PPG Industries — Jul 28, 2026 release

Segment EBITDA increased 14% and segment EBITDA margin improved 100 basis points compared to the prior year with realization of higher selling prices and cost-control actions partially offset by cost of goods sold inflation. In the third quarter, the company expects organic sales in the range of flat to a low single-digit percentage growth year over year and EBITDA margin to be relatively flat. Performance Coatings Segment $ in millions 2Q 2026 2Q 2025 YOY change Net sales $1,619 $1,512 +7% Sales volumes —% Selling prices +3% Foreign currency translation +1% Acquisitions +3% Segment income $329 $356 (8)% Segment income % 20.3% 23.5% Segment EBITDA (a) $368 $389 (5)% Segment EBITDA % 22.7% 25.7% (a) Reconciliations of reported to adjusted figures are included below Performance Coatings segment net sales increased 7% due to higher selling prices, a benefit from foreign currency translation, and acquisitions. Organic sales improved 3% compared to the prior year led by aerospace, protective and marine coatings, and traffic solutions, partially offset by year-over-year sales volume declines in automotive refinish coatings. Aerospace achieved exceptional quarterly sales with double-digit percentage organic sales growth, while our order backlog remained near $300 million. Organic sales in automotive refinish coatings decreased by a double-digit percentage as sales volumes were lower, reflecting both a challenging comparison to customer order patterns in the second quarter of 2025 and a slower recovery in underlying industry demand. Protective and marine coatings organic sales