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PPG Industries’ $8.10 EPS Outlook: Can Aerospace and Pricing Deliver?

PPG Industries Inc. reported solid financial results for the second quarter of 2026, marking its sixth consecutive quarter of organic sales growth, with a 4% increase driven equally by sales volumes and pricing improvements. Net sales rose 7% year-over-year to $4.5 billion, supported by broad-based growth across most of its segments and geographies. Adjusted earnings per share increased slightly to $2.23, with margin improvements led by the Architectural Coatings and Aerospace businesses, although lower volumes in Automotive Refinish weighed on segment profitability. Within the Global Architectural Coatings segment, net sales grew 8% to $1.1 billion, reflecting 2% organic growth primarily from higher prices, despite slightly weaker volumes. The segment showed margin expansion with a 14% rise in EBITDA and a 100 basis point improvement in margin, benefiting from pricing initiatives and cost management, particularly in Europe and Latin America.