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 manufacturer of paints, coatings and specialty products with headquarters in Pittsburgh, Pennsylvania and operations in more than 70 countries. The PPG news page on Stock Titan aggregates company announcements, earnings releases and operational updates so readers can follow developments that affect this coatings and specialty products business.
Investors and industry followers can use this page to track PPG’s quarterly and annual financial results, which the company reports through earnings press releases and related 8-K filings. These updates include commentary on performance in its Global Architectural Coatings, Performance Coatings and Industrial Coatings segments, as well as information on organic sales trends, segment margins and capital allocation activities.
PPG’s news flow also covers product and technology launches, such as automotive refinish systems, digital and automated solutions for body shops and specialty filtration membranes for industrial water treatment. Announcements highlight technology-advantaged coatings in aerospace, automotive OEM, protective and marine, packaging and traffic solutions, along with initiatives in architectural coatings across regions.
Another key theme in PPG’s news is sustainability. The company reports on certifications like REDCert² at European architectural coatings sites, recycling initiatives such as Sigma EcoCollect in the Netherlands and progress toward 2030 sustainability targets, including greenhouse gas emissions reductions and growth in sustainably advantaged product sales.
Corporate governance and leadership updates appear as well, including board appointments, planned retirements of senior executives and changes in regional leadership. By reviewing these items together, readers gain context on how PPG manages its global coatings and specialty products portfolio, its approach to sustainability and innovation, and its financial performance over time. Bookmark this page to quickly access the latest PPG press releases and related coverage.
PPG reported record net sales of $4.7 billion for Q2 2022, marking an 8% increase year-over-year. The company achieved a 3% rise in net income to $443 million, with EPS at $1.86. Adjusted EPS decreased by 7% to $1.81, influenced by a 20% rise in raw material costs. Despite challenges including softening demand in Europe and COVID-19 disruptions in China, PPG's sales were bolstered by higher selling prices, which grew by 12%. Segment operating margins improved by 200 basis points sequentially, and the company anticipates continued growth and margin recovery.
PPG (NYSE:PPG) has announced a 3-cent increase in its quarterly dividend, raising it to 62 cents per share, payable on September 10 for shareholders of record as of August 10. This increment marks the company’s 51st consecutive year of annual dividend increases. The previous quarterly dividend was 59 cents. PPG’s management expressed confidence in the company’s ability to generate and grow operating cash flow. The upcoming dividend payment will be PPG's 496th consecutive payment, continuing a tradition since 1899.
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PPG has partnered with U.K. airline design consultancy Aerobrand to innovate airline livery design services. This collaboration merges paint supply with custom design capabilities, enhancing speed and cost-effectiveness for customers. Airlines can access PPG LIVERY LAB℠ facilities in California and the U.K. for hands-on design work with experts. The partnership aims to streamline the painting process by providing integrated services, including cost estimation that reduces waste, ultimately benefitting airline clients.
PPG (NYSE: PPG) has announced the details for its second quarter 2022 earnings release and teleconference call. The earnings release will be available on Thursday, July 21, after U.S. market close, followed by a teleconference on Friday, July 22, at 8 a.m. ET. Key participants from PPG include CEO Michael H. McGarry, COO Tim Knavish, and CFO Vincent J. Morales. Registration for the call is available through their investor center. A replay will be accessible from July 22 to August 5.
PPG (NYSE:PPG) is set to boost manufacturing output by up to 20% at its Huntsville, Alabama, and Sylmar, California, facilities to cater to growing demand for its aerospace aftermarket products. The company plans to enhance factory automation to improve delivery times for aerospace coatings and sealants. A new aerospace application support center is being built in Toulouse, France, with an investment of $17 million, expected to commence operations in Q4 2023. PPG aims to support the aviation industry's recovery as travel demand rises.
PPG (NYSE: PPG) announced its initiative 'New Paint for a New Start' as part of the COLORFUL COMMUNITIES program, aiming to complete over 25 school makeovers in July 2022. More than 1,000 employees will volunteer worldwide to enhance educational environments using a specially selected color palette, including PPG's Color of the Year, Olive Sprig. The initiative will also provide nearly $1 million in funding for STEM supplies. Since 2015, the Colorful Communities program has impacted over 7.4 million people globally, and PPG invested $13.3 million in community engagement in 2021.
PPG (NYSE: PPG) has launched two innovative tools: PPG VISUALIZID advanced 3D visualization software and the PPG DIGIMATCH digital color camera, enhancing color matching in body shops. These products are part of the PPG LINQ digital solution aimed at improving efficiency and sustainability in the global refinish industry. The DigiMatch camera features multiple imaging angles for quick color matching, while VisualizID digitizes the matching process to reduce waste. These advancements follow the successful introduction of the MOONWALK automated paint mixing system.
PPG has launched the PPG ENVIROCRON™ LUM, the first commercial retroreflective powder coating aimed at enhancing visibility in low-light conditions. This patent-pending product employs embedded glass beads to reflect light, improving safety for applications like guardrails and bicycles. The coating offers excellent chip resistance and corrosion protection, with high transfer efficiency that makes it cost-effective. PPG aims to achieve 40% of sales from sustainable products by 2025, emphasizing their commitment to innovation and sustainability.
PPG (NYSE:PPG) has finalized the divestiture of Eberle Design, Inc. to Vance Street Capital. EDI specializes in electronic control systems for traffic management and related applications, employing around 150 people in Phoenix, Arizona. PPG originally acquired EDI in December 2020, alongside Ennis-Flint, which remains part of PPG's Traffic Solutions business. The financial terms of the transaction have not been disclosed. This strategic move allows Vance Street to integrate EDI into its Intelligent Transportation Systems platform.
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