$PPG

After-hours movers: Robinhood (HOOD) fell 5% with lower 2026 expense forecast. Seagate (STX) sank 6% despite earnings beat. NXP (NXPI) dropped 9% on in-line revenue outlook. F5 (FFIV) slid 1% with margins slightly below estimates. Visa (V) dipped 2% on lower margin. CoStar (CSGP) fell 11% despite earnings beat and acquisition. Manhattan Associates (MAN) rose 10% on raised guidance. PPG (PPG) jumped 7% on earnings beat and raised outlook. Enphase (ENPH) dropped 14% on lower revenue projections.

PPG Industries (NYSE:PPG) reported Q3 adjusted EPS of $2.25, beating estimates by $0.12, with revenue of $4.4B, up 7% YoY. The company raised its 2026 adjusted EPS guidance to $7.90-$8.10. Shares rose 7.55% after hours. Organic sales increased 5% YoY, led by aerospace and architectural coatings in Latin America. The Performance Coatings segment saw 8% organic sales growth, while the Industrial Coatings segment's EBITDA margin declined due to cost inflation.

Seagate (STX) dropped 7% post-market despite strong Q1 results and upbeat guidance. Enphase (ENPH) fell 10% after missing Q3 estimates and delivering a weak Q4 outlook. Robinhood (HOOD) slid 5% on mixed Q3 results. Visa (V) edged down 2% after fiscal Q4 report. CoStar (CSGP) dropped 11% despite beating Q3 targets. DMC Global (BOOM) surged 16% on strong Q3 earnings. The Cheesecake Factory (CAKE) rose 4% after topping Q3 expectations. PPG (PPG) jumped 7.5% on fiscal Q3 beat-and-raise.

PPG INDUSTRIES INC (PPG) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99 News Media Contact: Greta Edgar Borza Corporate Communications +1-724-316-7552 edgar@ppg.com Investor Contact: Alex Lopez Investor Relations +1-412-434-3466 alejandrolopez@ppg.com investor.ppg.com PPG reports record third quarter 2026 EPS and raises midpoint of full-ye

PPG's Steelguard 951 paint, used in data centers, has seen sales surge as tech giants expand AI infrastructure. PPG expects data center paint sales to triple this year, outpacing its 7% total revenue growth in the latest quarter. Rival Sherwin-Williams also reports midteens percentage growth in protective paints for data centers. Both companies highlight the increasing demand for their products in the AI-driven data center boom.

Barclays analyst Aleksey Yefremov identifies Axalta Coating Systems (AXTA) and PPG Industries (PPG) as attractive investments in the coatings industry. The sector is projected to grow to $144.79 billion by 2034. AXTA is set to merge with AkzoNobel, with Yefremov expecting transformational benefits. PPG, a leader in paints and coatings, has a diverse product portfolio. Both stocks are seen as having double-digit upside potential.

Blue Origin will invest $550M in a Texas manufacturing campus for satellite programs, creating 2,000 jobs. Cleveland-Cliffs is expanding its Pennsylvania facility for $200M, with DOE support. PPG plans a $70M expansion in Alabama for aerospace transparencies. Accu-Precision will invest $68M in a Colorado facility for aerospace parts. Xingyu and Re:Build also announced U.S. manufacturing investments.

PPG plans to invest $70 million to expand its aerospace transparencies plant in Alabama, adding a 112,000-square-foot building for support activities. The company manufactures specialized aircraft windows and coatings, benefiting from increased demand in the sector. According to PPG, the expansion will support its main manufacturing facility in Huntsville, Alabama.

Goldman Sachs cut PPG Industries' (NYSE:PPG) price target to $128 from $131, citing lower peer multiples, while maintaining a Buy rating. The stock trades at $104.58, with a P/E ratio of 15.17. PPG reported Q2 2026 revenue of $4.5B, beating estimates, but missed profit expectations. Analysts highlight risks from macro demand and raw material costs, but note potential upside.

Goldman Sachs cut Sherwin-Williams' (SHW) price target to $410 from $420, citing lower peer multiples. It also adjusted targets for Axta (AXTA), PPG (PPG), Tronox (TROX), Kronos (KRO), and Chemours (CC). Goldman noted mixed industry trends, including stable architectural coatings demand and raw material headwinds. Price targets were lowered for SHW, PPG, TROX, KRO, and CC, while AXTA's target was raised.