Welcome to our dedicated page for Ppg Inds news (Ticker: PPG), a resource for investors and traders seeking the latest updates and insights on Ppg Inds stock.
PPG Industries Inc (NYSE: PPG) is a global leader in coatings and specialty materials, serving automotive, aerospace, and construction markets since 1883. This dedicated news hub provides investors and industry professionals with timely updates on corporate developments, financial performance, and technological innovations.
Access PPG's official press releases, earnings reports, and strategic announcements in one centralized location. Our curated collection includes updates on sustainability initiatives, product launches, and market expansions, enabling stakeholders to track the company's progress in key growth areas.
Key content categories span quarterly financial results, manufacturing advancements, environmental commitments, and leadership changes. All materials are sourced directly from PPG's corporate communications to ensure accuracy and compliance with disclosure regulations.
Bookmark this page for streamlined access to PPG's latest business developments. Combine our real-time updates with historical announcements to analyze long-term trends in the coatings industry and make data-driven decisions.
PPG's 2023 Color of the Year, Vining Ivy, is poised to influence styling across various industries, including cookware, consumer electronics, and office furniture. This deeper shade of green reflects a growing trend in biophilic design and aims to integrate nature into products. PPG has also launched a collection of three coordinating palettes named Reflection, featuring hues that evoke serenity, origin, and duality. With previous selections leaning towards softer greens, this year's decision signifies an increased market presence for vibrant green tones.
PPG plans to invest $9 million to expand its adhesives and sealants production line at its Temple, Texas facility, pending final negotiations with local authorities. This investment will create 12 jobs and support PPG's continued operations in the area. The Temple plant, known for manufacturing LIQUID NAILS and MULCO, produced approximately 48 million tubes in 2020. PPG operates nearly 30 locations in the Temple region and employs over 600 people in Texas, emphasizing its commitment to community growth.
PPG announced a significant investment of
PPG has appointed Brad Budde as vice president and chief digital officer, effective Sept. 6. He will report to Irene Tasi, chief growth officer, and will be responsible for enhancing PPG's digital strategy to improve customer engagement. Budde brings over 15 years of experience from Emerson, where he led digital customer experience initiatives. His expertise is expected to contribute to PPG's business growth and digital transformation, focusing on innovative solutions for various markets. PPG reported net sales of $16.8 billion in 2021.
PPG has announced the 2023 Color of the Year, Vining Ivy, a versatile bluish-green shade aimed at enhancing contemporary and traditional designs alike. This color responds to consumer desires for simplicity and tranquility post-COVID, symbolizing serenity and grounding. Available in GLIDDEN DIAMOND™ paint, it offers a one-coat application under $30 and is exclusively sold at The Home Depot. PPG suggests this adaptable hue for both interior and exterior applications, enhancing residential and commercial spaces while appealing to professional painters.
PPG (NYSE: PPG) announced that CEO Michael H. McGarry signed the CEO Letter on Disability Inclusion, part of Disability:IN's CEOs Are IN campaign. This commitment emphasizes the importance of evaluating corporate inclusion processes and advancing disability equality. PPG recently earned a top score of 100 on the Disability Equality Index, recognized as a 'Best Place to Work for Disability Inclusion.' McGarry highlighted the company's ongoing efforts to promote an inclusive work environment, affirming PPG’s dedication to removing barriers for employees.
PPG (NYSE: PPG) has launched its new product, PPG INNOVEL® PRO, an enhanced internal spray coating for aluminum cans, which eliminates bisphenol-A (BPA) and improves application properties.
This next-gen acrylic coating has been widely utilized for nearly a decade, contributing to the production of over 220 billion cans across more than 40 countries.
The coating is compliant with global food safety standards and features a lower migration profile, offering operational benefits for beverage can manufacturers.
PPG reported record net sales of $4.7 billion for Q2 2022, marking an 8% increase year-over-year. The company achieved a 3% rise in net income to $443 million, with EPS at $1.86. Adjusted EPS decreased by 7% to $1.81, influenced by a 20% rise in raw material costs. Despite challenges including softening demand in Europe and COVID-19 disruptions in China, PPG's sales were bolstered by higher selling prices, which grew by 12%. Segment operating margins improved by 200 basis points sequentially, and the company anticipates continued growth and margin recovery.
PPG (NYSE:PPG) has announced a 3-cent increase in its quarterly dividend, raising it to 62 cents per share, payable on September 10 for shareholders of record as of August 10. This increment marks the company’s 51st consecutive year of annual dividend increases. The previous quarterly dividend was 59 cents. PPG’s management expressed confidence in the company’s ability to generate and grow operating cash flow. The upcoming dividend payment will be PPG's 496th consecutive payment, continuing a tradition since 1899.
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