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PPG to Exhibit New Coatings Technology at Display Week
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PPG Industries (PPG - Free Report) will highlight its full line of printed electronics, conductive coatings and display coatings during Display Week 2017 at the Los Angeles Convention Center from May 21–26. The company also revealed that two PPG experts will host an exhibitor presentation during the event.
The exhibition will focus on the commercialization of spray-applied transparent coatings with easy-to-clean (anti-smudge), anti-fingerprint, anti-glare and anti-reflective functional properties.
At the PPG booth, transparent functional coatings will be featured along with spray-applied coatings for electromagnetic interference (EMI), radio-frequency interference (RFI) and electrostatic discharge (ESD) protection as well as lightning-guard coatings. The company is a supplier of these display coatings for applications in consumer electronics, airplanes, automobiles, and military vehicles and equipment.
PPG Industries’ shares have gained around 7% over the past three months, outperforming the Zacks categorized Chemicals-Diversified industry’s 1.8% gain.
The company has a diversified business, both in terms of products offered and geographical presence. The company’s strong presence in emerging regions has enabled it to deliver growth to shareholders by tapping opportunities there. PPG Industries is also taking initiatives to expand its business through acquisitions.
PPG Industries has announced certain restructuring measures to lower its cost structure globally. Special emphasis will be put on regions and end-use markets with the weakest business. The restructuring actions are expected to deliver $120–$130 million in annual savings, with $40–$50 million of savings expected to be realized in 2017.
The company also has an impressive record of returning cash to shareholders through dividends and share buybacks. PPG Industries expects to deploy $2.5–$3.5 billion cash in acquisitions and share repurchases for 2017 and 2018 combined.
PPG Industries, however, is exposed to unfavorable currency exchange translation. The company also continues to face macroeconomic challenges. It sees moderate growth in emerging economies in 2017. The company’s operating results are also exposed to the cost of raw materials and energy.
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PPG to Exhibit New Coatings Technology at Display Week
PPG Industries (PPG - Free Report) will highlight its full line of printed electronics, conductive coatings and display coatings during Display Week 2017 at the Los Angeles Convention Center from May 21–26. The company also revealed that two PPG experts will host an exhibitor presentation during the event.
The exhibition will focus on the commercialization of spray-applied transparent coatings with easy-to-clean (anti-smudge), anti-fingerprint, anti-glare and anti-reflective functional properties.
At the PPG booth, transparent functional coatings will be featured along with spray-applied coatings for electromagnetic interference (EMI), radio-frequency interference (RFI) and electrostatic discharge (ESD) protection as well as lightning-guard coatings. The company is a supplier of these display coatings for applications in consumer electronics, airplanes, automobiles, and military vehicles and equipment.
PPG Industries’ shares have gained around 7% over the past three months, outperforming the Zacks categorized Chemicals-Diversified industry’s 1.8% gain.
The company has a diversified business, both in terms of products offered and geographical presence. The company’s strong presence in emerging regions has enabled it to deliver growth to shareholders by tapping opportunities there. PPG Industries is also taking initiatives to expand its business through acquisitions.
PPG Industries has announced certain restructuring measures to lower its cost structure globally. Special emphasis will be put on regions and end-use markets with the weakest business. The restructuring actions are expected to deliver $120–$130 million in annual savings, with $40–$50 million of savings expected to be realized in 2017.
The company also has an impressive record of returning cash to shareholders through dividends and share buybacks. PPG Industries expects to deploy $2.5–$3.5 billion cash in acquisitions and share repurchases for 2017 and 2018 combined.
PPG Industries, however, is exposed to unfavorable currency exchange translation. The company also continues to face macroeconomic challenges. It sees moderate growth in emerging economies in 2017. The company’s operating results are also exposed to the cost of raw materials and energy.
PPG Industries, Inc. Price and Consensus
PPG Industries, Inc. Price and Consensus | PPG Industries, Inc. Quote
Zacks Rank & Key Picks
PPG Industries currently carries a Zacks Rank #3 (Hold).
Some better-ranked companies in the chemical space include BASF SE (BASFY - Free Report) , The Chemours Company (CC - Free Report) and Kronos Worldwide Inc (KRO - Free Report) . All the three stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
BASF has expected long-term growth of 8.6%.
Chemours has expected long-term growth of 15.5%.
Kronos has expected long-term growth of 5%.
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market. See these critical buys and sells free >>