PPG Industries, Inc.


SKU: PPG Category:


PPG Industries managed to exceed analyst expectations in terms of revenue as well as earnings. In the second quarter, PPG achieved sales of $4.9 billion, adjusted diluted profits per share from continuing operations of $2.25, and year-to-date cash creation of roughly $620 million. Despite operating in a volatile global economic climate, these significant financial achievements were accomplished. Industrial output was subdued, reflecting cautious consumer spending in Europe, a slower-than-expected rebound in China, and weaker demand in certain end-use areas in the U.S. Overall, these results were bolstered by strong growth trends in a number of the company’s technology-enabled businesses and premier brands. PPG’s strong posture in these end-use areas resulted in significant second-quarter sales in aerospace, automotive, automotive refinish, PPG Comex, and its protection and marine coatings division. Besides these successful results, they introduced PPG ENVIRO-PRIME EPIC 200R coatings, an electrocoat product line with a lower curing temperature than rival technologies. Customers can benefit from the products’ reduced energy use and CO2 emissions at manufacturing plants. We give PPG Industries, Inc. a ‘Hold’ rating with a revised target price.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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