PPG Board of Directors authorizes $2.5 billion share repurchase program
2024年4月19日 - 5:07AM
ビジネスワイヤ(英語)
PPG (NYSE:PPG) today announced that its board of directors has
authorized the repurchase of $2.5 billion of outstanding common
stock. The authorization is effective immediately, does not expire,
and gives management discretion in determining the conditions under
which shares may be purchased.
This program is in addition to the company’s existing share
repurchase authorization, which was approved in December 2017 and
had approximately $860 million remaining as of March 31, 2024.
Repurchases will be made in accordance with applicable securities
laws in the open market or in privately negotiated transactions.
Repurchases may commence or cease without prior notice depending on
economic and equity market conditions, magnitude of other cash
uses, including pace and timing of acquisitions, and other
factors.
PPG: WE PROTECT AND BEAUTIFY THE WORLD®
At PPG (NYSE: PPG), we work every day to develop and deliver the
paints, coatings, and specialty materials that our customers have
trusted for 140 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
$18.2 billion in 2023. We serve customers in construction, consumer
products, industrial and transportation markets, and aftermarkets.
To learn more, visit www.ppg.com.
The PPG Logo and We protect and beautify the world are
registered trademarks of PPG Industries Ohio, Inc.
Forward-Looking Statements
Statements in this news release relating to matters that are not
historical facts are forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995 reflecting
the company’s current view with respect to future events or
objectives and financial or operational performance or results. The
forward-looking statements contained herein include statements
relating to the timing and number of shares ultimately purchased
under PPG Industries’ share repurchase program. Actual events may
differ materially from current expectations and are subject to a
number of risks and uncertainties, including PPG Industries’
ability to complete the share repurchase program and the other
risks and uncertainties discussed in PPG Industries’ 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.
Forward-looking statements speak only as of the date of their
initial issuance, and PPG Industries does not undertake any
obligation to update or revise publicly any forward-looking
statement, whether as a result of new information, future events or
otherwise.
CATEGORY Corporate
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version on businesswire.com: https://www.businesswire.com/news/home/20240418713870/en/
Media Contact: Mark Silvey Corporate Communications
silvey@ppg.com
Investor Contact: Jonathan Edwards Investor Relations +1
412 434 3466 jonathanedwards@ppg.com investor.ppg.com
PPG Industries (NYSE:PPG)
過去 株価チャート
から 4 2024 まで 5 2024
PPG Industries (NYSE:PPG)
過去 株価チャート
から 5 2023 まで 5 2024