PPG chairman notes strategic milestones, record financials at annual meeting
PPG Industries today held its annual meeting of shareholders in Pittsburgh, where Chairman and Chief Executive Officer Charles E. Bunch spoke about the company’s recent strategic progress and record financial performance.
PPG directors increase quarterly dividend and approve 2-for-1 stock split
The board of directors of PPG Industries today declared a regular quarterly dividend of 72 cents per share, payable June 12 to shareholders of record May 11. PPG directors also approved a 2-for-1 split of the company’s common stock for all shareholders of record as of the close of business May 11.
PPG reports record first quarter sales and earnings per share
PPG Industries today reported first quarter 2015 net sales from continuing operations of $3.7 billion, up 1 percent versus the prior year. Net sales in local currencies grew 8 percent year-over-year, including a 7 percent contribution from acquisition-related sales and a 1 percent improvement in sales volume. Unfavorable currency translation reduced year-over-year net sales by 7 percent, or about $260 million.
PPG glass helps Pittsburgh building earn LIVING BUILDING CHALLENGE certification
PPG Industries announced that the Center for Sustainable Landscapes at Phipps Conservatory, Pittsburgh, has become the second building constructed with PPG glass to meet requirements for the LIVING BUILDING CHALLENGE™ (LBC) standard, the world’s most rigorous green design and construction standard.
HOMAX PRO GRADE wall texture products provide quick, invisible wall repairs for array of surfaces
Contractors can now achieve invisible wall repairs in less time than traditional hopper gun repair methods with the HOMAX® line of PRO GRADE® wall textures products for orange peel and knockdown surfaces. Combining the control of a hopper gun and the convenience of an aerosol, Pro Grade wall textures perfectly match a wide range of surfaces. As a result, the aerosol products reduce application time from a traditional two-day hopper gun process to just two hours.
PPG Aerospace solar-control coatings use eggplant-like technology for cooler plane
A new solar-heat-management coating system by PPG Industries’ aerospace business helps keep aircraft passenger cabins cooler. A novel PPG Aerospace solar-heat-management coating system can reduce external aircraft skin temperatures up to 25 degrees F, helping keep interior cabin temperatures cooler by 5 to 7 degrees.
PPG debuts SPECTRACRON polyester urethane mid-gloss black liquid topcoat
PPG Industries’ industrial coatings business has introduced SPECTRACRON® polyester urethane (SPU) coating, a mid-gloss black liquid two-component (2K) topcoat that is engineered specifically to maintain and control color and gloss on metal finishes in changing customer coating-application environments.
PPG foundation supports Geff Grade School programs
Employees of PPG Industries’ industrial coatings manufacturing facility in Mount Vernon, Illinois presented four PPG Industries Foundation checks totaling $4,000 to benefit students at Geff Grade School. Superintendent and Principal Sharon White applied for four separate grants through the PPG Industries Foundation’s Innovative Classroom Grants program.
PPG Platinum Distributor of the Year award presented to BAPS Auto Paints & Supply
PPG Industries' automotive refinish business has named Pennsylvania-based BAPS Auto Paint & Supply the 2014 Platinum Distributor of the Year. The announcement was made during the awards dinner at the annual PPG Platinum Distributor Conference held March 5–8 at the Lowes Royal Pacific Resort in Orlando, Florida.
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OLYMPIC brand by PPG expands RESCUE IT! Resurfacer + Sealant in One line
OLYMPIC® Paint and Stain announced today a new addition to the RESCUE IT!® line with the launch of RESCUE IT! Light Resurfacer + Sealant in One. Designed for use on hairline cracks and unsightly imperfections on lightly-worn wood and concrete surfaces, the RESCUE IT! Light resurfacer helps conceal early signs of wear and tear.