PPG Industries (PPG) PT Raised to $115 at Deutsche Bank

PPG Industries (PPG) Appoints Roald Johannsen & Jerome Zamblera to VP Posts in Automotive EMEA Group

July 24, 2017 10:06 AM EDT

PPG (NYSE: PPG) today announced two executive appointments, effective immediately.

Roald Johannsen will become vice president, automotive original equipment manufacturer (OEM) coatings, Europe, Middle East and Africa (EMEA). He will report to Tim Knavish, PPG senior vice president, automotive OEM coatings and Jean-Marie... More

Akzo Nobel faces dilemma over shareholder vote on new CEO

July 21, 2017 7:48 AM EDT

By Bart Meijer and Toby Sterling

AMSTERDAM (Reuters) - The resignation of Akzo Nobel's CEO poses a dilemma for the Dutch paintmaker as a shareholders' meeting to approve his replacement could open the way for a vote on chairman Antony Burgmans, who is under pressure for rejecting a takeover bid.

Thierry Vanlancker was named new chief executive on Wednesday after his predecessor Ton Buechner quit abruptly for health reasons.

Buechner's departure puts the onus on Vanlancker to deliver the higher sales and margins promised when Akzo Nobel fended off

a 26.3 billion euro ($30.62... More

PPG Industries (PPG) to Acquire The Crown Group; Terms Not Disclosed

July 20, 2017 12:57 PM EDT

PPG (NYSE: PPG) today announced that it has reached a definitive agreement to acquire The Crown Group, a U.S.-based coatings application services business, from High Road Capital Partners and Charter Oak Capital Partners. The transaction is expected to close in the third quarter 2017, subject to... More

PPG Industries (PPG) Raises Quarterly Dividend 12.5% to $0.45; 1.6% Yield

July 20, 2017 9:39 AM EDT

PPG Industries (NYSE: PPG) declared a quarterly dividend of $0.45 per share, or $1.8 annualized. This is a 12.5% increase from the prior dividend of $0.40.

The dividend will be payable on September 12, 2017, to stockholders of record on August 10, 2017, with an ex-dividend date of August 8,... More

PPG Industries (PPG) Names Gary Heminger to Board of Directors

July 20, 2017 9:06 AM EDT

PPG (NYSE: PPG) today announced that Gary R. Heminger, chairman and CEO of Marathon Petroleum Corporation, has been elected to join its board of directors, effective immediately. He will serve on the PPG boards audit committee and its nominating and governance committee.

Heminger has been chairman of Marathon Petroleum Corporation since April 2016 and its chief executive officer since July 2011. Marathon Petroleum Corporation is one of the largest independent petroleum product refining, marketing, retail and pipeline... More

UPDATE: PPG Industries (PPG) Misses Q2 EPS by 1c, Miss on Revenues

July 20, 2017 6:53 AM EDT

(Updated - July 20, 2017 6:57 AM EDT)

PPG Industries (NYSE: PPG) reported Q2 EPS of $1.83, $0.01 worse than the analyst estimate of $1.84. Revenue for the quarter came in at $3.8 billion, versus estimates of $3.91 billion.

For earnings history and earnings-related data on PPG Industries (PPG) click here.

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