PPG Industries Inc (PPG)

PPG 10Q due Oct 16

PPG completes acquisition of global coatings manufacturer Ennis-Flint
December 24 2020 - 08:31AM

PPG (NYSE:PPG) today announced that it has completed its acquisition of Ennis-Flint.

Ennis-Flint is a global leader in pavement markings and traffic safety solutions with a wide range of products, including traffic paint, hot-applied and preformed thermoplastics, raised pavement markers and intelligent transportation systems. The company has approximately 1,000 employees globally, with a network of manufacturing facilities within the United States, Europe, South America, Australia and Asia. Ennis-Flint’s full year of 2020 revenue is expected to be approximately $600 million, with mid-teen percentage EBITDA margins.

PPG will provide additional details relating to the business acquisition, including acquisition-related financial impacts, during the company’s fourth quarter earnings conference call in January 2021.

PPG: WE PROTECT AND BEAUTIFY THE WORLD™

At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and materials that our customers have trusted for more than 135 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 70 countries and reported net sales of $15.1 billion in 2019. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.

Forward-Looking Statements

The forward-looking statements contained herein include statements relating to Ennis-Flint’s full year of 2020 revenue and margins. Actual results may differ materially from current expectations and are subject to a number of risks and uncertainties, including government funding levels, the effect of the Covid-19 pandemic and the other risks and uncertainties discussed in PPG’s periodic reports on Form 10-K and Form 10-Q and its current reports on Form 8-K filed with the Securities and Exchange Commission.

We protect and beautify the world is a trademark and the PPG Logo is a registered trademark of PPG Industries Ohio, Inc.

CATEGORY Financial



View source version on businesswire.com: https://www.businesswire.com/news/home/20201224005005/en/

Media Contact:
Mark Silvey
Corporate Communications
+1-412-434-3046
silvey@ppg.com

Investor Contact:
John Bruno
Investor Relations
+1-412-434-3466
jbruno@ppg.com
investor.ppg.com

https://smartroadturtle.com/

Ppg is about to start into a whole new ball game here!!

$$$$

MAS better buy then PPG?

PPG Industries Inc.: SEC Admin. Proceeding, Cease and Desist Order:

https://www.sec.gov/litigation/admin/2019/33-10701.pdf

Is anyone on this site familiar with PPG's involvement with protective material they supply to the battery packs that are being made for the EV industry?

Something I never knew about a hockey puck

PPG Provides National Hockey League with Thermochromic Puck Coatings for 2019 Bridgestone NHL Winter Classic
12/10/2018
PITTSBURGH--(BUSINESS WIRE)-- PPG (NYSE: PPG) and the National Hockey League (NHL®) today announced that official game pucks featuring thermochromic coatings supplied by PPG will be in play at the 2019 Bridgestone NHL Winter Classic® at Notre Dame Stadium on New Year’s Day.

Interesting stock with a good outlook. Nothing to do with PPG or even a competitor to PPG.

Want a 50% gainer this year, look at FIVE. Check my post on that board.

ANIP will make 5+ in 18 and sells for 62

Look at this stock go higher!! Earnings are pretty darn good. Dividend could be increased at any time, and by a substantial amount. Q4 was really good. I continue to believe this is an undervalued stock. good way to play the EV market, imo, with low risk.

C'mon man hike that divy

Want an undiscovered stock? Want a stock that RAYMOND JAMES has a $138 price target? Want a stock that pays a dividend,with a share buyback?

The biggest trade in 2018 isn't even being discussed as of yet. So much hype around the EV (electric vehicle) market yet who knows about PPG role in all of this?

Some time back I discovered PPG is working with all the major car makers on using their adheresives to secure the lithium batteries in EV's. Around the same time Goodman Sachs releases an article that stated by the year 2025 the EV market could reach 40% in the US. Not hard to put 2 and 2 together here. Anyone who does will buy this stock today.

I personally think by mid 2018 everyone will realize this and the stock will be much higher.

Just say'n get in today and you'll have a very nice return.

Big trade 15 mill

Those are block trades filled during the day in a pre arranged price range and then reported at the end of day by the MM at the overall average days price.

http://www.econotimes.com/Hybrid-Fortune-500-Partner-PPG-Comex-Launches-Green-Polyurethane%E2%84%A2-Based-Coating-Product-268462

nice grren.. ppg

Wow massive trades today

I know.. i watch it everyday.. i thought the 100k trade was it,, and then BOOM.. over 1 hr later another 140k monster.

263k eod trade over 24 million $ worth !! I haven't looked lately but I see they are still getting monster eod trades. I wonder wtf that is all about? Be different if it was once in awhile but not almost every day.

$$$$$$

nothing officially stating that they are doing business with a much smaller hidden gem, remaining hopeful it comes out this quarter

Big money getting thrown around here!

thats 33 million dollars!!

358k afterhours trade

True..

actually vol is real high.. if you look at vol chart.. rem it $90 a share

Not much volume but like 5 trades per second!!! Lol

Dammit...I was hoping to figure out what's going on here too... LOL

i can hear your echos.. nobody here .. but us curious folk..

Wow what's going on over here today!!!

This board is dead. 2016 is gonna be a great year

Aarlie apparently F500 companies don't use message boards lol.. PPG investors will be catching wind of us soon enough IMO. And yes, that 187k trade was a bad dude!!

wow.. huge eod trade

Love PPG Long GYTI - I think PPG is going to be back to its high in 2016

PPG (NYSE:PPG): Q2 EPS of $1.67 beats by $0.03.

Revenue of $4.1B (+0.5% Y/Y) misses by $60M.

NYSE: PPG and OTCBB: GYTI here is the link for the 8k that was just filed



http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10677458

 

We have to ask ourselves why does a $222.00 NYSE company do a deal with GYTI a .72 cent BB

 

I think the G Beam technology is very advanced for manufacturing it can be compared to the adoption of laser in the manufacturing process faster stronger and less expensive.

 

AS Fred Harvey said the rest of the story, but this is one that you should take a serious look

NYSE: PPG and OTCBB: GYTI here is the link for the 8k that was just filed



[url][/url][tag]insert-text-here[/tag]http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10677458

 

We have to ask ourselves why does a $222.00 NYSE company do a deal with GYTI a .72 cent BB

 

I think the G Beam technology is very advanced for manufacturing it can be compared to the adoption of laser in the manufacturing process faster stronger and less expensive.

 

AS Fred Harvey said the rest of the story, but this is one that you should take a serious look

It's only gonna go higher!

Buy now

It's been one year, and look how much they have grown.....no ceilings on this ppl

9:34 AM PPG +1% buys Deft Inc., a provider of aviation primers and topcoats, in deal that will broaden PPG's portfolio and ensure it maintains its market position as a "leading aerospace coatings supplier," the company says. Financial terms of the agreement were not disclosed.

10:20 AM PPG Industries (PPG -3.1%) sets a final exchange ratio for the split-off of its commodity chemicals business at 3.2562 shares of newly created Eagle Spinco for each PPG share. After PPG's acceptance, Eagle Spinco will merge with a subsidiary of Georgia Gulf (GGC +4.8%) and each Spinco share will convert to one GGC share; the closing of the merger then should conclude later today.

http://seekingalpha.com/article/1122601-ppg-shareholders-beware-of-georgia-gulf-exchange-offer

11:47 AM PPG Industries, Inc. (PPG) declares $0.59/share quarterly dividend, in line with previous. Forward yield 1.68%. For shareholders of record Feb. 22. Payable Mar. 12. Ex-div date Feb. 20.

9:14 AM PPG Industries (PPG) declares $0.59/share quarterly dividend, in line with previous. Forward yield 1.98%. For shareholders of record Nov 09. Payable Dec 12. Ex-div date Nov 07.

http://seekingalpha.com/article/822121-planned-spin-off-widens-ppg-industries-moat?source=email_rt_article_title&ifp=0

transcript of earnings call: http://seekingalpha.com/article/734311-ppg-industries-management-discusses-q2-2012-results-earnings-call-transcript?source=email_rt_article_title&ifp=0

PPG Reports Record Earnings for Any Quarter

PPG Industries (NYSE:PPG) today reported net sales for the second quarter 2012 of $4 billion. Net income for the quarter was $362 million, or $2.34 per diluted share, including nonrecurring charges. Adjusted net income for the quarter, excluding the nonrecurring charges, was $365 million, or $2.36 per diluted share. Second quarter 2011 net sales were $4 billion, and net income was $340 million, or $2.12 per diluted share.

Second quarter 2012 results include after-tax charges of $3 million, or 2 cents per diluted share, for costs related to the company’s announced agreement to separate its commodity chemicals business and merge it with Georgia Gulf Corp. or its subsidiary. The company anticipates additional separation costs in the second half of 2012. There were no nonrecurring charges in the second quarter 2011. A Regulation G Reconciliation of second quarter 2012 adjusted net income and earnings per diluted share to reported net income and earnings per diluted share is included below.

“In the second quarter, PPG delivered the highest quarterly earnings per share in company history as a result of continued execution, strong cost discipline and effective cash deployment,” said Charles E. Bunch, PPG chairman and CEO. “These record earnings were achieved despite significantly weaker European and Latin American currency exchange rates and growth that varied by region and end-use market.”

According to Bunch, the negative currency impacts reduced overall sales by 5 percent and resulted in a negative 10 cents per share earnings impact versus the second quarter 2011.

“Overall, our sales in local currencies grew in the quarter, led by continued strong organic growth in North America,” Bunch said. “Business in emerging regions also expanded, but results were mixed by end-use market. Organic growth in North America and emerging regions was comparable to first quarter performance; however, these gains were partly offset by a further, fairly broad step-down in European demand. These regional variations were evident in nearly all our global businesses, which resulted in an overall flattening of our worldwide volume growth rate.

“Aerospace and automotive manufacturing remained our strongest end-use markets, delivering excellent growth, and recent acquisitions aided sales and earnings results,” Bunch noted.

“Looking ahead, we expect European business conditions to remain challenging, and we will continue to aggressively implement our previously announced restructuring programs focused primarily in this region. Targeted savings from these programs are between $40 million and $50 million in the second half of the year. We expect growth in North America and Asia to continue but to remain inconsistent by end-use market. Also, we continued to be impacted by coatings input cost inflation, with inflation rates this quarter similar to the first quarter. We expect to offset the negative effects of this inflation in the second half of the year with selectively higher pricing and lower commodity input costs.

“Finally, during the quarter we did not repurchase any company stock due to negotiations related to the separation and merger of our commodity chemicals business, which was announced today,” Bunch said. “We will not repurchase any company stock while the announced deal is pending, but we will continue to pursue acquisitions that fit our strict financial metrics as a primary means of deploying our strong cash position.”

The company reported today that cash and short-term investments totaled approximately $1.2 billion at the end of the second quarter 2012. Year-to-date cash from operations was approximately $430 million, an improvement of about $175 million versus the prior year.

Performance Coatings segment sales for the quarter were $1.2 billion, up 1 percent versus the prior year. The negative impact of foreign currency translation was offset by higher selling prices. The aerospace business delivered strong growth in all regions, and U.S. architectural coatings sales were seasonally stronger than the first quarter and improved by mid-single-digit percentages over a difficult prior-year comparison period that included channel stocking for the new OLYMPIC(R) ONE product. Protective and marine coatings volumes were muted, with gains in protective coatings offset by lower marine demand. Automotive refinish volumes declined due to lower European demand and customer destocking. Segment earnings for the quarter of $204 million were level with the prior-year period.

Industrial Coatings segment sales for the quarter were $1.1 billion, an increase of $24 million, or 2 percent, versus the prior year. Segment volumes grew by more than 20 percent in the United States, including strong automotive OEM (original equipment manufacturer) coatings business performance. Growth in emerging regions continued but was mixed by end-use market, including in Asia where strong automotive OEM coatings results outpaced lower demand in construction-related markets. European volumes declined by about 10 percent. Sales growth was tempered by the negative impact of foreign currency translation, which reduced sales by nearly $60 million. Selling prices improved in response to higher input cost inflation. Segment earnings for the quarter were $143 million, an increase of $28 million from the prior year. Earnings were aided by the higher volumes and continued cost discipline.

Architectural Coatings – EMEA (Europe, Middle East and Africa) segment sales for the quarter of $601 million decreased $10 million, or 2 percent, versus the prior year due to lower volumes partly offset by price. Currency translation negatively impacted sales by 10 percent but was offset by sales from the Dyrup acquisition completed in January 2012. Despite mid-single-digit segment volume declines, segment earnings grew by $14 million versus the prior year’s second quarter to reach $64 million, aided by acquisition performance and continued cost-management actions. The prior year included higher costs relating to a large customer bankruptcy, and that year-over-year benefit was negated by the negative impact of foreign currency translation.

Optical and Specialty Materials second quarter 2012 segment sales of $314 million were down $12 million, or 4 percent, versus the prior year due to the negative impact of foreign currency translation. Segment volumes were flat and included negative impacts from weakened European market conditions and optical customer inventory management. Segment earnings grew $5 million year-over-year to $95 million, aided by cost management.

Commodity Chemicals segment sales for the quarter of $427 million were down $43 million, or 9 percent, versus the prior year. Selling prices were lower year-over-year and modestly lower than the first quarter 2012. Chlorine demand weakened during the quarter, and volumes were also slightly lower year-over-year. Lower natural gas input costs and cost management offset the sales declines. Segment earnings were $106 million, level with the second quarter 2011.

Glass segment sales were $273 million for the quarter, down $1 million from the prior year. Higher flat glass volumes were offset by lower pricing and the negative impact of foreign currency translation. Fiber glass pricing declined from prior-year levels, driven by reduced European and Asian demand. Segment earnings were $23 million, a decrease of $6 million from the prior-year quarter as a result of lower pricing and lower fiber glass equity earnings.

PPG: BRINGING INNOVATION TO THE SURFACE.(TM)

PPG Industries' vision is to continue to be the world’s leading coatings and specialty products company. Through leadership in innovation, sustainability and color, PPG helps customers in industrial, transportation, consumer products, and construction markets and aftermarkets to enhance more surfaces in more ways than does any other company. Founded in 1883, PPG has global headquarters in Pittsburgh and operates in more than 60 countries around the world. Sales in 2011 were $14.9 billion. PPG shares are traded on the New York Stock Exchange (symbol:PPG). For more information, visit www.ppg.com.

Additional Information

PPG will provide detailed commentary regarding its financial performance, including presentation-slide content, on the PPG Investor Center at www.ppg.com at 1 p.m. ET today, July 19. The company will hold a conference call to review its second quarter 2012 financial performance today at 2 p.m. ET. The dial-in numbers are: in the United States, 800-299-9086; international, 617-786-2903; passcode 72778101. The conference call also will be available in listen-only mode via Internet broadcast from the PPG Investor Center at www.ppg.com (Windows Media Player). A telephone replay will be available today, July 19, beginning at approximately 4 p.m. ET, through Thursday, July 26, at 11:59 p.m. ET. The dial-in numbers for the replay are: in the United States, 888-286-8010; international, 617-801-6888; passcode 48220988. A Web replay also will be available on the PPG Investor Center at www.ppg.com, beginning at approximately 4 p.m. ET today, July 19, 2012, through Friday, July 19, 2013.

8:11 AM PPG Industries (PPG) plans to separate its commodity chemicals business and merge it with Georgia Gulf (GGC) in a cash-and-stock deal worth $2.1B. PPG shareholders will receive 50.5% of the shares of the merged company. whose yearly revenue is projected at ~$5B. The deal is expected to close late this year or early 2013. PPG +1.6%, GGC +13.7% premarket.

PPG Directors Approve Quarterly Dividend Increase to 59 Cents Per Share
P P G (NYSE:PPG)
Today : Thursday 19 April 2012
The board of directors of PPG Industries (NYSE:PPG) today approved a 2 cent per-share increase in the company’s dividend, declaring a regular quarterly dividend of 59 cents per share, payable June 12 to shareholders of record May 10.
PPG’s prior quarterly dividend was 57 cents per share.
This marks the company’s 455th consecutive dividend payment. PPG has paid uninterrupted annual dividends since 1899.
PPG: BRINGING INNOVATION TO THE SURFACE.(TM)
PPG Industries' vision is to continue to be the world’s leading coatings and specialty products company. Through leadership in innovation, sustainability and color, PPG helps customers in industrial, transportation, consumer products, and construction markets and aftermarkets to enhance more surfaces in more ways than does any other company. Founded in 1883, PPG has global headquarters in Pittsburgh and operates in more than 60 countries around the world. Sales in 2011 were $14.9 billion. PPG shares are traded on the New York Stock Exchange (symbol:PPG). For more information, visit www.ppg.com.
Bringing innovation to the surface is a trademark of PPG Industries Ohio, Inc.