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PPG released its financial results for the third quarter of 2026, reporting $4.4 billion in net sales, a 7% increase from Q3 2025.
The quarter also saw record earnings per diluted share (EPS) for the quarter of $2.12 and adjusted EPS of $2.25, an increase of 6% from a year prior. Net income for Q3 was $473 million, up 7% year over year.
“I am extremely encouraged by our performance as we delivered record third quarter EPS, an increase of +6% year over year,” says Tim Knavish, PPG chairman and chief executive officer. “Our teams around the world executed with strong discipline, driving a solid 5% increase in organic sales, which marks our seventh consecutive quarter of growth. We outpaced the industry by 300 basis points, reflecting the quality of our businesses and the impact of our commercial actions. Adjusted EBITDA was 18.2%, supported by exceptional results in our differentiated aerospace and architectural coatings Latin America businesses. During the third quarter, the company’s commercial actions fully offset the impact of cost of goods sold inflation, reflecting pricing discipline across the portfolio. We remain focused on achieving appropriate value for our differentiated products and solutions and will continue to pursue targeted actions where necessary to address cost inflation and market-specific dynamics.”
Looking ahead, the company expects Q4 organic sales growth of a low single-digit percentage and company-adjusted EBITDA margin in the range of flat to an increase of 100 basis points year over year. The company updated its full-year EPS guidance to a higher midpoint of $7.90 to $8.10.
