Q3 FY26 · Ended Sep 30, 2026 · View SEC filing
Price rises fully absorbed a raw material shock
PPG raised prices across every business, so cost inflation left gross margin almost exactly where it was a year ago.
For investorsWhat has to go right for Industrial Coatings to recover?
For foundersPassing on a cost shock without losing the customer
Its volume grew at more than twice the group's pace, led by aerospace demand the filing calls robust.
A higher tax rate and a loss on the sold U.S. paint business absorbed the gain at the bottom line.
Once a coating is qualified into a can, car or aircraft, volume follows the customer's production and switching is slow.
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Business Lens describes PPG Industries from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
