We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
PPG Industries to Display Advanced Coatings at Vehicle Expo
Read MoreHide Full Article
PPG Industries (PPG - Free Report) will be displaying its entire range of advanced transparent coatings at the SID Vehicle Displays Detroit symposium and expo to be held in Livonia, MI, from Sep 27–28.
PPG Industries will showcase the coatings used on display glass and plastic substances. The company’s representatives at the event will also explain about the anti-smudge (AS), anti-glare (AG), anti-reflective (AR) and low-reflective (LR) coatings it manufactures. These coatings can be mixed into pre-engineered, pre-stacked and pre-packaged coatings solutions for automotive original equipment manufacturers (OEMs) and tier suppliers.
Additionally, PPG Industries will emphasize on its advanced conductive coatings, which include safe-on-substrate (SOS) alcohol-solvent-based coatings, Neptune Z Series water-based conductive paints, polymer thick film (PTF) ink products and thermosetting electrostatic discharge (ESD) coatings.
The symposium and expo, conducted by the Detroit Chapter of the Society for Information Display (“SID”), is visited by global producers of scientific, engineering and automotive products. Over a span of two days, leaders in the field share technical knowledge and technologies for advancement of in-car electronic-display.
Recently, PPG Industries also announced the display of its Duranar and Coraflon coatings range at Construct 2016, to be held in Texas from Sep 8–9. Additionally, the company will address an industry meeting and highlight a range of printed and digital color selectors, and specification tools at the event.
Shares of PPG Industries rose roughly 0.2% to close at $103.77 on Aug 18.
PPG Industries’ adjusted earnings of $1.85 per share for the second quarter of 2016 improved 10.8% year over year. Sales in the quarter were fairly consistent with the prior-year quarter, at $4,064 million. While earnings beat the Zacks Consensus Estimate, sales lagged the same. The bottom line was primarily boosted by the successful commercialization of innovative products, strong business and cost management as well as earnings-accretive cash deployment.
Industrial Coatings segment sales were $1.44 billion, up 2.3% from the prior-year period and more than 4% in local currencies. Total sales volume grew over 3%, with all products witnessing a rise in sales volume. New technology in packaging coatings drove sales volume by mid-high single digits in every region. Net income for the segment was $292 million, up 12.3% year over year.
PPG Industries currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the chemical space include Mitsubishi Chemical Holdings Corporation (MTLHY - Free Report) ,Shin-Etsu Chemical Co. Ltd. (SHECY - Free Report) and Innospec Inc. (IOSP - Free Report) , all sporting a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
PPG Industries to Display Advanced Coatings at Vehicle Expo
PPG Industries (PPG - Free Report) will be displaying its entire range of advanced transparent coatings at the SID Vehicle Displays Detroit symposium and expo to be held in Livonia, MI, from Sep 27–28.
PPG Industries will showcase the coatings used on display glass and plastic substances. The company’s representatives at the event will also explain about the anti-smudge (AS), anti-glare (AG), anti-reflective (AR) and low-reflective (LR) coatings it manufactures. These coatings can be mixed into pre-engineered, pre-stacked and pre-packaged coatings solutions for automotive original equipment manufacturers (OEMs) and tier suppliers.
Additionally, PPG Industries will emphasize on its advanced conductive coatings, which include safe-on-substrate (SOS) alcohol-solvent-based coatings, Neptune Z Series water-based conductive paints, polymer thick film (PTF) ink products and thermosetting electrostatic discharge (ESD) coatings.
The symposium and expo, conducted by the Detroit Chapter of the Society for Information Display (“SID”), is visited by global producers of scientific, engineering and automotive products. Over a span of two days, leaders in the field share technical knowledge and technologies for advancement of in-car electronic-display.
Recently, PPG Industries also announced the display of its Duranar and Coraflon coatings range at Construct 2016, to be held in Texas from Sep 8–9. Additionally, the company will address an industry meeting and highlight a range of printed and digital color selectors, and specification tools at the event.
Shares of PPG Industries rose roughly 0.2% to close at $103.77 on Aug 18.
PPG INDS INC Price
PPG INDS INC Price | PPG INDS INC Quote
PPG Industries’ adjusted earnings of $1.85 per share for the second quarter of 2016 improved 10.8% year over year. Sales in the quarter were fairly consistent with the prior-year quarter, at $4,064 million. While earnings beat the Zacks Consensus Estimate, sales lagged the same. The bottom line was primarily boosted by the successful commercialization of innovative products, strong business and cost management as well as earnings-accretive cash deployment.
Industrial Coatings segment sales were $1.44 billion, up 2.3% from the prior-year period and more than 4% in local currencies. Total sales volume grew over 3%, with all products witnessing a rise in sales volume. New technology in packaging coatings drove sales volume by mid-high single digits in every region. Net income for the segment was $292 million, up 12.3% year over year.
PPG Industries currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the chemical space include Mitsubishi Chemical Holdings Corporation (MTLHY - Free Report) ,Shin-Etsu Chemical Co. Ltd. (SHECY - Free Report) and Innospec Inc. (IOSP - Free Report) , all sporting a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>