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PPG Industries Inc (PPG.N)

PPG.N on New York Stock Exchange

105.43USD
18 Jan 2019
Change (% chg)

$-1.93 (-1.80%)
Prev Close
$107.36
Open
$106.50
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$107.09
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$104.39
Volume
568,805
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488,986
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$122.06
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$94.42

Latest Key Developments (Source: Significant Developments)

PPG Announces Full-Year 2019 Financial Guidance
Thursday, 17 Jan 2019 

Jan 17 (Reuters) - PPG Industries Inc ::PPG ANNOUNCES FULL-YEAR 2019 FINANCIAL GUIDANCE.SEES FY SALES GROWTH OF 3 TO 5 PERCENT IN CONSTANT CURRENCIES INCLUDING RECENTLY ANNOUNCED ACQUISITIONS.SEES 2019 ADJUSTED EARNINGS PER SHARE GROWTH, EXCLUDING CURRENCY TRANSLATION IMPACTS, OF 7 TO 10 PERCENT.RECOMMEND AN INCREASE IN ANNUAL PER SHARE DIVIDEND TO BOARD OF DIRECTORS.IN FY 2019 SEES TO DELIVER AT LEAST $70 MILLION IN COST SAVINGS, WHICH ARE REFLECTED IN EPS TARGET.PPG INDUSTRIES- TO COMPLETE STRATEGIC REVIEW OF BUSINESS ASSOCIATED WITH COMBINATION, SEPARATION OF ARCHITECTURAL, INDUSTRIAL COATINGS UNITS BY Q2 END.FY2019 EARNINGS PER SHARE VIEW $6.47, REVENUE VIEW $15.84 BILLION -- REFINITIV IBES DATA.  Full Article

PPG Reports Q4 Earnings Per Share $1.07 From Continuing Operations
Thursday, 17 Jan 2019 

Jan 17 (Reuters) - PPG Industries Inc ::PPG REPORTS FOURTH QUARTER AND FULL-YEAR 2018 FINANCIAL RESULTS.SEES Q1 EARNINGS PER SHARE $1.18 TO $1.23.Q4 EARNINGS PER SHARE $1.07 FROM CONTINUING OPERATIONS.Q4 EARNINGS PER SHARE ESTIMATE $1.10 -- REFINITIV IBES DATA.Q4 NET SALES OF APPROXIMATELY $3.6 BILLION, UP ABOUT 2 PERCENT VERSUS PRIOR YEAR IN CONSTANT CURRENCIES.Q4 ADJUSTED EARNINGS PER DILUTED SHARE FROM CONTINUING OPERATIONS OF $1.15.CURRENTLY EXPECT Q1 EARNINGS PER DILUTED SHARE TO BE IN RANGE OF $1.18 TO $1.23."FURTHER PROGRESS MADE TOWARD OPERATING MARGIN RECOVERY ON A YEAR-OVER-YEAR BASIS".Q4 REVENUE VIEW $3.65 BILLION -- REFINITIV IBES DATA.Q1 EARNINGS PER SHARE VIEW $1.42 -- REFINITIV IBES DATA."REMAIN CONFIDENT WE ARE WELL-POSITIONED STRATEGICALLY AND FINANCIALLY, WE ENTER 2019 WITH MORE GLOBAL ECONOMIC UNCERTAINTY".PPG - IMPACT FROM H1 2018 COST INFLATION, UNFAVORABLE YOY FOREIGN CURRENCY TRANSLATION,LOWER SALES VOLUMES TO IMPACT H1 2019 PERFORMANCE.  Full Article

PPG To Acquire Global Coatings Manufacturer Whitford Worldwide
Friday, 14 Dec 2018 

Dec 14 (Reuters) - PPG Industries Inc ::PPG TO ACQUIRE GLOBAL COATINGS MANUFACTURER WHITFORD WORLDWIDE.PPG INDUSTRIES INC - FINANCIAL TERMS WERE NOT DISCLOSED..  Full Article

Ppg To Invest In Automated Dispense Cell Manufacturing For Automotive Parts And Accessories
Thursday, 13 Dec 2018 

PPG Industries Inc ::PPG TO INVEST IN AUTOMATED DISPENSE CELL MANUFACTURING FOR AUTOMOTIVE PARTS AND ACCESSORIES.PPG INDUSTRIES INC - FINANCIAL DETAILS ARE NOT BEING DISCLOSED..PPG INDUSTRIES INC - INCREASING ITS INVESTMENT IN AUTOMATED DISPENSE CELL MANUFACTURING OF PAINT AND RELATED COATINGS.  Full Article

PPG Announces Global Price Increase On Industrial Coatings Products
Monday, 3 Dec 2018 

Dec 3 (Reuters) - PPG Industries Inc ::PPG ANNOUNCES GLOBAL PRICE INCREASE ON INDUSTRIAL COATINGS PRODUCTS.PPG INDUSTRIES INC - WILL IMPLEMENT A 10 PERCENT PRICE INCREASE ON ALL OF ITS INDUSTRIAL COATINGS PRODUCTS GLOBALLY.PPG INDUSTRIES - CHANGE TO BE EFFECTIVE JAN. 1, 2019, OR AS PERMISSIBLE BY CONTRACT, AND WILL APPLY TO ALL INDUSTRIAL COATINGS END-USE SEGMENTS.  Full Article

PPG, Powercast Announce Partnership To Develop Wirelessly Powered Printed Electronics
Monday, 12 Nov 2018 

Nov 12 (Reuters) - PPG Industries Inc ::PPG, POWERCAST ANNOUNCE PARTNERSHIP TO DEVELOP ULTRA-THIN, WIRELESSLY POWERED PRINTED ELECTRONICS.PPG - POWERCAST , CO TO INTRODUCE LED-BASED WIRELESS ILLUMINATION SOLUTIONS FOR SMART CONSUMER PACKAGING AND SMART ID CARDS.  Full Article

Trian Discusses PPG Investment At Investor Conference
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - Trian Fund Management::TRIAN DISCUSSES PPG INVESTMENT AT INVESTOR CONFERENCE.TRIAN SAYS ITS INVESTMENT FUNDS BENEFICIALLY OWN ABOUT 7.0 MILLION SHARES OF PPG VALUED AT ABOUT $685 MILLION AS OF OCTOBER 24, 2018.TRIAN - URGES PPG TO STRENGTHEN MANAGEMENT BY BRINGING BACK CHUCK BUNCH AS CEO.TRIAN FUND MANAGEMENT - BELIEVES BUNCH AND PPG BOARD SHOULD CONSIDER COMMENCING A STRATEGIC REVIEW OF PORTFOLIO.TRIAN FUND MANAGEMENT - BUNCH HAS INDICATED HIS WILLINGNESS TO RETURN AS CEO OF PPG.TRIAN SAYS PPG'S TAKEOVER ATTEMPT OF AKZO NOBEL WAS "ILL ADVISED".  Full Article

Trian Fund Management Reports Share Stake Of 2.6 Mln Shares In PPG Industries
Tuesday, 9 Oct 2018 

Oct 9 (Reuters) - PPG Industries Inc ::TRIAN FUND MANAGEMENT REPORTS SHARE STAKE OF 2.6 MILLION SHARES IN PPG INDUSTRIES - SEC FILING.TRIAN FUND - CHANGE IN HOLDINGS ARE AS OF JUNE 30, 2018 & WAS DISCLOED IN AN AMENDED 13F FORM.  Full Article

Trian Fund Management Takes Stake In PPG Industries - WSJ
Tuesday, 9 Oct 2018 

Oct 9 (Reuters) - :TRIAN FUND MANAGEMENT TAKES STAKE IN PPG INDUSTRIES INC- WSJ, CITING SOURCE.TRIAN FUND MANAGEMENT TAKES $690 MILLION, 2.9% STAKE IN PPG - WSJ, CITING SOURCE.  Full Article

PPG Industries Sees Q3 2018 Earnings Per Share $1.47 To $1.51 From Continuing Operations
Monday, 8 Oct 2018 

Oct 8 (Reuters) - PPG Industries Inc ::PPG PROVIDES UPDATE ON THIRD QUARTER 2018 FINANCIAL RESULTS.SEES Q3 2018 ADJUSTED EARNINGS PER SHARE $1.41 TO $1.45 FROM CONTINUING OPERATIONS.SEES Q3 2018 EARNINGS PER SHARE $1.47 TO $1.51 FROM CONTINUING OPERATIONS.SEES Q4 EARNINGS PER SHARE $1.03 TO $1.13.SEES Q3 2018 SALES ABOUT $3.8 BILLION.DURING QUARTER, SAW OVERALL DEMAND IN CHINA SOFTEN."DURING QUARTER, WE SAW OVERALL DEMAND IN CHINA SOFTEN".EXPERIENCED WEAKER AUTOMOTIVE REFINISH SALES IN QUARTER.EXPECTS Q3 SALES VOLUME GROWTH OF ABOUT 2 PERCENT.SEVERAL OF CO'S U.S. AND EUROPEAN CUSTOMERS ARE CARRYING HIGH INVENTORY LEVELS DUE TO LOWER END-USE MARKET DEMAND.PPG INDUSTRIES-IMPACT FROM WEAKENING FOREIGN CURRENCIES, PRIMARILY IN EMERGING REGIONS, RESULTED IN YEAR-OVER-YEAR DECREASE IN INCOME OF ABOUT $15 MILLION.CEO SAYS "DISAPPOINTED WITH Q3 EARNINGS RESULTS".PPG INDUSTRIES -REMAIN COMMITTED TO EARNINGS-ACCRETIVE CASH DEPLOYMENT & EXPECT TO DEPLOY ABOUT $1 BILLION ON ACQUISITIONS OR SHARE REPURCHASES DURING Q4.IN QUARTER, EXPECT HIGHER SELLING PRICES SEQUENTIALLY VERSUS Q2.PPG INDUSTRIES - ANTICIPATING CONTINUED RAW MATERIAL COST INFLATION IN Q4.IN Q4, EXPECT MARGINS TO BE COMPARABLE VERSUS Q4 2017 IN AGGREGATE.Q3 EARNINGS PER SHARE VIEW $1.59, REVENUE VIEW $3.88 BILLION -- THOMSON REUTERS I/B/E/S.Q4 EARNINGS PER SHARE VIEW $1.35 -- THOMSON REUTERS I/B/E/S.  Full Article

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Trian to skip PPG board challenge after new commitments: sources

Trian Fund Management LP will not challenge PPG Industries Inc's board of directors at its 2019 shareholder meeting after the U.S. paints and coatings company met some of the activist hedge fund's demands and announced new financial targets, people familiar with the matter said on Thursday.