PPG Q3 FY2026: adjusted EPS $2.25 beats consensus, guidance midpoint raised
PPG beat: adjusted EPS of $2.25 topped the $2.1444 consensus and management lifted the midpoint of full-year guidance to $8.00. The quarter was carried by pricing plus real volume growth, and two of three segments expanded margins. The exception is Industrial Coatings, where index-based pricing lags raw-material inflation. Read the scorecard below as a beat with a narrow, known weak spot, not a broad upgrade.
1 · Expected vs. Actual
Free preview belowAdjusted EPS of $2.25 beat the $2.1444 consensus by roughly $0.11, or 4.9%, and rose from $2.13 a year ago. GAAP diluted EPS was $2.02, pulled down by a $0.10 loss from discontinued operations; continuing operations earned $2.12. The filing's own tables show $473 million of continuing-ops net income against $451 million attributable to PPG, which is why the structured figures and the press release appear to disagree.
Net sales came in at $4.35 billion, up 6.6% from $4.08 billion a year earlier, though below the $4.50 billion booked in the second quarter. The mix is what matters: 3% pricing, 2% volume, 1% currency and 1% acquisitions, so volume finally did real work alongside price. Performance Coatings grew 10% while Industrial Coatings grew 5% at a much thinner margin.
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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 2026-11-03
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