PPG Industries Inc. (PPG) recently launched PPG Primeron Optimal zinc epoxy powder primer. The patentpending solution contains an optimal amount of zinc, resulting in higher transfer efficiency than traditional zincrich primers and corrosion protection that fulfills strict ISO C5 corrosivity criteria for usage in high humidity and hostile conditions. With a specific gravity of 2.0 as opposed to 3.6 for typical zinc-rich primers, PPG Primeron Optimal primer is less dense and easier to apply. With an 85% tran ...

Six Months Ended June 30, 2023 26 Performance Coatings Offset by: ● Lower sales volumes (-2%) In the third quarter, we expect demand in Mexico to remain robust and consumer sentiment in Europe to be tepid. We anticipate continued strong demand in aerospace coatings and a benefit of summer seasonal sales in traffic solutions. Automotive refinish coatings sales are expected to benefit from incremental price increases and improved sales volume. Aggregate organic sales are anticipated to increase by a mid-singl ...

PPG Industries, Inc. (NYSE:PPG) Q2 2024 Earnings Conference Call July 19, 2024 8:00 AM ET Company Participants Alex Lopez - Director of IR Timothy Knavish - Chairman and CEO Vincent Morales - SVP and CFO Conference Call Participants John McNulty - BMO Duffy Fischer - Goldman Sachs Ghansham Panjabi - Baird Christopher Parkinson - Wolfe Research David Begleiter - Deutsche Bank John Roberts - Mizuho Stephen Byrne - Bank of America Merrill Lynch Vincent Andrews - Morgan Stanley Michael Sison - Wells Fargo Frank ...

The company's revenues were $4,794 million in the quarter, down 1.6% year over year. The top line missed the Zacks Consensus Estimate of $4,913.5 million. Financials In the second quarter, excluding one-time items, adjusted earnings per share increased to $2.50 from $2.25 in the year-ago quarter, surpassing the Zacks Consensus Estimate of $2.48. Performance Coatings' second-quarter revenues were $3,048 million. The segment's net sales were stable, as improved selling prices were offset by the sale of the no ...

For the quarter ended June 2024, PPG Industries (PPG) reported revenue of $4.79 billion, down 1.6% over the same period last year. EPS came in at $2.50, compared to $2.25 in the year-ago quarter. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Here is how PPG Industries performe ...

PPG Industries (PPG) came out with quarterly earnings of $2.50 per share, beating the Zacks Consensus Estimate of $2.48 per share. This compares to earnings of $2.25 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 0.81%. A quarter ago, it was expected that this paint and coatings maker would post earnings of $1.86 per share when it actually produced earnings of $1.86, delivering no surprise. Over the last four quarters, the c ...

PPG reports second quarter 2024 financial results • 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 Chairman and CEO Comments Overall European year-over-year sales volume comparisons improved sequentiall ...

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 18. On the other hand, if they miss, the stock may move lower. Zacks Consensus Estimate Revenues are expected to be $4.92 billion, up 1% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 0.07% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed t ...

Smart wearables equipped with PPG technology already measure these vital signs. In May 2019, Masimo received FDA clearance for its Tetherless Radius PPG sensors. These sensors enable the placement of point-ofcare monitors outside a patient's room, ensuring constant monitoring from a safe distance. The increasing prevalence of CVDs is expected to be a major factor propelling the growth of this market over the forecast period. According to the CDC, approximately 695,000 of the U.S. inhabitants die from CVDs. ...

Image Source: Zacks Investment Research The company is implementing a cost-cutting and restructuring strategy and optimizing its working capital requirements. The cost savings generated by these restructuring initiatives will act as a tailwind for the company. PPG Industries has undertaken extensive restructuring efforts to reduce its cost structure, primarily focusing on regions and end markets with weak business conditions. The company achieved $8 million of incremental cost savings in first-quarter 2024. ...