PPG Industries — Jul 28, 2026 release

Looking ahead, we expect robust organic sales growth across most of our businesses in the third quarter, with aggregate growth in the low single-digit to mid-single-digit percentage range, led by strength in aerospace, Latin American architectural coatings, and packaging coatings. We are reaffirming our full-year earnings per share guidance range of $7.70 to $8.10. This demonstrates our confidence in our earnings trajectory given our positive momentum, realization of pricing, and execution of self-help actions. Thank you to our PPG team around the world who make it happen and deliver on our purpose every day: We protect and beautify the world®. Additional Financial Information • Net sales in the quarter increased 7% year over year, due to higher sales volumes of 2%, higher selling prices of 2%, positive foreign currency translation of 2% and acquisitions of 1% • At quarter end, the company had cash and short-term investments totaling $1.6 billion • Net debt was $5.3 billion, a decrease of $415 million from the second quarter 2025 • In the second quarter, issued long-term bonds of CHF320 million due in 2030 and 2034, at a rate of 1.22% and 1.66%, respectively • Corporate expenses were $91 million in the second quarter, $83 million exclusive of depreciation and amortization • Second quarter net interest expense was $29 million • In the second quarter, the effective tax rate was 22.3% and the adjusted effective tax rate was 22.5%, down approximately 100 basis points year over year Second Quarter 2026 Reportable Segment Financial Results Global