Ppg Inds Inc Stock Price, News & Analysis

PPG announced an expansion of its GLIDDEN® paint offerings for independent dealers, aimed at strengthening its commitment to this retail channel. Effective May 1, the enhanced lineup will include GLIDDEN® FUNDAMENTALS™ exterior paint and an expanded palette of GLIDDEN® GRAB-N-GO™ ready-mixed paints. This range targets price-conscious customers and enhances the DIY product assortment available to dealers.

The new products are designed to drive growth in the DIY segment, providing options at various price points. All products are low-odor, low-VOC, and GREENGUARD Gold certified. PPG reported net sales of $17.7 billion in 2022, showcasing its significant presence in the market.

PPG announced a multiyear agreement making GLIDDEN^® paint the primary paint brand at Walmart, significantly enhancing their existing relationship. This partnership allows Walmart customers at over 3,800 locations to access GLIDDEN's expanded lineup, which includes 25 premixed colors and a palette of 132 customizable shades. PPG's offering features a range of paint options from premium to value categories, ensuring accessibility for DIY consumers. The products are low-VOC and several are GREENGUARD Gold certified, emphasizing environmental safety. PPG reported net sales of $17.7 billion in 2022, signifying solid financial backing.

PPG (NYSE: PPG) has announced that its first quarter 2023 adjusted earnings per diluted share (EPS) is expected to be between $1.52 and $1.58, significantly above the prior guidance of $1.10 to $1.20. The increase is attributed to improved operating margins, driven by higher sales volumes in the aerospace and automotive sectors. Better-than-expected demand in PPG Comex and U.S. architectural coatings contributed positively, while China experienced fewer pandemic disruptions. However, the company incurred a non-cash pension settlement charge of approximately $191 million, or $0.61 per share, excluded from the adjusted EPS figure.

PPG (NYSE: PPG) has announced its selection of Chestnut Brown as the 2023 Stain Color of the Year for its OLYMPIC® and PITTSBURGH PAINTS & STAINS® brands. This warm hue is designed to complement trends in warm minimalism and earthy tones, appealing to DIY enthusiasts looking to refresh outdoor spaces. The color aims to inspire feelings of calm and connection, enhancing the aesthetic of decks and patios. PPG recommends using its OLYMPIC® ELITE™ and Pittsburgh Paints & Stains PARAMOUNT™ products for optimal protection and appearance of wooden surfaces. PPG reported net sales of $17.7 billion in 2022.

PPG has renewed its sponsorship with Tasca Racing for the 2023 NATIONAL HOT ROD ASSOCIATION® (NHRA®) season, unveiling a new paint scheme for the FORD® SHELBY® MUSTANG® Nitro Funny Car.

The design, completed by a team over 350 hours, aligns with PPG’s INDYCAR® livery and features vibrant colors to make an impact at various NHRA events, including the Gainesville premiere. PPG’s logo will prominently display on the team’s 11,000-horsepower car throughout the season. PPG and Tasca Racing have collaborated for over 25 years, with PPG supporting multiple body shops associated with Tasca.

PPG has launched PPG SIGMAGLIDE® 2390, a marine coating designed to help shipowners reduce power consumption and carbon emissions while adhering to environmental standards. Utilizing PPG HYDRORESET™ technology, this biocide-free coating provides a super-smooth, friction-free surface that prevents marine organisms from adhering. Performance data indicates power savings of up to 20%, a speed loss of less than 1%, and up to a 35% reduction in CO₂ emissions compared to traditional coatings. The coating supports compliance with new International Maritime Organization greenhouse gas emission regulations.