBITDA margin compression from lagging index-based pricing. Forward-looking risks include raw material inflation, tariffs, and foreign exchange fluctuations.