PPG Industries’ (PPG - Free Report) packaging coatings business will be displaying at the Aerosol and Dispensing Forum in New York City from Sep 13−14.
PPG Industries will exhibit its new generation packaging coatings products at the event while an expert from the company will highlight the impact of regulatory changes on the requirements of packaging makers and brand owners for metal packaging coatings.
An expert from PPG Industries, Robyn McMillan, global segment manager, monobloc aerosol and tube coatings, will deliver a presentation on the addition of Bisphenol A (BPA) to the California Proposition 65 list in the U.S., and this regulation change’s effect on the requirements of customers for packaging coatings. McMillan will also discuss the company’s products and technologies which can assist aluminum aerosol and tube packaging manufacturers and brands to abide by the new regulatory requirements.
PPG Industries will also place emphasis on its products’ ability to reduce environmental impact. It will feature coatings with higher solid content and lower volatile organic compound (“VOC”). The product range will include Bisphenol A non-intent internal and external coatings, N Methyl 2 pyrrolidone-free for monobloc internal liners and benzophenone-free ultraviolet-cure (UV-cure) varnishes used on plastic tubes. The company will also be displaying its entire range of Bisphenol A non-intent external basecoats and over-varnishes that provide a full BPA-NI system for monobloc aerosol and bottle can packages.
PPG Industries’ shares fell 4.2% to close at $100.86 last Friday.
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.
The industrial coatings segment’s sales in the second quarter rose 2.3% year over year to $1.44 billion on higher volumes. New technology in packaging coatings drove sales volume by mid-high single digits in every region. Earnings in the segment increased 12.3% year over year to $292 million, largely driven by higher income leverage from growth in sales volume and lower costs from restructuring and manufacturing cost efficiencies as well as acquisition-related income.
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) , Shin-Etsu Chemical Co., Ltd. (SHECY - Free Report) and Innospec Inc. (IOSP - Free Report) , all sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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PPG Industries’ (PPG - Free Report) packaging coatings business will be displaying at the Aerosol and Dispensing Forum in New York City from Sep 13−14.
PPG Industries will exhibit its new generation packaging coatings products at the event while an expert from the company will highlight the impact of regulatory changes on the requirements of packaging makers and brand owners for metal packaging coatings.
An expert from PPG Industries, Robyn McMillan, global segment manager, monobloc aerosol and tube coatings, will deliver a presentation on the addition of Bisphenol A (BPA) to the California Proposition 65 list in the U.S., and this regulation change’s effect on the requirements of customers for packaging coatings. McMillan will also discuss the company’s products and technologies which can assist aluminum aerosol and tube packaging manufacturers and brands to abide by the new regulatory requirements.
PPG Industries will also place emphasis on its products’ ability to reduce environmental impact. It will feature coatings with higher solid content and lower volatile organic compound (“VOC”). The product range will include Bisphenol A non-intent internal and external coatings, N Methyl 2 pyrrolidone-free for monobloc internal liners and benzophenone-free ultraviolet-cure (UV-cure) varnishes used on plastic tubes. The company will also be displaying its entire range of Bisphenol A non-intent external basecoats and over-varnishes that provide a full BPA-NI system for monobloc aerosol and bottle can packages.
PPG Industries’ shares fell 4.2% to close at $100.86 last Friday.
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.
The industrial coatings segment’s sales in the second quarter rose 2.3% year over year to $1.44 billion on higher volumes. New technology in packaging coatings drove sales volume by mid-high single digits in every region. Earnings in the segment increased 12.3% year over year to $292 million, largely driven by higher income leverage from growth in sales volume and lower costs from restructuring and manufacturing cost efficiencies as well as acquisition-related income.
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) , Shin-Etsu Chemical Co., Ltd. (SHECY - Free Report) and Innospec Inc. (IOSP - Free Report) , all sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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