PPG Q1 adjusted EPS beats, partly on strength in aerospace business

PPG Industries

15/04/2026 21:21

Overview

U.S. paints and coatings maker's preliminary Q1 adjusted EPS rose 6%, beating analyst expectations

Company delivered fifth straight quarter of organic sales growth, with positive pricing and flat volumes

PPG expects Q2 organic sales and adjusted EPS to be flat to up low single digits yr/yr

Outlook

PPG expects Q2 organic sales growth to be flat to low single-digit percentage versus prior year

Company sees Q2 adjusted EPS growth in flat to low single-digit percentage range year over year

Result Drivers

LATIN AMERICA AND AEROSPACE - Co cited strong performance in architectural coatings Latin America and aerospace businesses as key drivers

SELF-HELP ACTIONS - Execution of self-help actions contributed to higher segment EBITDA margin, per CEO Tim Knavish

Company press release: ID:nBw2sJ3BXa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
Beat
$1.83
$1.71 (19 Analysts)
Q1 EPS
$1.70


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 15 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the commodity chemicals peer group is "buy"

Wall Street's median 12-month price target for PPG Industries Inc is $123.44, about 11.7% above its April 14 closing price of $110.54

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)