PPG reports third quarter sales and earnings
PPG Industries today reported third quarter 2015 net sales from continuing operations of $3.87 billion, versus the prior-year figure of $3.94 billion. Net sales in local currencies increased by 6 percent, or approximately $250 million, year-over-year, which included a 7 percent contribution from acquisition-related sales offset by lower sales volume of less than 1 percent. Unfavorable foreign currency translation reduced year-over-year net sales by about 8 percent, or about $310 million.
PPG fiber glass researcher recognized by peers with Best Paper Award
PPG Industries' fiber glass business announced that Dr. Jacob Anderson, PPG senior research and development engineer, has been named a winner of the Dr. Jackie Rehkopf Best Paper Award for the Society of Plastics Engineers 15th annual SPE® Automotive Composites Conference & Exhibition (ACCE). Anderson's paper received the third-highest average rating by conference peer reviewers in a field of 70 contenders and will be honored for excellence in technical writing during SPE ACCE opening ceremonies.
PPG announces expanded direct draw roving portfolio at CAMX 2015
PPG Industries’ fiber glass business has expanded the direct draw roving portfolio with APE-free products that offer a combination of hydrolysis-resistance and strength-retention properties. These new products will be featured at CAMX: The Composites and Advanced Materials Expo at the Dallas Convention Center in Texas, Oct. 26-29, and they will be showcased throughout 2016 at trade shows, expositions and other industry events.
McGarry elected PPG president and CEO
PPG Industries today announced Michael H. McGarry will become President and CEO, effective Sept.1, 2015. McGarry will join the company’s Board of Directors immediately.
PPG reports record second quarter net sales and earnings per share
PPG Industries today reported record second quarter 2015 net sales from continuing operations of $4.1 billion, up $18 million, or about 1 percent, versus the prior-year figure of $4.08 billion. Net sales in local currencies increased by 8 percent, or approximately $340 million, year-over-year, which included a 7 percent contribution from acquisition-related sales and a 1 percent improvement in sales volume. Unfavorable foreign currency translation reduced year-over-year net sales by more than 7 percent, or nearly $320 million.
PPG honors nine excellent suppliers
PPG Industries has announced nine Excellent Supplier Award recipients for superior performance in 2014. The company’s criteria for Excellent Supplier Awards include quality, commercial value, delivery, documentation, innovation, responsiveness, sustainability and participation in PPG's Supplier Added Value Effort ($AVE) program.
Shelby High School physics students visit PPG Science and Technology Center
PPG Industries’ fiber glass business recently invited the advanced physics class from Shelby High School to visit and tour its Science and Technology Center adjacent to its manufacturing facility just outside Shelby, North Carolina.
PPG reports growth in sustainable product sales, progress on sustainability goals
PPG Industries today announced its progress toward achieving its 2020 sustainability goals, which are outlined in the company’s 2014 Corporate Sustainability Report that launched today and is now available at www.ppg.com/csr.
PPG directors increase quarterly dividend and approve 2-for-1 stock split
The board of directors of PPG Industries today declared a regular quarterly dividend of 72 cents per share, payable June 12 to shareholders of record May 11. PPG directors also approved a 2-for-1 split of the company’s common stock for all shareholders of record as of the close of business May 11.
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PPG reports record first quarter sales and earnings per share
PPG Industries today reported first quarter 2015 net sales from continuing operations of $3.7 billion, up 1 percent versus the prior year. Net sales in local currencies grew 8 percent year-over-year, including a 7 percent contribution from acquisition-related sales and a 1 percent improvement in sales volume. Unfavorable currency translation reduced year-over-year net sales by 7 percent, or about $260 million.