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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 (NYSE:PPG) has introduced PPG PRIMERON Optimal zinc epoxy powder primer, a patent-pending product with optimized zinc content. This innovative primer offers:
- Better transfer efficiency than standard zinc-rich primers
- Corrosion protection meeting ISO C5 specifications
- Lower specific gravity (2.0 vs 3.6) for easier application
- 85% transfer efficiency, requiring half the product of standard primers
- Zero VOC emissions
The primer excels in adhesion and corrosion resistance, even in coastal environments. It's part of PPG's new Primeron powder primer series, which includes various formulations for different applications. The series offers sustainability benefits, including reduced waste and energy consumption.
PPG (NYSE:PPG) announced significant energy savings and emission reductions from using PPG CORASEAL® 4-Wet Sealer in Stellantis' light commercial vehicles production. This innovative sealer cures in one step, compared to three steps in traditional methods, offering substantial sustainability benefits for automotive OEM paint shops. The implementation results, presented at the Strategies in Car Body Painting conference in Berlin, showed:
- Nearly 8% reduction in energy consumption
- Almost 5% cut in CO₂ emissions
- Enhanced productivity and simplified maintenance
This technology aligns with both PPG's and Stellantis' sustainability targets, demonstrating a significant advancement in automotive manufacturing processes.
PPG (NYSE: PPG) has launched the PPG DURANEXT™ portfolio of energy-curable coatings for coiled metal. These electron-beam (EB) and ultraviolet (UV) curable products include backers, primers, basecoats, and clearcoats, offering faster finishing and energy savings for metal coil coaters. Unlike traditional systems, PPG DuraNEXT coatings cure in seconds at ambient temperatures, without significant thickness or weight loss.
Key benefits include reduced energy usage, water consumption, and CO2 emissions, VOC-free formulations, and customizable solutions for various requirements. The portfolio encompasses backers, primers, basecoats in various finishes, and clearcoats for digitally printed inks. This innovation leverages PPG's 30 years of expertise in energy-curable coatings for wood, now applied to metal building products.
PPG (NYSE:PPG) has been included in the FTSE4Good Index Series for the sixth consecutive year, recognizing its strong environmental, social, and governance (ESG) practices. The company reported significant progress towards its 2030 sustainability targets, including:
- 44% of sales from sustainably advantaged products
- 10% reduction in greenhouse gas emissions (scope 1 and 2)
- 12% reduction in value chain emissions (scope 3)
- 45% of process waste reused, recycled, or recovered
- 13% reduction in water intensity in water-stressed areas
- 97% of key suppliers assessed against sustainability criteria
PPG has also received recognition from EcoVadis, MSCI, Barron's, Corporate Knights, Newsweek, and JUST Capital for its sustainability efforts.
PPG has extended its partnerships with the Indianapolis Motor Speedway (IMS), INDYCAR®, and Team Penske through 2029. The agreement includes entitlement rights for the Brickyard 400 NASCAR® CUP series race at IMS. PPG remains the official paint and finishing supplier for IMS and INDYCAR, protecting various track elements. The company's blue-and-white livery is prominently featured on Team Penske cars.
Tim Knavish, PPG's CEO, expressed excitement about strengthening these relationships, while Roger Penske highlighted PPG's long-standing dedication to motorsports. This extension builds on PPG's four-decade partnership with Team Penske and reinforces its commitment to enhancing communities across INDYCAR and at the Indianapolis Motor Speedway.
PPG (NYSE:PPG) reported strong financial results for Q2 2024, with record reported EPS of $2.24 and adjusted EPS of $2.50, marking an 11% year-over-year growth. Net sales were $4.8 billion, with flat organic sales. Segment margins improved by 110 basis points, the seventh consecutive quarter of expansion. The company repurchased approximately $150 million in shares during the quarter.
Key highlights include:
- Net income increased 8% to $528 million
- Adjusted net income grew 10% to $590 million
- Gross margins improved by 180 basis points year-over-year
- Strong performance in aerospace, packaging, and architectural coatings in Americas and Asia Pacific
- Challenges in global automotive and industrial production
For Q3 2024, PPG projects flat-to-low single-digit percentage aggregate organic sales growth and adjusted EPS of $2.10 - $2.20 per share.
PPG's Board of Directors has approved a 3-cents-per-share increase in the company's dividend, declaring a regular quarterly dividend of 68 cents per share, payable Sept. 12 to shareholders of record Aug. 12. This marks PPG's 504th consecutive dividend payment, maintaining its uninterrupted annual dividend streak since 1899. Tim Knavish, PPG chairman and CEO, expressed confidence in the company's business resiliency and future growth of operating cash flow.
PPG (NYSE: PPG), headquartered in Pittsburgh, operates in over 70 countries and reported net sales of $18.2 billion in 2023. The company develops and delivers paints, coatings, and specialty materials for construction, consumer products, industrial, and transportation markets.
PPG has been recognized as a 'Best Place to Work for Disability Inclusion' by the DISABILITY EQUALITY INDEX® for the third consecutive year, earning a top score of 100. The index, a joint initiative of Disability:IN and The American Association of People with Disabilities, is the most comprehensive disability inclusion assessment tool in business.
PPG's commitment to disability inclusion is demonstrated through its Abilities First Network (AFN), founded in 2020, which has nearly 1,200 employee members across 43 countries. The company has engaged in various initiatives, including global webcasts, inclusive workplace training sessions, and community engagement projects through its COLORFUL COMMUNITIES® program.
Robert Massy, PPG's senior VP and chief HR officer, emphasized the company's dedication to creating an inclusive workplace for all, recognizing the diversity of their workforce as a key strength.
PPG (NYSE: PPG) will release its second-quarter 2024 earnings on July 18, after U.S. stock markets close. A teleconference call is scheduled for July 19 at 8 a.m. ET, featuring Tim Knavish, CEO, Vincent Morales, CFO, and Alex Lopez, Director of Investor Relations. Investors can register for the call via NetRoadshow. A live webcast will be available on the PPG Investor Center, with telephone and web replays accessible until August 2 and July 17, 2025, respectively. PPG, headquartered in Pittsburgh, operates in over 70 countries and reported net sales of $18.2 billion in 2023, serving markets including construction, consumer products, and transportation.
PPG (NYSE: PPG) has launched the TOMORROW INCLUDED® sustainability marketing concept for its Architectural Coatings business in EMEA. This initiative aims to showcase the sustainability benefits of PPG’s architectural products, including durability, energy savings, safety, carbon reduction, and recyclability. The concept will roll out over the next few months under the TIKKURILA®, BECKERS™, SIGMA®, JOHNSTONE’S®, and ALCRO® brands. PPG's recent 2023 ESG report highlights progress towards 2030 environmental, social, and governance targets, including increased sales of sustainable solutions and reduced GHG emissions. The initiative aligns with growing global demands for sustainable business practices among customers and stakeholders.