U.S. Markets open in 32 mins

PPG Industries Renews TIPS ON TOUR Program

Zacks Equity Research

PPG Industries’ ( PPG) LIQUID NAILS brand under its Architectural coatings adhesives unit has renewed its TIPS ON TOUR program with its fourth season coming on stream. This new program will be equipped with two new mobile marketing units that will travel to more than 300 stops across the U.S. and Canada to educate contractors on various applications of construction adhesives.


The program will help professional contractors and remodelers with relevant and exciting job site tips that will save their time and money, while providing a better-quality end product. The tour has been renovated in 2014 with two branded 2014 F-250 trucks and trailer units along with 300 events from the earlier denomination of one truck and 75 events. 


The new tour will cover a 40-by-20 foot area for more than nine months and halt at home improvement stores, trade shows and other places to give interactive in-person and video demonstrations with quick educational advice on varied applications of construction adhesives.


The tour managers will play triple roles acting as drivers, LIQUID NAILS brand ambassadors and product experts while conducting this program. Their primary point of contact will be pros, do-it-yourself-ers (DIY-ers) and first-time users and they will provide information about the ways LIQUID NAILS brand adhesives can improve performance on the job site and work on household repairs.


The event attendees will obtain special giveaways and discounts of up to $50 cash back on future purchases of LIQUID NAILS products.


PPG Industries saw its profit jump in fourth-quarter 2013, reported on Jan 16, due to strength in its coatings business and its cost management initiatives. Adjusted earnings of $1.81 per share topped the Zacks Consensus Estimate by 8 cents. Revenues rose 14% year over year to $3,702 million and were also ahead of the Zacks Consensus Estimate of $3,698 million. 


Healthy momentum across aerospace and automotive markets aided results. PPG Industries envisions favorable market conditions across these two end markets in 2014.


PPG Industries sees strong growth in the U.S. with healthy trends across several coatings end-use markets. The company expects measured growth in the European region in 2014, which represents about one-third of its sales.


PPG Industries currently carries a Zacks Rank #2 (Buy).


Other companies in the chemical industry worth considering include Northern Technologies International Corp. ( NTIC), Methanex Corporation ( MEOH) and The Dow Chemical Company ( DOW). While Northern Technologies and Methanex hold a Zacks Rank #1 (Strong Buy), Dow carries a Zacks Rank #2.

Read the Full Research Report on PPG
Read the Full Research Report on DOW
Read the Full Research Report on MEOH
Read the Full Research Report on NTIC

Zacks Investment Research