Back to top

Analyst Blog

Coatings giant PPG Industries Inc.’s (PPG - Analyst Report) ) PPG Pittsburgh Paints brand has launched a new promotional program "Pin It to Win It" to provide opportunities for The Voice Of Color Pinterest users to win paint swatches and stripe cards. The winners of this program can use their rewards for their latest artistic creation.

This new program highlights the fact that the use of paint swatches are no longer limited to the selection of paint color. The paint swatches and stripe cards can also be utilized to design jewelry to wall art to holiday wreaths.

“Pin It to Win It” joins The Voice of Color program on the presumption that every color has an emotional and meaningful side attached with it. PPG Pittsburgh Paints’s promotional program enhances Pinterest users’ interest to find their preferred Do It Yourself (DIY) projects, using stripe cards from The Voice of Color's "Paint Swatches and Stripe Cards" board. They can also repin the image with the voice of color and stripe card promo hash tags.

The “Pin It to Win It” program from PPG Industries is open through the remaining of 2013. The first hundred eligible entrants who are verified to have fulfilled the entry requirements will be rewarded with a package comprising paint chip samples from The Voice of Color.

PPG Industries’ fourth-quarter 2012 adjusted earnings were in line with the Zacks Consensus Estimate while sales beat. Profit rose on the back of the company’s cost-saving measures. PPG Industries witnessed strong growth in its North American automotive OEM coatings business in the quarter

PPG Industries envisions mixed economic trends in 2013 with continued strong growth in North America, improvements in Asia and persistent weakness in Europe. PPG Industries will continue to execute restructuring measures, which are expected to fetch cost savings of $70 million-$80 million this year. Moreover, PPG Industries will continue to implement the appropriate pricing strategy to offset higher input costs.

PPG Industries has a diversified base of products and markets, and looks to grow its businesses strategically along with controlling costs. However, the European market is expected to remain under pressure and raw material inflation and currency headwinds remain concerns for the company.

PPG Industries currently holds a short-term Zacks Rank #3 (Hold).

Other companies in the chemical industry worth considering are Air Products & Chemicals Inc. (APD - Analyst Report), Akzo Nobel NV (AKZOY) and Eastman Chemical Company (EMN - Analyst Report). All of them hold a Zacks Rank #2 (Buy).
 

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
GTT COMMUNI… GTT 11.65 +4.11%
ALLERGAN IN… AGN 161.82 +3.99%
CLAYTON WIL… CWEI 117.06 +3.73%
GREENBRIER… GBX 69.63 +2.37%
RF MICRO DE… RFMD 12.02 +2.04%