|Bid||94.59 x 800|
|Ask||102.77 x 800|
|Day's Range||97.58 - 100.83|
|52 Week Range||94.37 - 122.07|
|Beta (3Y Monthly)||1.05|
|PE Ratio (TTM)||20.21|
|Earnings Date||Jan 16, 2019 - Jan 21, 2019|
|Forward Dividend & Yield||1.92 (1.86%)|
|1y Target Est||111.68|
PPG announced Friday that it would acquire global coatings manufacturer Whitford Worldwide, which is based in Pennsylvania
PPG (PPG) today announced that it has reached a definitive agreement to acquire Whitford Worldwide Company (“Whitford”), a global manufacturer that specializes in low-friction and nonstick coatings for industrial applications and consumer products. “The acquisition of Whitford will allow PPG to further drive value for its customers and shareholders by enhancing our range of product offerings, research and development capabilities, and global market reach in the growing industrial coatings sector,” said Michael McGarry, PPG chairman and chief executive officer. Whitford, a privately held company headquartered in Elverson, Pennsylvania, was founded in 1969.
PPG (PPG) today announced that it is increasing its investment in automated dispense cell manufacturing of paint and related coatings for the automotive parts and accessories decorative (APAD) space. Dispense cell technology enables PPG to dramatically accelerate production and approval of paint batches for vehicle original equipment manufacturers (OEMs) and component suppliers. The technology allows coatings components to be automatically drawn from storage vats in the correct proportions and mixed directly in their shipping containers, vastly simplifying and increasing the efficiency of the coatings manufacturing process.
On December 6, Axalta (AXTA) announced that it received approval from Porsche AG to use Axalta’s three premium refinish brands. The premium refinish brands will be used by Porsche dealerships and body shops worldwide. The brands include Cromax, Spies Hecker, and Standox.
On December 3, PPG Industries (PPG) announced that it completed the acquisition of SEM Products. PPG Industries entered into a definitive agreement to acquire SEM Products on October 18. SEM Products is a US-based manufacturer that specializes in automotive refinish products. However, PPG Industries hasn’t disclosed the deal’s financial aspects.
PPG (PPG) and the National Hockey League (NHL®) today announced that official game pucks featuring thermochromic coatings supplied by PPG will be in play at the 2019 Bridgestone NHL Winter Classic® at Notre Dame Stadium on New Year’s Day. The advanced coatings change from purple to clear when a puck’s temperature is above freezing, providing a visual indication to officials that the puck should be replaced. The coated pucks will be tested at NHL tentpole events during the 2018-19 season and will be further evaluated for broader use in the future.
Analysts’ interest in Albemarle (ALB) has increased compared to the previous three months. Currently, 23 analysts are actively tracking the stock. Among the analysts, 74% recommend a “buy,” 22% recommend a “hold,” and 4% recommend a “sell.” Analysts’ views and recommendations are vital for investors. The recommendations help investors track the stock price movements.
In a press release on December 3, PPG Industries (PPG) announced that it will increase industrial coating prices 10%. The price increase will have a global impact. The price increases are mainly due to increased production costs.
Moody's Investors Service cut its outlook for the global manufacturing industry to stable from positive, saying trade tensions will still hurt demand this year while earnings for the sector decreases because of higher input costs, despite the U.S.-China trade-war truce. Moody's also cut its forecast for year-over-year earnings before interest, taxes, depreciation and amortization (EBITDA) growth to 2.7% from 4.3% in 2018 and to 4% from 5.7% in 2019. "Despite the US and China's truce on tariffs until March 2019, potential tariffs on each other's goods after that point are likely to have a more prominent impact on supply chains just as they contend with tight labor markets and higher transportation costs," Moody's David Berge wrote in a research note. "Generally, protectionist trade measures will contribute to slowing global economic growth." Earlier Monday, PPG Industries Inc. said it will raise prices on all industrial coatings by 10% given "unprecedented cost pressures" in raw materials, freight, energy and labor. The SPDR Industrial Select Sector ETF was up 1.1% in afternoon trade, but pared earlier gains of as much as 2.6%. The ETF has lost 4.8% over the past three months, while the Dow Jones Industrial Average has slipped 0.8%.
PPG Industries Inc. said Monday it will raise prices on all of its industrial coatings products by 10%, effective Jan. 1 as permissible by contract. The company cited "unprecedented cost pressures" in raw materials, freight, energy and labor for the price increases. The stock rose 1% in morning trade. In the third quarter, the company said U.S. and Canada sales represented 43% of total revenue, Asia-Pacific sales represented 17%, Europe, Middle East and Africa represented 30% and Latin America accounted for 10%. "We continue to be diligent in offsetting costs and exercising cost-control measures across our supply chain to increase efficiency," said Tim Knavish, senior vice president of industrial coatings. "Despite these efforts, we must modify our pricing to ensure that we can continue to deliver exceptional technical support and solutions to our customers." The stock has shed 5.6% year to date, while the SPDR Materials Select Sector ETF has lost 8.2% and the S&P 500 has gained 4.4%.
PPG (PPG) today announced that it will implement a 10 percent price increase on all of its industrial coatings products globally. The change will be effective Jan. 1, 2019, or as permissible by contract, and will apply to all industrial coatings end-use segments. Tim Knavish, PPG senior vice president, industrial coatings, cited unprecedented cost pressures in raw materials, freight, energy and labor for the resulting price increase.
NEW YORK, Dec. 03, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
PPG today announced that it has completed its acquisition of SEM Products, Inc., a U.S.-based manufacturer of specialized automotive refinish products. Financial terms were not disclosed.
PPG Industries' (PPG) Sigmashield 880 coating offers superior abrasion, seawater and corrosion resistance with improved cathodic disbondment protection.
One-coat, direct-to-metal coating suitable for fast application, quick curing in highly aggressive marine environments