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 manufacturer of paints, coatings and specialty products with headquarters in Pittsburgh, Pennsylvania and operations in more than 70 countries. The PPG news page on Stock Titan aggregates company announcements, earnings releases and operational updates so readers can follow developments that affect this coatings and specialty products business.
Investors and industry followers can use this page to track PPG’s quarterly and annual financial results, which the company reports through earnings press releases and related 8-K filings. These updates include commentary on performance in its Global Architectural Coatings, Performance Coatings and Industrial Coatings segments, as well as information on organic sales trends, segment margins and capital allocation activities.
PPG’s news flow also covers product and technology launches, such as automotive refinish systems, digital and automated solutions for body shops and specialty filtration membranes for industrial water treatment. Announcements highlight technology-advantaged coatings in aerospace, automotive OEM, protective and marine, packaging and traffic solutions, along with initiatives in architectural coatings across regions.
Another key theme in PPG’s news is sustainability. The company reports on certifications like REDCert² at European architectural coatings sites, recycling initiatives such as Sigma EcoCollect in the Netherlands and progress toward 2030 sustainability targets, including greenhouse gas emissions reductions and growth in sustainably advantaged product sales.
Corporate governance and leadership updates appear as well, including board appointments, planned retirements of senior executives and changes in regional leadership. By reviewing these items together, readers gain context on how PPG manages its global coatings and specialty products portfolio, its approach to sustainability and innovation, and its financial performance over time. Bookmark this page to quickly access the latest PPG press releases and related coverage.
PPG (NYSE: PPG) achieved a score of 90 on the 2022 CPA-Zicklin Index, marking it as a “trendsetter” in corporate political disclosure and accountability. This score reflects PPG's commitment to transparency and integrity in its political spending practices. The CPA-Zicklin Index evaluates companies on 24 metrics related to their electoral spending transparency. PPG's government affairs team actively engages with policymakers to promote business-friendly regulations across various areas, including energy and infrastructure.
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The Board of Directors of PPG (NYSE:PPG) declared a quarterly dividend of 62 cents per share, payable on Dec. 12 to shareholders on record as of Nov. 10. This dividend marks the 51st consecutive year of annual increases and is the 497th consecutive payment since 1899. PPG reported net sales of $16.8 billion in 2021, operating in over 75 countries and serving various markets, including construction and transportation.
PPG reported record third quarter net sales of $4.5 billion, reflecting an 8% increase in constant currencies. The company achieved over 9% organic sales growth driven primarily by an 18% increase in selling prices over two years. Reported EPS was $1.39, with adjusted EPS at $1.66. Despite these gains, inflationary pressures remained significant, with raw materials up 40% over two years. Looking ahead, PPG anticipates improved operating margins in Q4 2022 and into 2023, despite challenges in Europe and China affecting demand.
PPG has announced the appointment of Tim Knavish as the new President and CEO effective January 1, 2023. Knavish, who has served as COO since March, will succeed Michael McGarry, who transitions to Executive Chairman after leading the company since September 2015. The change is expected to enhance PPG's growth strategy amid current economic challenges. Knavish brings extensive experience from various leadership roles at PPG, which operates globally and reported $16.8 billion in net sales for 2021.
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PPG Industries (NYSE: PPG) anticipates third quarter 2022 adjusted earnings per diluted share to be 5% to 7% lower than prior forecasts of $1.75 to $2.00. The company cites softening demand in Europe and lower-than-expected recovery in China as key factors. Anticipating continued softness into the fourth quarter, PPG expects a 10% to 12% increase in selling prices year-over-year, with nearly 20% earnings growth expected for the fourth quarter compared to 2021. PPG will report third quarter results on October 19, 2022.
PPG has launched a new line of GLIDDEN® floor paint and concrete stain featuring COOL SURFACE TECHNOLOGY™, which limits surface temperatures by up to 20% to protect feet and paws. This line includes Glidden Porch & Floor and Solid Concrete Stain, available at Home Depot starting October 2022. The launch is celebrated with a promotional video showing dogs enjoying the cooler surfaces. PPG aims to provide durable and user-friendly products that further enhance consumer satisfaction.
PPG (NYSE: PPG) has announced its third-quarter 2022 earnings release set for October 19 after U.S. markets close. A teleconference for discussing the results will occur on October 20 at 8 a.m. ET. Participants include CEO Michael H. McGarry and CFO Vincent J. Morales. Dial-in registration can be completed through their website, with webcasts available on the PPG Investor Center. Telephone replays will be accessible from October 20 to November 3. The upcoming earnings report follows their $16.8 billion net sales in 2021.
PPG has entered a 12-year agreement with Constellation to procure clean energy for its Adrian, Michigan manufacturing facility. Starting in 2024, PPG will receive 1.5 MW from the Double Black Diamond Solar Energy Project, aiming to reduce its carbon footprint by over 2,400 metric tons annually, equivalent to emissions from 530 gasoline cars. This initiative supports PPG's ongoing sustainability efforts and aligns with its decarbonization goals. The partnership highlights PPG's commitment to renewable energy and its intent to explore more global opportunities in this sector.