Paint supplier PPG Industries misses quarterly profit on rising costs

Sherwin-Williams

28/07/2026 23:14

July 28 (Reuters) - Global paint supplier PPG Industries PPG.N fell short of Wall Street expectations for second-quarter profit on Tuesday, weighed down by rising cost for raw materials, energy, logistics and packaging across the coatings value chain.
The U.S.-Israeli war with Iran has led to rising costs for raw materials and logistics, prompting paintmakers such as PPG to increase product prices.
Here are more details:
Shares of PPG fell 3.6% in extended trading.
PPG posted an adjusted profit of $2.23 per share for the three months ended June 30, compared with analysts' expectations of $2.26, according to data compiled by LSEG.
The company reaffirmed its 2026 adjusted profit per share at $7.70 to $8.10, while analysts estimated $7.90.
Peer Sherwin-Williams SHW.N said earlier in the day it would increase prices at its Paint Stores Group segment by 8% to offset higher raw material and related costs. PPG had announced similar pricing actions in early April.
PPG posted revenue of $4.5 billion, supported by higher sales volumes and higher selling prices.
"The company has proactively made price adjustments globally and across all of our businesses, resulting in a 2% selling price improvement in the quarter," CEO Tim Knavish said.

 (Reporting by Akshaya V in Bengaluru; Editing by Sriraj Kalluvila and Shilpi Majumdar)
 ((AkshayaV@thomsonreuters.com;))