Why You Should Retain PPG Industries (PPG) in Your Portfolio

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. ...