$PPG (PPG Industries, Inc.)

$PPG {{ '2016-07-21T14:13:08+0000' | timeago}} • Announcement

$PPG anticipates an acceleration of volume growth in 3Q16, as several of its recent growth initiatives begin to provide benefit. The company will maintain discipline regarding its cost structure, including continued focus on realizing targeted benefits from its previously announced business restructuring.

$PPG {{ '2017-10-20T10:13:55+0000' | timeago}} • Announcement

$PPG has declared a quarterly cash dividend of $045 per share, payable Dec. 12, 2017, to shareholders of record as of Nov. 10, 2017.

$PPG {{ '2017-10-19T19:48:46+0000' | timeago}} • Infographic

$PPG PPG Industries, Inc. Earnings AlphaGraphic: Q3 2017 Highlights

$PPG {{ '2017-10-19T11:42:27+0000' | timeago}} • Announcement

As $PPG posted results for 3Q17, it announced that it expects the recent natural disasters to unfavorably affect 4Q17 diluted earnings by up to $0.05 per share. PPG said it remains on track to deliver FY17 savings of more than $45MM.

$PPG {{ '2017-10-19T11:40:39+0000' | timeago}} • Announcement

With net sales inching 3% up to $3.8Bil impacted by natural disasters in 3Q17, $PPG saw earnings turn to profit of $609MM or $2.38 per share from last year's loss of $184MM or $0.69 per share.

$CSL {{ '2017-10-03T16:54:04+0000' | timeago}} • Announcement

$CSL appointed Shelley Bausch as President of Carlisle Fluid Technologies, effective immediately. Bausch joins Carlisle from $PPG where she served as VP of Global Industrial Coatings. Bausch serves on the BoD of $KRA.

$PPG {{ '2017-09-25T13:16:00+0000' | timeago}} • Announcement

Higher costs, mainly in transportation, following the adverse effects of recent hurricanes and business trends would affect the $PPG 3Q17 diluted EPS by $0.05 to $0.10. The EPS from continuing operations is expected to be in the range of $1.48 to $1.55. The volume growth rate would be above 1.5% for the quarter concerned.

$PPG {{ '2017-09-21T20:17:31+0000' | timeago}} • Announcement

$PPG has named Tim Knavish as SVP of its Industrial Coatings division, effective October 1, replacing Shelley Bausch who has elected to leave the company. Knavish will also oversee the company’s Packaging Coatings and Coatings Services businesses. He will continue to report to Chairman and CEO Michael McGarry.

$PPG {{ '2017-09-21T19:20:51+0000' | timeago}} • Announcement

Paint manufacturer $PPG said EVP Viktor Sekmakas will be resigning on September 30, ending a 20-year-long career with the company. Sekmakas was named EVP of PPG in 2012. Since then, he has been a member of the executive committee.

$PPG {{ '2017-04-20T19:14:41+0000' | timeago}} • Webcast

From the restructuring actions announced last year, $PPG targets $40-50MM of savings in 2017. The company has captured 20% of the targeted savings in 1Q17 and expects that to gradually grow throughout the year to middle-to-upper end of targeted $40-50MM range.

$PPG {{ '2017-04-20T18:50:25+0000' | timeago}} • Webcast

With regards to the business activity, $PPG commented that all the surveys mentioned that economic optimism continued to go up since the U.S. election. The company added that the order book didn't reflect the economic optimism even though the demand was solid.

$PPG {{ '2017-04-20T14:40:40+0000' | timeago}} • Announcement

$PPG's cash and short-term investments totaled approximately $1.4Bil on March 31, 2017, up about $350MM y-o-y. At 1Q17 end, PPG has about $1.7Bil remaining under its current share-repurchase authorization. PPG reiterated its commitment to deploy at least $2.5-3.5Bil of cash on acquisitions, share repurchases in 2017 and 2018 combined.

$PPG {{ '2017-04-20T14:38:20+0000' | timeago}} • Announcement

"Looking ahead, we expect economic growth to remain modest, particularly in developed regions.,” CEO Michael McGarry said, while $PPG posted 1Q17 results. "Growth rates in emerging regions are expected to remain moderate, driven by increased consumer demand in Asia and broad-based expansion across Latin America, including in Brazil,” he added.

$PPG {{ '2017-04-20T14:36:33+0000' | timeago}} • Announcement

For 1Q17, selling prices for $PPG were flat. Unfavorable foreign currency translation impacted net sales by nearly 2%, or about $65MM. "Sales volumes continued to expand solidly in emerging regions, led by growth in Latin America and Asia,” CEO Michael McGarry said.

$PPG {{ '2017-04-20T14:34:16+0000' | timeago}} • Announcement

In 1Q17, $PPG posted an attributable net income of $334MM, up from $347MM. Diluted EPS was flat at $1.29. Net sales were about $3.6Bil, up 1%. During the quarter, the company repurchased about $165MM, or approximately 1.6MM shares of PPG stock.

$PPG {{ '2017-01-19T20:05:38+0000' | timeago}} • Webcast

$PPG stated that coatings volumes were higher than total company volumes in 2016. The company saw a recovery in volumes in Europe as well. This gives $PPG optimism that it will see improvement going into 2017.

$PPG {{ '2017-01-19T19:54:51+0000' | timeago}} • Webcast

$PPG said gross margins were down slightly in Industrial Coatings. Raw materials will have some pressure and margins are going to be challenged in the beginning of 2017 but the restructuring program will provide some benefit in 2H17.

$PPG {{ '2017-01-19T19:43:59+0000' | timeago}} • Webcast

$PPG expects its recent acquisitions to achieve full-year sales of about $270MM in 2017. The company realized about $90MM of sales in 2016 and hence expects an incremental $180MM in sales from the acquisitions in 2017. For 2017, $PPG expects  YoverY currency translation will negatively impact sales by $375-425MM.

$PPG {{ '2017-01-19T19:24:31+0000' | timeago}} • Webcast

In Architectural Coatings, $PPG’s sales volumes grew in Europe during 4Q16, with strength in the UK, Ireland and Benelux countries, but was offset by declines in Africa where many economies are closely linked to the depressed commodity prices. Sales volumes improved in the Americas and Asia-Pacific.

$PPG {{ '2017-01-19T19:15:37+0000' | timeago}} • Webcast

$PPG's CFO Frank Sklarsky has announced his retirement effective March 1. The BoD has elected Vincent Morales to succeed him as SVP and CFO, effective March 1.

$PPG {{ '2017-01-19T13:17:20+0000' | timeago}} • Infographic

$PPG PPG Industries Earnings AlphaGraphics: Q4 and FY16 Highlights

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