We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
PPG Introduces Spectracron Splash Liquid Coating System
Read MoreHide Full Article
PPG Industries, Inc. (PPG - Free Report) recently introduced PPG Spectracron Splash, a first-of-its-kind two-coat urethane system for composite bathtubs and sinks. The liquid coating offers kitchen and bath manufacturers a high-performance protective finish in colors and gloss ranges that have not yet been brought to the market.
The system is currently available globally in eight standard colors with tailored options, which deviates from the white or off-white industry-standard colors that are largely prevalent.
It is a two-coat process with a wide range of gloss levels spanning from matte to high-luster finishes. Spectracron Splash meets OEM performance specifications for abrasions, wear and durability. It also has noteworthy features like high durability and aesthetics, resistance to stains, water and chemicals. It can withstand intensive scrubbing, which outlives competitors’ finishes.
PPG considers it a breakthrough product for the kitchen and bath market, catering to the latest consumer trends.
PPG’s shares have gained 14.5% over the past year compared to the industry’s 16% rise. The company’s estimated earnings growth rate for the current year is pegged at 18%.
Image Source: Zacks Investment Research
PPG, on its third-quarter call, said that it expects ongoing supply chain disruptions to continue throughout the fourth quarter, with potential additional impacts from the recent industrial production curtailments in China. It forecasts these disruptions to ease modestly in overall quantity and magnitude as the quarter progresses.
It will continue to prioritize further selling price increases and expects price realization to fully offset raw material cost inflation in early 2022.
Moreover, the recovery in the automotive original equipment manufacturer, aerospace and automotive refinish coatings businesses will be a key catalyst in 2022. It will continue to aggressively manage all aspects of its cost structure, the company noted.
PPG also expects net sales volumes to be down 8-10% year over year in the fourth quarter. The company also sees adjusted earnings for the full year to be $6.67-$6.73 per share.
Zacks Rank & Key Picks
PPG currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks from the basic materials space include AdvanSix Inc. (ASIX - Free Report) , Univar Solutions Inc. and Celanese Corporation (CE - Free Report) . While both AdvanSix and Univar sport a Zacks Rank #1 (Strong Buy), Celanese carries Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
AdvanSix has an expected earnings growth rate of 197% for the current year. The Zacks Consensus Estimate for its current-year earnings has been revised 14.1% upward over the past 60 days.
AdvanSix beat the Zacks Consensus Estimate for earnings in the four trailing quarters, with an earnings surprise of 47%, on average. ASIX’s shares have also surged 127.3% over a year.
Univar has an expected earnings growth rate of 55.2% for the current year. The Zacks Consensus Estimate for its current-year earnings has been revised 9% upward over the past 60 days.
Univar beat the Zacks Consensus Estimate for earnings in the four trailing quarters, with an earnings surprise of 24.1%, on average. UNVR’s shares have rallied 50.9% over a year.
Celanese has an expected earnings growth rate of 139.7% for the current year. The Zacks Consensus Estimate for its current-year earnings has been revised 9.1% upward over the last 60 days.
Celanese beat the Zacks Consensus Estimate for earnings in the four trailing quarters and pulled off an earnings surprise of 12.7%, on average. Shares of CE have rallied around 21.1% over a year.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
PPG Introduces Spectracron Splash Liquid Coating System
PPG Industries, Inc. (PPG - Free Report) recently introduced PPG Spectracron Splash, a first-of-its-kind two-coat urethane system for composite bathtubs and sinks. The liquid coating offers kitchen and bath manufacturers a high-performance protective finish in colors and gloss ranges that have not yet been brought to the market.
The system is currently available globally in eight standard colors with tailored options, which deviates from the white or off-white industry-standard colors that are largely prevalent.
It is a two-coat process with a wide range of gloss levels spanning from matte to high-luster finishes. Spectracron Splash meets OEM performance specifications for abrasions, wear and durability. It also has noteworthy features like high durability and aesthetics, resistance to stains, water and chemicals. It can withstand intensive scrubbing, which outlives competitors’ finishes.
PPG considers it a breakthrough product for the kitchen and bath market, catering to the latest consumer trends.
PPG’s shares have gained 14.5% over the past year compared to the industry’s 16% rise. The company’s estimated earnings growth rate for the current year is pegged at 18%.
PPG, on its third-quarter call, said that it expects ongoing supply chain disruptions to continue throughout the fourth quarter, with potential additional impacts from the recent industrial production curtailments in China. It forecasts these disruptions to ease modestly in overall quantity and magnitude as the quarter progresses.
It will continue to prioritize further selling price increases and expects price realization to fully offset raw material cost inflation in early 2022.
Moreover, the recovery in the automotive original equipment manufacturer, aerospace and automotive refinish coatings businesses will be a key catalyst in 2022. It will continue to aggressively manage all aspects of its cost structure, the company noted.
PPG also expects net sales volumes to be down 8-10% year over year in the fourth quarter. The company also sees adjusted earnings for the full year to be $6.67-$6.73 per share.
Zacks Rank & Key Picks
PPG currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks from the basic materials space include AdvanSix Inc. (ASIX - Free Report) , Univar Solutions Inc. and Celanese Corporation (CE - Free Report) . While both AdvanSix and Univar sport a Zacks Rank #1 (Strong Buy), Celanese carries Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
AdvanSix has an expected earnings growth rate of 197% for the current year. The Zacks Consensus Estimate for its current-year earnings has been revised 14.1% upward over the past 60 days.
AdvanSix beat the Zacks Consensus Estimate for earnings in the four trailing quarters, with an earnings surprise of 47%, on average. ASIX’s shares have also surged 127.3% over a year.
Univar has an expected earnings growth rate of 55.2% for the current year. The Zacks Consensus Estimate for its current-year earnings has been revised 9% upward over the past 60 days.
Univar beat the Zacks Consensus Estimate for earnings in the four trailing quarters, with an earnings surprise of 24.1%, on average. UNVR’s shares have rallied 50.9% over a year.
Celanese has an expected earnings growth rate of 139.7% for the current year. The Zacks Consensus Estimate for its current-year earnings has been revised 9.1% upward over the last 60 days.
Celanese beat the Zacks Consensus Estimate for earnings in the four trailing quarters and pulled off an earnings surprise of 12.7%, on average. Shares of CE have rallied around 21.1% over a year.