PPG Industries, Inc. (PPG)
| Market Cap | 28.10B |
| Revenue (ttm) | 18.03B |
| Net Income (ttm) | 1.49B |
| Shares Out | 231.70M |
| EPS (ttm) | 6.30 |
| PE Ratio | 19.25 |
| Forward PE | 14.19 |
| Dividend | $2.72 (2.24%) |
| Ex-Dividend Date | Nov 12, 2024 |
| Volume | 722,085 |
| Open | 121.00 |
| Previous Close | 121.08 |
| Day's Range | 120.29 - 121.55 |
| 52-Week Range | 118.07 - 151.16 |
| Beta | 1.25 |
| Analysts | Buy |
| Price Target | 149.86 (+23.56%) |
| Earnings Date | Oct 16, 2024 |
About PPG
PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through two segments, Performance Coatings and Industrial Coatings. The Performance Coatings segment offers coatings, solvents, adhesives, sealants, sundries, and software for automotive and commercial transport/fleet repair and refurbishing, light industrial coatings, and specialty coatings for signs; wood stains; paints, thermoplastics, pavem... [Read more]
Financial Performance
In 2023, PPG Industries's revenue was $18.25 billion, an increase of 3.37% compared to the previous year's $17.65 billion. Earnings were $1.27 billion, an increase of 23.78%.
Financial StatementsAnalyst Forecast
According to 17 analysts, the average rating for PPG stock is "Buy." The 12-month stock price forecast is $149.86, which is an increase of 23.56% from the latest price.
News
PPG strengthens powder coatings presence in Italy through partnership with SARO/Siccardi
PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE:PPG) today announced a strategic partnership with SARO/Siccardi, the largest distributor of powder coatings in Italy. The collaboration will strengthen PPG's dis...
PPG inducts five new members into Collegium association, recognizing technology innovations aligned to growth
PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE:PPG) today announced the induction of five new members into its Collegium, an association of longstanding PPG leaders who have made significant technological con...
PPG announces industrial coatings leadership changes
PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE:PPG) today announced the following leadership changes within industrial coatings, effective Jan. 1, 2025: Juliane Hefel, currently vice president, specialty coat...
PPG announces leadership appointments
PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE:PPG) today announced several business leadership appointments as it continues to focus on driving and delivering the company's growth strategy. Tom Maziarz, curr...
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PPG Industries faces challenges despite a rich history, with recent divestment proceeds looking soft and modest earnings growth projections. The company reported a 3% sales increase in 2023, but long-...
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PPG's New Paint for a New Start transforms 27 schools worldwide with colorful makeovers
PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE:PPG) today announced that the third year of its New Paint for a New Start initiative, part of the company's COLORFUL COMMUNITIES® program, transformed 27 schools...
GLIDDEN paint by PPG names Brick Red Spray Paint Color of the Year 2025
PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE: PPG) today announced Brick Red as the GLIDDEN® paint by PPG Spray Paint Color of the Year, a complementary color to the brand's 2025 Color of the Year, Purple B...
PPG Board of Directors announces quarterly dividend of 68 cents per share
PITTSBURGH--(BUSINESS WIRE)--The Board of Directors of PPG (NYSE:PPG) today declared a regular quarterly dividend of 68 cents per share, payable Dec.12 to shareholders of record Nov. 12. This payment ...
PPG Industries, Inc. (PPG) Q3 2024 Earnings Call Transcript
PPG Industries, Inc. (NYSE:PPG) Q3 2024 Earnings Conference Call October 17, 2024 8:00 AM ET Company Participants Alejandro Lopez - Director of Investor Relations Timothy Knavish - Chairman and Chief...
American Industrial Partners to acquire PPG's US, Canada architectural coatings business for $550M
PPG Industries (NYSE: PPG) has entered into a definitive agreement to sell its US and Canada architectural coatings business to American Industrial Partners (AIP) for $550 million.
AMERICAN INDUSTRIAL PARTNERS TO ACQUIRE PPG'S ARCHITECTURAL COATINGS BUSINESS IN THE UNITED STATES AND CANADA
Building off strong foundations and iconic legacy brands, investment will enable the Company to accelerate profitable growth across the U.S. and Canada NEW YORK , Oct. 17, 2024 /PRNewswire/ -- America...
PPG to Cut 1,800 Jobs, Shrink Costs With Sale of Architectural-Coatings Biz
PPG agreed to sell its architectural-coatings business in the U.S. and Canada to private-equity firm American Industrial Partners for $550 million, and outlined cost and job cuts.
PPG to lay off 1,800 employees in US, Europe in cost-cut push
Paints and coatings maker PPG Industries said on Thursday it would lay off 1,800 employees in the United States and Europe and close various facilities as part of its cost-reduction program.
PPG reaches agreement to sell architectural coatings U.S. and Canada business to American Industrial Partners; announces comprehensive cost reduction program
PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE: PPG), a global leader in paints, coatings, and specialty materials, today announced that it has reached a definitive agreement to sell 100% of its architectural...
PPG misses quarterly profit estimates on weak industrial coatings demand
Paints and coatings maker PPG Industries missed Wall Street estimates for third-quarter profit on Wednesday, hurt by lower sales at its industrial coatings unit.
PPG reports third quarter 2024 financial results
PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE:PPG) today reported financial results for the third quarter 2024. Third Quarter Consolidated Results $ in millions, except EPS 3Q 2024 3Q 2023 YOY change Net sal...
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PPG earns top ‘AAA' sustainability rating from MSCI
PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE:PPG) today announced that it has received the highest “AAA” rating from the Morgan Stanley Capital International (MSCI) ESG ratings assessment. This achievement ...
PPG and Shaw Industries sign strategic agreement for resinous flooring products
PITTSBURGH & DALTON, Ga.--(BUSINESS WIRE)--PPG has signed a strategic agreement with Shaw Industries to offer the PPG FLOORING™ line of resinous flooring products.
PPG to announce third-quarter 2024 results Oct. 16
PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE: PPG) today announced the following details for its third-quarter 2024 earnings release and teleconference call. Earnings release: Wednesday, Oct. 16, after U....
PPG wins prestigious 2024 Supplier Excellence Award from Caterpillar Inc.
PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE: PPG) today announced that it has won a Caterpillar Supplier Excellence Award 2024 from Caterpillar Inc. (NYSE: CAT). Caterpillar procurement leadership presente...
My Best Dividend Aristocrats For October 2024
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Cardiex Announces Publication of Breakthrough Study Validating Noninvasive Fingertip Photoplethysmography (PPG) for Central Aortic Pressure Waveform Analysis
SYDNEY , Sept. 26, 2024 /PRNewswire/ -- Cardiex Limited (ASX: CDX), a global health technology company focused on cardiovascular diagnostics and arterial health solutions, today announced the publicat...