PPG Q1 revenue rises 7%, beats analyst estimates

PPG Industries

28/04/2026 21:38

Overview

Paints and coatings maker's Q1 revenue rose 7%, beating analyst expectations

Adjusted EPS for Q1 increased 6% but adjusted net income missed consensus

Company repurchased about $100 mln in shares and reaffirmed full-year EPS guidance

Outlook

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

PPG maintains full-year 2026 adjusted EPS guidance of $7.70 to $8.10

Result Drivers

SELLING PRICE INCREASES - Higher selling prices contributed to organic sales growth and helped offset inflationary pressures

LATIN AMERICA STRENGTH - Strong growth in architectural coatings in Latin America supported segment sales and margin improvement

AEROSPACE AND PROTECTIVE COATINGS DEMAND - Robust demand in aerospace and protective and marine coatings drove Performance Coatings segment growth

Company press release: ID:nBw16qnfYa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$3.93 bln
$3.85 bln (17 Analysts)
Q1 Adjusted Net Income
Miss
$411 mln
$511.34 mln (11 Analysts)
Q1 Net Income
$382 mln


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 11.9% above its April 27 closing price of $110.30

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.)