Product Launch - PPG Industries Inc launched PPG Steelguard 951 epoxy intumescent fire protection coating in the Americas, targeting advanced manufacturing facilities such as semiconductor plants, electric vehicle battery facilities, data centers, and commercial infrastructure [1] - The coating offers up to four hours of fire protection by expanding from a thin film to a thick insulating foam, ensuring structural integrity, providing more evacuation time, and reducing damage to buildings and assets [2] - PPG Steelguard 951 provides up to 3,500 microns of dry-film thickness in a single layer, cures quickly, and is ready for use the next day, making it suitable for modular construction projects [3] - The coating passes strict testing criteria, supports modern construction procedures, and offers corrosion resistance up to ISO 12944 C5 without a topcoat [3][4] Market Expansion - Following its successful debut in Europe and the Middle East, PPG Steelguard 951 is now available in North and Latin America [2] Financial Performance - PPG shares have lost 7.5% over the past year, compared to an 11.5% decline in its industry [4] - The company projects adjusted EPS for Q3 2023 in the range of $2.10-$2.20 and full-year adjusted EPS in the range of $8.15-$8.30, considering factors such as global economic activity, uneven industrial production, reduced automotive production, stabilizing demand in Europe, and growth in Mexico, India, and China [4] Industry Comparison - Carpenter Technology Corporation (CRS) has a Zacks Rank 1 (Strong Buy), with shares soaring 125.1% in the past year and an average earnings surprise of 15.9% over the last four quarters [6] - Eldorado Gold Corporation (EGO) has a Zacks Rank 1, with shares rallying roughly 80.5% in the past year and an average earnings surprise of 430.3% over the last four quarters [7] - Hawkins, Inc (HWKN) has a Zacks Rank 1, with shares rallying around 101% in the past year and a 15.3% year-over-year rise in current fiscal-year earnings estimates [8]

PPG Industries Inc. (PPG) has announced that it will demonstrate its digital and sustainable solutions at Automechanika Frankfurt 2024, the world's premier trade fair for the automotive aftermarket, which will be held at the Messe Frankfurt exhibition center in Germany from Sept. 10-14. PPG will highlight the latest advances in digital tools and sustainable technologies on the fifth anniversary of the introduction of the PPG Moonwalk automated mixing machine. Visitors will be able to get a firsthand experie ...

PPG Industries Inc. (PPG) announced that it has expanded its facilities in Petaling Jaya, Malaysia, to manufacture non-stick coatings for kitchenware, industrial bakeware and low-friction applications. This will aid PPG in meeting the surge in coatings demand in the region. Also, it will have more space dedicated to vital client services, such as a cutting-edge testing laboratory. PPG Boosts Kitchen & Bakeware Industries Portfolio The Petaling Jaya factory now has five new production lines for waterborne an ...

Core Viewpoint - PPG Industries Inc. has agreed to sell its silicas product business for approximately $310 million to QEMETICA S.A., with the transaction expected to close in Q4 2024, pending customary conditions [1][3]. Company Overview - PPG's silicas products business manufactures and distributes precipitated silica products globally, accounting for 1-2% of the company's overall net sales in 2023 [4]. - The business employs around 400 people and includes manufacturing plants in Lake Charles, LA, and Delfzijl, the Netherlands [4]. Strategic Focus - The divestment is part of PPG's strategic assessment initiated in January 2024, allowing the company to concentrate on its technology-differentiated coatings and specialty products to enhance organic growth and shareholder value [3]. - Morgan Stanley & Co. LLC acted as PPG's financial advisor, while Hogan Lovells provided legal advice for the transaction [3]. Market Context - QEMETICA S.A. is a prominent chemical manufacturer in Central Europe, focusing on expanding its global presence through acquisitions and diversifying its portfolio [2]. - PPG's shares have decreased by 9.1% over the past year, compared to a 10.2% decline in its industry [6]. Financial Projections - PPG anticipates adjusted earnings per share (EPS) for Q3 to be between $2.10 and $2.20, and for the full year, the adjusted EPS is expected to range from $8.15 to $8.30 [7].

PPG Industries Inc. (PPG) has announced a collaboration with software firm Flashback Forward, Inc. to provide FinalQC, a mobile quality control application to improve efficiency in the collision repair sector. The partnership intends to transform the way collision shops operate by enhancing quality, efficiency and customer satisfaction. FinalQC enables collision and original equipment (OE)-certified collision shops to capture the full value of their repairs by detecting repair quality issues in real time. I ...

PPG Industries Inc. (PPG) has completed upgrades to boost the capacity of its Yen Phong industrial coatings factory in Bac Ninh province, Vietnam. The improvements include a new production line devoted to PPG AQUACRON waterborne decorative and functional coatings for consumer electronics, as well as cutting-edge testing equipment and automated spray booths. The expanded plant, which now has six manufacturing lines, seeks to minimize turnaround times, speed up coatings development and provide greater access ...

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 ...

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 ...