PPG Industries Raises Full Year EPS Midpoint After Record Q3 Adjusted Earnings

PPG Industries beat third-quarter 2026 expectations on both earnings and revenue, reporting net sales of $4.353 billion, up 7% year over year, with adjusted EPS of $2.25, a 6% increase from $2.13 in the year-ago quarter and a record for any third quarter. CEO Tim Knavish said organic sales grew 5%, marking the seventh consecutive quarter of growth and outpacing the broader industry by 300 basis points, supported by pricing discipline that fully offset cost-of-goods-sold inflation.

Following the results, PPG raised the low end of its full-year adjusted EPS guidance and narrowed the range to $7.90 to $8.10, up from the prior range of $7.70 to $8.10, citing growth momentum, realized pricing benefits, and productivity program execution. The company expects low single-digit organic sales growth in the fourth quarter, led by aerospace, architectural coatings in Latin America, and packaging coatings.

Barclays initiated coverage of PPG on the same day with an Overweight rating and a $136 price target. Shares climbed roughly 5% in premarket trading following the earnings release, making PPG one of the notable movers among industrials on October 28, 2026.