Jefferies Reiterates Buy on PPG Industries (PPG) Following In-Line 2Q - PT to $129
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PPG Directors Announce Quarterly Dividend of 40 Cents Per Share
July 21, 2016 10:02 AM EDTPITTSBURGH--(BUSINESS WIRE)-- The board of directors of PPG (NYSE: PPG) today declared a regular quarterly dividend of 40 cents per share, payable Sept. 12 to shareholders of record Aug. 10.
This marks the companys 472nd consecutive dividend payment. PPG has paid uninterrupted annual dividends since 1899.... More
Healey Joins PPG Board of Directors
July 21, 2016 9:41 AM EDTPITTSBURGH--(BUSINESS WIRE)-- PPG (NYSE: PPG) today announced that Melanie Healey, former group president, North America, The Procter & Gamble Company (P&G), has been elected to join its board of directors, effective immediately. She will serve on the PPG boards audit committee and its technology and environment committee.
This Smart News Release features multimedia. View the full release here:... More
Bunch to Retire as PPG Executive Chairman, CEO McGarry Elected to Succeed
July 21, 2016 9:04 AM EDTPITTSBURGH--(BUSINESS WIRE)-- PPG today announced that Charles E. Bunch will retire Sept. 1 as executive chairman of the PPG board of directors after 37 years with the company. PPG President and Chief Executive Officer Michael H. McGarry will become chairman and CEO effective the same day.
This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160721005729/en/
... MorePPG Reaches Agreement with Vitro for Sale of Flat Glass Operations
July 21, 2016 8:29 AM EDTPITTSBURGH--(BUSINESS WIRE)-- PPG (NYSE: PPG) today announced that it has reached a definitive agreement to sell the assets of its flat glass manufacturing and glass coatings operations to Vitro S.A.B. de C.V., a leading producer of flat glass and specialty products. The transaction is expected to close by the end of 2016, subject to customary closing conditions.
Under the terms of the agreement, PPG will divest its entire flat glass manufacturing and glass coatings operations, including production sites located in Fresno, California; Salem, Oregon; Carlisle, Pennsylvania; and Wichita Falls, Texas; four... More
PPG Reports Second Quarter 2016 Financial Results
July 21, 2016 6:51 AM EDTSecond quarter net sales of $4.1 billion and reported earnings per diluted share of $1.37 Second quarter adjusted earnings per diluted share of $1.85, up 11 percent year-over-year despite unfavorable foreign currency translation Fourteenth consecutive quarter of double-digit percentage growth in adjusted earnings per diluted share Second quarter sales increased more than 1 percent in local currencies versus prior year, led by Europe and Asia volume growth and acquisition-related sales Announced sale of European fiber glass business and acquisition of MetoKote Corporation Cash... More
