PPG · PPG Industries, Inc.

PPG Industries reported strong first quarter 2026 results, with adjusted diluted earnings per share of $1.83, marking a 6% increase compared to the first quarter of 2025. GAAP diluted EPS for the quarter was $1.70. The performance was driven by the company's fifth consecutive quarter of organic sales growth, characterized by positive selling prices and flat sales volumes. Management highlighted that strong execution in the differentiated architectural coatings Latin America and aerospace businesses, combined with self-help actions, resulted in segment EBITDA margins exceeding original expectations. Reconciliation details disclosed acquisition-related amortization expense of $0.09 per share, business restructuring-related costs of $0.02 per share, and a $0.02 per share charge for portfolio optimization, which included a $6 million charge related to the step-up of acquired inventory. Looking forward, PPG provided guidance for the second quarter of 2026, expecting both organic sales and adjusted earnings per share to be in the range of flat to low single-digit percentage growth compared to the prior year period. The company plans to release detailed financial results on April 28, 2026, followed by an earnings teleconference on April 29, 2026.