PPG Industries Inc. (PPG)
PPG Opens Waterborne Automotive Coatings Plant in Thailand
The facility is expected to boost PPG's local production capacity for waterborne basecoats and primers.
PPG Unveils Non-BPA HOBA Coatings for Aluminum Bottles
PPG Hoba coatings are intended for monobloc aerosols, collapsible tubes and aluminum bottles and offer improved interior protection.
PPG Industries Analysts Cut Their Forecasts Following Weak Q4 Earnings
PPG Industries, Inc. PPG reported worse-than-expected fourth-quarter adjusted EPS results and issued FY25 adjusted EPS guidance below estimates, after the closing bell on Thursday.
PPG Industries, Inc. (PPG) Q4 2024 Earnings Call Transcript
PPG Industries, Inc. (NYSE:PPG ) Q4 2024 Earnings Conference Call January 31, 2025 8:00 AM ET Company Participants Alex Lopez - Director, Investor Relations Tim Knavish - Chairman and Chief Executive Officer Vince Morales - Senior Vice President and Chief Financial Officer Conference Call Participants John Roberts - Mizuho Ghansham Panjabi - Baird David Huang - Deutsche Bank Chris Parkinson - Wolfe Research Duffy Fischer - Goldman Sachs Frank Mitsch - Fermium Research Steven Byrne - Bank of America Kevin McCarthy - VRP Michael Sison - Wells Fargo Patrick Cunningham - Citigroup Mike Harrison - Seaport Research Partners Ryan Weis - KeyCorp John McNulty - BMO Capital Markets Steven Haynes - Morgan Stanley Laurent Favre - BNP Paribas Daniel Rizzo - Jefferies Arun Viswanathan - RBC Operator Good morning. My name is Breca, and I will be your conference operator today.
PPG Industries Misses Earnings and Sales Estimates in Q4
Adjusted EPS and total segment EBITDA margins of PPG increase in Q4 due to sales of technology-advantaged products.
PPG Industries (PPG) Reports Q4 Earnings: What Key Metrics Have to Say
The headline numbers for PPG Industries (PPG) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
PPG Industries (PPG) Q4 Earnings and Revenues Lag Estimates
PPG Industries (PPG) came out with quarterly earnings of $1.61 per share, missing the Zacks Consensus Estimate of $1.65 per share. This compares to earnings of $1.53 per share a year ago.
PPG Industries to Post Q4 Earnings: What's in the Offing?
PPG is expected to have benefited from acquisitions, pricing actions and restructuring cost savings in Q4 amid weak demand.
PPG Industries (PPG) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
PPG Industries (PPG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
PPG Industries: Updating 'Buy' For 2025
PPG Industries has underperformed the S&P500 by nearly 50%, but its fundamentals remain solid, with expected annual EPS growth over 5% and record-level adjusted EPS in 3Q24. Despite challenges in automotive and architectural coatings, PPG's aerospace segment shows strong demand, and the company is streamlining operations and buying back shares. PPG trades at under 15x P/E, significantly below its historical average of 20-22x P/E, suggesting potential annualized returns of 14-15% and a price target of $160/share.
PPG price target lowered to $145 from $152 at Evercore ISI
Evercore ISI lowered the firm's price target on PPG to $145 from $152 and keeps an In Line rating on the shares as a new analyst took over coverage of the stock and 10 other chemical names. Dissonance between sputtering industrial demand into year-end and prospects for a "less bad" 2025 has "muddled the forward outlook for chemicals investors" and the firm's sense is further EBITDA and EPS cuts coming to Q1 and FY25 "are needed to clear the deck," the analyst says. However, Evercore suspects the stocks "move sharply higher with signs of improving demand, so begin to position accordingly," the analyst added.
PPG Wraps Up On-site Solar Installation at Caivano Facility
Caivano is a prime example of how PPG ensures its facilities are more sustainable and operationally effective.
