PPG
FY2026 Q1 · Calendar Q2 2026
PPG Industries, Inc.
PPG delivered first-quarter fiscal 2026 results above consensus, with adjusted EPS of $1.83 (est. $1.78) and revenue of $3.93B (est. $3.85B), extending five consecutive quarters of organic sales growth. Aerospace remains the primary growth engine with a ~$350M backlog and balanced OEM/aftermarket mix. Pricing actions of up to 20% and AI-driven formulation optimization are being deployed to offset mid-single-digit raw-material cost inflation. Management reaffirmed full-year 2026 EPS guidance of $7.70-$8.10 and announced four European plant closures targeting ~$25M in annual fixed-cost savings and $50M in structural benefits. The initial market reaction was negative (-2.8% abnormal move), but the stock subsequently drifted +7.8%, suggesting investors digested the beat and maintained outlook constructively. At $111.75, the stock trades at a ~16% discount to the analyst consensus target…
EPS surprise+2.8%
Market move-2.8%
