Janney Montgomery Scott LLC has divested 5,488 shares of PPG Industries, Inc.. PPG Industries' earnings are expected to grow and the quarterly results will be announced next week. PPG's decision to lay off 1,800 workers in a cost-cutting measures stands out. The company's architectural coatings US and Canada business is being sold to American Industrial Partners following lackluster quarterly profit resulting from an underwhelming demand for industrial coatings. As part of its strategic repositioning, PPG will also offload its manufacturing plants and implement more job cuts globally. The financial market appears to be reacting to these news in mixed ways, with various investment analysts setting expectations about PPG's forthcoming Q1 earnings. In addition, the company has planned a major announcement set for Jan. 30 regarding their full-year 2024 results. Despite PPG shares hitting a 1-year low, the company has expressed commitment to Penn College and focused efforts on reducing costs. Finally, PPG recently completed the expansion of its industrial coatings plant in Vietnam and announced a quarterly dividend of 68 cents per share.
Ppg Industries PPG News Analytics from Thu, 18 Apr 2024 07:00:00 GMT to Sat, 25 Jan 2025 09:32:44 GMT -
Rating -5
- Innovation -4
- Information 7
- Rumor -5
