RPM International Inc
Latest RPM International Inc News and Updates
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.
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.
Earnings per Share: What’s Expected from RPM International
RPM International’s adjusted earnings estimates As of December 20, 2017, analysts expect RPM International (RPM) to report adjusted EPS (earnings per share) of $0.59 in fiscal 2Q18—an increase of approximately 13.5% YoY (year-over-year). In fiscal 2Q17, RPM International reported adjusted EPS of $0.59. The projected EPS increase is expected to be driven by positive foreign currency translation […]
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.
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.
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.
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: Analysts’ Recommendations
Among the analysts tracking RPM International, 46% recommended a “buy,” 39% recommended a “hold,” and 15% recommended a “sell.”
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
PPG Industries’ Earnings Miss and Accounting Issues
PPG Industries (PPG) announced its 1Q18 earnings before the market opened on April 19. What happened?
Why RPM’s Industrial Segment Grew in Fiscal 3Q18
RPM International’s (RPM) Industrial segment has been the largest contributor to RPM’s overall revenue, comprising 51.6% of revenue in fiscal 3Q18 and 51.0% in fiscal 3Q17.
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.
RPM International Changes Rust-Oleum Group’s CEO
Edward J. Voorhees III, Rust-Oleum North America’s president, replaced Thomas E. Reed as Rust-Oleum Group’s CEO on March 1, 2018.
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.
PPG Industries Stock Soars as 4Q17 Revenue Beats Estimates
PPG Industries (PPG) announced its 4Q17 earnings before the market opened on January 18, 2018. The company reported revenue of $3.68 billion, a rise of 7.9% year-over-year.
PPG Industries: Short Interest before Its 4Q17 Earnings
As of December 29, PPG Industries’ short interest as a percentage of outstanding shares stood at 2.10%. Its short interest fell from 2.55% as of October 20.
Analysts’ Consensus on RPM International
For RPM International, 54% of the analysts recommended a “buy,” 46% recommended a “hold,” and none of the analysts recommended a “sell.”
RPM International’s Latest Dividend: All the Key Dates
RPM International is set to pay its first dividend for 2018. It’s expected to pay the first quarter dividend on January 31, 2018.
Will RPM International’s Dividend Yield Be Steady?
Since 2014, RPM International’s dividend yield has largely been above 2.0%. Its dividend has been stable due to good growth in the dividend rate.
Can Sherwin-Williams’ Interest Coverage Ratio Find Its Way Back Up?
Sherwin-Williams’ rising debt has resulted in an increase in interest expenses.
Sherwin-Williams’ Debt at All Time High: Should Investors Worry?
At the end of 3Q17, Sherwin-Williams (SHW) debt was at an all-time high of $11.0 billion.
PPG Industries Increases Precipitated Silica Product Prices
On December 19, 2017, PPG Industries (PPG) announced that it’s increasing the prices of sodium silicate and all precipitated silica by up to 6%.
What Could Boost RPM International’s Fiscal 2Q18 Revenue
Analysts’ revenue expectations As of December 20, 2017, analysts expected RPM International (RPM) to report revenue of $1.3 billion in fiscal 2Q18. The expected revenue represents growth of 6.7% year-over-year. In fiscal 2Q17, RPM reported revenue of $1.2 billion. Between 2012 and 2017, RPM’s second-quarter revenue grew at a CAGR (compound annual growth rate) of […]
RPM International Increases Its Quarterly Dividend
On October 5, 2017, RPM International (RPM) announced an increase in its regular quarterly cash dividend of $0.32 per share—a YoY rise of 6.7%.
Have Analysts Changed Their Views on RPM International?
RPM beat analysts’ revenue and earnings expectations, but there are concerns about the contracting margins and the rising raw material prices.
Can RPM International Outperform the Analysts’ Revenue Estimate for Fiscal 1Q18?
As of September 25, 2017, analysts have forecasted that RPM will report revenues of $1.32 billion for fiscal 1Q18, which would be a 5.5% rise over fiscal 1Q17.
Axalta Adds a New Product to Its Internal Pipe Coatings Section
On September 11, Axalta (AXTA) announced that it’s introducing NAP-Gard 7-0015 Tan Internal FBE to its corrosion resistant internal pipe coatings line.
New Economy Product Line Will Be Part of Axalta’s Tufcote Brand
As of September 8, Axalta’s stock price is trading 9.2% below the 100-day moving average price of $31.34, which indicates the prevailing downward trend.
Sherwin-Williams’ Dividend Yield and Dividend Payout
Sherwin-Williams didn’t make any changes to its quarterly dividend rate. As a result, we can expect its fiscal 2017 dividend to be $3.40 per share.
Axalta Introduces New Color to Its Alesta Portfolio
On August 24, 2017, Axalta (AXTA) introduced a new color, RAL 9006, and expanded the portfolio of Alesta AR500 powder coating.
Will Higher Dividends Push PPG Industries’ Dividend Yield?
At the end of 2Q17, PPG’s dividend payout was 24.8%. In the past five years, its EPS has remained volatile due to the fluctuation of PPG’s dividend.
Axalta Acquired Plascoat Systems Limited
On August 14, 2017, Axalta (AXTA) announced that it acquired Plascoat Systems Limited—its fourth acquisition in seven months.
Axalta Adds to China Portfolio with Introduction of Syrox Brand
On August 11, 2017, Axalta (AXTA) introduced its waterborne refinish coating brand, Syrox, in China.
RPM International Is Trading at a Premium Compared to Its Peer
Currently, RPM International is trading at a premium to its peer PPG Industries. RPM International plans to achieve $7.0 billion in revenues by 2020.
Will RPM International Beat Revenue Expectations?
As of July 10, 2017, analysts expect RPM International to post revenues of $1.5 billion—an increase of 5.10% compared to the same quarter last year.
RPM International’s Stock Performance since Fiscal 3Q17
On June 23, 2017, RPM International (RPM) said that it will announce its fiscal 4Q17 earnings on July 24, 2017, before the market opens.
What’s PPG Industries’ Debt Situation?
PPG Industries’ (PPG) debt has remained steady at around $4 billion since 2012.
PPG Industries Signs Deal with Airbus for Sealants Packaging
PPG Industries closed at $110.68, a fall of 0.4% for the week ended June 23, 2017.
Axalta Launches New Architectural-Grade Colors
Axalta stock closed at $31.94 on June 23, 2017, a fall of 5.4%. The decline was primarily driven by AXTA’s new term loans of $1.6 billion.
PPG Industries Expands Coatings Capacity with New Plant in Russia
On June 16, PPG Industries (PPG) announced the completion of its 45-million-euro paint and coatings facility in Russia’s Lipetsk region.
Will Axalta’s New Product Launches Boost Revenue?
Axalta closed at $33.76 on June 16, 2017, with a rise of 0.5% for the week.
Axalta Completed the Acquisition of Spencer Coatings
Axalta (AXTA) announced its move to acquire United Kingdom–based Spencer Coatings in May. Axalta completed the acquisition.
PPG Industries Won’t Attempt to Acquire Akzo Nobel
On June 1, PPG Industries announced that it won’t make another attempt to acquire Akzo Nobel. PPG made three unsuccessful attempts to acquire Akzo Nobel.
Axalta Completed the Acquisition of Valspar’s Business
On June 1, 2017, Axalta (AXTA) announced that it completed the acquisition of Valspar’s (VAL) North American Industrial Wood Coatings business.
PPG Industries Completely Exits Fiberglass Business
On May 26, 2017, PPG Industries (PPG) announced that it has signed a definitive agreement to sell its North American fiberglass business to Nippon Electric Glass.
Axalta to Acquire Spencer Coatings Group
On May 22, 2017, Axalta Coating Systems (AXTA) announced that it has signed an agreement to acquire Spencer Coatings Group, a UK-based coatings company.
Axalta Renews Its 2 Refinish Brands with BMW
On May 17, 2017, Axalta (AXTA) received approval to renew two of its premium refinish brands—Spies Hecker and Standox—used to repair BMW passenger cars.
Why PPG Industries’ Dividend Yield Is in a Downward Trend
PPG has a better current dividend yield than its peers, with the exception of RPM.
Axalta Expands with New Headquarters in India
On May 5, 2017, Axalta closed at $31.21 and fell 0.5% for the week. The iShares US Basic Materials (IYM) outperformed AXTA with a decline of 0.2%.
Opel Signs Deal to Use Axalta’s Premium Brands in Its Body Shops
On April 27, Axalta (AXTA) announced that Opel had agreed to use Axalta’s three global premium refinish brands at all of its dealers and body shops in Belgium and Luxembourg.