PPG Industries (PPG) official guidance

In a high level, what you should expect in 2026 and 2027. Is about a $100 million combined between restructuring and productivity actions, And the mix between restructuring, may shift a little bit, but that is that is how I think of it, Aleksey, is about $100 million total between those 2 for 2026 and 2027.

The company expects fourth quarter organic sales growth of a low single-digit percentage and company adjusted EBITDA margin in the range of flat to an increase of 100 basis points year over year.

In the fourth quarter, the company expects organic sales in the range of flat to growth of a low single-digit percentage year over year and EBITDA margin expansion.

In the fourth quarter, the company expects organic sales in the range of up or down a low single-digit percentage year over year and EBITDA margin compression due to the timing of index-based pricing.

In the fourth quarter, the company expects organic sales growth in the range of a low single-digit percentage to a mid-single-digit percentage year over year and EBITDA margin expansion driven by pricing actions and automotive refinish stabilization.

We are raising the midpoint of our full-year adjusted earnings per share outlook and narrowing the guidance range to $7.90 to $8.10.

In the fourth quarter, the company expects organic sales in the range of flat to growth of a low single-digit percentage year over year and EBITDA margin expansion.

In the fourth quarter, the company expects organic sales in the range of up or down a low single-digit percentage year over year and EBITDA margin compression due to the timing of index-based pricing.

In the fourth quarter, the company expects organic sales growth in the range of a low single-digit percentage to a mid-single-digit percentage year over year and EBITDA margin expansion driven by pricing actions and automotive refinish stabilization.

Looking ahead, we expect low single-digit percentage organic growth in the fourth quarter, led by aerospace, architectural coatings in Latin America, and packaging coatings.

I don't expect there to be anything changed from what was provided for. If we're operating from cash flow, we expect north of 10% on a sales basis. We expect that to be where we end up for the year.

In the second quarter, we covered about 90% of our cost of goods sold inflation with pricing, and we expect to reach 100% coverage by the fourth quarter.

We estimate cost of goods sold inflation in a range of mid-single digits to high single digit percentage between the second quarter and fourth quarters, and we have executed and remain poised to implement further selling price actions as necessary to fully offset inflation.

We expect third quarter organic sales growth at a range of a low single digit to a mid-single digit percentage, and company-adjusted EBITDA margin, which includes corporate expenses, to be in the range of a flat to a decline of 100 basis points year-over-year.

Quarterly aggregate organic sales growth for the segment is expected to be in the range of flat to positive low single-digit percentage compared to the third quarter of 2025, and year-over-year EBITDA margin is anticipated to be relatively flat.

For the segment in the second half of 2026, we expect modest organic sales growth and EBITDA margin compression due to the timing of index-based pricing.

In the third quarter, we expect organic sales growth for the segment in the range of mid to high single-digit percentage, and in the second half of 2026, we expect EBITDA margin expansion to return, driven by pricing actions and automotive Refinish stabilization.

Quarterly aggregate organic sales growth for the segment is expected to be in the range of flat to positive low single-digit percentage compared to the third quarter of 2025, and year-over-year EBITDA margin is anticipated to be relatively flat.

For the segment in the second half of 2026, we expect modest organic sales growth and EBITDA margin compression due to the timing of index-based pricing.

In the third quarter, we expect organic sales growth for the segment in the range of mid to high single-digit percentage, and in the second half of 2026, we expect EBITDA margin expansion to return, driven by pricing actions and automotive Refinish stabilization.