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12:00
Jul 29 ◎

PPG FY2026 Q2 Watch

PPG Industries, Inc. (PPG) FY2026 Q2 Earnings Call

PPG BALL CCK HTHIY BA ▾

Tim Knavish

Management is confident in its ability to outpace inflation with pricing and sees improving volume trends in previously weak segments (refinish), supporting an optimistic full-year outlook.

"We have proactively made price adjustments globally and across all of our businesses, resulting in a net 2% selling price improvement in the quarter with an exit run rate of 3% for the month of June."

PPG WATCH

Tim Knavish

PPG is seeing a multi-quarter step-change in packaging coatings share gains, with a 20% two-year stacked volume increase, driven by technological adoption in Europe. — Signals a sustained shift in can coating technology that could impact incumbent suppliers and benefit early adopters.

"Packaging coatings organic sales increased by a double-digit percentage, with sales volumes now up over 20% on a two-year stacked basis as customers continue to adopt our leading technologies."

BALL WATCH CCK WATCH

Tim Knavish

PPG's protective & marine coatings business, particularly the marine segment, is experiencing strong growth driven by new builds in Asia and aftermarket demand, indicating a robust shipbuilding cycle. — This confirms high demand for commercial vessels, pointing to continued production for shipbuilders and their suppliers.

"...above-market marine growth in both Asia Pacific and Europe."

HTHIY WATCH

Tim Knavish

PPG's aerospace business has a ~$300 million order backlog and is investing $500 million in capacity, indicating sustained high demand for aircraft parts and aftermarket services. — The growing backlog reflects strong OEM and aftermarket demand, implying continued production ramp-ups for aircraft manufacturers.

"Aerospace achieved exceptional quarterly sales with double-digit percentage growth. Our order backlog remained around $300 million as we are starting to see the benefits of our capacity and productivity investments."

BA WATCH

HIGH

12:00
Apr 29 ◎

PPG FY2026 Q1 Watch

PPG Industries, Inc. (PPG) FY2026 Q1 Earnings Call

PPG BA AIR AXP ▾

Tim Kanavish

Guidance tone is confident and forward-looking, focusing on offsetting raw material cost inflation through faster and more effective pricing actions, while maintaining organic growth momentum. The reaffirmed full-year EPS guidance and expectations for improved second-half volumes, particularly in aerospace and refinish, suggest management's view of the company's trajectory is positive despite macro headwinds.

"We expect to deliver adjusted earnings per share growth in the range of flat to a positive low single-digit percentage for the second quarter versus the prior year period. We are confident in our strategy and the strength of our portfolio,"

PPG WATCH

Tim Kanavish

PPG expects raw material cost inflation of a mid-single-digit percentage for the remainder of the year, but plans to fully offset this with pricing, recovering much faster than prior inflation cycles (months vs. a year). — This aggressive pricing power indicates that large coatings suppliers like PPG can pass on cost increases quickly, which could pressure margins of downstream manufacturers (e.g., auto OEMs, aerospace) who consume these inputs, but also signals strong pricing power within the coatings industry itself.

"Given the distribution models and price mechanisms we have in place, we expect to deliver price-cost realization much more rapidly than we did in previous inflation cycles."

BA WATCH AIR WATCH AXP WATCH

HIGH

13:00
Jan 28 ◎

PPG FY2025 Q4 Watch

PPG Industries, Inc. (PPG) FY2025 Q4 Earnings Call

SPGI ANDURIL PPG ▾

Tim Kanevich

PPG is referencing S&P Global's automotive production forecasts as a benchmark for market demand, which they expect to be weak in Q1 and flat thereafter.

"you know, S&P has Q1 down. The rest of the year, call it flat-ish."

SPGI WATCH

Tim Kanevich

This is a speculative inference—while PPG's aerospace business is growing strongly across military and commercial segments, there is no explicit mention of Anduril. The mention is flagged as low-confidence and likely not a real mention.

"But, you know, we're not done. This business will be growing likely for the rest of my career."

ANDURIL WATCH

Tim Kanevich

Guidance is cautiously optimistic: expects modest organic growth driven by share gains and aerospace, but tempered by continued macro weakness in Europe and industrial markets, and a difficult first half due to refinish destocking. Overall tone is steady with a clear path to improving growth in H2.

"we expect sales volume growth will be driven by aerospace, architectural coatings in mexico and about 100 million of share gains in the industrial coding segment"

PPG WATCH

HIGH

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