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PPG Industries to Display Coatings at Intermodal Expo
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PPG Industries (PPG - Free Report) is set to display its transportation coatings at Intermodal Expo 2016, to be held in Houston, from Sep 18−20. The company will showcase coatings designed for trailers and intermodal applications.
PPG Industries will display a range of products at the event. Its solvent-based Spectracron and water-based Aquacron, with ultra-low-volatile organic compounds, primers and top coats, which can be purchased in acrylic, alkyd, epoxy and urethane formulations, will be featured alongside Powercron electrocoats, which safeguard against corrosion and ultraviolet exposure for specialty frames and chassis-related components.
The company will also be exhibiting its Envirocron range powder coatings used for sustainability with resistance against corrosion as well as pretreatment products that are compatible with the other lines, to help extend the service life of trucks, shipping containers as well as trailers.
PPG Industries will display its capabilities in providing protection to practically any surface of these transportation components. Moreover, it is keen to showcase its ability to provide supply coating solutions for original equipment manufacturers (OEMs) and tier providers globally via a network of production facilities, research and development labs, and client support centers. The company’s national account manager, Thomas McAfee, will also emphasize on the integrated asset-protection solutions the company can provide to shippers, carriers and logistics organizations as well as OEMs.
The event, held annually, is sponsored by the Intermodal Association of North America (“IANA”), to exhibit new products and services available in the industry. Industry leaders are also given an opportunity to address the global challenges being encountered. Participants comprise ocean haulers, motor carriers and drayage corporations, equipment producers and leasing companies, technology vendors, beneficial cargo owners as well as shippers.
Shares of PPG Industries rose around 1.7% to close at $107.60 on Aug 29.
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.
PPG Industries is committed toward delivering higher organic growth, including continued commercialization of its innovative, industry-leading coatings technologies. The reported quarter saw increased growth in Europe, Asia and Latin America. The company anticipates overall volume growth in the third quarter as it will start receiving benefits of growth initiatives undertaken in the past.
PPG Industries currently carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the chemical space include Mitsubishi Chemical Holdings Corporation (MTLHY - Free Report) , Stepan Company (SCL - Free Report) and Innospec Inc. (IOSP - Free Report) , all sporting a Zacks Rank #1 (Strong Buy).
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PPG Industries to Display Coatings at Intermodal Expo
PPG Industries (PPG - Free Report) is set to display its transportation coatings at Intermodal Expo 2016, to be held in Houston, from Sep 18−20. The company will showcase coatings designed for trailers and intermodal applications.
PPG Industries will display a range of products at the event. Its solvent-based Spectracron and water-based Aquacron, with ultra-low-volatile organic compounds, primers and top coats, which can be purchased in acrylic, alkyd, epoxy and urethane formulations, will be featured alongside Powercron electrocoats, which safeguard against corrosion and ultraviolet exposure for specialty frames and chassis-related components.
The company will also be exhibiting its Envirocron range powder coatings used for sustainability with resistance against corrosion as well as pretreatment products that are compatible with the other lines, to help extend the service life of trucks, shipping containers as well as trailers.
PPG Industries will display its capabilities in providing protection to practically any surface of these transportation components. Moreover, it is keen to showcase its ability to provide supply coating solutions for original equipment manufacturers (OEMs) and tier providers globally via a network of production facilities, research and development labs, and client support centers. The company’s national account manager, Thomas McAfee, will also emphasize on the integrated asset-protection solutions the company can provide to shippers, carriers and logistics organizations as well as OEMs.
The event, held annually, is sponsored by the Intermodal Association of North America (“IANA”), to exhibit new products and services available in the industry. Industry leaders are also given an opportunity to address the global challenges being encountered. Participants comprise ocean haulers, motor carriers and drayage corporations, equipment producers and leasing companies, technology vendors, beneficial cargo owners as well as shippers.
PPG INDS INC Price
PPG INDS INC Price | PPG INDS INC Quote
Shares of PPG Industries rose around 1.7% to close at $107.60 on Aug 29.
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.
PPG Industries is committed toward delivering higher organic growth, including continued commercialization of its innovative, industry-leading coatings technologies. The reported quarter saw increased growth in Europe, Asia and Latin America. The company anticipates overall volume growth in the third quarter as it will start receiving benefits of growth initiatives undertaken in the past.
PPG Industries currently carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the chemical space include Mitsubishi Chemical Holdings Corporation (MTLHY - Free Report) , Stepan Company (SCL - Free Report) and Innospec Inc. (IOSP - Free Report) , all sporting a Zacks Rank #1 (Strong Buy).
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>