PPG Uses Pricing to Offset Material Cost Pressures
Image courtesy of PPG.
PPG Industries, Inc. reported first-quarter 2026 net sales of $3.93 billion, an increase of 7% compared to the prior-year period, supported by higher selling prices and favorable foreign currency translation.
Net income increased to $382 million, while adjusted net income reached $411 million. Earnings per share rose to $1.70, with adjusted earnings per share of $1.83, up 6% year over year.
“PPG delivered organic sales growth of 1%, demonstrating our ability to maintain growth momentum in a challenging environment,” said Tim Knavish, chairman and CEO.
Segment performance reflected varied demand conditions. Global Architectural Coatings net sales increased 13%, driven by growth in Latin America and higher selling prices. Performance Coatings net sales rose 5%, supported by demand in aerospace and protective and marine coatings. Industrial Coatings net sales increased 4%, although margins declined due to regional mix and lower selling prices tied to index-based contracts.
The company noted rising costs across raw materials, energy, logistics and packaging and said it has implemented price increases globally to offset inflationary pressures.
PPG expects second-quarter organic sales and adjusted earnings per share to range from flat to low single-digit growth and reaffirmed its full-year 2026 earnings per share guidance of $7.70 to $8.10.
You can access the full results here.
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