PPG Q2 revenue beats estimates on strength in aerospace, Latin America coatings businesses
PPG•Full-year and third-quarter outlook
PPG reaffirmed its full-year 2026 adjusted EPS guidance range of $7.70 to $8.10.
For the third quarter, the company expects organic sales growth in the low to mid-single-digit percentage range and sees adjusted EBITDA margin flat to down 100 basis points year over year.
Price increases helped offset inflation
PPG said 2% selling price increases helped cover about 90% of cost of goods sold inflation in the second quarter.
The company said lower sales volumes in automotive refinish coatings weighed on Performance Coatings margins.
Quarterly financial details and analyst view
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat | $4.50 bln | $4.36 bln (17 Analysts) |
| Q2 Adjusted EPS | Miss | $2.23 | $2.26 (18 Analysts) |
| Q2 Adjusted Net Income | Miss | $500 mln | $614.52 mln (11 Analysts) |
| Q2 Net Income | $439 mln |
The current average analyst rating on the shares is "buy", with 12 "strong buy" or "buy" ratings, 14 ratings and no or ratings. The median 12-month price target for PPG Industries Inc is , about above its July 27 closing price of .
