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Sentiment · FY2026 Q2
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Dave Begleiter | Deutsche Bank | 8 (13%) |
| Kevin McCarthy | Vertical Research Partners | 7 (29%) |
| Ghansham Panjabi | Robert W. Baird | 7 (0%) |
| John Roberts | Mizuho Securities | 7 (0%) |
| Chris Parkinson | Wolfe Research | 7 (0%) |
| Duffy Fischer | Goldman Sachs | 6 (17%) |
| Patrick Cunningham | Citigroup | 6 (0%) |
| Vincent Andrews | Morgan Stanley | 6 (33%) |
| Josh Spector | UBS | 6 (33%) |
| John McNulty | BMO Capital Markets | 6 (50%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Deutsche Bank | 1 | 8 (13%) |
| Vertical Research Partners | 1 | 7 (29%) |
| Mizuho Securities | 1 | 7 (0%) |
| Morgan Stanley |
PPG posted Q1 adjusted EPS of $1.83, up 6%, with net sales of $3.9 billion increasing 7% year-over-year on 1% organic growth. Aerospace continued double-digit growth with a $350 million backlog, and Global Architectural segment income surged over 30%. Management reaffirmed FY2026 EPS guidance of $7.70-$8.10 despite geopolitical headwinds, while PMC delivered its twelfth consecutive quarter of volume growth.
Demand | Competitive Dynamics | Margin | Revenue Growth | Capital Allocation | Guidance Reliability | Geographic Expansion | Pricing | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 4 | 2 | 2 | 4 | 2 | 3 | 3 | 2 |
| 2025Q1 | 12 | 5 | 3 | 4 | 1 | 4 | 2 | 2 |
| 2025Q2 | 8 | 5 | 5 | 5 | 2 | 1 | 2 | |
| 2025Q3 | 5 | 3 | 3 | 2 | 4 | 1 | 2 | 1 |
| 2025Q4 | 6 | 4 | 3 | 3 | 2 | 3 | 2 | 1 |
| 2026Q1 | 6 | 2 | 4 | 1 | 2 | 1 | 5 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 4 | 12 | 8 | 5 | 6 | 6 |
| Competitive Dynamics | 2 | 5 | 5 | 3 | 4 | 2 |
| Margin | 2 | 3 | 5 | 3 | 3 | 4 |
| Revenue Growth | 4 | 4 | 5 | 2 | 3 | 1 |
| Capital Allocation | 2 | 1 | 2 | 4 | 2 | 2 |
| Guidance Reliability | 3 | 4 | 1 | 1 | 3 | |
| Geographic Expansion | 3 | 2 | 2 | 2 | 2 | 1 |
| Pricing | 2 | 2 | 1 | 1 | 5 |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $2.17B | -4.7% | $-1.20 | -415.8% | 17.6% | -12.9% | $148M |
| FY2025 Q1 | $3.68B | -4.0% | $1.63 | -3.6% | 13.1% | 10.1% | $-227M |
| FY2025 Q2 | $4.20B | -0.9% | $1.98 | -11.6% | 15.5% | 10.7% |
| 2 |
| 7 (29%) |
| Robert W. Baird | 1 | 7 (0%) |
| UBS | 2 | 7 (29%) |
| Fermium Research | 2 | 7 (0%) |
| Wolfe Research | 1 | 7 (0%) |
| $266M |
| FY2025 Q3 | $4.08B | +1.0% | $2.00 | 0.0% | 10.7% | 11.1% | $538M |
| FY2025 Q4 | $3.91B | +5.0% | $1.33 | +210.8% | 11.5% | 7.7% | $586M |
| FY2026 Q1 | $3.93B | +6.7% | $1.70 | +4.3% | 13.4% | 9.7% | $-163M |
| FY2026 Q2 | $4.50B | +7.2% | $1.95 | -1.5% | 14.1% | 9.7% | $472M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
PPG PPG Industries | 6 | +6.7% | |
| ALB Albemarle Corporation | 9 | +32.7% | |
| APD Air Products | 9 | +8.8% | |
| DD DuPont | 6 | -45.2% | |
| ECL Ecolab | 7 | +10.0% | |
| IFF International Flavors & Fragrances | 6 | -3.6% | |
| LIN Linde plc | 9 | +8.3% | |
| LYB LyondellBasell | 4 | -6.3% | |
| SHW The Sherwin-Williams Company | 6 | +6.8% |