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PPG Industries PPG Q1 2026 earnings

Reported April 28, 2026 · After market close

Revenue$3.9BBeat by $78.8MDiluted EPS$1.83Beat by $0.05
Revenue estimate$3.9B
EPS estimate$1.78

Next report

Jul 28, 2026 (In 2 weeks)
Revenue estimate$4.4B
EPS estimate$2.25

Financials

Q1 2026

Income statement

See full
Revenue$3.9B+6.7%
Gross profit$1.7B+7.3%
Operating income$636.0M+4.8%
Net income$382.0M+2.4%
EPS (diluted)$1.70+4.3%

Balance sheet

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Cash & equivalents$1.6B-14.0%
Total debt$7.0B+13.7%
Total equity$8.1B+17.0%
Total assets$22.2B+4.8%

Cash flow

See full
Operating cash flow$33.0M+283%
CapEx$196.0M-6.2%
Free cash flow-$163.0M+28.2%

Valuation & ratios

Valuation

as of 07/09/26
See full
Market cap$25.47B-3.6%
Enterprise value$30.94B+0.7%
P/E16.1×—
P/S1.6×-0.1×

Profitability

See full
Gross margin41.4%0.0pp
Net margin9.8%—
FCF margin7.6%+2.6pp

Returns & leverage

See full
Return on equity21.1%—
Debt / equity0.9×0.0×
Current ratio1.6×+0.3×

Segments

By segment

See full
Industrial Coatings$1.6B+4.4%
Performance Coatings$1.3B+5.5%
Global Architectural Coatings$965.0M+12.6%

By geography

See full
EMEA$1.4B+11.9%
Asia Pacific$698.0M+7.9%
Latin America$547.0M+13.7%

Versus estimates

Revenue

Q1 2026$3.9BBeat by $78.8M
Q4 2025$3.9BBeat by $133.7MQ3 2025$4.1BBeat by $34.6MQ2 2025$4.2BBeat by $31.3MQ1 2025$3.7BBeat by $23.8MQ4 2024$2.2BMiss by $1.9B

Diluted EPS

Q1 2026$1.83Beat by $0.05
Q4 2025$1.51Miss by $0.07Q3 2025$2.13Beat by $0.03Q2 2025$2.22Miss by $0.01Q1 2025$1.72Beat by $0.10Q4 2024$1.61Miss by $0.03

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Questions, answered.

When did PPG Industries report Q1 2026 earnings?
PPG Industries (PPG) reported Q1 2026 earnings on April 28, 2026 after market close.
What were PPG Industries's Q1 2026 revenue and EPS?
PPG Industries reported revenue of $3.9B and diluted EPS of $1.83 for Q1 2026.
Did PPG Industries beat estimates in Q1 2026?
Revenue beat the consensus estimate of $3.9B by $78.8M. EPS beat the consensus estimate of $1.78 by $0.05.
How did PPG Industries's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 6.7% from $3.7B a year earlier and diluted EPS grew 6.4% from $1.72.
Where can I find PPG Industries's Q1 2026 SEC filings?
You can read the 8-K earnings release (0000079879-26-000164) and the 10-Q periodic report (0000079879-26-000170) directly on SEC EDGAR. The filing index links above go to sec.gov.