Filing Flows › PPG Industries (PPG) › Q1 2026
PPG Industries (PPG) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
PPG Industries (PPG) reported revenue of $3.9B for the first quarter 2026 (Q1 2026), +7% from a year earlier and +0.4% from the quarter before. Operating margin was 16.2%, net earnings $382M (9.7% of revenue).
PPG Industries, Q1 2026: revenue $3.9B (+7% year over year), operating margin 16.2%, net earnings $382M, operating cash flow $33.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.9B | +0.4% | +7% |
| Operating profit | $636M | +64% | +5% |
| Net earnings | $382M | +27% | +2% |
| Operating cash flow | $33.0M | -96% | — |
What changed
Revenue was $3.9B in Q1 2026, up 7% year over year and roughly flat from the previous quarter. Industrial Coatings was the largest line at 42% of revenue. Global Architectural Coatings added $0.11B year over year (up 13%), 44% of the total change.
Operating profit was $0.64B, a 16.2% margin (down 0.3 points year over year). Of the extra revenue versus Q1 2025, 12% reached operating profit, below the 16% margin then. Total costs grew 7% against revenue growth of 7%. The fastest-growing cost line was Research & development (+11%). Net earnings were $0.38B, up 2% year over year. The effective tax rate was 25.5%.
Operating cash flow was $0.03B, 9% of net earnings. Non-cash charges added back $0.13B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.49B. Capital expenditures of $0.20B exceeded it, leaving free cash flow of −$0.16B.
Questions
What was PPG Industries' revenue in the first quarter 2026?
PPG Industries (PPG) reported revenue of $3.9B for the first quarter 2026 (Q1 2026), +7% from a year earlier and +0.4% from the quarter before.
Was PPG Industries profitable in the first quarter 2026?
Operating profit was $636M (16.2% of revenue) and net earnings $382M.
Source: PPG Industries 10-Q on SEC EDGAR.