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.
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PPG (NYSE: PPG) reported record fourth quarter net sales of $4.4 billion, with a 4% year over year increase in net sales and a 1% organic sales growth. Quarterly earnings per diluted share (EPS) were $0.38, while adjusted EPS was $1.53. Full-year 2023 highlights include record sales of $18.2 billion, with 3% organic sales growth. The company reported a record operating cash flow of over $2.4 billion, up more than $1.4 billion year over year.
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PPG (NYSE:PPG) has declared a regular quarterly dividend of 65 cents per share, continuing its streak of raising annual dividend payments for 52 years. The company has paid uninterrupted annual dividends since 1899, marking its 502nd consecutive dividend payment. PPG, operating in over 70 countries, reported net sales of $17.7 billion in 2022, serving customers in various markets.
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PPG (NYSE: PPG) engages Morgan Stanley & Co. LLC to review strategic alternatives for its silica products business, representing 1-2% of total net sales in 2023. CEO Tim Knavish emphasizes the business's value, innovation, and employees, with a review expected to be completed by mid-2024.
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PPG (NYSE:PPG) has promoted Jonathan Edwards to director, investor relations, replacing John Bruno. Edwards has a strong background in finance and strategic roles with PPG, having worked in various positions since joining the company in 2002. PPG reported net sales of $17.7 billion in 2022, operating in over 70 countries and serving customers in construction, consumer products, industrial and transportation markets, and aftermarkets.
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PPG (NYSE:PPG) appoints Peter Votruba-Drzal as vice president-elect, global sustainability, effective immediately, as Diane Kappas, current vice president, global sustainability, announces her retirement effective July 1, 2024. Votruba-Drzal will collaborate cross-functionally to drive sustainability efforts, focusing on increasing sales of sustainable products and reducing environmental impact. He brings extensive technical and management experience, having led various business segments and contributed to innovation and growth. Kappas, with nearly 40 years at PPG, held leadership roles and was instrumental in sustainability initiatives. PPG reported net sales of $17.7 billion in 2022, operating in over 70 countries.
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PPG (NYSE: PPG) announced details for its Q4 2023 earnings release and teleconference call. Earnings release: Thursday, Jan. 18, after U.S. stock markets close. Teleconference: Friday, Jan. 19, 8 a.m. ET. PPG reported net sales of $17.7 billion in 2022, operating in over 70 countries. To learn more, visit www.ppg.com
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PPG (NYSE:PPG) has been named to Newsweek magazine’s America’s Most Responsible Companies list for the fourth consecutive year. The 2024 list recognizes the 600 most responsible companies in the United States across 14 industry subcategories. PPG's commitment to driving incremental progress against its 2030 sustainability targets and making a meaningful impact in communities has been acknowledged. The selection was based on a review of publicly available performance data in the environmental, social, and corporate governance categories and a survey of 17,000 U.S. residents.
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PPG (NYSE:PPG) opens a $17 million aerospace application support center in Toulouse, France, to ensure fast product delivery to regional customers. The facility provides filling and packaging capabilities for aerospace materials, technical support, and a laboratory, enhancing responsiveness and customer support capabilities. This strategic location enables faster product deliveries to aerospace customers in southern Europe and North Africa.
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PPG (NYSE:PPG) appoints Sam Millikin as vice president, aerospace coatings, succeeding Daniel G. Korte, effective Jan. 1, 2024. Millikin's 34 years of experience at PPG and his leadership in the aerospace industry make him a valuable addition to the company. PPG operates in over 70 countries and reported net sales of $17.7 billion in 2022.
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PPG declares regular quarterly dividend of 65 cents per share
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FAQ
What is the current stock price of PPG Industries (PPG)?
The current stock price of PPG Industries (PPG) is $122.65 as of November 22, 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
United States of America
PITTSBURGH