Every material Form 8-K PPG Industries has filed with the SEC since March 04, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
PPG reported third quarter 2026 net sales of $4.4 billion, up 7% from a year earlier, with reported EPS of $2.12 and adjusted EPS of $2.25. The company raised the midpoint of its full-year 2026 adjusted EPS guidance and narrowed the range to $7.90 to $8.10, which points to higher expected earnings for shareholders. Industrial Coatings segment EBITDA fell 11%, a weak spot in an otherwise stronger quarter.
Net sales of $4,353 million, up 7% year over year; organic sales up 5%
Reported EPS of $2.12 versus $1.96 a year earlier; adjusted EPS of $2.25 versus $2.13
Full-year 2026 adjusted EPS guidance narrowed to $7.90 to $8.10 with a higher midpoint
Industrial Coatings segment EBITDA declined 11%, with margin down 260 basis points
PPG reported second quarter 2026 net sales of $4.5 billion, up 7% from a year earlier, with organic sales up 4%. Reported earnings per diluted share fell 1% to $1.96, while adjusted EPS was flat at $2.23. The company reaffirmed its full-year 2026 adjusted EPS guidance of $7.70 to $8.10, so shareholders see higher sales alongside flat-to-lower profit.
Net sales of $4,495 million, up 7% from $4,195 million in the second quarter 2025
Reported EPS of $1.96 versus $1.98 a year earlier; adjusted EPS of $2.23 versus $2.22
Full-year 2026 adjusted EPS guidance reaffirmed at $7.70 to $8.10
Share repurchases totaled $75 million in the quarter and $175 million year to date
PPG reported first quarter 2026 net sales of $3.93 billion, up 7% from a year earlier, with reported EPS of $1.70 and adjusted EPS of $1.83, up 6%. The company reaffirmed its full-year 2026 adjusted EPS guidance range of $7.70 to $8.10, while the Industrial Coatings segment's EBITDA fell 7%.
Net sales were $3.93 billion, up 7%, but organic sales rose only 1%; currency translation added 6 points.
Reported EPS was $1.70 versus $1.64 a year earlier; adjusted EPS was $1.83 versus $1.72.
Full-year 2026 EPS guidance of $7.70 to $8.10 was maintained; second-quarter organic sales and adjusted EPS are expected to be flat to up a low single-digit percentage.
Industrial Coatings segment EBITDA fell 7% to $245 million, while Global Architectural Coatings segment EBITDA rose 28% to $184 million.
PPG said Jamie A. Beggs, currently senior vice president and chief financial officer of Avient Corporation since August 2020, will become PPG's senior vice president and CFO effective July 6, 2026, replacing Vincent J. Morales, who is retiring on the same date. The filing sets out her pay package, including a $800,000 base salary and a $3.2 million restricted stock unit grant, and discloses small purchases by PPG from Avient in 2025 and the first quarter of 2026.
Jamie A. Beggs becomes SVP and CFO effective July 6, 2026, succeeding Vincent J. Morales, who retires on the same date
Base salary of $800,000 per year and a $350,000 signing bonus, repayable if she resigns before the first anniversary of her start date
One-time restricted stock unit grant valued at $3.2 million, vesting on the third anniversary of the grant date
PPG bought about $524,000 of products from Avient in 2025 and about $163,000 in the first quarter of 2026, in the ordinary course of business
At its April 16, 2026 annual meeting, PPG shareholders elected all 12 director nominees and did not approve a proposal requiring an independent board chair. On April 15, 2026, the compensation committee approved performance-based Market Stock Unit awards with a $1.5 million target value for two executive officers, which vest on May 8, 2029 based on stock price change.
All 12 director nominees were elected to serve until the 2027 annual meeting.
The independent board chair proposal received 59,695,284 votes for and 126,745,338 votes against.
The 2026 Omnibus Incentive Plan was approved with 180,276,030 votes for and 6,358,364 against.
MSU awards with a $1.5 million target value went to K. Henrik Bergstrom and Kevin Braun; the awards vest May 8, 2029.
PPG reported first quarter 2026 earnings per diluted share of $1.70, up from $1.64 a year earlier, and adjusted EPS of $1.83, up from $1.72, an increase of 6%. The company said first quarter results are expected to exceed its previous guidance and that second quarter organic sales and adjusted EPS are expected to be flat to low single-digit percentage growth versus the prior year period. Detailed first quarter results are due April 28, 2026.
GAAP EPS of $1.70 for Q1 2026 versus $1.64 in Q1 2025; adjusted EPS of $1.83 versus $1.72
Fifth consecutive quarter of organic sales growth with positive selling prices and flat sales volumes
Q2 2026 organic sales and adjusted EPS expected flat to low single-digit percentage growth versus Q2 2025
Detailed Q1 results after U.S. markets close April 28, 2026; earnings call April 29, 2026 at 8 a.m. ET
PPG reported fourth-quarter 2025 net sales of $3.9 billion, up 5% from a year earlier, but adjusted earnings per share fell 6% to $1.51. For full-year 2025, adjusted EPS was $7.58, down 4%, on flat net sales of $15.9 billion. The company expects 2026 adjusted EPS of $7.70 to $8.10, which at the midpoint represents mid-single-digit growth.
Q4 2025 net sales were $3,914 million versus $3,729 million, up 5%; adjusted net income was $341 million versus $375 million, down 9%.
Q4 2025 reported EPS was $1.34 versus $0.01 a year earlier; adjusted EPS was $1.51 versus $1.61.
Full-year 2025 adjusted EPS was $7.58 versus $7.87; share repurchases totaled $790 million for the year.
2026 outlook: adjusted EPS of $7.70 to $8.10 and organic sales flat to low single-digit percentage growth, weighted toward the second half.
PPG's board elected Todd M. Schneider, president and chief executive officer of Cintas, as a director effective January 14, 2026, and appointed him to the Nominating and Governance and Sustainability and Innovation committees. The filing also discloses that PPG buys products and services from Cintas, about $9,350,000 in 2024, which the companies say was in the ordinary course of business and less than one percent of each company's consolidated gross revenues.
Todd M. Schneider joins the board effective January 14, 2026 and will serve in the class of directors whose term expires at the 2026 Annual Meeting of Shareholders.
Schneider will serve on the Nominating and Governance Committee and the Sustainability and Innovation Committee.
PPG sold about $13,000 of products and services to Cintas in 2024 and purchased about $9,350,000 from Cintas in 2024.
PPG purchased about $7,550,000 of products and services from Cintas in the first three fiscal quarters of 2025.
PPG's chief financial officer, Vincent Morales, announced on November 28, 2025 that he will retire on July 1, 2026, and PPG disclosed the decision on December 1. He will remain on the executive leadership team through July 2026 to support the transition, and a global internal and external search for his successor is underway. A CFO change is a notable leadership event for shareholders, though the filing contains no financial results or guidance.
Vincent J. Morales has served as senior vice president and chief financial officer since March 2017 and joined PPG in 1985.
Morales announced his intention to retire on November 28, 2025, effective July 1, 2026.
A global internal and external search for a successor is underway, as part of a previously planned succession process.
His stock options, restricted stock units and total shareholder return contingent shares will vest in accordance with their terms.
PPG Industries issued $700 million of 4.375% notes due 2031 on November 3, 2025, under a shelf registration and an indenture with The Bank of New York Mellon Trust Company as trustee. The company said it expects to use the net proceeds for general corporate purposes, which may include repaying existing debt, working capital, capital expenditures and possible acquisitions, so the filing adds fixed-rate debt to its balance sheet.
Notes: $700 million aggregate principal, 4.375% coupon, due 2031
Underwriters agreed to buy the notes at 98.970% of principal; public offering price is 99.570%
Holders can require repurchase at 101% of principal plus accrued interest upon a Change of Control Triggering Event
Proceeds intended for general corporate purposes, including possible repayment of existing debt and acquisitions
PPG reported third quarter 2025 net sales of $4.1 billion, up 1% from a year earlier, and adjusted earnings of $2.13 per diluted share, up 5%. The company also revised its full-year 2025 adjusted EPS guidance to $7.60 to $7.70, but the filing does not state the prior range, and it cites softer global demand, so shareholders can compare the new range with earlier expectations.
Net sales were $4,082 million in the third quarter, up 1% from $4,032 million; organic sales rose 2%.
Reported EPS was $1.96 versus $1.90, and adjusted EPS was $2.13 versus $2.03, up 5%.
Full-year 2025 adjusted EPS guidance is $7.60 to $7.70; Performance Coatings segment EBITDA fell 9% in the quarter.
Share repurchases were about $150 million in the quarter and $690 million year to date.
PPG announced that General Counsel Anne Foulkes plans to retire on August 31, 2026, and will move to a new role as senior vice president, legal and special projects, effective January 1, 2026. Joseph R. Gette, currently deputy general counsel and secretary, will become senior vice president, general counsel and secretary on the same date, a planned succession that shareholders may view as a routine leadership change with no stated financial effect.
Anne M. Foulkes, 62, has been general counsel since 2018 and has been with PPG since 1995; she plans to retire August 31, 2026.
Effective January 1, 2026, Foulkes becomes senior vice president, legal and special projects, to oversee transition and certain projects.
Joseph R. Gette becomes senior vice president, general counsel and secretary effective January 1, 2026.
Foulkes will be eligible for a 2027 payment under the annual incentive plan for 2026; her equity awards vest under their existing terms.
PPG reported second quarter 2025 net sales of $4.2 billion, down 1% from a year earlier, mainly due to business divestitures, while organic sales rose 2%. Reported EPS was $1.98 versus $2.09 a year earlier, and adjusted EPS was $2.22 versus $2.35, and the company reaffirmed its full-year 2025 adjusted EPS guidance of $7.75 to $8.05.
Q2 2025 net sales $4,195 million versus $4,235 million a year earlier; organic sales up 2%
PPG reported first-quarter 2025 net sales of $3.7 billion, down 4% from a year earlier, with reported EPS of $1.64 and adjusted EPS of $1.72, down 4% and 8%. Organic sales rose 1% on higher volumes, but currency translation and divestitures reduced reported sales. PPG reaffirmed its full-year 2025 adjusted EPS guidance of $7.75 to $8.05.
Net sales were $3,684 million versus $3,849 million, down 4%; organic sales rose 1%.
Reported EPS was $1.64 versus $1.71; adjusted EPS was $1.72 versus $1.87.
Share repurchases totaled approximately $400 million in the quarter; net debt was $5.4 billion, up $340 million year over year.
Full-year 2025 adjusted EPS guidance of $7.75 to $8.05 was reaffirmed, not changed.
PPG's board elected Leon J. Topalian, chair, president and chief executive officer of Nucor Corporation, as a director on April 17, 2025, effective July 16, 2025. He will sit on the Audit Committee and the Sustainability and Innovation Committee. The filing also discloses routine business dealings between PPG and Nucor, which the company says are below one percent of each company's consolidated gross revenues.
Election made April 17, 2025, effective July 16, 2025; term runs to the 2026 Annual Meeting of Shareholders
Appointed to the Audit Committee and the Sustainability and Innovation Committee
In 2024, PPG sold approximately $3,167,000 of products and services to Nucor and bought approximately $1,288,000 from Nucor
In the first quarter of 2025, PPG sold approximately $917,000 to Nucor and bought approximately $246,000 from Nucor
On March 4, 2025, PPG completed an offering of €900 million aggregate principal amount of 3.250% notes due 2032. The company says it will use the net proceeds for general corporate purposes, including working capital, capital expenditures, debt repayment or possible acquisitions. The new debt adds to PPG's borrowings, and the notes carry covenants limiting certain liens and mergers.
Notes: €900 million aggregate principal, 3.250% coupon, due 2032, completed March 4, 2025
Underwriters buy the notes at 99.022% of principal; public offering price is 99.422%
Holders can require repurchase at 101% of principal plus accrued interest upon a Change of Control Triggering Event
Proceeds intended for general corporate purposes, which may include repaying existing debt or funding possible acquisitions
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