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PPG Industries to Feature Coatings at Intermodal EXPO 2018

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PPG Industries, Inc. (PPG - Free Report) will showcase its full complement of integrated pretreatment, liquid, powder and electrocoat (e-coat) solutions for rail, trailer and intermodal applications  during Intermodal EXPO 2018, to be held at the Long Beach Convention Center in California from Sep 16-18. The paint giant will highlight its unique position in delivering asset-protection coatings solutions at the event.

The company will feature surface cleaners and zinc-rich and zirconium-based primers products. For the purpose of extending the service life of trailers, trucks and shipping containers, PPG Industries has engineered these products and aims to maximize the performance of its e-coat, liquid and powder coatings.

Additionally, the company will highlight solvent-based PPG Spectracron and PPG aquacron ultra-low-VOC (volatile organic compound) water-based primers and topcoats at the event. Both the products are formulated with alkyd, acrylic, epoxy and urethane resins and are available in a broad range of colors.

PPG Industries will also feature its e-coat solutions that offer exceptional protection against corrosion and ultraviolet (UV) exposure for specialty frames and chassis-related components. Along with this, the company will exhibit PPG Envirocron powder coatings, which is known for their durability, hardness and value. Powder coatings provide exceptional corrosion-and weather-resistance to metal substrates.

Shares of PPG Industries have gained around 5.2% in a year, outperforming the industry’s 0.7% rise.

PPG Industries, during its second-quarter call, said that it does not see any respite from inflationary cost pressure in the third quarter. The company expects to continue its earnings-accretive cash deployment in the second half of the year. It is committed to deploying $2.4 billion of cash on acquisitions and share repurchases in 2018. The company also initiated a restructuring program and expects it to deliver annualized savings of roughly $85 million, once it is fully implemented.

In the second quarter, PPG Industries’ Industrial Coatings segment sales and total sales volumes improved year over year. Acquisition-related sales contributed to the growth.

PPG Industries, Inc. Price and Consensus


PPG Industries, Inc. Price and Consensus | PPG Industries, Inc. Quote


Zacks Rank and Stocks to Consider

PPG Industries currently carries a Zacks Rank #3 (Hold).

Some better-ranked companies in the basic materials space are Huntsman Corporation (HUN - Free Report) , Ingevity Corporation (NGVT - Free Report) and Air Products and Chemicals, Inc. (APD - Free Report) .

Huntsman has an expected long-term earnings growth rate of 8.5% and sports a Zacks Rank #1 (Strong Buy). The company’s shares have gained 2.7% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.

Ingevity has an expected long-term earnings growth rate of 12% and flaunts a Zacks Rank #1. The company’s shares have rallied 68.9% in the past year.

Air Products has an expected long-term earnings growth rate of 16.2% and a Zacks Rank #2 (Buy). The stock has gained 10.8% in a year’s time.

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