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PPG Industries (PPG) to Display Coatings Range at NeoCon 2021
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PPG Industries, Inc. (PPG - Free Report) recently announced that it will showcase three of its powder coatings for the office furniture industry at NeoCon 2021. The event will be hosted between Oct 4 and Oct 6 at The Mart in Chicago, IL.
PPG Industries will display its color-formulation and color-matching expertise along with its excellent range of gloss levels, textures and metallic finishes. The products exhibited at NeoCon will include the PPG Silversan, PPG Envirocron HeatSense and PPG Ergoluxe coatings.
The company stated that as the premier event in the commercial design industry, NeoCon plays a key role in showcasing the trends that will shape the future of furnishings for a variety of environments.
The coatings set to be featured by PPG Industries are developed to meet these trends, offering a range of luxurious colors and finishes as well as benefits that include reclaimable overspray, recycled content and high transfer efficiency, the company noted.
Shares of PPG Industries have rallied 14.3% in the past year compared with a 18.2% rise of the industry.
Image Source: Zacks Investment Research
The company expects sales volumes for the third quarter of 2021 to be $225-$275 million lower than its initial estimated figures. Increasing disruptions in commodity supplies, persistent reductions in customer production mainly due to shortages in semiconductor chips, and logistics and transportation challenges in many regions including the United States, Europe, and China have dealt a blow to the company’s sales volumes.
Raw material inflation for the third quarter is higher by $60-$70 million than the previously-announced figures. Also, Hurricane Ida could inflict additional supply chain woes and the company is continuously monitoring the probable impacts.
PPG Industries currently carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the basic materials space are Nucor Corporation (NUE - Free Report) , The Chemours Company (CC - Free Report) and Methanex Corporation (MEOH - Free Report) .
Nucor has a projected earnings growth rate of around 534.4% for the current year. The company’s shares have surged 106.5% in a year. It currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Chemours has an expected earnings growth rate of around 86.4% for the current year. The company’s shares have gained 34.3% in the past year. It currently carries a Zacks Rank #2 (Buy).
Methanex has an expected earnings growth rate of around 409.3% for the current fiscal. The company’s shares have surged 93.3% in the past year. It currently flaunts a Zacks Rank #1.
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PPG Industries (PPG) to Display Coatings Range at NeoCon 2021
PPG Industries, Inc. (PPG - Free Report) recently announced that it will showcase three of its powder coatings for the office furniture industry at NeoCon 2021. The event will be hosted between Oct 4 and Oct 6 at The Mart in Chicago, IL.
PPG Industries will display its color-formulation and color-matching expertise along with its excellent range of gloss levels, textures and metallic finishes. The products exhibited at NeoCon will include the PPG Silversan, PPG Envirocron HeatSense and PPG Ergoluxe coatings.
The company stated that as the premier event in the commercial design industry, NeoCon plays a key role in showcasing the trends that will shape the future of furnishings for a variety of environments.
The coatings set to be featured by PPG Industries are developed to meet these trends, offering a range of luxurious colors and finishes as well as benefits that include reclaimable overspray, recycled content and high transfer efficiency, the company noted.
Shares of PPG Industries have rallied 14.3% in the past year compared with a 18.2% rise of the industry.
The company expects sales volumes for the third quarter of 2021 to be $225-$275 million lower than its initial estimated figures. Increasing disruptions in commodity supplies, persistent reductions in customer production mainly due to shortages in semiconductor chips, and logistics and transportation challenges in many regions including the United States, Europe, and China have dealt a blow to the company’s sales volumes.
Raw material inflation for the third quarter is higher by $60-$70 million than the previously-announced figures. Also, Hurricane Ida could inflict additional supply chain woes and the company is continuously monitoring the probable impacts.
PPG Industries, Inc. Price and Consensus
PPG Industries, Inc. price-consensus-chart | PPG Industries, Inc. Quote
Zacks Rank & Other Key Picks
PPG Industries currently carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the basic materials space are Nucor Corporation (NUE - Free Report) , The Chemours Company (CC - Free Report) and Methanex Corporation (MEOH - Free Report) .
Nucor has a projected earnings growth rate of around 534.4% for the current year. The company’s shares have surged 106.5% in a year. It currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Chemours has an expected earnings growth rate of around 86.4% for the current year. The company’s shares have gained 34.3% in the past year. It currently carries a Zacks Rank #2 (Buy).
Methanex has an expected earnings growth rate of around 409.3% for the current fiscal. The company’s shares have surged 93.3% in the past year. It currently flaunts a Zacks Rank #1.