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PPG Industries, Inc. develops and sells paints, coatings and specialty products for construction, consumer products, industrial, transportation and aftermarket customers. Company news commonly covers segment results in Global Architectural Coatings, Performance Coatings, Industrial Coatings, aerospace coatings, protective and marine coatings, Traffic Solutions, and packaging or automotive OEM coatings.
Recurring updates also include product and technology investments, such as radiation-curable coatings, protective systems for data center infrastructure, and R&D activity across regional laboratories. PPG news also addresses acquisitions that expand coatings lines, dividend declarations, shareholder meeting matters, leadership changes, digital transformation and operational efficiency initiatives.
PPG has expanded its coatings portfolio for wastewater facilities, enhancing solutions for various wastewater management processes. This includes offerings for collections, treatment, sludge handling, and disinfection. The new products stem from the acquisition of VERSAFLEX and include PPG RAVEN® and PPG AQUATAFLEX® coating systems. Each product provides tailored performance based on environmental conditions and substrate type, ensuring resistance against aggressive corrosion. Enhanced technical support and a new interactive guide are also part of this release.
The Board of Directors of PPG declared a quarterly dividend of 59 cents per share, payable on Dec. 10 to shareholders of record on Nov. 10. This marks the 50th consecutive year of annual dividend increases and the 493rd consecutive dividend payment, reflecting PPG's longstanding commitment to its shareholders since 1899. The company reported net sales of $13.8 billion in 2020, serving diverse markets including construction and transportation.
PPG (NYSE: PPG) has been awarded three 2021 R&D 100 Awards for its innovative coatings: PPG BFP-SE Battery Fire Protection, PPG ENVIROCRON™ Extreme Protection, and PPG HI-TEMP® 1027 HD. The BFP-SE coating enhances safety in electric vehicles by preventing battery fires. ENVIROCRON integrates thermal conductivity and dielectric protection, improving battery efficiency. HI-TEMP 1027 HD offers high-temperature corrosion resistance for construction projects. Additionally, LIQUID NAILS® FUZE*IT MAX® was a finalist in the awards.
PPG reported record third-quarter net sales of nearly $4.4 billion, a 19% year-over-year increase. Organic sales growth was driven by higher selling prices, which rose nearly 6%. However, reported earnings per diluted share (EPS) fell to $1.43, down 23% year-over-year. Supply chain disruptions and raw material cost inflation of about 25% negatively impacted sales and manufacturing costs. PPG plans share repurchases in Q4 and continues evaluating potential acquisitions to support growth.
PPG (NYSE:PPG) announced the appointment of Vincent Robin as vice president of global automotive coatings, effective November 1. Previously president of the Asia Pacific region, Robin will report to Rebecca Liebert and join PPG's operating committee. His extensive experience in the automotive sector and knowledge of high-growth markets are expected to enhance PPG's automotive coatings business. Robin aims to develop a growth-focused strategy and lead initiatives for electric, autonomous, and connected vehicles.
PPG has launched Comex VINIMEX® TOTAL Antiviral and Antibacterial paint, designed to kill 99.9% of common bacteria and viruses, including COVID-19 and Influenza A H1N1. With support from PPG’s research network, the product responds to market demand for safer indoor environments. Independent lab tests confirm its effectiveness within two hours on painted surfaces, ensuring protection for up to two years. This innovation targets high-traffic areas like hospitals and schools, enhancing public health safety.
PPG has launched its first-ever digital event to showcase coatings for cookware, bakeware, and kitchen electrics. This virtual trade show connects global customers and presents product information, technical guidance, and color trends for 2022. Xiaobing Nie, general manager of global consumer products, emphasizes the importance of updating customers with the latest innovations. The event will run throughout 2022, continually updating with new information and product offerings. PPG reported $13.8 billion in net sales in 2020, serving various markets worldwide.
PPG (NYSE: PPG) has received EPA registration for its PPG COPPER ARMOR™ antimicrobial paint, featuring Corning Guardiant® technology, capable of killing 99.9% of bacteria and viruses, including SARS-CoV-2, within two hours. Set to launch in late 2021, this innovative paint is designed for high-traffic areas like healthcare and hospitality. It maintains efficacy for up to five years while being zero-VOC and available in over 600 colors. PPG aims to enhance surface protection in response to increased consumer demand due to the pandemic.
PPG (NYSE: PPG) will release its third quarter 2021 earnings on Wednesday, Oct. 20, after U.S. markets close. A teleconference is scheduled for Thursday, Oct. 21, at 8 a.m. ET. Key PPG executives, including CEO Michael H. McGarry and CFO Vincent J. Morales, will participate. Registration for the call can be done at this link. A webcast will be available via the PPG Investor Center, and the replay can be accessed from Oct. 21 to Nov. 4.
PPG launched a new online powder e-commerce platform, allowing customers in the U.S. to access small batches of powder coatings easily. The store features 4,500 products, including 200 top powder coatings, with quantities ranging from 5 to 50 pounds and same-day shipping for orders placed before 3 p.m. ET. Customers benefit from extensive filtering options, overnight delivery, and access to technical data. The coatings provide advantages such as low production costs, high transfer efficiency, and they are formulated without volatile organic compounds (VOCs).