PPG Completes Acquisition of Ozark Materials for $65 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 15 2026
0mins
Should l Buy PPG?
PPG (PPG) "announced that it has completed the acquisition of Ozark Materials, LLC, a U.S.-based provider of pavement marking solutions, from Ingevity Corporation (NGVT). The all-cash transaction includes a purchase price of $65 million, subject to customary adjustments. Ozark Materials serves customers across the United States and Canada and has a strong reputation for quality, service and operational excellence. The company has approximately 130 employees and well-established customer relationships that align closely with PPG's Traffic Solutions business."
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Analyst Views on PPG
Wall Street analysts forecast PPG stock price to rise
13 Analyst Rating
6 Buy
7 Hold
0 Sell
Moderate Buy
Current: 107.680
Low
109.00
Averages
116.92
High
130.00
Current: 107.680
Low
109.00
Averages
116.92
High
130.00
About PPG
PPG Industries, Inc. manufactures and distributes a broad range of paints, coatings and specialty products. Its segments include Global Architectural Coatings, Performance Coatings and Industrial Coatings. The Global Architectural Coatings segment consists of architectural coatings EMEA and architectural coatings Latin America and Asia Pacific operating segments. This segment primarily supplies paints, wood stains, adhesives, sealants and purchased sundries. The Performance Coatings segment consists of automotive refinish coatings, aerospace coatings, protective and marine coatings and traffic solutions operating segments. This segment primarily supplies a variety of coatings, solvents, adhesives, sealants, foams and finishes, along with pavement marking products, transparencies and paint films. The Industrial Coatings segment supplies a variety of protective and decorative coatings and finishes along with adhesives, sealants, metal pretreatment products, and other specialty products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
PPG Industries Q1 2026 Earnings Highlights
- Sales Growth Performance: PPG achieved net sales of $3.9 billion in Q1 2026, reflecting a 1% year-over-year increase, demonstrating resilience in growth despite macroeconomic challenges, particularly driven by its aerospace and PPG Comex businesses.
- Profitability Maintenance: Adjusted earnings per share stood at $1.83 with an EBITDA margin exceeding 19%, despite rising costs from the Iran conflict; management anticipates offsetting these costs through proactive pricing strategies.
- Capital Returns and Investments: The company repaid $700 million in debt during Q1 and returned approximately $260 million to shareholders through dividends and share repurchases, while maintaining a backlog of $315 million in aerospace, indicating strong market demand.
- Future Outlook: Management reaffirmed the full-year 2026 EPS guidance range of $7.70 to $8.10, expecting flat organic sales growth in Q2, while actively adjusting prices to ensure profitability amidst rising raw material costs.
See More
PPG Industries Surpasses Q1 Profit and Revenue Estimates
- Earnings Beat: PPG reported net sales of $3.93 billion for Q1, a 7% increase year-over-year, exceeding analysts' expectations of $3.85 billion, indicating strong demand in aerospace and coatings sectors.
- Price Increases: The company announced price hikes of up to 20% across its paints and specialty products portfolio to counter rising raw material, energy, and logistics costs, ensuring stable profit margins.
- Segment Performance: PPG's performance coatings segment saw a 5% increase in quarterly net sales to $1.33 billion, driven by robust demand in aerospace, protective, and marine coatings, showcasing market resilience.
- Future Outlook: The company forecasts flat to low-single-digit adjusted earnings growth for Q2 while maintaining its full-year EPS guidance at $7.70 to $8.10, reflecting cautious optimism about market conditions.
See More
PPG Industries Q1 Earnings Exceed Expectations
- Earnings Beat: PPG Industries reported a Q1 non-GAAP EPS of $1.83, exceeding expectations by $0.06, reflecting strong market performance and boosting investor confidence.
- Revenue Growth: The company achieved $3.9 billion in revenue for Q1, a 6.0% year-over-year increase that surpassed market expectations by $50 million, indicating sustained growth across its business segments and robust market demand.
- Margin Stability: The segment margin stood at 16% with an EBITDA margin of 19%, as PPG successfully implemented price hikes to stabilize margins, enhancing the sustainability of future profitability.
- Share Repurchase Program: PPG executed approximately $100 million in share repurchases during the quarter, demonstrating confidence in its intrinsic value while providing additional returns to shareholders, further solidifying its status as a dividend aristocrat.
See More
PPG Appoints New Chief Financial Officer
- Executive Transition: PPG's Board of Directors appointed Jamie A. Beggs as Chief Financial Officer effective July 6, replacing the retiring Vincent J. Morales, marking a significant shift in the company's financial leadership aimed at ensuring continuity and stability in financial management.
- Extensive Experience: With over 25 years of financial leadership experience in both public and private organizations focusing on specialty materials and diverse markets, Beggs is expected to bring new strategic insights and financial management capabilities to PPG.
- Transition Collaboration: Beggs will work closely with outgoing CFO Morales over the coming months to ensure a smooth transition, a move that helps maintain operational stability and mitigate potential management risks during the leadership change.
- Reporting Structure: Beggs will report to PPG Chairman and CEO Timothy M. Knavish and will join the executive and operating committees, further enhancing collaboration and efficiency in high-level decision-making.
See More
PPG Industries Set to Announce Q1 Earnings on April 28
- Earnings Announcement: PPG Industries is set to release its Q1 2023 earnings report on April 28 after market close, with consensus EPS estimate at $1.77, reflecting a 2.9% year-over-year increase, and revenue expected at $3.85 billion, up 4.6% year-over-year.
- Historical Performance: Over the past two years, PPG has exceeded EPS estimates 38% of the time and revenue estimates 50% of the time, indicating a degree of stability in its financial performance.
- Estimate Revisions: In the last three months, EPS estimates have seen three upward revisions and six downward revisions, while revenue estimates experienced seven upward revisions and two downward revisions, highlighting market divergence regarding PPG's future performance.
- Impact of Price Increases: PPG recently announced price hikes of up to 20% across all products and reported a preliminary adjusted EPS of $1.83 for Q1, indicating the company's strategy to stabilize margins and enhance market confidence through pricing actions.
See More
U.S. Stocks Near All-Time Highs as Investors Eye Tech Giants' Earnings
- Strong Market Performance: The S&P 500 and Nasdaq Composite indices reached new all-time highs in April, rising over 8% and 13% respectively, indicating robust market resilience despite ongoing geopolitical tensions and AI disruption concerns, reflecting investor confidence in tech stocks.
- Earnings Pressure on Tech Giants: Next week, five of the 'Magnificent Seven' companies will report earnings, with market expectations for them to demonstrate sufficient revenue growth to justify their high AI expenditures; Alphabet, Amazon, Meta, and Microsoft have all seen stock price increases of over 10% this month, highlighting the market's keen interest in their performance.
- Federal Reserve Meeting Impact: This is expected to be Jerome Powell's last meeting as chair, with the market widely anticipating that the Fed will keep interest rates unchanged, although rising oil prices could complicate future monetary policy, necessitating close attention to how this dynamic may affect the market.
- Cautious Investor Sentiment: As the traditional market adage 'Sell in May' approaches, investors remain wary of potential downside risks, particularly in light of poor software stock performance and rising oil prices, which could further dampen market sentiment.
See More
PPG Industries Q1 2026 Earnings Highlights
- Sales Growth Performance: PPG achieved net sales of $3.9 billion in Q1 2026, reflecting a 1% year-over-year increase, demonstrating resilience in growth despite macroeconomic challenges, particularly driven by its aerospace and PPG Comex businesses.
- Profitability Maintenance: Adjusted earnings per share stood at $1.83 with an EBITDA margin exceeding 19%, despite rising costs from the Iran conflict; management anticipates offsetting these costs through proactive pricing strategies.
- Capital Returns and Investments: The company repaid $700 million in debt during Q1 and returned approximately $260 million to shareholders through dividends and share repurchases, while maintaining a backlog of $315 million in aerospace, indicating strong market demand.
- Future Outlook: Management reaffirmed the full-year 2026 EPS guidance range of $7.70 to $8.10, expecting flat organic sales growth in Q2, while actively adjusting prices to ensure profitability amidst rising raw material costs.
See More
PPG Industries Surpasses Q1 Profit and Revenue Estimates
- Earnings Beat: PPG reported net sales of $3.93 billion for Q1, a 7% increase year-over-year, exceeding analysts' expectations of $3.85 billion, indicating strong demand in aerospace and coatings sectors.
- Price Increases: The company announced price hikes of up to 20% across its paints and specialty products portfolio to counter rising raw material, energy, and logistics costs, ensuring stable profit margins.
- Segment Performance: PPG's performance coatings segment saw a 5% increase in quarterly net sales to $1.33 billion, driven by robust demand in aerospace, protective, and marine coatings, showcasing market resilience.
- Future Outlook: The company forecasts flat to low-single-digit adjusted earnings growth for Q2 while maintaining its full-year EPS guidance at $7.70 to $8.10, reflecting cautious optimism about market conditions.
See More
PPG Industries Q1 Earnings Exceed Expectations
- Earnings Beat: PPG Industries reported a Q1 non-GAAP EPS of $1.83, exceeding expectations by $0.06, reflecting strong market performance and boosting investor confidence.
- Revenue Growth: The company achieved $3.9 billion in revenue for Q1, a 6.0% year-over-year increase that surpassed market expectations by $50 million, indicating sustained growth across its business segments and robust market demand.
- Margin Stability: The segment margin stood at 16% with an EBITDA margin of 19%, as PPG successfully implemented price hikes to stabilize margins, enhancing the sustainability of future profitability.
- Share Repurchase Program: PPG executed approximately $100 million in share repurchases during the quarter, demonstrating confidence in its intrinsic value while providing additional returns to shareholders, further solidifying its status as a dividend aristocrat.
See More
PPG Appoints New Chief Financial Officer
- Executive Transition: PPG's Board of Directors appointed Jamie A. Beggs as Chief Financial Officer effective July 6, replacing the retiring Vincent J. Morales, marking a significant shift in the company's financial leadership aimed at ensuring continuity and stability in financial management.
- Extensive Experience: With over 25 years of financial leadership experience in both public and private organizations focusing on specialty materials and diverse markets, Beggs is expected to bring new strategic insights and financial management capabilities to PPG.
- Transition Collaboration: Beggs will work closely with outgoing CFO Morales over the coming months to ensure a smooth transition, a move that helps maintain operational stability and mitigate potential management risks during the leadership change.
- Reporting Structure: Beggs will report to PPG Chairman and CEO Timothy M. Knavish and will join the executive and operating committees, further enhancing collaboration and efficiency in high-level decision-making.
See More
PPG Industries Set to Announce Q1 Earnings on April 28
- Earnings Announcement: PPG Industries is set to release its Q1 2023 earnings report on April 28 after market close, with consensus EPS estimate at $1.77, reflecting a 2.9% year-over-year increase, and revenue expected at $3.85 billion, up 4.6% year-over-year.
- Historical Performance: Over the past two years, PPG has exceeded EPS estimates 38% of the time and revenue estimates 50% of the time, indicating a degree of stability in its financial performance.
- Estimate Revisions: In the last three months, EPS estimates have seen three upward revisions and six downward revisions, while revenue estimates experienced seven upward revisions and two downward revisions, highlighting market divergence regarding PPG's future performance.
- Impact of Price Increases: PPG recently announced price hikes of up to 20% across all products and reported a preliminary adjusted EPS of $1.83 for Q1, indicating the company's strategy to stabilize margins and enhance market confidence through pricing actions.
See More
U.S. Stocks Near All-Time Highs as Investors Eye Tech Giants' Earnings
- Strong Market Performance: The S&P 500 and Nasdaq Composite indices reached new all-time highs in April, rising over 8% and 13% respectively, indicating robust market resilience despite ongoing geopolitical tensions and AI disruption concerns, reflecting investor confidence in tech stocks.
- Earnings Pressure on Tech Giants: Next week, five of the 'Magnificent Seven' companies will report earnings, with market expectations for them to demonstrate sufficient revenue growth to justify their high AI expenditures; Alphabet, Amazon, Meta, and Microsoft have all seen stock price increases of over 10% this month, highlighting the market's keen interest in their performance.
- Federal Reserve Meeting Impact: This is expected to be Jerome Powell's last meeting as chair, with the market widely anticipating that the Fed will keep interest rates unchanged, although rising oil prices could complicate future monetary policy, necessitating close attention to how this dynamic may affect the market.
- Cautious Investor Sentiment: As the traditional market adage 'Sell in May' approaches, investors remain wary of potential downside risks, particularly in light of poor software stock performance and rising oil prices, which could further dampen market sentiment.
See More
