What Are Lowe’s Supply Chain and Inventory Management Policies?
Lowe’s inventory turnover came in at 4.1x in fiscal 2015 compared to 4.9x for Home Depot (HD).
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.
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.
How Praxair’s European Revenue Is Trending
Praxair’s (PX) European segment contributed 14.5% of its total revenue in Q2 2018, compared with 13.5% in Q2 2017.
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.
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.”
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.
Air Products and Chemicals Completes Acquisition of ACP Europe SA
In a press release today, Air Products and Chemicals (APD) announced that it had completed its acquisition of ACP Europe SA.
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’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.
Air Products and Chemicals Signed a New Agreement
On December 19, Air Products and Chemicals (APD) signed an agreement with N.V. Nederlandse Gasunie to supply three nitrogen plants.
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.
Eastman’s Saflex Manufacturing Sites Attain IATF Quality
Eastman Chemical stock fell 6.6% and closed at $77.64 for the week that ending November 23. The stock underperformed FXZ, which fell 3.2%.
PPG Industries Announced a Partnership with Powercast
On November 12, PPG Industries (PPG) announced that it has entered into an agreement with Powercast.
Can APD Keep Up its Upward Revenue Trend?
Air Products and Chemicals (APD) is expected to report revenues of $2.31 billion in the fourth quarter of the fiscal year, which represents a ~4.9% increase from to the fourth quarter of 2017.
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.
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.
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.
Sherwin-Williams: Analysts’ Recommendations
For Sherwin-Williams, 64% of the analysts recommended a “buy,” 36% recommended a “hold,” and none of the analysts recommended a “sell.”
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.
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.
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.
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.
Chemours’s Interest Expense Is Set to Decline
Chemours’s (CC) interest expense has remained steady for the past two years.
Analyst Cut Sherwin-Williams’s Target Price but Stay Positive
Of the 26 analysts covering Sherwin-Williams, 69% recommend “buy,” 31% recommend “hold,” and none recommend “sell.”
IFF Announces Acquisition of Frutarom
On May 7, International Flavors and Fragrances (IFF) announced that it had entered a definitive agreement to acquire Frutarom, a leader in the natural taste, scent, and nutrition markets.
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?
Why Sherwin-Williams’s 1Q18 Revenue Could Be Set to Rise
Sherwin-Williams is expected to report revenue of $4.0 billion in 1Q18, a 43.1% increase from 1Q17’s $2.8 billion.
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.
Why IFF’s Fragrances Segment’s Margin Contracted in 4Q17
IFF’s Fragrances segment contributes the most to its overall revenue. This segment accounted for 53.0% of the company’s revenue in 4Q17.
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’s Performance Coatings Revenue and Margin Improve in 4Q17
Among the two reporting segments of PPG Industries (PPG), PPG’s Performance Coatings segment contributed the larger share of the company’s overall revenue in 4Q17.
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.
Can Praxair Meet Analysts’ Adjusted Earnings Per Share Estimate?
As of January 15, 2018, analysts are expecting Praxair (PX) to report adjusted EPS (earnings per share) of $1.48, an increase of 5.7% on a year-over-year basis.
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.
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%.
Why No Analysts Are Recommending a ‘Sell’ for Sherwin-Williams
About 70% of the analysts covering Sherwin-Williams (SHW) have recommended a “buy” for the stock, and 30% have recommended a “hold.” None of them have recommended a “sell.”
Chemours to Pay a 4Q17 Dividend
On November 7, Chemours (CC) announced that it would pay a dividend in 4Q17. Chemours announced that the dividend rate would be $0.03.
Sherwin-Williams: Wall Street Views and Recommendations
As of October 16, 23 analysts are actively tracking Sherwin-Williams (SHW). Among them, 65% have recommended a “buy,” 35% have recommended a “hold,” and none have recommended a “sell.”
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%.
LyondellBasell Starts Polypropylene Production at Dalian, China
On September 21, 2017, LyondellBasell (LYB) announced that it has started manufacturing polypropylene (or PP) from its production facility in Dalian, China.
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: Why It’s Trading at a Premium
Analysts expect Sherwin-Williams’ fiscal 2018 earnings to be $17.90, which implies 19.20% growth compared to fiscal 2017.
Sherwin-Williams: Most Analysts Recommend a ‘Buy’
For Sherwin-Williams, 61% of the analysts recommended the stock as a “buy,” 35% recommended a “hold,” and 4% recommended a “sell.”
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.
Why PPG Industries Is Trading at a Discount
As of August 25, 2017, PPG Industries’ one-year-forward PE (price-to-earnings) multiple stood at 15.80x.
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.