PPG Industries, Inc.
- Open
- 113.06
- Day high
- 113.06
- Day low
- 109.88
- Prev close
- 111.35
- Volume
- 67K
- Mkt cap
- $24.4B
- P/E (TTM)
- 15.7
- EPS (TTM)
- $7.02
- P/B
- 2.9
- P/S
- 1.5
- Yield
- 2.61%
- Per share
- $2.87
- ▲Insiders net buying $1K over the last 3 months (2 open-market buys, 0 sales)
- 🏛Institutions accumulating (13F)
PPG Industries, Inc. (PPG) is a Basic Materials company listed on NYSE. The stock is up 3% over the past year. Over the trailing 3 months, insiders filed 2 open-market buys and 0 sales (SEC Form 4). Drillr has 1 published research article covering PPG.
PPG Industries, Inc. (PPG) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 6 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
PPG earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 29, 2026 | $2.25 | $2.23 | -0.9% | $4.5B | +3.0% |
| Apr 29, 2026 | $1.78 | $1.83 | +2.8% | $3.9B | +2.0% |
| Jan 27, 2026 | $1.57 | $1.51 | -3.8% | $3.9B | +2.0% |
| Oct 28, 2025 | $2.10 | $2.13 | +1.4% | $4.1B | +0.9% |
| Jan 30, 2025 | $1.64 | $1.61 | -1.9% | $2.2B | -46.7% |
| Oct 16, 2024 | $2.15 | $2.13 | -1.1% | $4.6B | -1.9% |
| Jul 18, 2024 | $2.48 | $2.50 | +0.6% | $4.8B | -2.3% |
| Apr 18, 2024 | $1.87 | $1.86 | -0.5% | $4.3B | -2.8% |
| Jan 18, 2024 | $1.50 | $1.53 | +2.1% | $4.3B | +1.9% |
| Oct 18, 2023 | $1.94 | $2.07 | +6.8% | $4.6B | +0.2% |
| Jul 20, 2023 | $2.13 | $2.25 | +5.4% | $4.9B | +0.8% |
| Apr 20, 2023 | $1.54 | $1.82 | +17.9% | $4.4B | -0.4% |
PPG insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Sep 1, 2026 | Hefel Juliane M.officer: Sr. VP, Ind Coatings & Sp Prod | Grant | 2 | — |
| Sep 1, 2026 | Bellezza Alishaofficer: Sr. VP, Ind Coatings Segment | Grant | 1 | — |
| Sep 1, 2026 | Braun Kevin D.officer: Sr VP, Operations | Grant | 23 | — |
| Sep 1, 2026 | Massy Robert L.officer: Sr. VP and Chief HR Officer | Grant | 0 | — |
| Sep 1, 2026 | KNAVISH TIMOTHY Mdirector, officer: Chairman and CEO | Grant | 35 | — |
| Sep 1, 2026 | Foulkes Anne M.officer: Sr. VP, Legal & Spl. Projects | Grant | 17 | — |
| Sep 1, 2026 | Hagerty Chancey E.officer: Sr. VP, Perf Coatings Segment | Grant | 16 | — |
| Aug 18, 2026 | Beggs Jamie A.officer: Senior VP & CFO | Grant | 28,044 | — |
| Aug 17, 2026 | Hefel Juliane M.officer: Sr. VP, Ind Coatings & Sp Prod | Grant | 1 | — |
| Aug 17, 2026 | Massy Robert L.officer: Sr. VP and Chief HR Officer | Grant | 0 | — |
| Aug 17, 2026 | Braun Kevin D.officer: Sr VP, Operations | Grant | 1 | — |
| Aug 17, 2026 | Hagerty Chancey E.officer: Sr. VP, Auto. Refinish Ctgs. | Grant | 15 | — |
| Aug 17, 2026 | Bellezza Alishaofficer: Sr. VP, Automotive Coatings | Grant | 0 | — |
| Aug 17, 2026 | Foulkes Anne M.officer: Sr. VP, Legal & Spl. Projects | Grant | 16 | — |
| Aug 17, 2026 | KNAVISH TIMOTHY Mdirector, officer: Chairman and CEO | Grant | 23 | — |
Source: PPG SEC Form 4 filings, latest Sep 1, 2026. For informational purposes only — not investment advice.
See the full PPG insider & 13F page →PPG Industries, Inc. company profile
Overview
PPG Industries, Inc. (NYSE:PPG) is a global manufacturer of paints, coatings, and specialty materials founded in 1883 and headquartered in Pittsburgh, Pennsylvania. Originally established as Pittsburgh Plate Glass Company, the company has evolved from its glass manufacturing roots into one of the world's leading coatings and specialty materials companies. Today, PPG operates manufacturing facilities and serves customers in over 70 countries, with a diversified portfolio spanning architectural paints, industrial coatings, automotive refinish products, aerospace coatings, and specialty materials.
Business
PPG Industries operates in the specialty chemicals sector, specifically manufacturing and distributing paints, coatings, and specialty materials for a wide range of industrial and consumer applications. The company's products are essential components that provide protection, durability, and aesthetic appeal to everything from buildings and automobiles to aircraft and consumer goods. The company operates through three main business segments following recent portfolio restructuring: Global Architectural Coatings (approximately 35-40% of revenue) produces paints, wood stains, adhesives, and related products for residential and commercial building decoration and maintenance. This includes the well-known PPG Comex brand in Mexico, which serves both professional contractors and do-it-yourself consumers. These products are sold through major retailers like Home Depot as well as independent paint stores. Performance Coatings (approximately 35-40% of revenue) serves specialized aftermarket applications including automotive refinish coatings for collision repair shops, aerospace coatings for commercial and military aircraft, protective and marine coatings for ships and industrial structures, and traffic solutions for road marking. These are typically high-performance, engineered products that command premium pricing due to their specialized nature and regulatory requirements. Industrial Coatings (approximately 20-25% of revenue) provides coatings and materials for original equipment manufacturers (OEMs) across various industries including automotive parts, appliances, electronics, packaging, and construction equipment. This segment also includes specialty materials like optical lenses, TESLIN substrates used in identification cards and e-passports, and materials for OLED displays. The coatings industry serves as a critical component in manufacturing supply chains, providing both functional protection (corrosion resistance, durability) and aesthetic appeal (color, finish) to finished products. PPG's products are applied during manufacturing processes or used for maintenance and repair applications throughout a product's lifecycle.
Revenue model
PPG generates revenue primarily through direct product sales to a diverse customer base spanning industrial manufacturers, distributors, retailers, and service providers. The company's business model centers on manufacturing and selling formulated chemical products with significant value-added engineering and technical service components. The company's customers include automotive OEMs like Ford and General Motors for factory-applied coatings, collision repair shops for refinish products, aerospace manufacturers and maintenance providers like Boeing and Airbus suppliers, architectural paint retailers such as Home Depot, and industrial manufacturers across sectors from appliances to electronics. Revenue is generated through direct sales contracts, distributor relationships, and retail partnerships. PPG's margins are influenced by several key factors. Raw material costs, particularly titanium dioxide (TiO2) which is a critical pigment component, represent the largest cost input and can significantly impact profitability when prices fluctuate. The company has demonstrated ability to implement pricing increases to offset raw material inflation, though there are typically timing lags. Volume leverage is crucial since the business has substantial fixed manufacturing costs - higher production volumes drive improved margins through better absorption of overhead costs. Currency translation effects can impact margins significantly given PPG's global footprint, particularly exposure to European and Latin American markets. Competitive dynamics vary by segment, with Performance Coatings commanding premium pricing due to technical specifications and regulatory requirements, while Architectural Coatings faces more price-sensitive competition. The company's manufacturing productivity initiatives and cost reduction programs provide ongoing margin improvement opportunities, as evidenced by recent restructuring efforts targeting $175 million in annual savings.
Risks & safety
PPG demonstrates a moderate margin of safety with some areas of concern around leverage and cyclical exposure. • Liquidity and Debt: Current ratio of 1.35x provides adequate short-term liquidity. However, debt-to-equity ratio of 1.13x indicates elevated leverage. The company maintains $1.8 billion in cash and short-term investments, providing reasonable financial flexibility. • Cash Flow: Recent quarterly free cash flow of -$227 million raises concerns, though this appears seasonal as full-year 2024 free cash flow was positive $699 million. Operating cash flow variability suggests working capital management challenges. • Valuation Metrics: Trading at 16.7x P/E ratio and 11.4x EV/EBITDA, which appears reasonable for a cyclical industrial company. Price-to-book ratio of 3.6x reflects some premium valuation. • Cyclical Risk: Exposure to construction, automotive, and industrial production cycles creates earnings volatility. Recent weakness in European architectural markets and soft industrial production demonstrate this vulnerability. • Operational Leverage: High fixed cost structure means margins are sensitive to volume changes, creating both upside potential in recovery and downside risk in downturns.
Recent development
PPG has undertaken significant strategic restructuring over the past two years, fundamentally reshaping its portfolio and operational focus. The company completed major divestitures in 2024, selling its U.S. and Canadian Architectural Coatings business for $550 million and its Global Silicas products business for $310 million. These moves reflect management's strategy to exit lower-margin, more commoditized businesses and focus on higher-value segments. The company implemented a comprehensive cost reduction program targeting $175 million in annual savings to eliminate stranded costs from the divestitures and improve operational efficiency. This restructuring includes facility consolidations and workforce optimization across the organization. PPG has been investing heavily in digital productivity tools and technology platforms, particularly in its automotive refinish business where digital color-matching and body shop management systems are driving market share gains. The company reports that penetration of these digital tools remains in single digits globally, suggesting significant expansion potential. In aerospace, PPG is experiencing strong demand growth with record sales and a backlog approaching $300 million. The company is adding incremental capacity and evaluating larger-scale expansion to meet growing demand from both commercial aviation recovery and military applications. The company has also been expanding its presence in emerging markets, particularly through its joint venture with Asian Paints in India and continued investment in China and Mexico. The PPG Comex brand in Mexico achieved record sales exceeding $1 billion annually, demonstrating successful market penetration in Latin America. Recent quarters have shown margin improvement initiatives paying off, with eight consecutive quarters of year-over-year segment margin improvement through Q3 2024, driven by pricing discipline, manufacturing productivity gains, and favorable raw material cost trends.
PPG company profile · for informational purposes only — not investment advice.
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