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.
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.
PPG announces expanded direct draw roving portfolio at NPE 2015
PPG Industries’ fiber glass business has expanded the TUFROV® long fiber thermoplastic (LFT) roving portfolio with a product providing a combination of processing and performance properties superior to current products in the marketplace. New TUFROV 4589 LFT roving will be featured at NPE 2015: The International Plastics Showcase at the Orange County Convention Center in Orlando, Florida, March 23-27.
PPG appoints McGarry president and chief operating officer
PPG Industries today announced the appointment of Michael H. McGarry, currently chief operating officer, to president and chief operating officer, effective March 1. McGarry became chief operating officer in August 2014.
PPG reports record fourth quarter and full-year net sales and adjusted earnings
PPG Industries today reported fourth quarter 2014 net sales from continuing operations of $3.71 billion, up $207 million, or 6 percent, versus the prior-year figure of $3.5 billion. Net sales in local currencies grew 10 percent year-over-year, with acquisition-related sales contributing about 6 percent and volume growth adding 4 percent. Unfavorable currency translation impacted net sales by 4 percent, or about $130 million.
PPG receives top CAMX 2014 awards for technical papers
Top honors went to Pu Gu, Ph.D., senior research and development associate and Ryan Emerson, Ph.D., group leader for applications development of PPG Industries’ (NYSE:PPG) fiber glass business at CAMX: The Composites and Advanced Materials Expo at the Orange County Convention Center in Orlando, Florida, Oct. 13-16.
PPG highlights solutions for wind power market at China Wind Power 2014
PPG Industries displayed its wind industry solutions during China Wind Power 2014 at the China International Exhibition Center in Beijing, Oct. 22-24. As the only company offering a “one-stop shop” for fiber glass, blade coatings, tower coatings and adhesives, PPG showcased its comprehensive collection of products customized for the Chinese wind power industry for the seventh consecutive year.
PPG reports record third quarter net sales and earnings
PPG Industries today reported third quarter 2014 net sales from continuing operations of $3.94 billion, up $161 million, or 4 percent, versus the prior year. Third quarter 2014 reported net income from continuing operations was $377 million, or $2.70 per diluted share. Third quarter 2014 adjusted net income from continuing operations was $394 million, or $2.82 per diluted share, which excludes asset divestiture gains of $73 million after-tax, or 52 cents per diluted share; and charges of $86 million after-tax, or 61 cents per diluted share for an increase to legacy environmental reserves; acquisition-related costs of $2 million after-tax, or 2 cents per diluted share; and a pension settlement charge of $2 million after-tax, or 1 cent per diluted share.
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PPG announces expanded direct draw roving portfolio at CAMX 2014
PPG Industries’ fiber glass business has expanded the HYBON® direct draw roving portfolio with a product providing a combination of processing and performance properties superior to those of products currently available in the marketplace. New HYBON 2662 direct draw roving will be featured at CAMX: The Composites and Advanced Materials Expo at the Orange County Convention Center in Orlando, Florida, Oct. 13-16, and will be showcased throughout 2015 at target trade shows, expositions and industry events.