PPG Q2 2026: sales up 7.2%, adjusted EPS $2.23 misses, guidance kept
PPG grew revenue 7.2% to $4.50 billion, but adjusted EPS of $2.23 landed below the $2.28 consensus and gross margin slipped to 40.2% from 42.0%. Management reaffirmed full-year adjusted EPS guidance of $7.70 to $8.10 while pointing to a flat-to-down third-quarter EBITDA margin. Read this as a demand-and-pricing story with a margin problem rather than a weak top line.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS was $1.95 versus $1.98 a year ago, while adjusted EPS was $2.23 versus $2.22. Against the $2.2777 consensus, adjusted EPS missed by about 2.1%. Net income of $439 million was 2.4% below last year's $450 million, and adjusted EBITDA margin fell to 17.4% from 18.5%.
Net sales rose 7.2% to $4.50 billion from $4.20 billion a year ago, with organic sales up 4% split evenly between 2% volume and 2% price. Gross margin fell to 40.2% from 42.0%, so the extra revenue did not carry through at the same rate. Foreign currency added 2% and acquisitions 1%.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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