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PPG Industries PPG Restructuring Reserve

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Other financials

Income statement

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Revenue$4.5B+7.2%
Gross profit$1.8B+2.6%
Operating income$743.0M0.0%
Net income$437.0M-2.9%
EPS (diluted)$1.95-1.5%

Balance sheet

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Cash & equivalents$1.5B-2.6%
Total debt$6.8B+3.6%
Total equity$8.4B+11.4%
Total assets$22.5B+2.0%

Cash flow

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Operating cash flow$559.0M+44.4%
CapEx$113.0M-6.6%
Free cash flow$446.0M+67.7%

Valuation

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Market cap$26.61B+10.7%
Enterprise value$31.87B+9.8%
P/E16.9×
P/S1.6×0.0×

Profitability

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Gross margin40.9%+0.1pp
Operating margin17.1%
Net margin9.6%
FCF margin8.6%+3.0pp

Returns & leverage

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Return on equity19.6%
Debt / equity0.8×-0.1×
Current ratio1.6×+0.2×

Where this comes from

Reported directly by PPG Industries in its filing.

Tagged under the XBRL concept us-gaap:RestructuringReserve.

The source filing: PPG Industries’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 3:03 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000079879-26-000252
($ in millions)Total Reserve / 2026Total Reserve / 2025
January 1$226$276
Approved restructuring actions1932
Release of prior reserves and other adjustments(a)(18)(24)
Cash payments(28)(45)
Foreign currency impact(7)28
June 30$192$267

Item 1. Financial Statements (Unaudited):

FAQ

What is PPG Industries's restructuring reserve?
PPG Industries (PPG) reported restructuring reserve of $192M in Q2 2026.
How has PPG Industries's restructuring reserve changed year-over-year?
PPG Industries's restructuring reserve decreased by 28.1% year-over-year, from $267M to $192M.
What is the long-term trend for PPG Industries's restructuring reserve?
Over 5 years (2020 to 2025), PPG Industries's restructuring reserve has grown at a -5.1% compound annual growth rate (CAGR), from $293M to $226M.
What does restructuring reserve mean?
This represents the estimated liability for costs associated with formal restructuring plans, such as severance, facility closures, or asset impairments. It reflects management's commitment to operational efficiency and strategic realignment. These reserves are drawn down as the restructuring activities are executed.

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