|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||108.24 - 110.17|
|52 Week Range||100.45 - 122.07|
|PE Ratio (TTM)||17.64|
|Forward Dividend & Yield||1.80 (1.64%)|
|1y Target Est||N/A|
For 1Q18, PPG Industries (PPG) reported revenue of $3.78 billion, an increase of 6.2% on a YoY (year-over-year) basis. On a continuing operation basis, PPG’s revenue grew 8.6%. In 1Q17, PPG Industries reported revenue of $3.48 billion on a continuing operation basis. Since 2013, PPG’s revenue has grown at a CAGR (compound annual growth rate) of 2.6%.
PPG Industries’ (PPG) Industrial Coatings segment is its second reporting segment. It represented 42.8% of the company’s total revenue in 1Q18, compared to 42.1% in 1Q17. The Industrial Coatings segment reported revenue of $1.62 billion in 1Q18, compared to $1.47 billion in 1Q17—an increase of 10.2% on a YoY (year-over-year) basis. The general industrial and specialty coatings business saw volume growth, while packaging coatings continued to grow as a result of the continued adoption of new technology.
Among the two reporting segments for PPG Industries (PPG), PPG’s Performance Coatings segment contributed the larger share of the company’s overall revenue in 1Q18. The Performance Coatings segment’s revenue growth mainly resulted from favorable foreign currency and better pricing. The architectural coatings business in the Americas and Asia-Pacific increased in low single-digit percentages year-over-year.
PPG Industries (PPG) announced its 1Q18 earnings before the market opened on April 19. The company reported adjusted EPS (earnings per share) of $1.39 in 1Q18, a rise of ~3.0% over its 4Q16 EPS on a reporting basis. In 4Q16, PPG Industries reported adjusted EPS of $1.35. On a continuing operation basis, the earnings represent growth of 4.5%. However, PPG’s earnings missed analysts’ estimate of $1.40 adjusted EPS.
Home Depot (HD) has expanded its partnership with PPG Industries to sell the latter's OLYMPIC brand stains at its 2,000 stores in the United States.
Sherwin-Williams (SHW) is set to announce its 1Q18 earnings on April 24, 2018, before the market opens. It will hold a conference call that day at 11:00 AM EST. In this series, we’ll look at SHW’s stock performance since its 4Q17 earnings and analysts’ revenue and EPS (earnings per share) estimates and recommendations.
Industries Inc. said Thursday it has launched an investigation after receiving a report alleging violations of its accounting policies. PPG said Thursday it had started an “extensive review” of its cost structure after losing a customer.
Shares of paint maker PPG Industries Inc. slid 1.7% in early trade, after the company disclosed an accounting issue that it is now probing. PPG said as it was finalizing its first-quarter earnings, it received a report from its internal system regarding possible violations of its accounting policies.
On a per-share basis, the Pittsburgh-based company said it had net income of $1.40. Earnings, adjusted to account for discontinued operations, were $1.39 per share. The results missed Wall Street expectations. ...
The Dutch cabinet on Thursday proposed a law that would require any group wishing to try to take over a Netherlands-based telecommunications company to first seek government approval. The proposed "Law on Undesired Control of Telecommunications" would apply to telephone, internet, website hosting and data centre companies, the Cabinet said in a statement. The proposal echoes political determination to protect Dutch companies from foreign takeovers after a series of failed attempts in recent years, notably Dulux paint-maker Akzo Nobel's (AKZO.AS) rejection last year of a bid from U.S. rival PPG (PPG.N), which the government said was not in the national interest.
What Can PPG Industries Deliver in the First Quarter of 2018? As of March 29, 2018, the latest data showed that PPG Industries’ (PPG) short interest has increased since the beginning of 2018, indicating that bearish sentiment in the stock has increased. As of March 29, 2018, its short interest as a percentage of outstanding shares was 3.1%.
Analysts’ interest in PPG Industries (PPG) has increased over the past six months. Currently, 24 analysts are actively tracking the stock. About 50% of them are recommending a “buy,” 50% are recommending a “hold,” and none of them are recommending a “sell.”
PPG Industries’ (PPG) adjusted EPS (earnings per share) is projected to be $1.40 for 1Q18, reflecting a growth of 3.7% on a YoY (year-over-year) basis. In 1Q17, PPG’s adjusted EPS was $1.35.
PPG Industries (PPG) is expected to post revenues of $3.7 billion in 1Q18, an increase of 4.2% on a year-over-year basis. In 1Q17, it reported revenues of $3.6 billion. Its peers Sherwin-Williams (SHW) and Axalta (AXTA) are projected to grow 43% and 13.5%, respectively. RPM International (RPM) in its latest quarter reported a revenue increase of 7.8%.
In a press release on March 21, 2018, PPG Industries (PPG) said it would announce its 1Q18 earnings on April 19, 2018, before the market opens. There will be a teleconference at 2:00 PM EST that same day to discuss the results.
RPM International (RPM) announced its fiscal 3Q18 earnings on April 5, 2018, before the market opened. RPM reported adjusted EPS (earnings per share) of $0.21 and diluted EPS of $0.30. The adjusted EPS, which do not include the gains of $0.01 per share related to tax reform and $0.08 due to lower corporate tax, grew 133.3% YoY (year-over-year). In 3Q17, RPM reported adjusted EPS of $0.09.
The sale of Akzo Nobel’s specialty-chemicals business for $12.6 billion will create a pure-play coatings company potentially attractive to U.S. paint giants Sherwin-Williams and PPG Industries.
Akzo Nobel (AKZO.AS) will sell its chemicals business in a 10.1 billion euro ($12.6 billion) deal to buyers led by Carlyle Group (CG.O), the maker of Dulux paints said on Tuesday, making good on a promise made as it fought off a takeover last year. The sale of the Specialty Chemicals operation to Carlyle and Singapore's GIC sovereign wealth fund for a slightly better than expected price will allow Akzo to focus on its main paints and coatings business. It delivers one of the biggest commitments made by Akzo Nobel in its defence against a 26 billion euro ($32 billion) takeover offer from U.S. rival PPG Industries (PPG.N) last year.