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.
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.
PPG launches new ads highlighting coatings innovation, sustainability, color leadership
PPG Industries today announced the launch of an updated global corporate marketing campaign aimed at increasing awareness of how the world’s leading coatings and specialty materials company helps its customers in a wide range of markets with coatings innovations, sustainable solutions and color technologies.
PPG to showcase technologies at China Composites Show 2014
PPG Industries will showcase its portfolio of fiber glass products and technologies at the China Composites Expo 2014, Sept. 3-5, along with hosting booth seminars (booth A501, Hall No. 1).
PPG showcases sustainable products at North American International Auto Show
PPG Industries showcased environmentally sustainable coatings and specialty materials at the 2014 North American International Auto Show.
PPG appoints McDonald vice president, fiber glass; Kerr to retire
PPG Industries today announced the appointment of Kevin E. McDonald, as vice president, fiber glass, effective March 1. McDonald is currently PPG general manager, reinforcements, and leader for fiber glass in the Americas and EMEA (Europe, Middle East and Africa). McDonald will succeed Thomas P. Kerr, who will retire effective March 1.
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PPG appoints Astroth fiber glass general manager, Asia Pacific
PPG Industries’ fiber glass business announced today that August A. “Gus” Astroth has been appointed general manager and Asia Pacific leader for the business effective January 1, 2014. Astroth will replace Terry Fry, who is retiring after 41 years of PPG service.