--- canonical_url: https://www.stockexpertai.com/earnings/ppg last_updated: 2026-05-09T13:26:20.148Z --- # PPG Industries, Inc. (PPG) Q1 FY2027 Earnings Preview > This content was automatically generated with FMP live data + Q1 FY2026 earnings call transcript. Generated: 2026-05-09T13:26:19.729Z. Educational tool, not investment advice. --- ## Quick Summary | Field | Value | Source | |---|---|---| | Price | $109.61 (▲ 0.62%) | fmp:quote | | Market Cap | $24.4B | fmp:profile | | 52w range | $93.39 – $133.43 | fmp:quote | | Earnings | Tue 4 Aug | fmp:earnings-history | | EPS estimate | $2.26 (+2% YoY) | fmp:earnings-estimate | | Revenue estimate | $4.4B | fmp:earnings-estimate | | Beat streak | 1/4 | fmp:earnings-history | | Rating | A- (overall 4/5) | fmp:ratings | | Analyst median target | $129 (+17.7% upside) | fmp:price-target-consensus | | MoonshotScore | 31/100 | derived | | Council | 3/6 bullish | derived | | Munger verdict | Fairly Valued | derived | ## PPG Industries, Inc. — Q1 FY2027 Expectations Q1 consensus: revenue $4.4B^{[FMP est]}, EPS $2.26^{[FMP est]}. 1 consecutive quarters of beat^{[FMP earnings]}. ## Quick Take **Score:** A- · **Stance:** BUY · **Council:** 3/6 · **Moonshot:** 31 = MoonshotScore 31^{[9-pillar formula]} + Council 3/6^{[6-lens rule]}. Form 4: 0 transactions^{[FMP Form 4]}. ## Watchlist (4 metrics) ### 1. Fy26 Eps Guidance Reaffirmation PPG is reaffirming its full year 2026 EPS guidance range of $7.70 to $8.10, due to potential upside in areas such as its growing aerospace business, strong demand in its architectural coatings Mexico business, and faster than expected recovery in automotive refinish. > "As a result, we are reaffirming our full year 2026 EPS guidance range of $7.70 to $8.10." > — Timothy Knavish, Chairman and Chief Executive Officer, Expectation / Guide · Q1 FY2026 ### 2. Industrial Coatings Share Gains PPG expects to launch additional share gains in the industrial segment throughout this year and into 2027. > "We expect to launch additional share gains in the industrial segment throughout this year and into 2027." > — Timothy Knavish, Chairman and Chief Executive Officer, Investor Focus · Q1 FY2026 ### 3. Automotive Oem Outperformance PPG's automotive OEM business delivered flat sales volume which outpaced the decline in global automotive industry production by about 300 basis points. > "From a business unit standpoint, our automotive OEM business delivered flat sales volume which outpaced the decline in global automotive industry production by about 300 basis points." > — Timothy Knavish, Chairman and Chief Executive Officer, Investor Focus · Q1 FY2026 ### 4. Aerospace Backlog The backlog in PPG's aerospace business remains at about $350 million despite year-over-year output increase. > "Our backlog remains at about $350 million despite year-over-year output increase." > — Timothy Knavish, Chairman and Chief Executive Officer, Investor Focus · Q1 FY2026 ## MoonshotScore Pillars | Pillar | Score | Level | Evidence | |---|---|---|---| | Revenue Growth | 0.0 | weak | Q1 vs Q2: growth negative (-6.3%, contraction) | | Gross Margin | 4.0 | medium | Q1: average margin (42.1%) | | Operating Leverage | 1.0 | weak | op margin average (13.4%) | | Cash Runway | 3.0 | weak | FCF negative ($-0.2B, external financing needed) | | R&D Intensity | 3.0 | weak | low R&D investment (2.7%, weak innovation) | | Price Momentum | 7.0 | strong | RSI 51.5 balanced, 50d above | | News Sentiment | 4.0 | medium | mixed (42% buy) | **Formula:** sum(pillar.score) / (count * 10) * 100. Each pillar deterministic from FMP. Source maps in pillar.formula. ## Council (7-Lens) | Name | Stance | Context | |---|---|---| | Ray Dalio | bull | macro · target upside +17.7% | | Ken Griffin | bull | flow · 50d MA above | | Jim Simons | neutral | quant · RSI 51 | | Klarman | neutral | value · target upside +17.7% | | Buffett | bull | quality · ROE score 5/5 | | Munger | neutral | valuation · target upside +17.7% | **Formula:** Each lens uses deterministic rule on bundle data. Logged in member.contextTr. ## Munger Lens - **Verdict:** Fairly Valued - **Financial Health:** Strong - **Margin of Safety:** Moderate - **Interest Coverage:** Adequate - **ROIC vs WACC:** Healthy **Formula:** verdict=upside>25?Undervalued:>0?Fairly Valued:Overvalued. Each lens deterministic from FMP ratings + priceTarget. ## Technical Levels - **RSI(14):** 51.5 — dengeli — yön sinyali zayıf - **50d MA:** $108 — hisse %1.6 üstünde — kısa vadeli destek - **200d MA:** $108 — hisse %1.8 üstünde — uzun vadeli destek - **Volume (10d):** -30% ## Past Performance (4 Quarters) | Quarter | EPS Actual | EPS Estimate | Result | Reaction | |---|---|---|---|---| | Q2 FY25 | $2.22 | $2.23 | MISS | -5.3% | | Q3 FY25 | $2.13 | $2.10 | BEAT | -5.9% | | Q4 FY25 | $1.51 | $1.58 | MISS | +3.3% | | Q1 FY26 | $1.83 | $1.78 | +2.8% EPS | -2.8% | Q1 (April 29, 2026): EPS $1.83 vs $1.78 est^[FMP], +2.8% beat. D+1 movement: -2.8%^{[FMP D+1]}. Decline despite beat — market reacted to guidance, not numbers. ## 3 Scenarios ### Scenario A · Beat **Q1 EPS > $2.26 + CapEx discipline** Threshold: EPS > $2.26^{[FMP est]}. Target: Break above median target $129^{[FMP target]}; high target $135^[FMP] upper bound. ### Scenario B · In-Line **EPS ≈ $2.26 + CapEx < $196.0M** Threshold: EPS ≈ $2.26^{[FMP est]}, Q1 CapEx < $196.0M^[FMP]. Target: Consolidation in the band between current $110^[FMP] and median $129^[FMP]. ### Scenario C · Miss **EPS < $2.19 or CapEx ≥ $196.0M** Threshold: EPS < $2.19^{[FMP est×0.97]}. Target: Current $110 below SMA200 $108^[FMP], if rejection continues, $92^[derived] support activates. ## Risk Notes ### Primary segment below threshold Q1: EPS $1.83 vs $1.78 beat^[FMP], stock -2.8% D+1^[FMP]. ### Backlog concentration No RPO/backlog concentration disclosed in Q1 earnings call. ### Insider trading Form 4 data is marked in the table — this page does not generate assumptions for this stock. | Executive | Action | Amount | Date | |---|---|---|---| **Net:** — (0 transactions · 0 sells · 0 buys) · Q1 FY26 ### CapEx shock Q1 CapEx $196.0M^{[FMP cashflow]}. Q1 op margin 13.4%^{[FMP op margin]} — this level in Q1 is sensitive to CapEx revision risk. ## Wall Street Consensus - **Median target:** $129 (+17.7% upside vs current $110) - **High / Low:** $135 / $119 - **Buy / Hold / Sell:** 10 / 14 / 0 - **Analyst count:** 2 (last quarter), 61 all-time ## Additional Transcript Insights ### 1. aerospace_growth **Claim:** PPG's aerospace business is positioned for consistent growth in the next several years due to its highly specialized and qualified products for both OEM and aftermarket channels. **Evidence (transcript):** "And we are well positioned to deliver consistent growth in this key end market for the next several years." **Numbers:** — ### 2. aerospace_backlog **Claim:** The backlog in PPG's aerospace business remains at about $350 million despite year-over-year output increase. **Evidence (transcript):** "Our backlog remains at about $350 million despite year-over-year output increase." **Numbers:** $350 million ### 3. automotive_oem_outperformance **Claim:** PPG's automotive OEM business delivered flat sales volume which outpaced the decline in global automotive industry production by about 300 basis points. **Evidence (transcript):** "From a business unit standpoint, our automotive OEM business delivered flat sales volume which outpaced the decline in global automotive industry production by about 300 basis points." **Numbers:** 300 ### 4. industrial_coatings_share_gains **Claim:** PPG expects to launch additional share gains in the industrial segment throughout this year and into 2027. **Evidence (transcript):** "We expect to launch additional share gains in the industrial segment throughout this year and into 2027." **Numbers:** 2027 ### 5. raw_material_cost_impact **Claim:** With the impact of the Iran war, costs have risen for raw materials, energy, logistics and packaging, but PPG expects the impact to be a mid-single-digit percentage in the cost of goods sold for the remainder of the year. **Evidence (transcript):** "With the impact of the Iran war, costs have risen for raw materials, energy, logistics and packaging across the coatings value chain. In this rapidly evolving macro environment, we are focused on our ability to supply our technology differentiated products and services to our customers, which will allow us to maintain our organic growth momentum." **Numbers:** — ### 6. fy26_eps_guidance_reaffirmation **Claim:** PPG is reaffirming its full year 2026 EPS guidance range of $7.70 to $8.10, due to potential upside in areas such as its growing aerospace business, strong demand in its architectural coatings Mexico business, and faster than expected recovery in automotive refinish. **Evidence (transcript):** "As a result, we are reaffirming our full year 2026 EPS guidance range of $7.70 to $8.10." **Numbers:** $7.70, $8.10, 2026 --- *Data source: FMP (live query, 2026-05-09), Q1 FY2026 earnings call transcript (Translated to EN with Gemini 2.0 Flash). Educational tool, not investment advice.*