Ppg Industries, Inc. · NYSE:PPG
Ppg Industries — Q3 2026 Earnings Presentation
17 slides from Ppg Industries's earnings presentation, Oct 28, 2026
Slide 1: Third Quarter 2026 Financial Results
Third Quarter 2026 Financial Results October 27, 2026
Slide 2: Forward-Looking Statements and Regulation G Reconciliation
Forward-Looking Statements and Regulation G Reconciliation Forward-Looking Statements This presentation contains forward-looking statements that reflect the Company’s current views with respect to future events and financial performance, including statements related to earnings and other financial g
Slide 3: Third Quarter 2026 Highlights
Third Quarter 2026 Highlights Net Sales Seventh consecutive quarter of higher YOY $4.4B organic sales with sales volume growth of 2% +5% YOY Organic Sales Record third quarter adjusted EPS driven Record by top line growth and strong margin Adjusted EPS Above-market growth led by aerospace, $2.25 ind
Slide 4: Third Quarter Net Sales
Third Quarter Net Sales Organic sales up 5% driven by share gains and positive price Net Sales ($ in millions) 1% $4,353 1% 2% 3% Selling prices: Positive across all segments $4,082 Volumes: Higher driven by growth in Performance Coatings and Industrial Coatings segments Acquisitions: In Performance
Slide 5: Global Architectural Coatings
Global Architectural Coatings EBITDA margin expansion driven by Latin America Net Sales 3Q’26 24.0% ($ in millions) Segment $1,055 EBITDA +300 bps 4% 2% Margin $1,012 -2% 3Q’26 Organic Sales Results 3Q'25 Price Volume Currency 3Q'26 Architectural LSD EMEA Highlights Architectural MSD Latin America &
Slide 6: Performance Coatings
Performance Coatings Organic sales growth of 8% driven by differentiated aerospace business Net Sales 3Q’26 23.9% ($ in millions) 2% $1,554 Segment 5% EBITDA +220 bps Margin 3% $1,414 3Q’26 Organic Sales Results 3Q'25 Price Volume Acquisitions 3Q'26 Aerospace DD Refinish MSD Highlights Protective &
Slide 7: Expanding PPG's Aerospace Transparencies Capacity
Expanding PPG’s Aerospace Transparencies Capacity Advancing growth, capacity expansion and operational efficiency $70 MM 112,000 55+ multi-year investment square feet years in Huntsville 2025-2029 Expansion of Long-standing aerospace current facility transparencies Huntsville, Alabama manufacturing
Slide 8: Industrial Coatings
Industrial Coatings Organic sales growth of 4% driven by pricing actions and share gains Net Sales 3Q’26 14.4% ($ in millions) Segment 1% $1,744 2% EBITDA -260 bps 2% $1,656 Margin 3Q’26 Organic Sales Results 3Q'25 Price Volume Currency 3Q'26 Auto OEM LSD Industrial HSD Highlights • Industrial coati
Slide 9: Strong Balance Sheet and Cash
Strong Balance Sheet and Cash Cash deployment focused on shareholder value creation 3Q’26 Activity Dividends and Share Repurchases ($ in millions) $1.6B ~$800MM $400 Dividends and Share Cash Balance September 30, 2026 Repurchases YTD $300 $200 $100 $5.2B 1.8x Net Debt Net Debt / Adjusted $0 Septembe
Slide 10: Fourth Quarter and Full-Year 2026 Financial Projections
Fourth Quarter and Full-Year 2026 Financial Projections We are raising the midpoint of our full-year EPS guide Fourth Quarter 2026 Full Year 2026 Adjusted EPS $7.90 - $8.10 per share Segment organic sales (YOY %): +LSD +LSD Global Architectural Coatings Flat to +LSD +LSD Performance Coatings +LSD to
Slide 11: PPG: A Compelling Long-Term Investment
PPG: A Compelling Long-Term Investment Distinctive brands, technologies and services Enabling customer success through core technologies, productivity solutions and adjacencies that drive organic and inorganic growth opportunities Unique, well-positioned portfolio Increasing exposure to higher growt
Slide 12: Appendix
Appendix
Slide 13: Adjusted EPS Reconciliation
Adjusted EPS Reconciliation $ in millions, except EPS Total PPG Third Quarter 2026 Net Income EPS(a) Net Income from Continuing Operations, As Reported $ 473 $ 2.12 Acquisition-related amortization expense 20 0.09 Business restructuring-related costs, net(b) 11 0.05 Resolution of tax matter(c) 2 0.0
Slide 14: Segment Margin Reconciliation
Segment Margin Reconciliation $ in millions, except margin % 2024 2025 2026 Global Architectural Coatings FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Segment Margin, As Reported 17.3% 13.8% 15.7% 18.2% 14.4% 15.6% 16.1% 16.8% 21.3% Net Sales $3,921 $857 $1,018 $1,012 $951 $3,838 $965 $1,098 $1,055 Segment Income 678
Slide 15: Adjusted EBITDA Reconciliations
Adjusted EBITDA Reconciliations $ in millions, except margin % 2025 2026 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Reported net income from continuing operations $375 $450 $444 $302 $1,571 $382 $439 $473 Interest expense, net of interest income 13 18 23 34 88 24 29 22 Income tax expense 122 140 118 78 458 132 127 153
Slide 16: Segment Volume and Price Variance Year Over Year
Segment Volume and Price Variance Year Over Year 2023 2024 2025 2026 Global Architectural Coatings Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Volume Variance -6% -8% 0% -4% -5% -6% 0% -2% -2% -2% -3% -2% -2% 0% -2% 0% -1% -2% Price Variance 10% 8% 4% 2% 6% 1% 1% 0% 0% 1% 1% 1% 2% 2% 2% 2%
Slide 17: Thank You For Your Interest In PPG
Thank You For Your Contact Information: Interest In PPG INVESTORS: Alex Lopez phone: +1 412 434 3466 email: [email protected] MEDIA: Greta Edgar Borza phone: +1 724 316 7552 email: [email protected] 17