PPG — what changed in the latest 10-Q
A section-by-section comparison of PPG's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-07-29 vs the prior 10-Q · 2026-04-29
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +54 | −36 | ~14 | 25 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~5 | 0 |
| Controls & procedures | No paragraph-level changes | 0 | 0 | 0 | 2 |
| Legal proceedings | Text added/removed | 0 | 0 | ~3 | 7 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | −1 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-07-29
Income before income taxes was $569 million for the three months ended June 30, 2026, a decrease of $29 million compared to the prior year. Earnings growth in the aerospace and architectural coatings Latin America businesses was offset by lower sales volumes in automotive refinish coatings.
For specific business results, see the Performance of Reportable Business Segments section within Item 2 of this Form 10-Q.
Cost of sales, exclusive of depreciation and amortization, increased $388 million primarily due to higher sales volumes, raw material cost inflation and the unfavorable impact of foreign currency translation.
Selling, general and administrative expense increased $106 million primarily due to overhead cost inflation and the unfavorable impact of foreign currency translation, partially offset by cost-control measures.
Depreciation expense increased $22 million primarily due to higher capital spending in 2025.
Text removed vs the prior filing · source: 10-Q · 2026-04-29
Income before income taxes was $517 million for the three months ended March 31, 2026, an increase of $15 million compared to the prior year, primarily due to higher selling prices, the favorable impact of foreign currency translation, and cost-control measures, partially offset by higher net intere…
Cost of sales, exclusive of depreciation and amortization$2,275 $2,142 6.2 %
Depreciation expense increased $16 million primarily due to higher capital spending in 2025.
Other income, net decreased by $18 million primarily due to the absence of a first quarter 2025 gain on an insurance reimbursement related to damages incurred at a southern U.S. factory from a winter storm in 2021, the absence of a first quarter 2025 gain on the sale of the Company's remaining Russi…
($ in millions, except percentages and amounts per share)202620252026 vs. 2025
Other information
Text removed vs the prior filing · source: 10-Q · 2026-04-29
Rule 10b5-1 trading arrangement," as each term is defined in Item 408(a) of Regulation S-K of the Securities Exchange Act of 1934.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice