While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases. Based in P ...

can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Carpenter Technology currently carries a Zacks Rank #1. CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 15.1%. The company's shares have soared 102% in the past year. The Zacks Consensus Estimate for Ecolab's current-year earnings is pegged at $6.56 per share, indicating a year-over-year rise of 25.9%. ECL, a Zacks Rank #2 stock, beat the consensus estimate in each o ...

Image Source: Zacks Investment Research PPG Industries Inc. (PPG) recently announced that the EDR Antwerp shipyard achieved a 40% reduction in overspray through the electrostatic application of PPG Sigmaglide 2390 fouling release coating. The project was carried out on the underwater hull of the RoRo passenger vessel Stena Transporter from Stena Line and is EDR's second successful electrostatic application project. Electrostatic application improves transfer efficiency compared with airless spraying, thereb ...

Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus. Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric tha ...

PPG Industries, Inc. (PPG) recently announced a $300-million investment in advanced manufacturing in North America to support the growing demand for paints and coatings in the automotive industry. This investment, beginning in 2024 and spanning four years, includes the construction of a new manufacturing plant in Loudon County, Tennessee. Some better-ranked stocks in the Basic Materials space are Carpenter Technology Corporation (CRS) , sporting a Zacks Rank #1 (Strong Buy), ATI Inc. (ATI) and Ecolab Inc. ( ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ––––––––––––––––––––––––––––––––––––––––––––––––– FORM 10-Q ––––––––––––––––––––––––––––––––––––––––––––––––– ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission file number 1-1687 (Exact name of regi ...

Financial Data and Key Metrics Changes - The company reported sales of $4.3 billion for Q1 2024, marking a solid performance despite a challenging macro environment, and achieved its sixth consecutive quarter of year-over-year segment margin increases [12] - Adjusted earnings per diluted share were $1.86, which is $0.02 above the midpoint of the previously provided range and the second-best Q1 adjusted EPS in the company's history [12] - Volumes were nearly flat year-over-year, continuing a positive volume trajectory over the last five quarters, with expectations for positive sales volumes in Q2 [13][18] Business Line Data and Key Metrics Changes - The Industrial segment margins improved by 100 basis points year-over-year, while Performance Coatings margins increased by about 40 basis points due to favorable pricing and moderating input costs [31] - The company experienced double-digit organic sales growth in China and India, with solid global organic sales growth in aerospace, specialty coatings, and protective and marine coatings businesses [13][55] Market Data and Key Metrics Changes - The company anticipates total selling prices to be slightly positive overall in 2024, with targeted structural selling price increases implemented in several Performance segment businesses [14] - The company expects mid-single-digit percentage raw material deflation in Q2 following high-single-digit percentage decreases in Q1, indicating a positive trend in input costs [56] Company Strategy and Development Direction - The company is focused on enterprise growth initiatives to drive higher sales volumes and improve operating margins, with a goal of transforming into a higher-growth, higher-margin company [33][20] - Strategic reviews of the architectural U.S. and Canada business and the global silicas product business are underway, with a target to communicate a path forward by Q3 [33] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in delivering positive sales volumes in each remaining quarter of 2024, supported by growth in China and India, and a strong order backlog in aerospace [35][34] - The company noted that while global industrial production remains low, it expects overall second quarter sales volumes to be positive by a low single-digit percentage [18] Other Important Information - The company repurchased approximately $150 million of its stock in Q1 and increased its share buyback authorization by an additional $2.5 billion, bringing the total to approximately $3.4 billion [32] - The company is experiencing stable supply chains and customer order patterns, with most suppliers having sufficient or excess capacity [30] Q&A Session Summary Question: What underlies the confidence for earnings improvement in the back half of the year? - Management highlighted proven margin and cash performance, strong volume momentum, and expectations for positive volume growth for the rest of the year [38] Question: What portion of the business is expected to see real pricing moving forward? - Management indicated that pricing comparisons include a transitory unfavorable impact from European energy surcharges, but they expect to see structural pricing improvements [40] Question: How is the architectural U.S. business performing since the announcement of strategic reviews? - Management reported minimal disruption to the business and strong interest in the assets, with ongoing engagement with key customers [46] Question: What is the outlook for the U.S. architectural business profitability? - Management acknowledged that the business has been barely profitable and emphasized the need for velocity through stores, with ongoing investments to improve profitability [105] Question: How does the company view the impact of macroeconomic factors on volume growth? - Management noted that while Q1 was weaker than expected, they are seeing a better order book and shipments in early April, indicating potential for recovery [114]

First Quarter 2024 Financial Results April 18, 2024 Sixth consecutive quarter of YOY segment margin improvement +2% Share Repurchases ~$150MM Note: All changes versus same quarter last year. See Appendix for reconciliation of Adjusted EPS and Segment Margin. Segment Margin defined as total segment income as a percentage of net sales. 3 Organic sales down 2% YOY impacted by PY customer load-in and Easter timing Load In ( Operating Environment Heading Into 2Q 2024 Positives 5 Highlights • Architectural USCA 1 ...

PPG Investor Contact: Jonathan Edwards Investor Relations +1-412-434-3466 jonathanedwards@ppg.com investor.ppg.com PITTSBURGH, April 18, 2024 – PPG (NYSE:PPG) today reported financial results for the first quarter 2024. Tim Knavish, PPG chairman and chief executive officer, commented on the quarter: year improvement. 2024 is expected to be another year of excellent cash flow, and our balance sheet remains strong, including lower inventories year over year, providing us with ongoing shareholder value creatio ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File Number 1-1687 PPG INDUSTRIES, INC. (Exact name of registrant as specified in its charter) Pennsylvania 25-0730780 (State or other jurisdict ...