PPG Industries has been underperforming the Nasdaq, but its investors have enjoyed a satisfying 36% return over the past five years. The balance sheet remains intact, even as Corient Private Wealth LLC sold 12,720 shares. There has been a series of transactions, with Twin Tree Management LP purchasing 38,154 shares, and companies such as Sienna Gestion and Swiss National Bank cutting back their position. A highlight is the recognition of
GNE Paint & Supplies Inc. as the 2024 Automotive Refinish Platinum Distributor of the Year. However, the company's
Q4 earnings missed estimates, making PPG's 2024 narrative bittersweet. PPG also sold its architectural coatings US and Canada business to American Industrial Partners. It is focusing on digital transformation, especially in the paint manufacturing industry. Worth mentioning is PPG's inclusion on Barron’s 100 Most Sustainable U.S. Companies list, a second-time feat. Unfortunately, PPG has announced 1,800 job cuts as part of its cost-cutting plan, and it suffered from weak industrial coatings demand. The outlook on the company's stock remains mixed, with some Wall Street analysts bullish while others bearish.
Ppg Industries PPG News Analytics from Sun, 25 Aug 2024 07:00:00 GMT to Sat, 22 Mar 2025 06:34:44 GMT -
Rating 2
- Innovation -4
- Information 6
- Rumor -5
