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PPG Industries Inc (PPG.N)

PPG.N on New York Stock Exchange

102.08USD
18 Aug 2017
Change (% chg)

$-0.60 (-0.58%)
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$102.68
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Volume
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$113.66
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Latest Key Developments (Source: Significant Developments)

PPG Industries sees sequentially lower net sales for performance coatings in Q3 2017
Friday, 21 Jul 2017 04:58pm EDT 

July 21 (Reuters) - PPG Industries Inc ::Says in Q3 of 2017, expect sequentially lower net sales for performance coatings, due to normal business seasonality .Says in Q3 of 2017, expect net acquisition-related sales to add $20 million to $25 million to performance coatings segment sales.Based on current exchange rates, expect foreign currency translation not to have significant impact on Q3 performance coatings segment sales and income.Says in architectural coatings businesses, for Q3, anticipate consistent industry demand trends in each region sequentially - SEC filing.  Full Article

PPG to acquire coatings application services provider The Crown Group
Thursday, 20 Jul 2017 12:55pm EDT 

July 20 (Reuters) - Ppg Industries Inc :PPG to acquire coatings application services provider The Crown Group.Ffinancial terms were not disclosed.​.Agreement to acquire Crown Group, from High Road Capital Partners and Charter Oak Capital Partners.  Full Article

PPG approves 13 pct dividend increase to 45 cents per share
Thursday, 20 Jul 2017 09:39am EDT 

July 20 (Reuters) - PPG Industries Inc : :PPG directors approve 13-percent dividend increase to 45 cents per share.  Full Article

PPG reports Q2 earnings per share $1.95 from continuing operations
Thursday, 20 Jul 2017 06:51am EDT 

July 20 (Reuters) - PPG Industries Inc :PPG reports second quarter 2017 financial results.Q2 earnings per share $1.95 from continuing operations.Q2 earnings per share view $1.82 -- Thomson Reuters I/B/E/S.Q2 adjusted earnings per share $1.83 from continuing operations.PPG industries inc qtrly ‍adjusted earnings per diluted share from continuing operations of $1.83​.Q2 sales rose 1 percent to $3.8 billion.Q2 revenue view $3.90 billion -- Thomson Reuters I/B/E/S.- unfavorable foreign currency translation impacted qtrly net sales by nearly 2 percent, or about $65 million​.PPG Industries Inc - "‍looking ahead, overall global economic growth is expected to remain consistent but modest"​.PPG Industries Inc - "‍expect a higher level of earnings-accretive cash deployment in second half of 2017 versus first half"​.PPG Industries Inc - ‍resuming share repurchases in Q3​.PPG Industries- ‍communicated intent to deploy $2.5 billion to $3.5 billion of cash on acquisitions and share repurchases in years 2017, 2018.PPG Industries- ‍now targeting upper-end of $2.5 billion to $3.5 billion range at minimum​ in years 2017 and 2018.  Full Article

PPG Industries says deal with Nippon Electric Glass to close in H217
Wednesday, 12 Jul 2017 05:23pm EDT 

July 12 (Reuters) - PPG Industries :PPG Industries says deal to sell assets of its North American fiberglass operations to Nippon Electric Glass is expected to close in H2 2017 - SEC filing.  Full Article

Fitch says Akzo rating to remain under pressure after PPG withdrawal
Monday, 5 Jun 2017 04:29am EDT 

June 5 (Reuters) - Fitch: :Fitch: Akzo rating to remain under pressure after PPG withdrawal.Fitch - PPG Industries' withdrawal from its pursuit of Akzo Nobel does not affect rating watch negative (rwn) on Akzo's 'BBB+' IDR.Fitch - do not expect to resolve rating watch negative until there is more clarity on plans and impact on Akzo's existing capital structure.Fitch - Akzo to be under pressure from shareholders to see through strategic plan of separating specialty chemicals business, which will be credit negative.  Full Article

Akzo Nobel to actively solicit the views of shareholders
Friday, 2 Jun 2017 08:06am EDT 

June 2 (Reuters) - AKZO NOBEL NV ::ANNOUNCES IT WILL EMBARK ON A PROGRAM TO ACTIVELY SOLICIT THE VIEWS OF SHAREHOLDERS, INCLUDING THOSE WHO HAVE RECENTLY CHALLENGED THE COMPANY.BOARDS OF AKZONOBEL WILL THOROUGHLY REVIEW AND CONSIDER THE FEEDBACK RECEIVED FROM SHAREHOLDERS IN ORDER TO DETERMINE APPROPRIATE ADDITIONAL NEXT STEPS.“WE HIGHLY VALUE SHAREHOLDER PERSPECTIVES AND REGRET THAT A NUMBER OF SHAREHOLDERS BELIEVE WE HAVE INSUFFICIENTLY EXPLAINED OUR CONSIDERATIONS IN RESPECT OF PPG’S PROPOSALS"-CEO.  Full Article

AkzoNobel notes recent announcement from PPG that it has withdrawn its proposal and will not pursue offer for AkzoNobel
Thursday, 1 Jun 2017 06:14am EDT 

June 1 (Reuters) - AKZO NOBEL NV ::NOTES THE RECENT ANNOUNCEMENT FROM PPG THAT IT HAS WITHDRAWN ITS PROPOSAL AND WILL NOT PURSUE AN OFFER FOR AKZONOBEL.AKZONOBEL REAFFIRMS COMMITMENT TO ACCELERATING GROWTH AND ENHANCING PROFITABILITY.  Full Article

PPG issues statement regarding decision by the Dutch authority for the financial markets
Tuesday, 30 May 2017 05:02pm EDT 

May 30 (Reuters) - PPG Industries Inc ::PPG issues statement regarding decision by the dutch authority for the financial markets.PPG Industries Inc - ‍PPG was notified late today by dutch authority for financial markets (afm) that it did not grant ppg's request for an extension​.PPG Industries-will continue to assess all options including whether or not to file preliminarily draft offer memorandum with afm by no later than june 1​.  Full Article

PPG issues statement regarding decision by Amsterdam Enterprise Chamber
Monday, 29 May 2017 02:51pm EDT 

May 29 (Reuters) - PPG Industries Inc ::PPG issues statement regarding decision by Amsterdam Enterprise Chamber.PPG remains willing to meet with Akzonobel regarding a potential combination of the two companies.PPG will assess and decide whether or not to pursue an offer for Akzonobel.  Full Article