GET DAILY SIGNALSPPG Industries (PPG) Delivers +7% Sales Growth in Q3 2026 with Raised Guidance
Key Takeaways
- PPG Industries reported third quarter 2026 net sales of $4.353 billion, up 7% year over year from $4.082 billion.
- Adjusted earnings per share (EPS) rose 6% to $2.25, exceeding the consensus estimate of $2.13.
- Organic sales increased 5%, marking a seventh consecutive quarter of self-generated growth.
- Full-year adjusted EPS guidance was raised to a range of $7.90 to $8.10, lifting the midpoint of the outlook.
- Performance Coatings led the quarter with 10% sales growth, while Industrial Coatings segment EBITDA declined 11%.
- Shares climbed roughly 7.6% in after-hours trading following the report.
Why These Results Matter
PPG Industries operates at the crossroads of aerospace, automotive, industrial, and architectural markets, so its quarterly numbers give a useful window into both consumer and business demand. The company’s ability to raise prices and manage costs amid ongoing raw-material inflation was a key test this quarter. Analysts had expected only modest growth, so the beat on adjusted EPS and the decision to lift full-year guidance point to solid execution across a diversified portfolio.
What the Numbers Showed
Net sales reached $4.353 billion, a 7% increase from $4.082 billion a year earlier, helped by higher selling prices, stronger volumes, favorable currency moves, and acquisitions. Organic sales advanced 5%. Net income from continuing operations came in at $473 million, and diluted EPS from continuing operations rose 8% to $2.12. Adjusted diluted EPS climbed 6% to $2.25, beating the $2.13 consensus. Adjusted EBITDA increased to $793 million from $742 million, for a margin of 18.2%.
Segment results were mixed. Performance Coatings sales jumped 10% and Global Architectural Coatings grew 4%, while Industrial Coatings sales rose 5% even as EBITDA in that segment fell 11%. Management lifted full-year adjusted EPS guidance to $7.90–$8.10 and expects low single-digit organic sales growth in the fourth quarter with EBITDA margin flat to 100 basis points higher year over year. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.
How the Market Reacted
Shares rose about 7.6% in after-hours trading on October 27, 2026, as investors welcomed the earnings beat, the seventh straight quarter of organic growth, and the improved outlook. Sentiment had been cautious after the prior quarter missed expectations, so the stronger results helped restore confidence. At the same time, the drop in Industrial Coatings profitability and continued cost pressures highlighted that margin improvement is still uneven across the business.
What to Watch Going Forward
The focus now turns to whether pricing momentum can translate into sustained margin expansion. Fourth-quarter guidance points to modest organic sales growth and stable-to-improving EBITDA margins, which feels constructive but measured. The Industrial Coatings segment will be closely watched, as will demand trends in aerospace and Latin American architectural coatings. Raw-material costs, currency effects, and the pace of share repurchases—roughly $150 million in the quarter and $320 million year to date—will also shape results through year-end.
Exploring AI Tools in My Research
I occasionally turn to Tickeron’s AI-powered tools when I want a structured way to compare fundamentals and technical signals across the coatings sector. The AI Screener lets me filter by industry, performance metrics, and pattern recognition, which helps surface comparable ideas quickly and keeps my own analysis disciplined without replacing primary research.
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Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
PPG in upward trend: 10-day moving average broke above 50-day moving average on October 26, 2026
The 10-day moving average for PPG crossed bullishly above the 50-day moving average on October 26, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 12 of 18 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 67%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 14, 2026. You may want to consider a long position or call options on PPG as a result. In 48 of 80 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 60%.
The Moving Average Convergence Divergence (MACD) for PPG just turned positive on September 23, 2026. Looking at past instances where PPG's MACD turned positive, the stock continued to rise in 29 of 46 cases over the following month. The odds of a continued upward trend are 63%.
PPG moved above its 50-day moving average on October 21, 2026 date and that indicates a change from a downward trend to an upward trend.
Following a +4.12% 3-day Advance, the price is estimated to grow further. Considering data from situations where PPG advanced for three days, in 159 of 307 cases, the price rose further within the following month. The odds of a continued upward trend are 52%.
Bearish Trend Analysis
The 10-day RSI Indicator for PPG moved out of overbought territory on October 23, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 26 similar instances where the indicator moved out of overbought territory. In 14 of the 26 cases, the stock moved lower in the following days. This puts the odds of a move lower at 54%.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The 50-day moving average for PPG moved below the 200-day moving average on October 05, 2026. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PPG declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 61%.
PPG broke above its upper Bollinger Band on October 21, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for PPG entered a downward trend on October 12, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron SMR rating for this company is 48 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is 49 (best 1 - 100 worst), indicating steady price growth. PPG’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron PE Growth Rating for this company is 60 (best 1 - 100 worst), pointing to average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of 75 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.894) is normal, around the industry mean (2.372). P/E Ratio (15.678) is within average values for comparable stocks, (-17.554). Projected Growth (PEG Ratio) (1.529) is also within normal values, averaging (1.548). Dividend Yield (0.027) settles around the average of (0.040) among similar stocks. P/S Ratio (1.439) is also within normal values, averaging (48.960).
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. PPG’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 82, placing this stock worse than average.
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General Information
a manufacturer of coatings, materials and glass products
Industry ChemicalsSpecialty
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