PPG Industries, Inc.
PPG - Insider Information
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+ FollowMarket Cap$26.57B
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Earnings Call Q3 2026
October 28, 2026 - AI Summary
Strong Q3 results; record earnings and margin expansion
- Organic sales +5% (includes ~2% volume growth); 7th consecutive quarter of organic sales growth and outpaced industry by ~300 bps.
- Net sales +7% YoY to ~$4.4B; Adjusted EPS +6% to $2.25 (a Q3 record).
- Total adjusted EBITDA margin >18%, and teams fully offset cost-of-goods-sold inflation via commercial actions (a major milestone).
Segment performance: growth broad-based, with standout “outside-the-can” and aerospace
- Architectural Coatings: net sales ~$1.1B (+4% YoY); organic +2%; EBITDA margin ~24% (+300 bps YoY, helped by mix/Europe efficiency and a bit of Mexico FX tailwind).
- Performance Coatings: net sales ~$1.6B (+10%); organic +8%, aerospace double-digit organic growth; order backlog near $300M.
- Protective & marine coatings: high-single-digit organic growth with 14 consecutive quarters of volume growth.
- Industrial coatings: net sales ~$1.7B (+5%); organic +4%, but EBITDA margin down ~260 bps to 14.4% due to COGS inflation outpacing timing of index-based pricing (key weak spot).
Guidance: Q4 remains positive (growth + margin expansion) but with industrial pressure
- Q4 organic sales: flat to low-single-digit growth YoY.
- Q4 adjusted EBITDA margin: flat to +100 bps YoY.
- Segment outlook (Q4):
- Architectural Coatings: flat to up low-single-digit
- Performance Coatings: low- to mid-single-digit growth
- Industrial Coatings: down to up low-single-digit (reflecting index-pricing lag)
- COGS inflation (Q4): high-single-digit range, expected to be partially offset by pricing/productivity; industrial is the least “caught up” today.
- Full-year EPS outlook raised: narrowed to $7.90–$8.10 (raise midpoint) due to continued momentum + productivity execution.
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$122.45
3.8% downside
Current Fair Value
3.8% downsideOvervalued by 3.8% based on the discounted cash flow analysis.
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Share Statistics
| Market cap | $26.57 Billion |
|---|---|
| Enterprise Value | $32.51 Billion |
| Annual dividend | $2.87 |
| Dividend yield | 2.40% |
| Earnings per Share | $6.96 |
| Beta | 1.05 |
| Outstanding Shares | 222,200,000 |
Return
| Return on Equity | 18.60% |
|---|---|
| Return on Assets | 6.97% |
| Return on Invested Capital | 13.11% |
Valuation & Multiples
| P/E Ratio | 16.98 |
|---|---|
| PEG | -3845.35 |
| Price to Sales | 1.7 |
| Price to Book Ratio | 3.35 |
| Enterprise Value to Revenue | 1.95 |
| Enterprise Value to EBIT | 14.33 |
| Enterprise Value to Net Income | 20 |
| Total Debt to Enterprise | 0.23 |
| Debt to Equity | 0.88 |
Revenue Sources
No data
Last Earnings Call
Report Date
October 27, 2026
EPS Estimate
$2.12
Consensus analyst estimateRevenue Estimate
$4.28 B
Consensus analyst estimateNext Earnings Call
Expected Date
January 26, 2027
EPS Estimate
$1.69
Consensus analyst estimateRevenue Estimate
$4.04 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.80, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.8000▲ 60.93% |
|---|---|
| Total Calls | 2,500▼ 99.79% |
| Total Puts | 2,000▼ 99.11% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 7.77%▼ 83.86% |
|---|---|
| Total Invested | $1.81B▼ 92.69% |
| Investors Holding | 402▼ 725.00% |
About PPG Industries, Inc.
43,500 employees
CEO: Michael McGarry
PPG Industries, Inc. is a global enterprise specializing in the production and distribution of paints, diverse coatings, and advanced specialty materials. The company's operations are segmented into Performance Coatings and Industrial Co...