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PPG Industries (PPG) Company Profile

Updated Feb 14, 2020
PPG Industries has the following business profile:
Company's Full Name:PPG Industries
Short Name:PPG Industries
Trading Ticker Symbol:PPG
Primary Exchange:NYSE
Headquarter City/Country:Pittsburgh, Pennsylvania
Primary Industry Sector:Basic Industries
Seconday Sub-sector:Paints and Coatings
Main Business Areas: Basic Industries, Paints and Coatings, Basic Materials, Specialty Chemicals
Dividend Payments:Dividend History

Market and Trading Information for PPG Industries

The following details were available for trading and market data about the stock of PPG Industries as of writing:
Current Share Price:$120.15
Previous Year's Closing Price:$133.49
Percentage Price Change (YTD):-9.99%
Market Cap:$28.41 billion
52-week Price Range:$104.44 - $134.36
Dividend Per Share:$1.98
EPS (TTM):5.22
Price-Earnings (Trailing):23.02
Price-Earnings (Forward):16.55

Company Profile and Business Description for PPG Industries

PPG Industries, Inc., incorporated on August 24, 1883, manufactures and distributes a range of coatings and specialty materials. The Company has three segments: Performance Coatings, Industrial Coatings and Glass. The Company's geographical segments include the United States, Canada, Western Europe, Latin America, Central and Eastern Europe, the Middle East, Africa and Asia Pacific. The Company's brands include PPG, GLIDDEN, COMEX, OLYMPIC, DULUX (in Canada), SIKKENS, PPG PITTSBURGH PAINTS, MULCO, FLOOD, LIQUID NAILS, SICO, CIL, RENNER, TAUBMANS, WHITE KNIGHT, BRISTOL, HOMAX, SIGMA, HISTOR, SEIGNEURIE, GUITTET, PEINTURES GAUTHIER, RIPOLIN, JOHNSTONE'S, LEYLAND, PRIMALEX, DEKORAL, TRILAK, PROMINENT PAINTS, GORI and BONDEX.

Performance Coatings

The performance coatings segment comprises the refinish, aerospace, protective and marine, and architectural coatings businesses. The refinish coatings business supplies coatings products for automotive and commercial transport/fleet repair and refurbishing, light industrial coatings and specialty coatings for signs. These products are sold through independent distributors. The aerospace coatings business supplies coatings, sealants and transparencies for commercial, military, regional jet and general aviation aircraft, and transparent armor for specialty applications and provides chemical management services for the aerospace industry.

The Company supplies products to aircraft manufacturers and maintenance and aftermarket customers, both on a direct basis and through a company-owned distribution network. The protective and marine coatings business supplies coatings and finishes for the protection of metals and structures to metal fabricators, heavy duty maintenance contractors and manufacturers of ships, bridges and rail cars. These products are sold through company-owned architectural coatings stores, independent distributors and directly to customers. The architectural coatings-Americas and Asia Pacific business primarily produces coatings used by painting and maintenance contractors and by consumers for decoration and maintenance of residential and commercial building structures.

Industrial Coatings

The industrial coatings segment comprises the automotive original equipment manufacturer (OEM), industrial coatings, packaging coatings, coatings services and specialty coatings and materials businesses. Industrial, automotive OEM, packaging coatings, and specialty coatings and materials products are formulated specifically for the customers' needs and application methods. The industrial and automotive OEM coatings businesses sell directly to a range of manufacturing companies. The Company also supplies adhesives and sealants for the automotive industry and metal pretreatments and related chemicals for industrial and automotive applications. The Company's industrial coatings business produces coatings for appliances, agricultural and construction equipment, consumer electronics, automotive parts and accessories, building products (including residential and commercial construction), transportation vehicles and a range ofother finished products.

The automotive OEM coatings business offers automotive coating technologies, such as cathodic electrocoat, powder clearcoat, compact paint systems and factory-applied spray-in bedliners. The packaging coatings business supplies coatings to a range of manufacturing companies. Packaging coatings are used for the protection, performance and decoration of metal cans, closures, plastic tubes, industrial packaging, and promotional and specialty packaging. The coatings services business applies coatings to customers' manufactured parts and assembled products. It operates on-site coatings services within several customer manufacturing locations, as well as at regional service centers. The primary specialty coatings and materials products are amorphous precipitated silicas for tire, battery separator and other end use markets; TESLIN substrate used in such applications as radio frequency identification (RFID) tags and labels, e-passports, drivers' licenses and identification cards; Organic Light Emitting Diode (OLED) materials for use in displays and lighting, and optical lens materials and photochromic dyes for optical lenses and color-change products.

Glass

The glass segment comprises the North American fiber glass business. The Company's fiber glass markets are commercial and residential construction and the wind energy, energy infrastructure, transportation and electronics industries. Most fiber glass products are sold directly to manufacturing companies. The Company manufactures fiber glass by the continuous-strand process.

The Company competes with Akzo Nobel N.V., Axalta Coating Systems Ltd., BASF Corporation, Benjamin Moore, Hempel A/S, the Jotun Group, Masco Corporation, Materis Paints, Nippon Paint, RPM International Inc, the Sherwin-Williams Company, Valspar Corporation, CPIC Fiberglass, Johns Manville Corporation, Jushi Group, Owens Corning and Taishan Fiberglass.

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Peer / Competitor Companies of Paints and Coatings Sector

Along with PPG Industries, the following other peer (competitor) companies also exist within the same Paints and Coatings - Basic Industries sector whose company profile and dividend history is as follows:

▶ Axalta Coating (AXTA): Axalta Coating Systems Ltd. (Axalta), incorporated on August 24, 2012, is a holding company. The Company is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry. ....See Detailed Company Profile,  Dividend History

▶ Ferro (FOE): Ferro Corporation (Ferro), incorporated on October 13, 1919, produces specialty materials that are sold to a range of manufacturers. The Companys segments include Performance Coatings; Performance Colors and Glass, and ....See Detailed Company Profile,  Dividend History

▶ RPM International (RPM): RPM International Inc., incorporated on July 29, 2002, through its subsidiaries, manufactures, markets and sells various specialty chemical product lines, including specialty paints, protective coatings, roofing systems, sealants and adhesives, ....See Detailed Company Profile,  Dividend History

▶ Valspar (VAL): The Valspar Corporation, incorporated on December 3, 1934, is engaged in developing, manufacturing and distributing a range of coatings, paints and related products. The Company operates through two segments: Coatings ....See Detailed Company Profile,  Dividend History

... See Full List of All Stocks of Paints and Coatings Sector.

Stock List of Other Basic Industries Sub-sectors

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