PPG Industries Inc. (PPG) has announced that its commercial coatings group will showcase its expertise in coating solutions at the International Construction & Utility Equipment Exposition (:ICUEE), scheduled to be held from Oct 1-3 in Louisville, Ky.
The products that PPG will showcase include Amercoat, Delfleet Essential, Delfleet Evolution product lines and Commercial Performance Coatings. Amercoat is a global brand of PPG Protective & Marine Coatings and offers high-performance coatings that protect industrial onshore and offshore steel structures against corrosion in the world’s most aggressive conditions.
Delfleet Essential is a simple, single-stage, compliant system that delivers a quality finish at an economical price. It is an ideal choice for refurbishing older vehicles or overall paint jobs. Delfleet Evolution is PPG's premium paint system for meeting the demanding needs and exacting specifications of original equipment manufacturer (:OEM) commercial vehicle makers and fleet maintenance operations.
PPG Industries’ experts will guide such requests and provide companies with solutions for their equipment maintenance, manufacturing processes and productivity. In case the businesses face problems with color matching, corrosion or coating performance, PPG will provide solutions to increase their profitability and brand image while keeping an eye on lowering manufacturing and maintenance costs.
PPG Industries, a prominent player in the paints industry along with Akzo Nobel (AKZOY), Sherwin-Williams (SHW) and Valspar (VAL), posted its second-quarter 2013 results on Jul 18. The company posted earnings (barring one-time items) from continuing operations of $2.45 a share in the quarter, which beat the Zacks Consensus Estimate by 11 cents. The adjusted earnings exclude acquisition charges.
Revenues rose 16% year over year to $4,095 million, yet missed the Zacks Consensus Estimate of $4,115 million. Solid results in the coatings business was driven by sales gains across automotive OEM coatings, automotive refinish and aerospace. However, the architectural coatings business was the weakest link in the quarter.
PPG Industries envisions sustained earnings momentum in the third quarter of 2013 driven by similar factors that aided results in the first half, including prudent cost management.
PPG Industries currently carries a Zacks Rank #3 (Hold).
- PPG Industries