Net Sales Growth Across Regions
Net sales for 2026-Q2 increased 7.2% year-over-year to $4,495M, driven by higher sales volumes (+2%), selling price increases (+2%), favorable foreign currency translation (+2%), and acquisitions (+1%). Regional growth was led by Latin America (+13.0%) and Asia Pacific (+12.8%).
Segment Performance Divergence
Global Architectural Coatings segment income surged 15.6% to $185M due to price increases and Latin America volume gains. Conversely, Performance Coatings segment income fell 7.6% to $329M due to double-digit organic volume declines in automotive refinish, despite robust demand in aerospace.
Inflation Countermeasures and Middle East Conflict
Geopolitical conflicts in the Middle East drove higher costs for raw materials, energy, logistics, and packaging. PPG raised global selling prices by 2%, offsetting ~90% of second-quarter COGS inflation, and targets 100% offset by 2026-Q4.