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Ppg Inds Inc - PPG STOCK NEWS

Welcome to our dedicated page for Ppg Inds news (Ticker: PPG), a resource for investors and traders seeking the latest updates and insights on Ppg Inds stock.

PPG Industries Inc (NYSE: PPG) is a global leader in coatings and specialty materials, serving automotive, aerospace, and construction markets since 1883. This dedicated news hub provides investors and industry professionals with timely updates on corporate developments, financial performance, and technological innovations.

Access PPG's official press releases, earnings reports, and strategic announcements in one centralized location. Our curated collection includes updates on sustainability initiatives, product launches, and market expansions, enabling stakeholders to track the company's progress in key growth areas.

Key content categories span quarterly financial results, manufacturing advancements, environmental commitments, and leadership changes. All materials are sourced directly from PPG's corporate communications to ensure accuracy and compliance with disclosure regulations.

Bookmark this page for streamlined access to PPG's latest business developments. Combine our real-time updates with historical announcements to analyze long-term trends in the coatings industry and make data-driven decisions.

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PPG (NYSE: PPG) announced the completion of a COLORFUL COMMUNITIES® project in Des Plaines, Illinois, revitalizing facilities for the nonprofit Clean Up – Give Back. The initiative involved 30 volunteers from PPG and Ardagh Metal Packaging, who enhanced the organization's new headquarters with fresh paint and murals. Clean Up – Give Back has nearly 1,400 volunteers who contributed over 9,500 service hours in 2021, collecting more than 41,000 pounds of trash. PPG's Colorful Communities program supports such projects globally, having completed over 400 initiatives since 2015.

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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.

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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 $16.8 billion reported in 2021.

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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.

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The Board of Directors of PPG (NYSE:PPG) declared a quarterly dividend of 62 cents per share, payable on Dec. 12 to shareholders on record as of Nov. 10. This dividend marks the 51st consecutive year of annual increases and is the 497th consecutive payment since 1899. PPG reported net sales of $16.8 billion in 2021, operating in over 75 countries and serving various markets, including construction and transportation.

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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.

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PPG has announced the appointment of Tim Knavish as the new President and CEO effective January 1, 2023. Knavish, who has served as COO since March, will succeed Michael McGarry, who transitions to Executive Chairman after leading the company since September 2015. The change is expected to enhance PPG's growth strategy amid current economic challenges. Knavish brings extensive experience from various leadership roles at PPG, which operates globally and reported $16.8 billion in net sales for 2021.

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Ppg Inds Inc

NYSE:PPG

PPG Rankings

PPG Stock Data

22.71B
226.66M
0.12%
90.93%
1.73%
Specialty Chemicals
Paints, Varnishes, Lacquers, Enamels & Allied Prods
Link
United States
PITTSBURGH