PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials worldwide. The company's Performance Coatings segment offers coatings, solvents, adhesives, sealants, sundries, and software for automotive and commercial transport/fleet repair and refurbishing, light industrial coatings, and specialty coatings for signs; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft. It also provides coatings and finishes for the protection of metals and structures, such as metal fabricators, heavy duty maintenance contractors, and manufacturers of ships, bridges, and rail cars; paints, wood stains, and purchased sundries for painting and maintenance contractors, and consumers for decoration and maintenance of residential and commercial building structures; and thermoplastics, pavement marking products, and other technologies for pavement marking. The company's Industrial Coatings segment provides coatings, adhesives and sealants, and metal pretreatments, as well as services and coatings applications for appliances, agricultural and construction equipment, consumer electronics, automotive parts and accessories, building products, kitchenware, and transportation vehicles and other finished products; and on-site coatings services. It also provides coatings for metal cans, closures, plastic tubes, industrial packaging, and promotional and specialty packaging; amorphous precipitated silica for tire, battery separator, and other end-uses; TESLIN substrates for labels, e-passports, drivers' licenses, breathable membranes, and other loyalty and identification cards; and organic light emitting diode materials, displays and lighting lens materials, and optical lenses and color-change products, as well as photochromic dyes. The company was founded in 1883 and is headquartered in Pittsburgh, Pennsylvania.
IPO Year:
Exchange: NYSE
Website: ppg.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
3/10/2025 | Buy → Hold | Argus | |
3/5/2025 | Buy → Neutral | Seaport Research Partners | |
2/12/2025 | $145.00 → $115.00 | Overweight → Neutral | Analyst |
4/22/2024 | Neutral → Buy | Seaport Research Partners | |
4/22/2024 | $152.00 | Outperform → In-line | Evercore ISI |
4/11/2024 | $150.00 → $163.00 | Equal Weight → Overweight | Wells Fargo |
3/7/2024 | $173.00 → $156.00 | Buy → Neutral | UBS |
3/1/2024 | Peer Perform | Wolfe Research | |
2/27/2024 | $163.00 → $149.00 | Overweight → Equal Weight | Barclays |
2/1/2024 | $160.00 | Buy → Neutral | Redburn Atlantic |
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PPG (NYSE:PPG) today announced that it has named GNE Paint & Supplies Inc. of Detroit as its Automotive Refinish 2024 Platinum Distributor of the Year. The award recognizes a distributor with exceptional service, loyalty, product knowledge and support as part of the PPG PLATINUM DISTRIBUTOR® program. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250317524868/en/PPG's Automotive Refinish business recognizes GNE Paint & Supplies Inc. as 2024 PPG Platinum Distributor of the Year. Natalie Scott, PPG director, PPG Platinum Distributor program, U.S. and Canada, Automotive Refinish, presented the award to Chris Brideau, owner of GNE Pa
PPG (NYSE:PPG) today announced that it has received a third consecutive Gallup Exceptional Workplace Award (GEWA). This annual award recognizes high-performing companies that align their business strategies around employees. Gallup found that PPG continued to engage and develop its people in innovative ways, setting new benchmarks for workplace excellence. "At PPG, our employees are key to delivering on our purpose to protect and beautify the world," said Brenda Broad, PPG global head of talent. "This award reflects our unwavering commitment to fostering a culture of engagement that enables innovation, growth and operational excellence, as well as the hard work and dedication of our entire
Third-party testing highlights product's superior color and gloss performance PPG (NYSE:PPG) today announced the release of new data showing the superior color and gloss retention performance of PPG CORAFLON® Platinum powder coating for architectural extrusions. Testing by independent third-party laboratory Atlas Material Testing Solutions, conducted according to Fenestration and Glazing Industrial Alliance and American Architectural Manufacturers Association (FGIA/AAMA) 2605 standards, revealed that PPG Coraflon Platinum exhibited a minimal 6% loss in color over five-years. The data demonstrated that PPG's Coraflon Platinum exhibited 20 times the color retention of similarly colored comp
PPG (NYSE:PPG) today announced that it has been recognized on Barron's 100 Most Sustainable U.S. Companies 2025 list, ranking No. 62 out of the 1,000 largest publicly traded companies. It is the second consecutive year that PPG has appeared on the list as the only paints and coatings company. Starting with the 1,000 largest publicly traded companies by market value – excluding real estate investment trusts – financial research firm Calvert ranked each one by how it performed in five key constituency categories: shareholders, employees, customers, community and the planet. It looked at more than 230 performance indicators from seven rating companies, including ISS, MSCI, and Sustainalytics
PPG (NYSE:PPG) today announced that its board of directors ranked in the top ten among the boards of more than 650 American corporations, according to a study of governance capacity that was released by JamesDruryPartners. The ninth annual "The Weight of America's Boards" study scored PPG's board among the top ten in terms of business accomplishments, leadership roles served with companies and the relative value of their experience. This is the PPG board's eighth appearance on the top ten list for strongest U.S. boards since JamesDruryPartners began conducting this study in 2011. "It is an honor for PPG to have its board of directors recognized for their exceptional governance," said Ti
Flowchem ("Flowchem" or the "Company") and SCF Partners ("SCF") are pleased to announce several personnel additions. Flowchem is a leading global player in the drag reducing agent ("DRA") market, providing custom-engineered specialty chemicals to help customers around the world optimize the performance of their infrastructure. These key appointments bolster the already-strong management team in place at the time of the Company's acquisition in 2024, positioning it for continued growth and industry leadership. Shivali Agarwal has been appointed as Chief Operating Officer ("COO"). Shivali brings decades of industry operating experience in roles across the globe, most recently serving as Gr
PPG NITRO MUSTANG DARK HORSE Funny Car to appear in four events this year PPG (NYSE:PPG) today announced that it has extended its sponsorship of the Tasca Racing team for the 2025 season. The eye-catching PPG NITRO MUSTANG® DARK HORSE® Funny Car will be on the track for four events this year, including three NATIONAL HOT ROD ASSOCIATION® (NHRA®) Mission Foods Drag Racing Series races. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250206953021/en/PPG has extended its partnership with Tasca Racing, led by team owner and driver Bob Tasca III, pictured with the PPG Nitro Mustang Funny Car. (Photo: Business Wire) The PPG Nitro Mus
Fourth quarter highlights: Completed divestitures of silica products and architectural coatings U.S. and Canada businesses, improving company margin and growth profile Recast financials to reflect architectural coatings U.S. and Canada as discontinued operations Net sales from continuing operations of $3.7 billion Reported earnings per diluted share from continuing operations (EPS) of $0.01 and adjusted EPS of $1.61, an increase of 3% year over year Delivered ninth consecutive quarter of segment margin and segment EBITDA margin expansion Share repurchases of approximately $250 million in the quarter Full-year 2024 highlights: Full-year financials reflect architectura
PPG (NYSE:PPG) today announced that it has been recognized by Fortune Magazine on its "World's Most Admired Companies" list for the 17th year in a row. The list, considered the leading corporate reputation indicator, identifies the largest, best-regarded companies across 51 industries, as voted on by industry peers. PPG ranked #2 in the chemicals industry, retaining its spot from 2024 and representing its highest industry ranking since 2017. PPG earned its highest marks in global competitiveness, quality of products/services, financial soundness, social responsibility, quality of management, and use of corporate assets. "This consistent recognition underscores the efforts of PPG employe
The Board of Directors of PPG (NYSE:PPG) today declared a regular quarterly dividend of 68 cents per share, payable March 12 to shareholders of record Feb. 21. Through the ongoing dedication and engagement of its workforce, PPG has raised its annual dividend payment for 53 consecutive years and has paid uninterrupted annual dividends since 1899. This marks the company's 506th consecutive dividend payment. PPG: WE PROTECT AND BEAUTIFY THE WORLD® At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings, and specialty materials that our customers have trusted for 140 years. Through dedication and creativity, we solve our customers' biggest challenges, collaboratin
Argus downgraded PPG Industries from Buy to Hold
Seaport Research Partners downgraded PPG Industries from Buy to Neutral
Analyst downgraded PPG Industries from Overweight to Neutral and set a new price target of $115.00 from $145.00 previously
Seaport Research Partners upgraded PPG Industries from Neutral to Buy
Evercore ISI downgraded PPG Industries from Outperform to In-line and set a new price target of $152.00
Wells Fargo upgraded PPG Industries from Equal Weight to Overweight and set a new price target of $163.00 from $150.00 previously
UBS downgraded PPG Industries from Buy to Neutral and set a new price target of $156.00 from $173.00 previously
Wolfe Research initiated coverage of PPG Industries with a rating of Peer Perform
Barclays downgraded PPG Industries from Overweight to Equal Weight and set a new price target of $149.00 from $163.00 previously
Redburn Atlantic downgraded PPG Industries from Buy to Neutral and set a new price target of $160.00
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Flowchem ("Flowchem" or the "Company") and SCF Partners ("SCF") are pleased to announce several personnel additions. Flowchem is a leading global player in the drag reducing agent ("DRA") market, providing custom-engineered specialty chemicals to help customers around the world optimize the performance of their infrastructure. These key appointments bolster the already-strong management team in place at the time of the Company's acquisition in 2024, positioning it for continued growth and industry leadership. Shivali Agarwal has been appointed as Chief Operating Officer ("COO"). Shivali brings decades of industry operating experience in roles across the globe, most recently serving as Gr
PPG (NYSE:PPG) today announced several business leadership appointments as it continues to focus on driving and delivering the company's growth strategy. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241113944237/en/Tom Maziarz, currently PPG vice president, automotive refinish, Americas, will become PPG vice president, traffic solutions, effective Dec. 1. (Photo: Business Wire) Tom Maziarz, currently PPG vice president, automotive refinish, Americas, will become PPG vice president, traffic solutions, effective Dec. 1. He will report to Amy Ericson, PPG senior vice president, protective and marine coatings. Maziarz will replace
PPG (NYSE:PPG) today announced that Kevin Braun, currently senior vice president, industrial coatings segment, will become senior vice president, operations, effective October 1, 2024. Braun will succeed Ram Vadlamannati, who announced his intention to retire from PPG after 25 years with the company. Vadlamannati will leave the company at the end of the year. Braun will continue to report to Tim Knavish, PPG chairman and CEO, and serve on PPG's operating committee. In his new role, Braun will lead the operations organization that includes PPG's supply chain, operational excellence, manufacturing operations, procurement, and environment, health and safety functions. He will also maintain exe
PPG (NYSE:PPG) today announced that Alejandro Lopez, currently global finance director for automotive original equipment manufacturer (OEM) coatings, has been named director, investor relations, effective June 1, 2024. Lopez will report to Vince Morales, PPG senior vice president and chief financial officer (CFO). He replaces Jonathan Edwards, who will transition to succeed Lopez as global finance director for automotive OEM coatings, also effective June 1, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240524225128/en/PPG named Alejandro Lopez director, investor relations, effective June 1, 2024. (Photo: Business Wire) Lo
PPG (NYSE:PPG) today announced the appointment of Pascal Tisseyre as vice president, government affairs, Europe, Middle East and Africa (EMEA), effective immediately. Reporting to Pedro Serret Salvat, president and general counsel, PPG EMEA, Tisseyre will lead the company's regional government affairs activities, including oversight of public policy, political engagement and related compliance activities. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240422353758/en/PPG appointed Pascal Tisseyre as vice president, government affairs, Europe, Middle East and Africa (EMEA), effective immediately. (Photo: Business Wire) "This crit
PPG (NYSE:PPG) today announced that Kathy L. Fortmann has been elected to join its board of directors, effective July 17, 2024. Fortmann most recently served from 2021 to 2023 as Chief Executive Officer of ACOMO N.V., a Dutch publicly-listed company focused on conventional and organic niche food products and ingredients for the food and beverage industry. She will serve on the PPG board's Audit Committee and the Sustainability and Innovation Committee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240422514023/en/PPG announced that Kathy L. Fortmann has been elected to join its board of directors, effective July 17, 2024. (Phot
PPG (NYSE:PPG) today announced the appointment of Robert Massy as senior vice president and chief human resources officer (CHRO), effective March 18, 2024. Reporting to Tim Knavish, PPG chairman and chief executive officer, Massy will be responsible for leading the company's global human resources organization. He will be located at PPG's global headquarters in Pittsburgh and serve as a member of the company's Operating Committee. Massy will succeed Kevin Walling, who will retire from PPG on April 1, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240327425906/en/PPG appointed Robert Massy as senior vice president and chief
PPG (NYSE:PPG) today announced that Lyndee Brassieur, currently global director, industrial segment operations, specialty coatings and materials (SCM), has been named vice president, environment, health and safety (EHS), effective April 1, 2024. She will report to Ram Vadlamannati, senior vice president, operations. Brassieur succeeds Mark Cancilla, who retired from PPG, effective March 1, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240321210751/en/PPG announced that Lyndee Brassieur, currently global director, industrial segment operations, specialty coatings and materials (SCM), has been named vice president, environm
PPG (NYSE:PPG) today announced that Stephen F. Angel, 68, has informed the board of directors of his decision to retire from the PPG board, effective at the conclusion of the Board's February 15, 2024 meeting. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240119454132/en/PPG announced that Stephen F. Angel has informed the board of directors of his decision to retire from the PPG board, effective at the conclusion of the Board's February 15, 2024 meeting. (Photo: Business Wire) "Throughout his more than 13 years serving on PPG's board of directors, including chairing the Human Capital Management and Compensation Committee and t
PPG (NYSE:PPG) today announced that Jonathan Edwards, currently PPG assistant treasurer, has been promoted to director, investor relations, effective immediately. Edwards will report to Vince Morales, PPG senior vice president and chief financial officer (CFO). He replaces John Bruno, who was appointed PPG vice president, finance in July 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240108936011/en/PPG announced that Jonathan Edwards, currently PPG assistant treasurer, has been promoted to director, investor relations, effective immediately. (Photo: Business Wire) Edwards joined PPG in 2002 as a financial analyst in the c
Fourth quarter highlights: Completed divestitures of silica products and architectural coatings U.S. and Canada businesses, improving company margin and growth profile Recast financials to reflect architectural coatings U.S. and Canada as discontinued operations Net sales from continuing operations of $3.7 billion Reported earnings per diluted share from continuing operations (EPS) of $0.01 and adjusted EPS of $1.61, an increase of 3% year over year Delivered ninth consecutive quarter of segment margin and segment EBITDA margin expansion Share repurchases of approximately $250 million in the quarter Full-year 2024 highlights: Full-year financials reflect architectura
The Board of Directors of PPG (NYSE:PPG) today declared a regular quarterly dividend of 68 cents per share, payable March 12 to shareholders of record Feb. 21. Through the ongoing dedication and engagement of its workforce, PPG has raised its annual dividend payment for 53 consecutive years and has paid uninterrupted annual dividends since 1899. This marks the company's 506th consecutive dividend payment. PPG: WE PROTECT AND BEAUTIFY THE WORLD® At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings, and specialty materials that our customers have trusted for 140 years. Through dedication and creativity, we solve our customers' biggest challenges, collaboratin
PPG (NYSE:PPG) today announced the following details for its fourth-quarter and full-year 2024 earnings release and teleconference call. Recast financial information will be provided for all periods presented in the earnings release to reflect discontinued operations stemming from the sale of PPG's architectural coatings business in the U.S. and Canada, which was completed in December 2024. Earnings release: Thursday, Jan. 30, after U.S. stock markets close Teleconference: Friday, Jan. 31, 8 a.m. ET PPG participants: Tim Knavish, chairman and chief executive officer Vincent Morales, senior vice president and chief financial offic
The Board of Directors of PPG (NYSE:PPG) today declared a regular quarterly dividend of 68 cents per share, payable Dec.12 to shareholders of record Nov. 12. This payment will mark 53 consecutive years of annual increases in the company's dividend and is the 505th consecutive dividend payment. Through the ongoing dedication and engagement of its workforce, the company has paid uninterrupted annual dividends since 1899. PPG: WE PROTECT AND BEAUTIFY THE WORLD® At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings, and specialty materials that our customers have trusted for more than 140 years. Through dedication and creativity, we solve our customers' biggest cha
PPG (NYSE:PPG), a global leader in paints, coatings, and specialty materials, today announced that it has reached a definitive agreement to sell 100% of its architectural coatings business in the U.S. and Canada at a transaction value of $550 million to American Industrial Partners (AIP), an industrials investor. The transaction, which is expected to close in late 2024 or early 2025, subject to customary closing conditions, is the result of PPG's evaluation of strategic alternatives for the business, which was first announced on February 26, 2024. Net cash paid to PPG at closing will include customary adjustments for working capital and net debt. Goldman Sachs & Co. LLC acted as PPG's excl
Record reported earnings per diluted share (EPS) of $2.00 and adjusted EPS of $2.13 Net sales of $4.6 billion; organic sales flat versus prior year Segment margins improved 60 basis points year over year, marking eight consecutive quarters of margin expansion Share repurchases of approximately $200 million in the quarter; $500 million year to date PPG (NYSE:PPG) today reported financial results for the third quarter 2024. Third Quarter Consolidated Results $ in millions, except EPS 3Q 2024 3Q 2023 YOY change Net sales $4,575 $4,644 (1)% Net income $468 $426 +10% Adjusted net income(a) $500 $493 +1% EPS $2.00 $1.79
PPG (NYSE:PPG) today announced the following details for its third-quarter 2024 earnings release and teleconference call. Earnings release: Wednesday, Oct. 16, after U.S. stock markets close Teleconference: Thursday, Oct. 17, 8 a.m. ET PPG participants: Tim Knavish, chairman and chief executive officer Vincent Morales, senior vice president and chief financial officer Alex Lopez, director, investor relations Dial-in registration: Visit https://www.netroadshow.com/events/login?show=d102d1c7&confId=71286 to register for the conference call. Upon registering, you will receive access details via email. Webcast: A live,
Record reported earnings per diluted share (EPS) of $2.24 and adjusted EPS of $2.50 Net sales of $4.8 billion; organic sales flat versus prior year Segment margins improved 110 basis points year over year, marking seven consecutive quarters of margin expansion Share repurchases of approximately $150 million in the quarter; $300 million year to date PPG (NYSE:PPG) today reported financial results for the second quarter 2024. Second Quarter Consolidated Results $ in millions, except EPS 2Q 2024 2Q 2023 YOY change Net sales $4,794 $4,872 (2)% Net income $528 $490 +8% Adjusted net income(a) $5
The Board of Directors of PPG (NYSE:PPG) today approved a 3-cents-per-share increase in the company's dividend, declaring a regular quarterly dividend of 68 cents per share, payable Sept. 12 to shareholders of record Aug. 12. This marks the company's 504th consecutive dividend payment. Through the ongoing dedication and engagement of its workforce, the company has paid uninterrupted annual dividends since 1899. "We are proud of PPG's long heritage of rewarding shareholders and pleased with the opportunity to increase our dividend per share. This dividend growth reflects the strong confidence that PPG's Board has in the resiliency of our business and the strength and future growth of our
PPG (NYSE:PPG) today announced the following details for its second quarter 2024 earnings release and teleconference call. Earnings release: Thursday, July 18, after U.S. stock markets close Teleconference: Friday, July 19, 8 a.m. ET PPG participants: Tim Knavish, chairman and chief executive officer Vincent Morales, senior vice president and chief financial officer Alex Lopez, director, investor relations Dial-in registration: Visit https://www.netroadshow.com/events/login?show=b15d2051&confId=67003 to register for the conference call. Upon registering, you will receive your access details via email.