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PPG Industries Inc.

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PPG Industries’ adjusted earnings and sales for fourth-quarter 2017 beat the respective Zacks Consensus Estimate. PPG Industries is taking steps for growing organically as well as cutting costs. Cost savings from restructuring actions should aid to its margins. The company also remains committed to deploy cash on acquisitions and share repurchases. Acqusitions are expected to meaningfully contribute to its sales in 2018. However, PPG Industries has underperformed the industry it belongs to over the past six months. It is exposed to raw materials cost pressure, which is affecting margins. The company is also expected to face some volume pressure in the first quarter. Moreover, some of its end-markets including marine still remain sluggish.


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