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PPG Industries' (PPG) Brands Unveil 2017 Color of the Year
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PPG Industries Inc.’s (PPG - Free Report) Olympic Paints & Stains brand has named soft violet Cloudberry as the Color of the Year for 2017. The color reflects the society’s urge to find a space for itself, away from the constant connectedness, and to create balance by establishing the home as a place to refresh.
Cloudberry is the perfect complement to minimalist style and appeals to individuals who pull back from advertising, social media, the news cycle and other forms of information that throw life off balance and out of harmony. The color is projected as calming to people and enables them to focus on family and professional pursuits without distractions from the outside world.
Moreover, the Glidden paint brand by PPG Industries named Byzantine Blue as the 2017 Color of the Year. Byzantine Blue has the best qualities of blue and gray, and is an appealing color choice for almost any room. It appears to be more gray when paired with dark neutrals; yet it appears more bluish-purple when paired with whites. It has the unique quality to bring out certain hues based on its surroundings and is a perfect shade for all ages. It is also gender-neutral, making it easy to use in the home, irrespective of room type. Byzantine Blue can be included in all elements of home decor in 2017, from walls to furnishings to accessories.
The Pittsburgh Paints & Stains brand of PPG Industries has also unveiled its 2017 Color of the Year, Silverado, which is a deep, mystic purple that blends perfectly with trending gray tones. Subtle neutral-gray tones within Silverado add modern grace and livability. The color can be used in many spaces – children’s rooms, dining rooms or even front doors. When used with neutral finishes and earthly tones, the color promotes wellness and takes on a holistic feel, a sign of its versatility.
Silverado can be incorporated into the home by pairing it with any of the nine other colors in the Pittsburgh Paints & Stains brand 2017 color trends palette. The color fits perfectly in many different environments due to its versatility and neutral nature.
PPG Industries’ shares closed roughly 1.7% higher 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.
PPG Industries is committed toward delivering higher organic growth, including continued commercialization of its innovative, industry-leading coatings technologies. It should also gain from healthy momentum across automotive and aerospace markets, and cost management actions.
However, PPG Industries faces significant currency headwinds and macroeconomic challenges. Some of its end-markets including heavy-duty equipment and marine still remain sluggish. It is also exposed to volatility in raw materials costs.
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' (PPG) Brands Unveil 2017 Color of the Year
PPG Industries Inc.’s (PPG - Free Report) Olympic Paints & Stains brand has named soft violet Cloudberry as the Color of the Year for 2017. The color reflects the society’s urge to find a space for itself, away from the constant connectedness, and to create balance by establishing the home as a place to refresh.
Cloudberry is the perfect complement to minimalist style and appeals to individuals who pull back from advertising, social media, the news cycle and other forms of information that throw life off balance and out of harmony. The color is projected as calming to people and enables them to focus on family and professional pursuits without distractions from the outside world.
Moreover, the Glidden paint brand by PPG Industries named Byzantine Blue as the 2017 Color of the Year. Byzantine Blue has the best qualities of blue and gray, and is an appealing color choice for almost any room. It appears to be more gray when paired with dark neutrals; yet it appears more bluish-purple when paired with whites. It has the unique quality to bring out certain hues based on its surroundings and is a perfect shade for all ages. It is also gender-neutral, making it easy to use in the home, irrespective of room type. Byzantine Blue can be included in all elements of home decor in 2017, from walls to furnishings to accessories.
The Pittsburgh Paints & Stains brand of PPG Industries has also unveiled its 2017 Color of the Year, Silverado, which is a deep, mystic purple that blends perfectly with trending gray tones. Subtle neutral-gray tones within Silverado add modern grace and livability. The color can be used in many spaces – children’s rooms, dining rooms or even front doors. When used with neutral finishes and earthly tones, the color promotes wellness and takes on a holistic feel, a sign of its versatility.
Silverado can be incorporated into the home by pairing it with any of the nine other colors in the Pittsburgh Paints & Stains brand 2017 color trends palette. The color fits perfectly in many different environments due to its versatility and neutral nature.
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PPG Industries’ shares closed roughly 1.7% higher 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.
PPG Industries is committed toward delivering higher organic growth, including continued commercialization of its innovative, industry-leading coatings technologies. It should also gain from healthy momentum across automotive and aerospace markets, and cost management actions.
However, PPG Industries faces significant currency headwinds and macroeconomic challenges. Some of its end-markets including heavy-duty equipment and marine still remain sluggish. It is also exposed to volatility in raw materials costs.
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>>