STOCK TITAN

PPG Industries, Inc. - PPG STOCK NEWS

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.

Rhea-AI Summary

PPG (NYSE: PPG) is investing $300 million in advanced manufacturing in North America to meet increased demand for paints and coatings in the automotive sector.

A new 250,000-square-foot plant will be built in Loudon County, Tennessee, marking PPG's first new manufacturing facility in the U.S. in over 15 years. Construction will start in August 2024 and complete in 2026, eventually employing 130 full-time workers and producing over 11 million gallons annually.

Investments will also enhance existing facilities in Cleveland, Ohio, and San Juan Del Rio, Mexico to improve manufacturing efficiencies and meet growing demand for sustainable solutions like waterborne coatings.

This strategic move aims to modernize PPG's operations without altering their overall capital investment spending levels. CEO Tim Knavish emphasized the focus on quality and operational efficiency, while Governor Bill Lee highlighted the positive economic impact on Tennessee.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.03%
Tags
none
-
Rhea-AI Summary

PPG has been honored with the American Chemistry Council Sustainability Leadership Award for its PPG ENVIROPRIME® EPIC 300 electrocoat, which reduces energy use and emissions in automotive OEM facilities. The award recognizes PPG's commitment to sustainability and innovation in the coatings industry.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.69%
Tags
none
-
Rhea-AI Summary

Amyris, Inc. has appointed Kathy L. Fortmann as its new CEO, bringing 35 years of global business experience. Ms. Fortmann replaces Han Kieftenbeld and aims to lead the company through innovation and growth. With a background in specialty chemicals and ingredients, she is excited to work with the Board and colleagues to execute Amyris' strategy.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.86%
Tags
management
Rhea-AI Summary

PPG has once again achieved a gold rating for corporate social responsibility from EcoVadis, placing it in the top 7% of evaluated companies. The company excelled in environmental, labor and human rights, and sustainable procurement practices. Notably, PPG saw 44% of its sales from sustainably advantaged products, reduced its scope 1 and 2 greenhouse gas emissions by 10%, and had 97% of key suppliers assessed for sustainability and social responsibility.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.72%
Tags
none
-
Rhea-AI Summary
PPG appoints Pascal Tisseyre as vice president, government affairs, Europe, Middle East and Africa. The appointment aims to strengthen government relations and drive advocacy for the coatings industry in the region, focusing on initiatives like the EU Green Deal. Pascal Tisseyre's extensive business experience and strategic leadership will play a key role in advancing PPG's objectives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.2%
Tags
management
-
Rhea-AI Summary
Kathy Fortmann joins PPG board of directors. PPG announced the election of Kathy L. Fortmann to its board of directors, effective July 17, 2024. Fortmann brings almost 35 years of global business experience, having held leadership positions in various multinational companies. She will serve on the Audit Committee and the Sustainability and Innovation Committee. PPG expressed confidence in Fortmann's leadership capabilities to strengthen the company and guide its strategic direction.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.2%
Tags
management
Rhea-AI Summary
PPG (NYSE:PPG) announces a $2.5 billion share repurchase program authorized by its board of directors, in addition to the existing $860 million authorization. The program allows for immediate repurchases without expiration, giving management discretion in the purchase conditions. Repurchases will be made in accordance with securities laws through open market or privately negotiated transactions. PPG reported net sales of $18.2 billion in 2023, serving various markets globally.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.12%
Tags
buyback management
-
Rhea-AI Summary
PPG reported first quarter 2024 financial results, with EPS of $1.69 and adjusted EPS of $1.86. Net sales were $4.3 billion, with a 2% decline in organic sales. Segment margins improved by 60 basis points year over year. Share repurchases totaled $150 million. The company highlighted growth in Mexico, China, and India, offset by challenges in Europe and the U.S. PPG remains focused on enterprise growth initiatives to drive higher sales volumes. Outlook for 2024 includes low single-digit percentage aggregate sales volume growth and adjusted EPS of $2.42-$2.52 per share for the second quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.12%
Tags
-
Rhea-AI Summary
PPG (NYSE:PPG) showcased its exceptional 2023 performance during its annual meeting of shareholders. The company achieved record sales, adjusted earnings per diluted share, and operating cash flow. With full-year net sales reaching around $18.2 billion, PPG continues to demonstrate strong financial growth and stability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.11%
Tags
none
Rhea-AI Summary
PPG's Board of Directors announces a quarterly dividend of 65 cents per share, showcasing the company's commitment to shareholders with a history of consistent dividend payments for over a century.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.11%
Tags
management dividends

FAQ

What is the current stock price of PPG Industries (PPG)?

The current stock price of PPG Industries (PPG) is $122.68 as of November 21, 2024.

What is the market cap of PPG Industries (PPG)?

The market cap of PPG Industries (PPG) is approximately 29.6B.

What does PPG Industries, Inc. specialize in?

PPG Industries specializes in high-quality coatings and specialty materials for various markets including automotive, aerospace, construction, and industrial sectors.

Where is PPG Industries headquartered?

PPG Industries is headquartered in Pittsburgh, Pennsylvania.

On which stock exchange are PPG shares traded?

PPG shares are traded on the New York Stock Exchange under the symbol PPG.

What was PPG Industries' reported net sales in 2014?

PPG Industries' reported net sales in 2014 were $15.4 billion.

In how many countries does PPG Industries operate?

PPG Industries operates in over 70 countries worldwide.

What recent acquisitions has PPG made?

PPG has acquired selected assets from Akzo Nobel and made significant acquisitions like Comex to expand its market presence.

What markets does PPG Industries serve?

PPG serves several markets including automotive, aerospace, construction, consumer products, and industrial markets.

How does PPG Industries contribute to sustainability?

PPG Industries focuses on sustainable product development, ensuring that its offerings meet stringent environmental standards.

What are some of PPG Industries' recent projects?

PPG is involved in projects aimed at enhancing product durability and aesthetic appeal, and it partners with leading automotive and aerospace companies.

What is PPG's vision?

PPG's vision is to be the world’s leading coatings company, delivering innovative and sustainable solutions that customers trust.

PPG Industries, Inc.

NYSE:PPG

PPG Rankings

PPG Stock Data

29.64B
231.50M
0.2%
84.9%
0.97%
Specialty Chemicals
Paints, Varnishes, Lacquers, Enamels & Allied Prods
Link
United States of America
PITTSBURGH