PPG industries Inc.'s (PPG) PITTSBURGH PAINTS brand has launched the PPG Color Work Station, a new retail palette display having an integrated 42-inch digital touchscreen work station. The new display includes more than 1,700 colors both new as well as existing.
The display also offers large, designer-sized take-home color strips, coordinated palettes and magazine-like color cards which make the selection of colors easier. The PPG Color Work Station also provides a more organized display that enables customers to identify coordinating colors. The Core Colors station includes more than 1,300 colors in large 4-inch by 7-inch take-home chips while the Harmony Colors station takes customers from color selection to color coordination by offering 295 stand-alone colors.
The integrated digital work station provides a range of tools which help customers choose colors by using the new palette consisting of more than 2,000 new and existing key colors. The customers can view the colors on a big screen and also have the option of painting a room with any color. The customers can scan color chips and brochures with a bar code reader to view the color on the screen and paint virtually.
The customers also get color tip videos, ideas and product information. They can coordinate colors by viewing new palette brochures such as Harmonies, Color Diaries by Vicente Wolf and the Frank Lloyd Wright Color Collection. They also receive swatches and painted rooms at home through email to view later and then paint rooms at home.
PPG Industries recorded adjusted earnings from continuing operations (excluding acquisition-related expenses of $2 million or a penny per share) of $1.98 a share for first-quarter 2014, up 42% from $1.39 per share reported in the year-ago quarter.
The company has delivered record first-quarter adjusted earnings on the back of a strong coatings portfolio, broad global footprint, aggressive cost discipline, prudent cash deployment and targeted cost synergies received from acquisitions.
Revenues rose 17% year over year to $3,636 million in the reported quarter from $3,108 million in the year-ago quarter. The year-over-year rise is attributable to higher industry demand in aerospace and automotive original equipment manufacturers (:OEM) coatings. Results were also aided by accelerated global volume growth across all regions including Europe, where volumes rose due to economic recovery.
PPG Industries carries a Zacks Rank #3 (Hold).
Other companies in the chemical industry worth considering include Compass Minerals International Inc. (CMP), L'Air Liquide SA (AIQUY) and Koninklijke DSM N.V. (RDSMY). While Compass Minerals carries a Zacks Rank #1 (Strong Buy), L'Air Liquide and Koninklijke DSM hold a Zacks Rank #2.