Reports U.S. body shop activity continues to be robust. PPG (NYSE:PPG) yesterday reported net sales of $4.2 billion for the fourth quarter, up 5% in constant currencies driven by higher selling prices. Full year sales were approximately $17.7 billion, aided by 8% organic growth. Net sales were higher by 10% in constant currencies, including selling […]
PPG Announces Leadership Appointments
PPG (NYSE:PPG) announced on Tuesday several leadership appointments, effective immediately. Ram Vadlamannati, currently senior vice president, protective and marine coatings (PMC), and president, PPG EMEA (Europe, Middle East and Africa), will transition to lead a newly created PPG operations organization, while maintaining executive oversight accountability of PPG’s EMEA region. He will report to PPG president […]
PPG Reports Record Third Quarter Sales of $4.5 Billion
Refinish sales at record levels as U.S. body shop activity robust. PPG names Tim Knavish president and chief executive officer. Michael H. McGarry to retire next year. PPG (NYSE:PPG) reported record third quarter net sales of $4.5 billion, up about 8% on a constant currency basis. Overall company sales volumes decreased by about 3% versus […]
PPG Provides Earnings Update, Reports Soft Demand Conditions in Europe and China Expected to Continue Into Fourth Quarter
PPG (NYSE:PPG) on October 10 announced that it expects third quarter 2022 adjusted earnings per diluted share to be between 5% and 7% below the low end of the company’s forecasted range of $1.75 to $2.00 that was previously communicated in July. In comparison to its forecast at the beginning of the third quarter, company […]
August 3 Webinar Details PPG AdjustRite Commercial Estimating System for RVs
PPG (NYSE: PPG) announced that it will conduct a live webinar on August 3 at 12pm to highlight the exclusive benefits of its PPG AdjustRite commercial estimating system for recreational vehicle (RV) repairs. The session will be presented by HD Repair Forum, which is an information source for those involved in collision repair of heavy- […]
PPG Introduces New Color Matching Tools for Global Refinish Industry
PPG (NYSE: PPG) yesterday announced the introduction of PPG VisualizID advanced 3D visualization software and the PPG DigiMatch digital color camera for easier and faster color matching in body shops. The advanced tools are the latest components of the PPG LINQ end-to-end digital solution for the global refinish industry. With the PPG LINQ digital solution, […]
PPG Commits to Setting Science-Based Targets to Reduce Greenhouse Gas Emissions
PPG (NYSE:PPG) today announced that it has committed to setting near-term company-wide emission reductions in line with climate science through the Science Based Target initiative (SBTi), which is an organization that helps companies define their decarbonization strategy and reduce the impacts of climate change. PPG has an existing goal to reduce GHG emissions intensity by […]
PPG CEO Details Inflation’s Impact on Coatings Business in CNBC Interview
In an interview yesterday morning on CNBC embedded below, Michael McGarry, chairman and CEO of paint supplier PPG, detailed the dramatic impact of inflation on its business and how the company plans to counter it. McGarry explained that the company experienced 25% cost inflation in the U.S. during the first quarter. Asked by CNBC […]
PPG Reports First Quarter Net Sales of $4.3 billion
Overall sales up 11% over 2021. Inflation drives raw material costs up 25% year-over-year. PPG (NYSE:PPG) reported April 21 that it had record first quarter net sales of $4.3 billion for the first quarter 2022. The result was 11% higher than the previous year. Sales were up due to higher selling prices (+10%), lower sales […]
PPG Delivers 1,000th MoonWalk Automotive Refinish Mixing System
PPG (NYSE:PPG) announced that it has completed the 1,000th installation of its PPG MoonWalk automated refinish paint mixing system. The installation at Group Perez Rumbao’s facility in Vigo, Spain, was celebrated at a special event attended by representatives of both companies. The PPG MoonWalk system saves labor, reduces waste and transforms the refinish mixing room […]
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