Ppg Industries Inc

Company facts

Industry

Paints, Varnishes, Lacquers, Enamels & Allied Prods

Headquarters

Pittsburgh, Pennsylvania

Most recent report

10-Q, filed Jul 29, 2026

Incorporated

Pennsylvania

Filings on record

1,002+ filings

On EDGAR

CIK 79879

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 3 of 11 sections worth reading, with 3 positive, 9 notable, and 5 negative flags.

• Financial Statements (Item 1)

  All financial statements and notes for Q2 2026 and H1 2026; contains all key numbers.
  Notable

  • New €250M Euro Credit Agreement entered in May 2026, expiring May 2028.
  • Issued CHF 180M/CHF 140M notes in June 2026, net proceeds $403M.
  • Recognized $25M environmental remediation charge for New Jersey Chrome site in Q2 2026.

• Management's Discussion (Item 2)

  Core MD&A with segment-level results, liquidity, and new debt disclosures.
  Positive

  • Net sales up 7.2% to $4,495M (Q2 2026), driven by higher prices and volumes.
  • Aerospace organic sales increased by a double-digit percentage (Q2 2026), with strong backlogs.
  • Cash from operating activities improved to $592M (H1 2026) from $369M (H1 2025), up $223M.
  Notable

  • Legal settlement $11M and environmental remediation $25M booked in H1 2026.
  • New debt: 180M CHF 1.2175% due 2030 and 140M CHF 1.6648% due 2034 (June 2026).
  Negative

  • Income before taxes fell $29M to $569M (Q2 2026), despite sales growth.
  • Automotive refinish organic sales decreased by a double-digit percentage (Q2 2026).
  • Performance Coatings segment income down 7.6% ($27M) (Q2 2026), driven by automotive refinish volume drop.

• Legal Proceedings (Item 1)

  Brazilian judgment up to $700M+ against PPG; Westlake refuses to pay.
  Notable

  • Cadogan environmental: civil penalty trial held June 2024, awaiting court decision.
  • PPG sued Westlake for breach of contract; trial held, decision expected in 2026.
  • Additional hearing in August 2026 extends timeline for PPG's lawsuit against Westlake.
  • First disclosure of ethylene oxide bodily injury lawsuits against PPG.
  Negative

  • Brazilian court award of $350M-$700M+ against PPG; Westlake won't pay, so PPG may have to pay.
  • Westlake will not post bond or prevent execution on PPG, putting PPG's assets at risk.

What changed: Jun 2026 vs. Mar 2026

About 13% of PPG's Jun 2026 10-Q is new information. 47 paragraphs were added, 149 changed, and 26 removed. Below are the most important lines SECSift identified.

• Item 1 75
• Item 2 62
• Item 6 5
• Item 3 5
• Item 5 1