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 announced a contribution of nearly
PPG has been recognized on the CLEAN200™ global list as the top manufacturer in paints, coatings, and specialty materials, achieving 35% of its 2020 revenue from sustainably advantaged products. The company aims for 40% by 2025. PPG launched products like PPG ERGOLUX™ Powder Coatings and PPG CoraChar™ Battery Fire Protection Coating to support sustainability goals. The Clean200 ranking evaluates firms based on revenue from sustainable solutions, indicating PPG's commitment to a cleaner future.
PPG (NYSE:PPG) and the PPG Foundation announced a $13.3 million investment in 2021 to support over 500 community programs focusing on education and social equity. Notable highlights include $6.6 million for STEM initiatives, a 37% progress towards a $20 million racial equity commitment by 2025, and $5.9 million for community transformations. PPG completed 56 Colorful Communities® projects in 17 countries, positively impacting over 7.4 million people. Their investments aim to create sustainable communities and enhance pathways for diverse talent in STEM fields.
PPG has released its 2021 automotive color report, noting a surge in demand for two-tone finishes and personalized colors among car buyers. The report reveals advances in color science and application technologies are vital for meeting these trends sustainably. PPG's innovative methods can reduce paint application time by 50 minutes per vehicle, significantly lowering carbon emissions. Key color trends highlight continued popularity for whites and blacks, with greens emerging as a strong choice linked to sustainability.
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PPG announced the acquisition of Arsonsisi's powder coatings business, expanding its capabilities in sustainable coatings. Based in Milan, Italy, Arsonsisi generated approximately
PPG announced leadership changes effective March 1, 2022, for its architectural coatings and traffic solutions sectors. Henrik Bergström will transition to vice president for architectural coatings across Latin America, EMEA, and ANZ, joining the operating committee. Javier Sosa will take over as vice president for architectural coatings in Latin America and president of PPG Comex, while Jaime Irick will expand his role to include traffic solutions. These appointments aim to enhance PPG's strategic direction and operational efficiency in key market regions.
PPG (NYSE: PPG) has renewed its sponsorship of Team Penske and two-time INDYCAR champion Josef Newgarden for the 2022 season, marking nearly 40 years of collaboration. Newgarden will drive the No. 2 PPG Chevrolet in eight races this season. PPG's partnership with Team Penske ensures not only visually appealing cars but also performance excellence. PPG recorded net sales of $16.8 billion in 2021 and continues to supply coatings for Penske's diverse automotive operations.
PPG reported record fourth-quarter net sales of approximately $4.2 billion, a 12% increase year-over-year, driven by higher selling prices. However, the company faced challenges, including a 30% rise in raw material costs and continued supply disruptions. Reported EPS was $1.12, down 2% from the prior year, with adjusted EPS at $1.26, a 25% decline. Despite these headwinds, PPG achieved full-year sales of $16.8 billion, a 21% increase, and announced increased acquisition synergies to $150 million. Looking ahead, PPG anticipates ongoing supply disruptions impacting production.
The Board of Directors of PPG has declared a quarterly dividend of 59 cents per share, payable on March 11 to shareholders of record on February 18. This dividend marks the company's 494th consecutive payment and reflects its commitment to returning value to shareholders, having increased annual dividends for 50 consecutive years. PPG reported net sales of $13.8 billion in 2020 and operates in over 75 countries, providing paints, coatings, and specialty materials.