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 |
|---|---|---|---|
| 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 |
| 1/3/2024 | Hold → Buy | Vertical Research | |
| 10/11/2023 | $160.00 | Equal Weight → Overweight | Barclays |
| 6/14/2023 | $161.00 | Buy | Citigroup |
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
Vertical Research upgraded PPG Industries from Hold to Buy
Barclays upgraded PPG Industries from Equal Weight to Overweight and set a new price target of $160.00
Citigroup initiated coverage of PPG Industries with a rating of Buy and set a new price target of $161.00
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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
PPG (NYSE:PPG) today announced that it has been recognized among the "Best Places to Work in Information Technology (IT) in 2025" by Foundry's Computerworld. It is PPG's seventh appearance on the prestigious list, which recognizes organizations that challenge their IT staffs while providing great benefits and compensation. "It's a great honor to again be recognized for excellence in our Digital IT function," said Bhaskar Ramachandran, PPG vice president and chief information officer. "It reflects our focus on people development, as well as our commitment to harnessing the power of AI and the cloud environment. Our initiatives for global talent development, clear connection in our work to
Project enables further progress toward 2030 emissions reduction targets PPG (NYSE:PPG) today announced the completion of an on-site solar installation at its Caivano, Italy facility that will enable progress toward the company's 2030 greenhouse gas emissions reduction targets. The project is part of a partnership with Grastim, a developer of high-efficiency energy generation solutions. The 1.5 megawatt solar installation represents a CO2 emission reduction of approximately 390 metric tons annually. Combined with a previously installed combined heat and power unit (CHP), the site is achieving an approximate 15% reduction in annual operating costs. "We're committed to implementing proc
125-year-old business, renamed The Pittsburgh Paints Company, will be wholly focused on supplying professionals and DIYers with industry leading products and best-in-class innovation CRANBERRY TOWNSHIP, Pa., Dec. 2, 2024 /PRNewswire/ -- American Industrial Partners ("AIP"), today completed its previously announced acquisition of the U.S. and Canadian architectural coatings business (the "Company") of PPG (NYSE:PPG). The Company has been renamed The Pittsburgh Paints Company ("Pittsburgh Paints Co."), honoring its mission and deep heritage delivering architectural paint and stain product excellence and innovation to commercial and residential customers across the United States and Canada. The
PPG (NYSE:PPG) today announced that it has completed the sale of 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. PPG's architectural coatings businesses in other regions around the world remain core businesses within the company's portfolio, including in Latin America, Europe and Asia Pacific, where PPG holds strong #1 or #2 positions in a number of key countries. "We are pleased to complete this transaction with American Industrial Partners, and I want to thank the architectural coatings U.S. and Canada employees for their dedication and commitment to the business a
PPG (NYSE:PPG) today announced that it has been named to Newsweek magazine's America's Greenest Companies 2025 list. The list recognizes the top 500 private and public U.S. companies committed to reducing their environmental impact in key areas including greenhouse gas emissions, water management, and waste reduction. "At PPG, we pride ourselves on integrating sustainability into our business strategy," said Peter Votruba-Drzal, PPG vice president, global sustainability. "With our customers, we use it as a driver to accelerate growth with sustainably advantaged products* and productivity innovations. In our own operations, we use it as a catalyst to improve productivity through energy eff
PPG (NYSE:PPG) today announced that it has completed the sale of its silicas products business for approximately $310 million in pre-tax proceeds to QEMETICA a Warsaw, Poland-based, privately held manufacturer of soda ash, silicates and other specialty chemicals. PPG's silicas products business manufactures and supplies precipitated silica products to major companies around the world as performance-enhancing additives. In 2023, the silica products business represented between 1-2% of PPG's total net sales. The transaction includes PPG's precipitated silicas manufacturing facilities in Lake Charles, Louisiana, and Delfzijl, The Netherlands. In addition, QEMETICA will lease silicas manufact
PPG (NYSE:PPG) today announced the induction of five new members into its Collegium, an association of longstanding PPG leaders who have made significant technological contributions that support PPG's growth, innovation, and longevity. "We are honored to recognize the great minds of PPG that allow us to serve our customers better today than yesterday, every day," said David Bem, PPG senior vice president, science and technology and chief technology officer. "This year's inductees have made important contributions throughout their remarkable careers and will pave the way for future innovators at PPG." The inductees are: Sue Campbell: Campbell worked to transform the Pittsburgh analyti
PPG (NYSE:PPG) today announced the following leadership changes within industrial coatings, effective Jan. 1, 2025: This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241113404917/en/Juliane Hefel, currently vice president, specialty coatings and materials (SCM), has been appointed senior vice president of industrial coatings in addition to her strategic and operational leadership of the global SCM business, effective Jan. 1, 2025. (Photo: Business Wire) Juliane Hefel, currently vice president, specialty coatings and materials (SCM), has been appointed senior vice president of industrial coatings in addition to her strategic and op
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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
PPG (NYSE:PPG) today announced that Peter Votruba-Drzal will become vice president-elect, global sustainability, effective immediately. Diane Kappas, current vice president, global sustainability has announced her intention to retire from PPG, effective July 1, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240108763264/en/PPG announced that Peter Votruba-Drzal will become vice president-elect, global sustainability, effective immediately. (Photo: Business Wire) Votruba-Drzal, who will report to Irene Tasi, PPG senior vice president and chief growth officer, will collaborate cross-functionally to drive the company's sustai
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.
Record reported earnings per diluted share (EPS) of $1.69 and adjusted EPS of $1.86 Net sales of $4.3 billion; organic sales declined 2% versus prior year, down 1% excluding prior year large customer load-in Segment margins improved 60 basis points year over year, the sixth consecutive quarter of margin expansion versus prior year Share repurchases of approximately $150 million PPG (NYSE:PPG) today reported financial results for the first quarter 2024. First Quarter Consolidated Results $ in millions, except EPS 1Q 2024 1Q 2023 YOY change Net sales $4,311 $4,380 (2)% Net income $400 $264 +52% Ad