By Kelly Cloonan

PPG is raising prices across all of its product lines and services by up to 20% as it contends with higher costs for raw materials, energy, logistics and packaging.

The paints and coatings company said those cost pressures have been driven by recent volatility and supply constraints in the petrochemical, energy and transportation markets. The higher prices aim to ensure PPG can continue to supply its products, the company said.

"Our top priority remains supporting our customers with consistent quality, dependable supply and technical expertise, even as market conditions remain highly dynamic," Chief Executive Tim Knavish said.

PPG is implementing the price increases on a customer-by-customer basis, or as existing contracts allow. The company said it may hike prices further for certain products, technologies and regions to fully offset the increased costs, and may raise prices further in the future as market conditions evolve.

The company also reported higher earnings for the first quarter as organic sales grew.

PPG recorded first-quarter earnings per share of $1.70, up from $1.64 in the same period a year ago.

Adjusted earnings per share were $1.83, compared with analyst estimates of $1.70, according to FactSet.

Knavish said the company also recorded organic sales growth, with positive selling prices and flat sales volumes. The results were driven in part by strength in its differentiated architectural coatings Latin America and aerospace businesses, he said.

For the current quarter, the company projects both organic sales and adjusted earnings per share in the range of flat to low single-digit percentage growth versus the prior-year period.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

April 15, 2026 16:54 ET (20:54 GMT)

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