PPG's IT Team Wins 'Tech Team of the Year' Award
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 30 2026
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Should l Buy PPG?
Source: Newsfilter
- Cloud Transformation Achievement: PPG's IT team received the 'Tech Team of the Year' award from the Pittsburgh Technology Council for its landmark cloud-only transformation, successfully closing eight global data centers and migrating or retiring over 5,000 workloads, resulting in over $4 million in annual savings, significantly reducing environmental impact and accelerating business agility.
- Increased Developer Efficiency: The new system's features enhanced developer speed and efficiency by up to 80%, not only strengthening security and compliance but also improving cost transparency, thereby providing stronger support for the company in a competitive market.
- Empowering Global Business: PPG's Cloud Platforms and Solutions team enables rapid innovation and responsible scaling across global businesses, ensuring the company can confidently harness modern cloud and AI technologies, positioning itself as the preferred coatings partner worldwide.
- Strong Financial Performance: PPG reported net sales of $15.9 billion in 2025, showcasing its robust service capabilities in construction, consumer products, industrial, and transportation markets, further solidifying its market leadership.
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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: 109.610
Low
109.00
Averages
116.92
High
130.00
Current: 109.610
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.
DuPont Surpasses Earnings Expectations, Shares Surge
- Impressive Earnings: DuPont reported revenue of $1.68 billion for the quarter ending in March, a 4% increase year-over-year, surpassing the market expectation of $1.67 billion, demonstrating the company's resilience amid disruptions from the Iran conflict.
- Profitability Boost: Adjusted earnings per share reached 55 cents, exceeding the 48-cent consensus and reflecting a remarkable 53% year-over-year increase, showcasing the company's effective strategies in cost control and price increases.
- Positive Market Reaction: Following the earnings report, DuPont's stock surged 9% to over $49, indicating investor confidence in the company's growth potential, particularly in its healthcare and water treatment sectors.
- Optimistic Outlook: DuPont raised its full-year organic sales growth forecast to 4% and expects second-quarter net sales of $1.8 billion, indicating the company's ability to maintain stable growth despite rising input costs.
See More
Inflation Impacts Paint Demand for Benjamin Moore
- Cautious Consumer Spending: Benjamin Moore's CEO Dan Calkins highlighted that consumers are spending less on paint due to elevated inflation and interest rates, indicating a softening market for the company.
- Decline in Home Sales: Existing home sales fell by 3.6% in March to a seasonally adjusted annual rate of 3.98 million, marking a nine-month low, as Middle East conflicts raised gas prices and weakened household purchasing power, exacerbating market sluggishness.
- Rising Mortgage Rates: As of April 30, the average 30-year mortgage rate increased to 6.30% from 6.15% at year-end, with Calkins previously hoping rates would drop below 5%, thus placing greater financial strain on potential homebuyers.
- Shift in Product Sales Trends: Calkins noted that many customers who typically purchase premium products are now opting for mid-range options due to increased spending on gas and groceries, prompting Benjamin Moore to adjust its sales strategy to align with changing consumer behavior.
See More
PPG Industries Reports Solid Q1 Performance Amid Challenges
- Sustained Sales Growth: PPG Industries reported net sales of $3.9 billion in Q1 2026, reflecting a 7% year-over-year increase and 1% organic sales growth, marking the fifth consecutive quarter of year-over-year improvement, demonstrating the company's resilience in a challenging macro environment.
- Strong Aerospace Performance: The aerospace segment reported a backlog of approximately $350 million, with Knavish noting that demand is expected to remain robust, and the company has invested about $150 million to enhance capacity, indicating a strategic focus on this growth area.
- Cost Management Strategy: In response to rising raw material and logistics costs, PPG anticipates offsetting mid-single-digit percentage increases through pricing actions, with Knavish highlighting that previous cycles took over a year to achieve price-cost neutrality, whereas now it is expected to take only months.
- Shareholder Returns and Restructuring Plans: PPG ended the quarter with about $1.6 billion in cash, repaid $700 million of maturing debt, and returned approximately $260 million to shareholders through dividends and share repurchases, while planning to close four manufacturing plants in the second half of 2026 to achieve an annual fixed-cost reduction of $25 million.
See More
PPG's IT Team Wins 'Tech Team of the Year' Award
- Cloud Transformation Achievement: PPG's IT team received the 'Tech Team of the Year' award from the Pittsburgh Technology Council for its landmark cloud-only transformation, successfully closing eight global data centers and migrating or retiring over 5,000 workloads, resulting in over $4 million in annual savings, significantly reducing environmental impact and accelerating business agility.
- Increased Developer Efficiency: The new system's features enhanced developer speed and efficiency by up to 80%, not only strengthening security and compliance but also improving cost transparency, thereby providing stronger support for the company in a competitive market.
- Empowering Global Business: PPG's Cloud Platforms and Solutions team enables rapid innovation and responsible scaling across global businesses, ensuring the company can confidently harness modern cloud and AI technologies, positioning itself as the preferred coatings partner worldwide.
- Strong Financial Performance: PPG reported net sales of $15.9 billion in 2025, showcasing its robust service capabilities in construction, consumer products, industrial, and transportation markets, further solidifying its market leadership.
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
DuPont Surpasses Earnings Expectations, Shares Surge
- Impressive Earnings: DuPont reported revenue of $1.68 billion for the quarter ending in March, a 4% increase year-over-year, surpassing the market expectation of $1.67 billion, demonstrating the company's resilience amid disruptions from the Iran conflict.
- Profitability Boost: Adjusted earnings per share reached 55 cents, exceeding the 48-cent consensus and reflecting a remarkable 53% year-over-year increase, showcasing the company's effective strategies in cost control and price increases.
- Positive Market Reaction: Following the earnings report, DuPont's stock surged 9% to over $49, indicating investor confidence in the company's growth potential, particularly in its healthcare and water treatment sectors.
- Optimistic Outlook: DuPont raised its full-year organic sales growth forecast to 4% and expects second-quarter net sales of $1.8 billion, indicating the company's ability to maintain stable growth despite rising input costs.
See More
Inflation Impacts Paint Demand for Benjamin Moore
- Cautious Consumer Spending: Benjamin Moore's CEO Dan Calkins highlighted that consumers are spending less on paint due to elevated inflation and interest rates, indicating a softening market for the company.
- Decline in Home Sales: Existing home sales fell by 3.6% in March to a seasonally adjusted annual rate of 3.98 million, marking a nine-month low, as Middle East conflicts raised gas prices and weakened household purchasing power, exacerbating market sluggishness.
- Rising Mortgage Rates: As of April 30, the average 30-year mortgage rate increased to 6.30% from 6.15% at year-end, with Calkins previously hoping rates would drop below 5%, thus placing greater financial strain on potential homebuyers.
- Shift in Product Sales Trends: Calkins noted that many customers who typically purchase premium products are now opting for mid-range options due to increased spending on gas and groceries, prompting Benjamin Moore to adjust its sales strategy to align with changing consumer behavior.
See More
PPG Industries Reports Solid Q1 Performance Amid Challenges
- Sustained Sales Growth: PPG Industries reported net sales of $3.9 billion in Q1 2026, reflecting a 7% year-over-year increase and 1% organic sales growth, marking the fifth consecutive quarter of year-over-year improvement, demonstrating the company's resilience in a challenging macro environment.
- Strong Aerospace Performance: The aerospace segment reported a backlog of approximately $350 million, with Knavish noting that demand is expected to remain robust, and the company has invested about $150 million to enhance capacity, indicating a strategic focus on this growth area.
- Cost Management Strategy: In response to rising raw material and logistics costs, PPG anticipates offsetting mid-single-digit percentage increases through pricing actions, with Knavish highlighting that previous cycles took over a year to achieve price-cost neutrality, whereas now it is expected to take only months.
- Shareholder Returns and Restructuring Plans: PPG ended the quarter with about $1.6 billion in cash, repaid $700 million of maturing debt, and returned approximately $260 million to shareholders through dividends and share repurchases, while planning to close four manufacturing plants in the second half of 2026 to achieve an annual fixed-cost reduction of $25 million.
See More
PPG's IT Team Wins 'Tech Team of the Year' Award
- Cloud Transformation Achievement: PPG's IT team received the 'Tech Team of the Year' award from the Pittsburgh Technology Council for its landmark cloud-only transformation, successfully closing eight global data centers and migrating or retiring over 5,000 workloads, resulting in over $4 million in annual savings, significantly reducing environmental impact and accelerating business agility.
- Increased Developer Efficiency: The new system's features enhanced developer speed and efficiency by up to 80%, not only strengthening security and compliance but also improving cost transparency, thereby providing stronger support for the company in a competitive market.
- Empowering Global Business: PPG's Cloud Platforms and Solutions team enables rapid innovation and responsible scaling across global businesses, ensuring the company can confidently harness modern cloud and AI technologies, positioning itself as the preferred coatings partner worldwide.
- Strong Financial Performance: PPG reported net sales of $15.9 billion in 2025, showcasing its robust service capabilities in construction, consumer products, industrial, and transportation markets, further solidifying its market leadership.
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
