filecrux
Oct 27, 9:30 PM
$PPG Can PPG's
$7.90 to
$8.10 EPS guide hold while its biggest segment's EBITDA fell 11%?
🏢 PPG, the Pittsburgh paint and coatings maker, posted record Q3 adjusted EPS of
$2.25, up 6%, on net sales of
$4.353B, up 7%, and is worth about
$25.3B at
$113.4 a share at 16:00 ET on October 27, 2026
📉 Industrial Coatings, the largest segment with
$1.744B of Q3 sales, saw EBITDA fall 11% to
$251M as its margin shrank 260 basis points to 14.4% on cost inflation
📈 Architectural EBITDA rose 19% to
$253M and Performance Coatings rose 21% to
$372M, which more than covered Industrial and lifted adjusted EBITDA to
$793M from
$742M
🚀 The full-year adjusted EPS guide now sits at
$7.90 to
$8.10 with a higher midpoint, which puts the 16:00 ET October 27, 2026 close of
$113.4 at about 14 times the top of the range
📅 Next: Conference call on the third quarter on October 28, at 8:00 a.m. ET
Source: Business Wire release + SEC 8-K, Oct 27
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