PPG - PPG Industries, Inc.

NYSE - NYSE Delayed Price. Currency in USD
110.72
+1.10 (+1.00%)
At close: 4:04PM EDT
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Previous Close109.62
Open109.14
Bid110.84 x 1300
Ask111.69 x 1000
Day's Range109.14 - 111.44
52 Week Range94.37 - 121.29
Volume855,577
Avg. Volume1,297,178
Market Cap26.162B
Beta (3Y Monthly)0.93
PE Ratio (TTM)21.77
EPS (TTM)5.09
Earnings DateOct 16, 2019 - Oct 21, 2019
Forward Dividend & Yield2.04 (1.86%)
Ex-Dividend Date2019-08-09
1y Target Est125.50
Trade prices are not sourced from all markets
  • Business Wire

    PPG Foundation Invests $1.5 Million in Grants to Support Educational, Community Sustainability Programs 

    “From hands-on, educational workshops in science, technology, engineering and math (STEM), to programs that foster workforce development, entrepreneurship and financial literacy skills, PPG partners with organizations that provide a sustainable path forward for young people in our local communities,” said Malesia Dunn, executive director, PPG Foundation and corporate global social responsibility.

  • Business Wire

    PPG Completes 11 COLORFUL COMMUNITIES Projects Across U.S. in First Half of 2019

    PPG today announced the completion of 11 COLORFUL COMMUNITIES® projects in the first half of 2019 that helped create bright and colorful spaces across the U.S.

  • PPG Industries Closes Specialty Materials Producer Buyout
    Zacks

    PPG Industries Closes Specialty Materials Producer Buyout

    The buyout of Dexmet enables PPG Industries (PPG) to add value to its customers by enhancing product offerings as well as expanding its R&D capabilities.

  • PPG Industries to Invest $15M in Application Support Center
    Zacks

    PPG Industries to Invest $15M in Application Support Center

    PPG Industries' (PPG) state-of-the-art facility in Singapore will aid collaboration and enable the company to deliver efficient and value-added services to customers.

  • Celanese (CE) Poised on Productivity Actions and Projects
    Zacks

    Celanese (CE) Poised on Productivity Actions and Projects

    Celanese (CE) should gain from cost savings through productivity actions and investments in organic projects.

  • Business Wire

    PPG Completes Acquisition of Specialty Materials Manufacturer Dexmet

    PPG (PPG) announced that it has completed its acquisition of Dexmet Corporation, a manufacturer of specialty materials for surfaces in aerospace, automotive and industrial applications. Financial terms were not disclosed. The company, which has approximately 75 employees, specializes in customized, highly-engineered, expanded and perforated metal foils and polymers used for mission-critical applications in aerospace, energy storage, and other industrial applications.

  • Business Wire

    PPG Announces $15 Million Investment in Singapore Aerospace Application Support Center

    PPG (PPG) today announced a $15 million investment in a new 38,750-square-foot (3,600-square-meter) application support center (ASC) at the Seletar Aerospace Park near the Seletar Airport in Singapore. The project is the company’s largest investment to date in Southeast Asia. Scheduled for completion in the first quarter of 2020, the ASC will accommodate increased demand for aerospace sealants and coatings, chemical management services and the packaging of third-party products.

  • Poni and Comex Join Forces to Distribute Poni Cash Cards in Mexico
    Business Wire

    Poni and Comex Join Forces to Distribute Poni Cash Cards in Mexico

    The US-to-Mexico remittance market is now greatly expanding with an innovative and revolutionary option for all Mexican beneficiaries of remittances sent from the U.S., significantly improving the receiving experience by adding a new strategic partnership. Poni and Comex - a PPG brand - entered a partnership to offer Poni Cash Cards throughout their network of over 4,500 stores and concessionaires.

  • PPG Indianapolis Aerospace Center Works With Bosma Enterprises to Provide Employment Opportunities for Blind, Visually Impaired
    Business Wire

    PPG Indianapolis Aerospace Center Works With Bosma Enterprises to Provide Employment Opportunities for Blind, Visually Impaired

    PPG (PPG) today announced that its Indianapolis aerospace application support center (ASC) is working with nonprofit Bosma Enterprises to provide employment opportunities for people who are blind or visually impaired. The ASC is extending light assembly work to the nonprofit, with Bosma Enterprises employees using PPG-designed guides and tools to assemble and bag small parts that are used to mix aerospace sealants. “PPG is committed to employing people of all abilities, and this arrangement enables us to connect with a highly capable but often underused segment of the local workforce,” said Connie Poulsen, PPG business manager, ASC, aerospace, Indianapolis.

  • GlobeNewswire

    Michael H. McGarry Elected to U. S. Steel Board of Directors

    PITTSBURGH, July 30, 2019 -- United States Steel Corporation (NYSE: X) announced today that Michael H. McGarry has been elected to the company’s Board of Directors. Michael.

  • Business Wire

      PPG to Acquire Specialty Materials Manufacturer Dexmet Corporation

    PPG (PPG) today announced that it has reached a definitive agreement with private equity firm Sverica Capital Management LP to acquire Dexmet Corporation, a manufacturer of specialty materials for surfaces in aerospace, automotive and industrial applications. The company is a leader in several critical application areas, including aircraft lightning strike protection. “The acquisition of Dexmet will enable PPG to provide further value to our customers by enhancing our range of product offerings, expanding our research and development capabilities, and increasing our market reach across PPG’s aerospace, automotive and industrial coatings businesses,” said Michael McGarry, PPG chairman and chief executive officer.

  • Thomson Reuters StreetEvents

    Edited Transcript of PPG earnings conference call or presentation 18-Jul-19 6:00pm GMT

    Q2 2019 PPG Industries Inc Earnings Call

  • Barrons.com

    Morgan Stanley and Citigroup Raised Their Dividends, Along With 3 Others

    Large U.S. banks continued to churn out dividend increases this week, along with companies from other sectors.

  • PPG Industries Inc (PPG) Q2 2019 Earnings Call Transcript
    Motley Fool

    PPG Industries Inc (PPG) Q2 2019 Earnings Call Transcript

    PPG earnings call for the period ending June 30, 2019.

  • Bloomberg

    Axalta Draws Interest From Kansai Paint and PPG

    (Bloomberg) -- Axalta Coating Systems Ltd., the car-paint maker exploring a sale, has drawn preliminary interest from rival companies, according to people familiar with the matter.Kansai Paint Co. Ltd. and PPG Industries Inc. are among firms considering making offers, said the people, who asked to not be identified because the matter isn’t public. The Philadelphia-based company is in the early stages of soliciting offers from several parties with the aim of reaching a deal in the fall, one of the people said.Akzo Nobel NV said "at this time" it is "not participating in the process" after Bloomberg News reported that it was among parties that had shown preliminary interest, citing people familiar. "We carefully consider strategic opportunities as they arise and feel under no pressure to do anything different because our peer company has announced a strategic review," Akzo said in an emailed statement on Thursday.Axalta, which is backed by Warren Buffett’s Berkshire Hathaway Inc., rose 0.5% at 2:45 p.m. in New York after rising as much as 6.4%. Its stock has risen about 18% since announcing June 19 that it would review strategic alternatives, including a sale, giving it a market value of about $7.1 billion.Private equity firms are also looking, though interest has been lukewarm so far, the people said. Axalta hasn’t made a final decision on selling all or part of the company and bidders could end up opting against formal offers, they said.Representatives for Axalta and PPG Industries declined to comment. A representative for Kansai Paint didn’t immediately respond to a request for comment left outside of regular business hours.Axalta, led by President and Chief Executive Officer Robert Bryant, has been a takeover target for years. Activist investor Jana Partners took a stake and had been pushing the company to explore alternatives before it announced the review, people familiar with the matter said in June.The company, which makes coatings for vehicles or pipelines, held takeover talks in 2017 with Nippon Paint Holdings Co.Axalta went public in 2014, a year after private equity firm Carlyle Group LP acquired the company from DuPont.(Adds Akzo Nobel statement in third paragraph.)To contact the reporters on this story: Kiel Porter in Chicago at kporter17@bloomberg.net;Dinesh Nair in London at dnair5@bloomberg.netTo contact the editors responsible for this story: Liana Baker at lbaker75@bloomberg.net, Matthew Monks, Amy ThomsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Business Wire

    PPG Directors Approve 6 Percent Dividend Increase to 51 Cents Per Share

    The board of directors of PPG today approved a 3-cents-per-share increase in the company’s dividend, declaring a regular quarterly dividend of 51 cents per share, payable Sept.

  • PPG Industries (PPG) Q2 Earnings Beat, Sales Trail Estimates
    Zacks

    PPG Industries (PPG) Q2 Earnings Beat, Sales Trail Estimates

    Unfavorable currency swings hurt PPG Industries' (PPG) Q2 net sales. The company sees Q3 earnings in the range of $1.57-$1.67 per share.

  • PPG Industries (PPG) Tops Q2 Earnings Estimates
    Zacks

    PPG Industries (PPG) Tops Q2 Earnings Estimates

    PPG Industries (PPG) delivered earnings and revenue surprises of 1.09% and -1.72%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Business Wire

    PPG Reports Second Quarter 2019 Financial Results

    PITTSBURGH-- -- Net sales of $4 billion, which is nearly 3% lower versus prior year; up about 1% in constant currencies Reported earnings per diluted share from continuing operations of $1.13 and adjusted earnings per diluted share from continuing operations of $1.85 Continued operating margin recovery driven by further selling price realization and cost management Improvement in operating cash flow ...

  • TheStreet.com

    [video]PPG Industries Beats Q2 Earnings Forecast, But Stronger Dollar Hit Sales

    PPG Industries posted stronger-than-expected second quarter earnings Thursday but cautioned that near-term profits will be softer amid slowing sales and an ongoing negative impact from foreign exchange rates.

  • PPG Completes COLORFUL COMMUNITIES Project at U.S. Space & Rocket Center to Commemorate 50th Anniversary of Apollo 11 Moon Landing
    Business Wire

    PPG Completes COLORFUL COMMUNITIES Project at U.S. Space & Rocket Center to Commemorate 50th Anniversary of Apollo 11 Moon Landing

    PPG (PPG) today announced the completion of a COLORFUL COMMUNITIES® project to revitalize the Saturn V rocket replica displayed at the U.S. Space & Rocket Center (USSRC) in commemoration of the 50th anniversary of the Apollo 11 moon landing. The project brought together approximately 150 employee volunteers from PPG, USSRC and Boeing, who spent a half day in March painting sections of the Saturn V replica and other highly visited areas around the center. The Colorful Communities program provides PPG volunteers and paint products along with financial contributions to bring color and vitality to communities where the company operates around the world, such as in Huntsville, Alabama, where PPG operates an aerospace transparencies manufacturing facility.

  • What's in the Offing for PPG Industries' (PPG) Q2 Earnings?
    Zacks

    What's in the Offing for PPG Industries' (PPG) Q2 Earnings?

    Our proven model does not show that PPG Industries (PPG) is likely to beat the Zacks Consensus Estimate this quarter.

  • PPG Coatings Protect, Beautify KENNYWOOD Park’s New Steel Curtain Roller Coaster, Cars
    Business Wire

    PPG Coatings Protect, Beautify KENNYWOOD Park’s New Steel Curtain Roller Coaster, Cars

    Company creates custom STEELERS Yellow color to celebrate Pittsburgh’s, PPG’s hometown pride

  • Analysts Estimate PPG Industries (PPG) to Report a Decline in Earnings: What to Look Out for
    Zacks

    Analysts Estimate PPG Industries (PPG) to Report a Decline in Earnings: What to Look Out for

    PPG Industries (PPG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Markit

    See what the IHS Markit Score report has to say about PPG Industries Inc.

    PPG Industries Inc NYSE:PPGView full report here! Summary * Perception of the company's creditworthiness is negative * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for PPG with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting PPG. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $5.06 billion over the last one-month into ETFs that hold PPG are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers’ Index (PMI) data, output in the Basic Materialsis falling. The rate of decline is significant relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. PPG credit default swap spreads are at their highest levels for the past 3 years, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.