From The Motley Fool · Motley Fool Transcribing · · 1m 40s
PPG Q3 2026 Earnings Beat
PPG reports record Q3 earnings with 7% sales growth and 24% architectural margins.
In brief
PPG reports record Q3 earnings with 7% sales growth and 24% architectural margins. PPG achieved record adjusted EPS of $2.25 with 7% year-over-year sales growth and 24% architectural EBITDA margin. Originally reported by The Motley Fool.
Q3 Results
Net sales increased 7% year over year to $4,353 million.
Record EPS
Adjusted EPS reached $2.25, a 6% increase from prior year.
Organic Growth
Organic sales grew 5% year over year for seventh consecutive quarter.
Aerospace Performance
Aerospace revenue exceeded $2 billion annually for first time.
Architectural Segment
Global architectural segment sales reached $1,055 million with 4% growth.
Margin Expansion
Architectural EBITDA margin expanded 300 basis points to 24.0%.
Performance Coatings
Performance coatings sales grew 10% year over year with 8% organic growth.
Industrial Coatings
Industrial coatings sales increased 5% with 14.4% EBITDA margin.
Share Repurchases
Company repurchased $150 million of shares during the quarter.
Net Debt
Net debt decreased to $5.2 billion from previous quarter.
Fourth Quarter Outlook
Expected organic sales growth of low-single-digit percentage year over year.
Productivity Targets
$100 million target for productivity and restructuring in 2026 and 2027.
Mexico Peso Benefit
Mexico peso benefit of $15 million to $20 million for margin strength.
U.S. Collision Claims
U.S. collision claims improved from 6% decline to 4% decline.
Net Leverage
Net leverage at 1.8x net debt to adjusted EBITDA.
Data Center Sales
Data center sales tripled since 2025 with increased demand.
What matters most
PPG achieved record adjusted EPS of $2.25 with 7% year-over-year sales growth and 24% architectural EBITDA margin.
