Welcome to our dedicated page for PPG Industries news (Ticker: PPG), a resource for investors and traders seeking the latest updates and insights on PPG Industries stock.
PPG Industries, Inc. (symbol: PPG) is a global leader in the production of high-quality coatings and specialty materials. Established in 1883 and headquartered in Pittsburgh, PPG operates in over 70 countries worldwide. The company is committed to delivering innovative and sustainable solutions that customers trust to protect and beautify their products and surroundings.
PPG’s operations span across various markets, including automotive, aerospace, construction, and industrial. The company is recognized as the world’s largest producer of coatings after acquiring assets from Akzo Nobel. Additionally, notable acquisitions like Comex demonstrate PPG’s focus on expanding into emerging regions.
Renowned for its leadership in innovation, sustainability, and color, PPG constantly seeks to add value to its customer base, providing advanced products that enhance more surfaces than any other company. The company’s financial strength is evident, with a reported net sales of $15.4 billion in 2014, and its shares being traded on the New York Stock Exchange under the symbol PPG.
Recent Achievements and Current Projects
- PPG has recently made significant strides in sustainable product development, ensuring that its offerings meet stringent environmental standards.
- The company is involved in various projects aimed at enhancing product durability and aesthetic appeal, tailored to the specific needs of different markets.
- Partnerships with leading automotive and aerospace companies have solidified PPG’s position as a trusted supplier of advanced coatings and materials.
By consistently innovating and adapting to market demands, PPG Industries, Inc. continues to reinforce its vision of being the world's leading coatings company.
PPG (NYSE: PPG) announced its GLIDDEN MAX FLEX™ spray paint and primer received the Best of What’s New Award 2022 from Popular Science in the home category. This product features a revolutionary lacquer-based formula allowing for ultra-durable coating on various surfaces with a quick five-minute dry time. The spray paint effectively eliminates common issues like dripping and long drying times. Currently available at select Home Depot locations, Glidden Max Flex is a collaborative innovation between two PPG business units, showcasing the company's commitment to delivering high-quality products.
PPG has announced that Michael McGarry, chairman and CEO, received the Industrialist of the Year Award from the Western Pennsylvania Chapter of the Society of Industrial and Office Realtors. This award highlights McGarry's positive contributions to the industry and community. McGarry has led PPG since 2015, overseeing significant company initiatives including the Colorful Communities program, which has completed over 400 global projects since its launch in 2005. PPG currently operates in 75 countries with net sales of
PPG (NYSE: PPG) achieved a score of 90 on the 2022 CPA-Zicklin Index, marking it as a “trendsetter” in corporate political disclosure and accountability. This score reflects PPG's commitment to transparency and integrity in its political spending practices. The CPA-Zicklin Index evaluates companies on 24 metrics related to their electoral spending transparency. PPG's government affairs team actively engages with policymakers to promote business-friendly regulations across various areas, including energy and infrastructure.
The Board of Directors of PPG (NYSE:PPG) declared a quarterly dividend of
PPG reported record third quarter net sales of $4.5 billion, reflecting an 8% increase in constant currencies. The company achieved over 9% organic sales growth driven primarily by an 18% increase in selling prices over two years. Reported EPS was $1.39, with adjusted EPS at $1.66. Despite these gains, inflationary pressures remained significant, with raw materials up 40% over two years. Looking ahead, PPG anticipates improved operating margins in Q4 2022 and into 2023, despite challenges in Europe and China affecting demand.
PPG has announced the appointment of Tim Knavish as the new President and CEO effective
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