PPG Industries has been generating mixed reactions from the market players. Following some insider buying and obtaining average recommendations from analysts, the stock has been underperforming compared to its competitors. Despite launching its
first e-coat system in conjunction with Air Tractor and winning the
American Chemistry Council Sustainability Leadership Award, the company missed its Q1 revenue estimates due to lower sales volume. Notably, they considered selling their U.S. and Canada paints business while reviewing their architectural coatings business in these regions. On a positive note,
Kathy L. Fortmann was appointed to the Board. Recent results show that Q1 2024 earnings missed expectations but rose again as the markets gained. Their
Q4 2024 earnings and revenues exceeded predictions. Record Sales and Strong Cash Flow were reported in Q4 and Full-Year 2023. However, concerns still persist about the company's margin cycle turning lower. The company has been recognised as the only paint and coatings manufacturer on
Barron's 100 Most Sustainable U.S. Companies list.
Ppg Industries PPG News Analytics from Thu, 14 Sep 2023 07:00:00 GMT to Fri, 10 May 2024 12:45:13 GMT -
Rating 0
- Innovation 2
- Information 3
- Rumor -4
