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PPG Industries Inc (PPG.N)

PPG.N on New York Stock Exchange

103.79USD
24 Mar 2017
Change (% chg)

$-0.83 (-0.79%)
Prev Close
$104.62
Open
$104.50
Day's High
$104.85
Day's Low
$103.60
Volume
316,403
Avg. Vol
443,236
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$117.00
52-wk Low
$89.72

Latest Key Developments (Source: Significant Developments)

PPG Industries CEO M. H. Mcgarry's FY 2016 total compensation $12.47 mln
Thursday, 9 Mar 2017 10:28am EST 

Ppg Industries Inc :CEO M. H. Mcgarry's FY 2016 total compensation was $12.47 million versus $5.96 million in FY 2015 - sec filing.  Full Article

PPG Industries exploring potential deal with Akzo Nobel- Bloomberg
Wednesday, 8 Mar 2017 01:46pm EST 

Akzo Nobel Nv :PPG Industries exploring potential deal with Akzo Nobel- Bloomberg, citing sources.  Full Article

Universal Display to invest in PPG's Barberton facility
Monday, 6 Feb 2017 08:00am EST 

Universal Display Corp :PPG Industries Inc says Universal Display will invest $15 million in PPG's Barberton, Ohio, manufacturing facility.  Full Article

Ppg industries-in connection with morales’s appointment as cfo, his monthly salary will be increased to $41,667
Friday, 20 Jan 2017 03:26pm EST 

PPG Industries Inc :PPG Industries-in connection with Morales’S appointment as CFO, his monthly salary will be increased to $41,667 and will be eligible for target cash bonus under incentive compensation plan of $450,000.  Full Article

PPG acquires automotive refinish coatings company Futian Xinshi
Friday, 20 Jan 2017 08:11am EST 

PPG Industries Inc : PPG acquires automotive refinish coatings company Futian Xinshi . PPG Industries Inc - financial terms were not disclosed. .PPG Industries Inc says PPG will acquire Futian's trademarks, product technology and customer list.  Full Article

PPG Industries appoints Morales as senior vice president, CFO
Thursday, 19 Jan 2017 08:57am EST 

PPG Industries Inc : PPG appoints Morales as senior vice president and chief financial officer; Sklarsky announces retirement . PPG industries inc - Morales is replacing frank S. Sklarsky as CFO . Morales will also join PPG's executive and operating committees .PPG Industries Inc- Vincent J. Morales has been named senior vice president and chief financial officer of PPG effective March 1, 2017.  Full Article

PPG Industries Q4 earnings per share $0.29 from continuing operations
Thursday, 19 Jan 2017 06:51am EST 

PPG Industries Inc : PPG reports fourth quarter and full-year 2016 financial results . Q4 earnings per share $0.29 from continuing operations . Q4 earnings per share view $1.18 -- Thomson Reuters I/B/E/S . PPG Industries Inc says initiated new restructuring program targeting $125 million in annual cost savings . PPG Industries Inc says Q4 adjusted earnings per diluted share from continuing operations of $1.19 . PPG Industries Inc says new restructuring program targets savings of $40 million to $50 million in 2017 . PPG Industries Inc says performance coatings segment net sales in Q4 were $1.98 billion, down $80 million, or less than 4 percent, versus prior year . PPG Industries Inc says anticipate deploying an additional $2.5 billion to $3.5 billion of cash on acquisitions and share repurchases in years 2017 and 2018 combined . PPG Industries Inc says Q4 2016 net sales of $3.5 billion, down more than 1 percent versus prior year .Q4 revenue view $3.55 billion -- Thomson Reuters I/B/E/S.  Full Article

PPG Industries says initiates global restructuring, targets $125 mln in annual savings
Friday, 9 Dec 2016 06:51am EST 

PPG Industries Inc : PPG Industries Inc - will take pretax charge of $190 million to $200 million in Q4 2016 due to restructuring . PPG Industries Inc - of approximately $140 million total cash outlay, about $110 million is expected in 2017, with balance to occur in 2018 . PPG Industries Inc - "because of continued slow overall growth in global demand, we are taking decisive action to adjust our cost structure" . PPG initiates global restructuring, targeting $125 million in annual savings . When completed, company expects restructuring actions to generate $120 million to $130 million in annual savings . PPG Industries - of charges, about $140 million represents cash costs and $50 million to $60 million related to write-down of certain assets and non-cash costs . PPG Industries - also, approximately $15 million of incremental restructuring-related cash costs are expected during 2017 . PPG Industries - $40 million to $50 million of savings projected to be realized in 2017, remainder of expected savings substantially realized by year-end 2018 .PPG initiates global restructuring, targeting $125 million in annual savings.  Full Article

PPG prices offering of euro-denominated senior notes
Thursday, 27 Oct 2016 01:26pm EDT 

Ppg Industries Inc : PPG prices offering of euro-denominated senior notes . priced a public offering of 300 million euros aggregate principal amount of 0.000% notes due 2019 . priced offering of 600 million euros aggregate principal amount of 0.875% notes due 2025 at an issue price of 98.836% of principal amount .priced public offering of 300 million euros aggregate amount of 0.000% notes due 2019 at issue price of 99.632% of principal amount.  Full Article

PPG Industries sees Q3 adj EPS $1.54-$1.57 from cont ops
Friday, 7 Oct 2016 09:07am EDT 

PPG Industries Inc : Sees Q3 2016 Reported Loss Per Share From Continuing Operations To Be In Range Of 74 Cents To 77 Cents . Ppg Provides Update On Third Quarter 2016 Financial Results . Sees Q3 2016 Adjusted Earnings Per Share $1.54 To $1.57 From Continuing Operations . Sees Q3 2016 Sales About $3.8 Billion . Q3 Earnings Per Share View $1.71 -- Thomson Reuters I/B/E/S . Oard Of Directors Has Authorized A $2 Billion Share Repurchase Program. . "We Are Reviewing Potential Actions To Reduce Our Overall Cost Structure" . $2 Billion Share Repurchase Program In Addition To Company's Existing Share Repurchase Authorization Which Was Approved In 2014 . "We Are Disappointed With This Quarter's Eps Growth Rate As We Continue To Operate In A Sluggish Economic Environment" . Expect Spending On Acquisitions, Share Repurchases For Combined Years 2015,2016 To Be At Top End Of Previousl Range Of $2 Billion - $2.5 Billion . The Cost Actions Would Be In Addition To Restructuring Program Announced In 2015 . PPG Industries Inc Sees Q3 2016 Reported Loss Per Share From Continuing Operations To Be In Range Of 74 Cents To 77 Cents .Q3 Earnings Per Share View $1.71, Revenue View $3.83 Billion -- Thomson Reuters I/B/E/S.  Full Article

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PPG chief snubbed by Akzo during Netherlands visit

AMSTERDAM A team of executives from U.S. paint maker PPG left the Netherlands on Friday without meeting their counterparts at Akzo Nobel during a two-day charm offensive to win support for their proposed takeover of their Dutch rival.