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PPG Industries Inc (PPG.N)

PPG.N on New York Stock Exchange

116.25USD
13 Dec 2017
Change (% chg)

$0.36 (+0.31%)
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$115.89
Open
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$116.02
Volume
299,052
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365,854
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$119.69
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Latest Key Developments (Source: Significant Developments)

PPG Industries entered into partnership with Sinode Systems for vehicle battery technology​
Thursday, 16 Nov 2017 09:17am EST 

Nov 16 (Reuters) - PPG Industries Inc -:PPG Industries Inc - ‍ entered into a partnership with Sinode Systems for vehicle battery technology​.PPG Industries Inc - ‍ PPG will help both Raymor Industries and Sinode scale up their manufacturing processes to production volumes to support project​.  Full Article

PPG Industries Q3 earnings per share $1.52 from continuing operations
Thursday, 19 Oct 2017 06:51am EDT 

Oct 19 (Reuters) - PPG Industries Inc :PPG reports third quarter 2017 financial results.Q3 earnings per share $1.52 from continuing operations.Q3 earnings per share view $1.52 -- Thomson Reuters I/B/E/S.PPG Industries Inc qtrly ‍net sales of approximately $3.8 billion, up more than 3 percent versus prior year​.Q3 revenue view $3.74 billion -- Thomson Reuters I/B/E/S.PPG Industries Inc - ‍expects recent natural disasters will unfavorably affect Q4 diluted earnings-per-share by up to $0.05​.PPG Industries Inc - ‍"looking ahead to q4, we expect moderate global economic growth to continue"​.PPG - ‍given after-effects from natural disasters, no longer expect notable decline in level of raw material cost inflation for remainder of this year​.PPG Industries Inc - "‍we continue to execute on our restructuring program" and remain on track to deliver full-year savings of more than $45 million​.PPG Industries Inc qtrly ‍shr attributable to PPG $2.36​.  Full Article

Elliott pushes Azko Nobel to engage in talks with suitor PPG Industries - WSJ, citing sources
Friday, 17 Mar 2017 04:34pm EDT 

:Elliott Management owns stake in Akzo Nobel NV; Elliott is pushing Azko to engage in talks with suitor PPG Industries Inc - WSJ, citing sources.  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

PPG Industries says will divest ownership interest in PFG fiber glass JVs
Thursday, 22 Sep 2016 08:11am EDT 

PPG Industries Inc : PPG reaches agreement to divest its ownership interest in PFG fiber glass joint ventures . Financial terms were not disclosed .To divest its 50 percent ownership interests in its two PFG fiber glass joint ventures (PFG) to Nan Ya Plastics Corp.  Full Article

PPG says executive chairman Bunch to retire
Thursday, 21 Jul 2016 09:01am EDT 

PPG Industries Inc : President and chief executive officer Michael McGarry will become chairman and CEO effective same day . Bunch to retire as PPG executive chairman, CEO McGarry elected to succeed .Charles Bunch to retire Sept. 1 as executive chairman of PPG board of directors.  Full Article

PPG Industries sells flat glass operations to Vitro
Thursday, 21 Jul 2016 08:29am EDT 

PPG Industries Inc: PPG reaches agreement with Vitro for sale of flat glass operations . Says PPG will receive approximately $750 million in gross cash proceeds . PPG will receive approximately $750 million in gross cash proceeds . PPG Industries Inc says PPG will divest its entire flat glass manufacturing and glass coatings operations .Under terms, PPG will divest its entire flat glass manufacturing and glass coatings operations, including production sites.  Full Article

PPG Industries reports Q2 earnings per share $1.37
Thursday, 21 Jul 2016 06:51am EDT 

PPG Industries Inc : PPG reports second quarter 2016 financial results . Q2 adjusted earnings per share $1.85 . Q2 earnings per share $1.37 . Q2 sales $4.1 billion versus i/b/e/s view $4.17 billion . Q2 earnings per share view $1.85 -- Thomson Reuters I/B/E/S . Sees accelerated cash deployment in second half of year . Reiterated its commitment to deploy $2.0 billion to $2.5 billion of cash, in years 2015 and 2016 combined, on acquisitions and share repurchases . "In U.S. and Canada, net sales declined in comparison to prior year primarily due to lower architectural coatings volumes" . Sees total cash deployment for 2015 and 2016 combined to be toward upper end of announced cash deployment targets . Says "sales volumes accelerated in Asia, supported by growth in China and India that aided both coatings segments" . "Anticipate an acceleration of volume growth in Q3" .Says qtrly unfavorable foreign currency translation impacted net sales by 2 percent, or about $30 million.  Full Article

PPG names Jeff Oravitz as vice president of PPG Coatings Services
Monday, 11 Jul 2016 03:38pm EDT 

PPG Industries Inc: PPG announces executive appointment .Jeff Oravitz, previously CEO of MetoKote, is appointed vice president of PPG Coatings Services and president of PPG-MetoKote.  Full Article

Metlife signs pension buyout agreement with PPG
Tuesday, 28 Jun 2016 09:00am EDT 

Metlife Inc : Metlife signs pension buyout agreement with PPG . PPG will purchase group annuity contracts from Metlife and Massmutual . Deal will be executed with a combination of cash and assets-in-kind .PPG entered into agreement with co, Massachusetts Mutual Life Insurance Company to provide annuity benefits to about 13,400 retirees.  Full Article

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Akzo Nobel shareholders approve chemicals split

AMSTERDAM Akzo Nobel gained shareholder approval on Thursday to spin off its 10 billion euro ($11.9 billion) chemicals division as part of plans to placate investors after the Dutch paintmaker rejected a takeover offer from rival PPG Industries .