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.
PPG (NYSE: PPG) has announced its selection of Chestnut Brown as the 2023 Stain Color of the Year for its OLYMPIC® and PITTSBURGH PAINTS & STAINS® brands. This warm hue is designed to complement trends in warm minimalism and earthy tones, appealing to DIY enthusiasts looking to refresh outdoor spaces. The color aims to inspire feelings of calm and connection, enhancing the aesthetic of decks and patios. PPG recommends using its OLYMPIC® ELITE™ and Pittsburgh Paints & Stains PARAMOUNT™ products for optimal protection and appearance of wooden surfaces. PPG reported net sales of $17.7 billion in 2022.
PPG has renewed its sponsorship with Tasca Racing for the 2023 NATIONAL HOT ROD ASSOCIATION® (NHRA®) season, unveiling a new paint scheme for the FORD® SHELBY® MUSTANG® Nitro Funny Car.
The design, completed by a team over 350 hours, aligns with PPG’s INDYCAR® livery and features vibrant colors to make an impact at various NHRA events, including the Gainesville premiere. PPG’s logo will prominently display on the team’s 11,000-horsepower car throughout the season. PPG and Tasca Racing have collaborated for over 25 years, with PPG supporting multiple body shops associated with Tasca.
PPG has launched PPG SIGMAGLIDE® 2390, a marine coating designed to help shipowners reduce power consumption and carbon emissions while adhering to environmental standards. Utilizing PPG HYDRORESET™ technology, this biocide-free coating provides a super-smooth, friction-free surface that prevents marine organisms from adhering. Performance data indicates power savings of up to 20%, a speed loss of less than 1%, and up to a 35% reduction in CO2 emissions compared to traditional coatings. The coating supports compliance with new International Maritime Organization greenhouse gas emission regulations.
PPG (NYSE:PPG) and the PPG Foundation announced a $16.2 million investment in 2022, exceeding the previous year's funding by $2.5 million. This initiative supports over 650 global community programs focused on education and sustainability, while promoting employee volunteerism. Key investments include over $9.1 million for STEM programs and a commitment of $20 million by 2025 aimed at advancing racial equity. Additionally, PPG completed 87 Colorful Communities projects in 2022, enhancing educational environments and impacting over 8.2 million individuals worldwide.
PPG (NYSE:PPG) has completed a COLORFUL COMMUNITIES® project in West Palm Beach, Florida, in collaboration with Heart of America. Over 100 global leaders from PPG participated, revitalizing the Florence De George Boys & Girls Club by repainting various areas. More than 120 gallons of PPG PURE PERFORMANCE® paint were donated, alongside financial support for STEM activities. The club serves over 220 students, offering educational and personal development programs. PPG's Colorful Communities initiative aims to enhance local environments through volunteer efforts and donations, impacting over 7.5 million people globally since 2015.
PPG reported fourth quarter 2022 net sales of $4.2 billion, up 5% in constant currencies. Earnings per diluted share from continuing operations were $1.01, with adjusted EPS at $1.22. The company achieved a record full-year 2022 sales of approximately $17.7 billion. However, net income for the fourth quarter decreased by 11% to $238 million, reflecting a higher effective tax rate which reduced EPS by $0.25 year-over-year. While the company faced challenges, including a 5% decline in sales volume due to pandemic impacts in China, it anticipates a recovery with several positive catalysts in 2023.
The Board of Directors of PPG has declared a quarterly dividend of 62 cents per share, payable on March 10 for shareholders of record as of February 17. This dividend marks the company's 498th consecutive payment and follows a tradition of increasing annual dividends for 51 consecutive years. PPG, headquartered in Pittsburgh, reported net sales of $16.8 billion in 2021, serving various markets including construction and transportation.
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