PPG Industries Inc
A Quick Look at a Few Chemical Companies in 2016
In this series, we’ll take a look at the performances of a few top chemical companies and how the policies of Trump and Clinton could impact those companies.
Will PPG Industries’ Glass Segment Cease to Exist in 3Q16?
In 2Q16, PPG Industries’ Glass segment contributed ~7% of total revenue, reporting revenue of $282 million in 2Q16, as compared to $279 million in 2Q15.
Did Dan Loeb’s Third Point buy T-Mobile stake ahead of a merger?
Third Point said in its 4Q investor letter that it had an opportunity to establish a position in T-Mobile (TMUS) in November when the company conducted a secondary offering at $25.
Praxair Secures a New Long-Term Contract
Praxair has entered into a long-term agreement to supply oxygen for Fulcrum BioEnergy’s Sierra BioFuels Plant in Storey County, Nevada.
PPG Launches Powercron 160 Electrocoat in North America
On March 12, PPG Industries (PPG) announced the launch of its Powercron 160 electrocoat in North America.
PPG Industries: Investment and Stock Price Update
Due to continued weakness in the market, PPG Industries stock fell 3.0% and closed at $100.14 for the week ending December 14.
Why Third Point bought Dow Chemical shares and called for a spinoff
Dan Loeb’s Third Point LLC revealed positions in Dow Chemical (DOW) and T-Mobile (TMUS) in its fourth quarter 2013 investor letter.
AQR Capital Initiates Stake in Delphi Automotive
AQR Capital commenced a position in Delphi Automotive (DLPH). DLPH stock represented 0.32% of the fund’s 4Q14 portfolio.
Axalta’s General Counsel Stepped Down
In a press release of November 21, Axalta (AXTA) announced that Michael Finn, the company’s general counsel, stepped down.
Why Sherwin-Williams’s Short Interest Is Rising Again
The latest short interest report on September 15 indicated that Sherwin-Williams’s (SHW) short interest reached a one-month high.
PPG COMEX Opens a New Distribution Center in Guadalajara
PPG Industries (PPG) announced that its PPG COMEX division opened a new distribution center in Guadalajara, Mexico.
Will PPG Industries’ Q1 Revenues Fall?
Analysts expect PPG Industries (PPG) to post revenues of $3.68 billion in its first-quarter earnings release.
Why PPG Industries’ Adjusted Q1 Earnings Might Fall
In a press release on March 27, PPG Industries (PPG) said that it would announce its first-quarter earnings on April 18 before the market opens.
PPG Has a New Vice President and Chief Digital Officer
In a press release on April 8, PPG Industries announced that it has appointed Devashish Saxena as its new vice president and chief digital officer.
PPG: Higher Prices for Automotive Refinish Products in China
In a press release on April 3, PPG Industries (PPG) said that it has increased the prices of its automotive refinish products in China.
PPG Industries Appoints a Director of Government Affairs
In a press release on March 19, PPG Industries (PPG) announced that it appointed Emily Elizer as the director of government affairs.
J.P. Morgan Downgraded PPG Industries, Stock Fell 5.3%
On March 22, J.P. Morgan (JPM) downgraded PPG Industries’ (PPG) rating to “underweight” from “neutral.”
DowDuPont’s Corteva Adds Two New Members to Its Board
In a press release today, DowDuPont said that it added two additional members to the future board of directors of Corteva Agriscience, DowDuPont’s agricultural division.
PPG Industries: Paint Partnership with the Oakland Raiders
On February 25, PPG Industries (PPG) announced that it signed a multiyear corporate marketing agreement with the Oakland Raiders.
PPG Industries Announced $10 Million Investment in Greenville
On February 19, PPG Industries (PPG) announced it will be investing $10 million to construct a new facility in Greenville, South Carolina.
Why PPG’s Industrial Coatings’ Q4 Revenue Fell
PPG Industries’ (PPG) Industrial Coatings segment is the company’s second reporting segment.
PPG’s Performance Coatings’ Q4 Revenue Grows, Margin Remains Flat
PPG Industries’ Performance Coatings segment reported revenue of $2.14 billion in the fourth quarter, flat year-over-year.
What Caused PPG’s Q4 2018 Revenue to Fall?
For the fourth quarter, PPG Industries (PPG) reported revenue of $3.64 billion, a fall of 1.0% YoY (year-over-year).
PPG Industries Announced Its First-Quarter Dividend
On January 17, PPG Industries (PPG) announced the dividend for the first quarter of 2019. The board declared a dividend of $0.48 per share.
PPG Industries’ Q4 Earnings Beat the Street—Stock Rises
PPG Industries (PPG) announced its fourth-quarter earnings results before the market opened on January 17, 2019.
Sherwin-Williams: Preliminary Q4 Sales and Fiscal Earnings
In a press release on January 15, Sherwin-Williams (SHW) announced its preliminary fourth-quarter sales numbers and fiscal 2018 earnings.
PPG Stock Is Up on Its Q4 Earnings Beat
PPG Industries (PPG) announced its fourth-quarter earnings results today before the market opened.
PPG Industries’ Q4 Revenues Are Expected to Be Flat
Wall Street analysts expect PPG Industries (PPG) to post revenues of $3.65 billion in its fourth-quarter earnings release.
How Has PPG Stock Performed since Its Q3 Earnings?
PPG Industries announced its third-quarter earnings on October 18. Since then, the stock has gained 2.0% as of January 15.
Axalta: ‘Sahara’ Is the 2019 Automotive Color of the Year
On January 10, Axalta (AXTA) choose ‘Sahara,’ a golden bronze tone, as the 2019 automotive color of the year.
PPG Industries Launched a New Polyurethane Primer
On January 9, PPG Industries (PPG) announced the introduction of SPECTRACRON 385 POLY-IOTHANE—a solid primer.
RPM International’s Free Cash Flow Trend
RPM International has been generating positive free cash flows. RPM International’s free cash flows can support the current dividend growth.
PPG Industries Acquires Hemmelrath
On January 7, PPG Industries announced that it signed a definitive agreement to acquire Hemmelrath—an automotive coating manufacturer.
Update: PPG Industries’ Executive Moves
Despite positive news from PPG Industries, the stock price declined 3.8% and closed at $96.32 for the week ending December 21.
Carrier Selects Chemours’ Opteon XL41
On December 19, Chemours (CC) announced that Carrier selected its refrigerant R-454B, which is sold as “Opteon XL41.”
RPM International Acquired Siamons International
On December 17, RPM International (RPM) announced that its Rust-Oleum Group acquired Siamons International.
Axalta Entered a Collaboration with Allure Industries
On December 21, Axalta (AXTA) announced that it entered into a collaboration with Allure Industries.
PPG Industries to Acquire Whitford Worldwide
In a press release on December 14, PPG Industries announced that it has entered into a definitive agreement to acquire Whitford Worldwide.
Porsche Approved Axalta’s Three Premium Brands
On December 6, Axalta (AXTA) announced that it received approval from Porsche to use Axalta’s three premium refinish brands.
PPG Completes the SEM Products Acquisition
On December 3, PPG Industries (PPG) announced that it completed the acquisition of SEM Products.
PPG Industries Plans to Increase Industrial Coating Prices
In a press release on December 3, PPG Industries (PPG) announced that it will increase industrial coating prices 10%.
PPG Expands Agreement with Lomon Billions
On November 27, PPG Industries announced that it entered a multiyear agreement with Lomon Billions to supply chloride and sulfate-based titanium dioxide.
PPG Industries Received Awards Last Week
On November 20, PPG Industries (PPG) announced that it received Uni-Select’s 2018 Diamond Award.
PPG Industries Announced a Partnership with Powercast
On November 12, PPG Industries (PPG) announced that it has entered into an agreement with Powercast.
APD’s Industrial Gases–Americas Segment’s Margins Fell
Air Products and Chemicals’ (APD) Industrial Gases–Americas segment was the company’s largest revenue contributor in the fourth quarter.
DowDuPont’s Specialty Products Segment EBITDA Rose in Q3
DowDuPont’s (DWDP) Specialty Products segment accounted for 28.2% of DWDP’s total revenues, a decrease of 0.6 percentage points on a year-over-year basis.
Analyzing DowDuPont’s Institutional Holdings before Its Earnings
The 13F filings on June 30 indicated that institutional investors own 70.8% of DowDuPont’s (DWDP) outstanding shares.
Home Depot Names PPG as Its Paint Supplier Partner of the Year
On October 22, a PPG Industries press release said that PPG had been awarded Home Depot’s Supplier Partner of the Year award in the paint category.
CC’s First Annual Corporate Responsibility Commitment Report
On October 26, Chemours (CC) announced the release of its first annual corporate responsibility commitment report.
Praxair-Linde Merger Gets Approval from Federal Trade Commission
On October 22, the FTC (Federal Trade Commission) provided conditional approval of the merger of Praxair (PX) and Linde AG.
How PPG’s Industrial Coatings Segment Performed in Q3 2018
PPG Industries’ (PPG) Industrial Coatings segment represented 40% of PPG’s total revenue in Q3 2018.
Why PPG’s Performance Coatings Segment Margins Declined
PPG Industries’ (PPG) Performance Coatings segment is the most significant contributor to the company’s overall revenue in Q3 2018.
PPG’s Q3 2018 Adjusted EPS Meets Expectations, Stock Rises
PPG Industries (PPG) announced its Q3 2018 earnings before the market opened on October 18. It reported adjusted EPS of $1.45.
PPG Industries Meets Third-Quarter Expectations
PPG Industries (PPG) announced its third-quarter earnings today before the market opened.
PPG Industries’ Short Interest Could Increase after Its Earnings
In terms of PPG Industries’ number of shares, the short interest was 6.0 million. The company’s average trading volume is 1.65 million shares.
Cabot Will Participate in Vehicle Technologies Research
On October 10, Cabot (CBT) said that the Department of Energy selected the company to participate in advanced vehicle technologies research.
Sherwin-Williams’s Valuation Compared to Its Peers
Analysts expect Sherwin-Williams’s adjusted EPS for the next four quarters to be ~$20.84, which implies an increase of 21.10% over the previous year.
Analyzing Sherwin-Williams’s Ability to Service Its Debt
Sherwin-Williams’s (SHW) interest expense has increased significantly due to borrowings for the Valspar acquisition.
Sherwin-Williams’s Free Cash Flow Could Reduce the Debt
Sherwin-Williams has been generating strong free cash flows. Since 2012, Sherwin-Williams has generated an average free cash flow of ~$835 million per year.
Is Sherwin-Williams’s Debt Getting Better or Worse?
At the end of the second quarter, Sherwin-Williams’s (SHW) debt was at $10.37 billion—marginally lower compared to the debt at the end of 2017.
Cabot Plans to Increase Activated Carbon Prices Globally
On September 21, Cabot (CBT) announced that it plans to increase activated carbon prices. The price increase will be effective on October 1.
RPM International Acquired Nudura
RPM International stock gained 0.6% and closed at $67.39 for the week ending September 14. On a YTD basis, RPM International has gained 28.6%.
PPG to Build New Research and Development Center in China
On August 29, PPG Industries (PPG) announced plans to build a new paint and coatings research and development center in Tianjin, China.
PPG’s Dulux Paints Selects the 2019 Colors of the Year
PPG Industries stock declined and closed at $108.42 for the week ending August 17. PPG Industries stock has been struggling in 2018.
Why Short Interest in PPG Industries Is on the Rise
The latest short interest data from July 31 indicate that PPG Industries’ short interest has been increasing since the beginning of 2018.
Axalta Launches New Glass and Ceramic Coatings—Eleglas
Axalta (AXTA) stock closed at $30.03 and declined ~1.1% for the week ended August 10.
What Drove DowDuPont’s Agriculture Segment Revenue Higher in Q2?
DowDuPont’s (DWDP) Agriculture segment accounted for 23.6% of DWDP’s Q2 2018 revenues compared to 22.2% in Q2 2017 on a pro forma basis.
Inside Praxair’s Asian Segment in Q2 2018
Praxair’s (PX) Asian segment was its second-biggest revenue contributor in Q2 2018.
Can DowDuPont Beat Analysts’ Adjusted EPS Estimates in Q2 2018?
DowDuPont (DWDP) is expected to post adjusted EPS of $1.30 in the second quarter.
Sherwin-Williams Stock Rises on Strong Q2 2018 Earnings
Sherwin-Williams reported record second-quarter revenue of $4.77 billion in Q2 2018, implying growth of 27.8% over Q2 2017.
Can APD’s Adjusted Earnings Beat the Estimates?
Air Products and Chemicals (APD) is expected to report an adjusted EPS of $1.84 in the third fiscal quarter.
Why PPG’s Industrial Coatings Segment Margin Declined in Q2
PPG Industries’ (PPG) Industrial Coatings segment represented 39.5% of the company’s total revenue in Q2 2018 compared to 39.6% in Q2 2017.
How PPG Industries’ Performance Coatings Performed in Q2
PPG Industries’ Performance Coatings segment was the most significant contributor to the company’s overall revenue in Q2 2018.
PPG’s Q2 Adjusted EPS Beats Estimates, Stock Marginally Lower
PPG Industries (PPG) announced its Q2 2018 earnings before the market opened on July 19. It reported adjusted EPS of $1.90.
PPG Industries Stock since Its Q1 2018 Earnings
PPG Industries (PPG) has announced that it will announce its second-quarter earnings on July 19 before the market opens.
Airbus Qualifies PPG’s Desothane HD 9008 Mica Basecoat-Clearcoat
On July 11, PPG Industries (PPG) announced that its portfolio with Airbus has been extended.
Praxair–Linde Merger to Be Decided on August 24 by EU Regulators
The merger between Praxair (PX) and Linde AG is in the final formalities stage, awaiting the approval from antitrust regulators in the European Union.
Cabot and Pioneer Reach an Offtake Agreement
Analysts are bullish on CBT stock and have recommended a target price of $72.30, which implies a return potential of 15.8% from its June 22 closing price.
Chemours Increases Prices of Vazo Products
On June 18, Chemours (CC) announced that it would increase the prices of all grades of Vazo products.
Axalta Launches Spies Hecker Permacron 257
On June 17, Axalta closed at $31.0 and declined ~2.7%. IYM, which held 1.1% in Axalta on June 15, also fell ~1.6% for the week and closed at $102.17.
Cabot Will Expand Its Carbon Black Capacity
On May 21, Cabot (CBT) announced that it will expand the global carbon black capacity by 300,000 metric tons.
PPG Industries Gets Clearance from Pilatus Aircraft
On May 24, PPG Industries’ aerospace segment received clearance for exterior paint systems from Pilatus Aircraft for all of its production aircraft.
Chemours to Raise Its Debt: Good or Bad?
At the end of the first quarter, Chemours’s (CC) debt stood at $4.1 billion. It is now on its way to adding 450 million euros in 4% senior notes.
Why LyondellBasell Could See Higher Adjusted Earnings in 1Q18
LyondellBasell (LYB) is expected to report adjusted earnings per share of $2.74 in 1Q18, a whopping 37% increase on a year-over-year basis.
Why PPG’s Performance Coatings Net Income Margin Contracted
Among the two reporting segments for PPG Industries (PPG), PPG’s Performance Coatings segment contributed the larger share of the company’s overall revenue in 1Q18.
PPG Industries’ Earnings Miss and Accounting Issues
PPG Industries (PPG) announced its 1Q18 earnings before the market opened on April 19. What happened?
What’s RPM International’s Short Interest?
The latest short interest report as of March 15, 2018, indicates that RPM International’s (RPM) short interest has increased since the beginning of 2018.
Analyzing RPM International’s Stock Performance
In a press release on March 15, RPM International said that it will announce its fiscal 3Q18 earnings on April 5, 2018, before the market opens.
RPM International Acquires Miracle Sealants Company
On March 19, 2018, RPM International (RPM) announced that it acquired Miracle Sealants Company.
PPG Industries: Higher Prices for Automotive OEM Coatings
PPG Industries announced that it will increase the prices of some of its coatings products that are supplied to automotive OEM customers.
Axalta Opened a New Color Solutions Center in Frankfurt
On March 22, 2018, Axalta (AXTA) announced that it opened a new color solutions center in Frankfurt, Germany.
Axalta Plans to Expand Its Capacity
On March 5, 2018, Axalta (AXTA) announced that it acquired a manufacturing and distribution facility in Sacramento, California.
Lowe’s Discontinues PPG’s OLYMPIC Brand Paints and Stains
On February 27, 2018, Lowe’s (LOW) announced that it won’t continue to sell PPG Industries’ (PPG) OLYMPIC brand paints and stains in its stores.
PPG Industries’ Aerospace Coating Upgraded to SAE Standard
PPG Industries (PPG) announced that its PPG CA7088 fuel tank coating was upgraded to meet the SAE International’s aerospace specifications.
Sherwin-Williams Sweetened Its Cash Dividend on February 14
Sherwin-Williams (SHW) gained 0.9% and closed at $402.30 for the week ended February 16, 2018.
PPG Industries to Exhibit Its Portfolio at LBM Expo
The global sell-off in the week ended February 9 impacted PPG Industries (PPG). PPG stock fell 2.8% and closed at $112.37 for the week.
GRA to Provide Unipol Process Technology License to Grupa Azoty
GRA stock price gained 1.1% and closed at $74.52 for the week ended January 26, 2018.
What Could Drive LyondellBasell’s Revenue in 4Q17?
LyondellBasell (LYB) is expected to report revenues of $8.8 billion in 4Q17, an increase of 13.3% on a year-over-year basis.
Analysts’ Views Are Mixed following PPG’s 4Q17 Results
Following PPG Industries’ (PPG) 4Q17 earnings, analysts’ consensus has changed compared to their consensus prior to its 4Q17 earnings.
PPG’s Industrial Coatings Segment’s Margins Continue to Contract
PPG Industries’ (PPG) Industrial Coatings segment is its second reporting segment. The segment represented 42.3% of the company’s total revenue in 4Q17 compared to 42.0% in 4Q16.