Form 10-Q · Quarterly report
PPG Industries 10-Q, filed Jul 29, 2026
- Filed
- CIK
- 0000079879
- Accession no.
- 0000079879-26-000252
Summary
PPG Industries reported second-quarter 2026 net sales of $4.495 billion, up 7.2% from a year earlier, and six-month net sales of $8.425 billion, up 6.9%. Diluted earnings per share from continuing operations were $1.96, slightly below the prior-year quarter, while adjusted diluted earnings per share rose to $2.23 from $2.22.
Key points
- PPG's second-quarter 2026 net sales growth was driven by higher sales volumes (+2%), higher selling prices (+2%), favorable foreign currency translation (+2%), and acquisitions (+1%).
- Regional second-quarter net sales rose 7.9% in EMEA, 12.8% in Asia Pacific, and 13.0% in Latin America, while United States and Canada rose 1.6%.
- Global Architectural Coatings segment net sales increased 7.9% to $1.098 billion and segment income increased 15.6% to $185 million.
- PPG's second-quarter effective tax rate was 22.3%, down from 23.4%, and six-month adjusted diluted earnings per share rose 3.3% to $4.06.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management’s Discussion Results of Operations Three Months Ended June 30 Percent Change Six Months Ended June 30 Percent Change ($ in millions, except percentages) 2026 2025 2026 vs. 2025 2026 2025 2026 vs. 2025 Net sales $4,495 $4,195 7.2 % $8,425 $7,879 6.9 % Cost of sales, exclusive of depreciation and amortization $2,687 $2,432 10.5 % $4,962 $4,574 8.5 % Selling, general and administrative $931 $872 6.8 % $1,816 $1,710 6.2 % Depreciation $108 $102 5.9 % $213 $191 11.5 % Amortization $26 $33 (21.2) % $53 $65 (18.5) % Research and development, net $107 $106 0.9 % $220 $208 5.8 % Interest expense $71 $62 14.5 % $132 $118 11.9 % Interest income ($42) ($44) (4.5) % ($79) ($87) (9.2)…
An excerpt of the text as filed with the SEC, cut for length.
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