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) has launched a new high-efficiency power-generation facility at its Quattordio, Italy site, aimed at reducing energy costs by 13% and carbon dioxide emissions by 10% annually. This $2.8 million project employs trigeneration technology, capable of using natural gas and up to 60% hydrogen with further modifications. Grastim is responsible for financing and operating the facility for seven years. PPG emphasizes its commitment to sustainability and improving operational efficiency in response to rising energy costs.
PPG (NYSE:PPG) will invest $17 million to establish an aerospace application support center in Toulouse, France, enhancing service to local aerospace customers. The facility, near Toulouse Blagnac Airport, is expected to commence operations in the fourth quarter of 2023. It will be PPG's fifth ASC in the EMEA region and aims to improve product delivery and technical resources. The center will have capabilities including a qualification lab, training areas, and customer service resources, supporting PPG’s growth strategy and regional customer engagement.
PPG (NYSE: PPG) announced the launch of PPG ENVIROCRON™ P8 Series Anti-Graffiti coating at PaintExpo 2022, scheduled for April 26-29 in Karlsruhe, Germany. This innovative hybrid powder coating protects against graffiti and harsh chemicals without harmful substances. It offers excellent impact strength and yellowing stability and is suitable for various applications, including public transportation and medical environments. The event marks the return of PaintExpo since its last occurrence in 2018, allowing PPG to showcase its advanced coating technologies.
PPG has launched GLIDDEN MAX FLEX™, its first spray paint + primer, targeting DIY enthusiasts looking to refresh their projects this spring. This innovative product, featuring a quick five-minute dry time and a unique fan spray pattern, minimizes drips and ensures smooth coverage. Available in 18 surface colors and 6 fabric colors, it's designed for various materials, including wood and fabric. A recent survey indicates 65% of Americans plan DIY projects in the next year, with 85% considering the product's features appealing. PPG reported $16.8 billion in net sales in 2021.
PPG reported record first-quarter net sales of $4.3 billion, an 11% increase from the previous year, driven by higher selling prices. However, reported earnings per diluted share (EPS) fell to $0.08, a 95% decline year-over-year, with adjusted EPS at $1.37. Raw material costs surged by 25% year-over-year, alongside $290 million in charges related to operations in Russia. Despite supply chain disruptions, the company experienced organic sales growth of about 7%.
PPG (NYSE: PPG) reported record sales of $16.8 billion for 2021, a 21% increase from the previous year. The growth was driven by a 10% organic growth and strategic acquisitions, contributing to adjusted earnings per diluted share of $6.77, up 11% year-over-year. Cash flow from operations reached $1.6 billion, with $2.3 billion spent on acquisitions and share repurchases. Despite challenges, PPG extended its annual dividend payments for 50 consecutive years. Shareholders re-elected directors and approved executive compensation proposals while a resolution to amend Articles of Incorporation was deferred to a later meeting.
PPG (NYSE:PPG) has declared a quarterly dividend of 59 cents per share, scheduled for payment on June 10 to shareholders of record on May 10. This marks PPG's 495th consecutive dividend payment, emphasizing its long-standing commitment to returning value to shareholders. The company has raised its annual dividend payment for 50 consecutive years and has maintained uninterrupted annual dividends since 1899, showcasing its financial strength and stability.
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PPG has renewed its sponsorship of the Tasca Racing team for the 2022 NHRA season, featuring the FORD SHELBY MUSTANG Nitro Funny Car. The car will display PPG's livery at races in Epping, New Hampshire, and Mohnton, Pennsylvania. Bob Tasca III will compete in 22 events this season, continuing a partnership that has lasted over 25 years. PPG's products are used in Tasca's collision centers, highlighting a strong business relationship. PPG reported net sales of $16.8 billion in 2021 and operates in more than 75 countries.
PPG (NYSE: PPG) celebrated the completion of its 1,000th installation of the PPG MOONWALK™ automated refinish paint mixing system at Group Perez Rumbao's facility in Vigo, Spain. This innovative system enhances efficiency by saving labor, reducing waste, and improving paint quality. Key features include a barcode scanner, label printer, and a highly precise dispensing scale. The PPG MOONWALK™ has also received multiple awards, underscoring its significance in the automotive refinish market.
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