PPG directors announce quarterly dividend of 40 cents per share
The board of directors of PPG today declared a regular quarterly dividend of 40 cents per share, payable Dec. 12 to shareholders of record Nov. 10.
PPG reports third quarter 2016 financial results
PPG today reported third quarter 2016 net sales of $3.8 billion, up almost 2 percent versus the prior-year figure of $3.7 billion. Sales volumes grew 1.6 percent and acquisition-related sales contributed more than 2 percent, partly offset by a slight decline in selling prices. Unfavorable foreign currency translation impacted net sales by nearly 2 percent, or about $65 million.
PPG debuts SPECTRACRON SPM Series DTM Monocoat
PPG has introduced SPECTRACRON® SPM Series DTM (direct-to-metal) monocoat, a one-component coating that helps prevent corrosion on heavy-duty, transportation, agricultural and construction equipment.
PPG-painted custom builds take major Goodguys awards
A 1967 Chevelle and a 1961 Ford F-100 pickup—both painted with PPG products—earned top honors from the Goodguys Rod & Custom Association last week.
PPG in full color at SEMA Show
PPG is tipping its hat to color through a display of dazzling paint jobs and world-class custom cars, trucks and motorcycles at this year’s SEMA Show, Nov. 1–4 at the Las Vegas Convention Center. The PPG exhibit in booth 24601 will focus on the unbeatable combination of advanced refinish products, custom builders and boundless imagination.
PPG provides update on third quarter 2016 financial results
PPG today announced that the third quarter 2016 reported loss per share from continuing operations is expected to be in the range of 74 cents to 77 cents compared to reported earnings per share from continuing operations of $1.52 in the third quarter 2015. Reported earnings include previously disclosed pension settlement charges that totaled $2.31 per share in third quarter 2016 and 2 cents per diluted share in the previous year. Adjusted earnings from continuing operations for the third quarter 2016 are expected to be in the range of $1.54 to $1.57 per share, compared to $1.54 per diluted share in the prior year’s quarter. Net sales for the third quarter 2016 are expected to be approximately $3.8 billion.
Create the classic farmhouse appeal of the THIS OLD HOUSE 2016 Idea House at Emerson Green with OLYMPIC paint
The OLYMPIC® Paints & Stains brand by PPG today announced its partnership with THIS OLD HOUSE® magazine for the 2016 Idea House at Emerson Green. Olympic paint’s soothing colors mixed with unexpected pops of brighter hues contribute to the charm of this beautifully modern farmhouse.
PPG to highlight new DURASTAR ULTRA-COOL coatings at METALCON 2016
PPG will debut its newly reformulated DURASTAR® ULTRA-COOL® silicone-modified polyester (SMP) coatings and exhibit its flagship line of DURANAR® high-performance coatings during METALCON 2016 at the Baltimore Convention Center, Oct. 26-28. PPG also will host an “Oktoberfest Around the World” celebration at its booth during the event.
PPG acquires naming rights for Pittsburgh Penguins home, to become ‘PPG PAINTS Arena’
PPG today announced that it has reached an agreement with the Pittsburgh Penguins to immediately assume naming rights for Pittsburgh’s multipurpose arena. Previously known as “CONSOL Energy Center,” the facility now will be named “PPG PAINTS Arena.” PPG also becomes the official paint supplier of the Pittsburgh Penguins. Financial terms for the 20-year agreement were not disclosed.
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PPG-painted cars and trucks shine at Shades of the Past
Cars and trucks bearing PPG finishes earned several key awards at the annual Shades of the Past Hot Rod Roundup in Pigeon Forge, Tennessee. Car builders Zach Ingram and Alan Johnson took two of the three prestigious honors in the new Street Rodder Triple Crown of Rodding—consisting of Best Street Machine, Best Street Cruiser and Best Street Rod awards—and Kevin Simmons took the noteworthy Best Finish award, while Dustin Foust and Jason Graham each earned Top 25 honors.