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MarketScreener Homepage  >  Equities  >  Nyse  >  PPG Industries, Inc.    PPG

PPG INDUSTRIES, INC.

(PPG)
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PPG Industries : State-of-the-Art Allegiant Stadium Kicks Off With PPG Coatings

10/07/2020 | 11:04am EST

The new structure made its television debut in Prime Time on Monday Night Football

PPG (NYSE:PPG) today announced that, with the debut of Allegiant Stadium on September 21 in prime time and in front of a national television audience on Monday Night Football, most of the venue’s interior, exterior and structural surfaces were finished with PPG paints, coatings and specialty materials.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201007005657/en/

The state-of-the-art Allegiant Stadium (Las Vegas Raiders NFL football stadium) is finished with long-lasting PPG paints, coatings and specialty materials in distinctive black and silver colors. (Photo: Business Wire)

The state-of-the-art Allegiant Stadium (Las Vegas Raiders NFL football stadium) is finished with long-lasting PPG paints, coatings and specialty materials in distinctive black and silver colors. (Photo: Business Wire)

The new stadium is replete with distinctive black and silver colors. PPG provided an extensive roster of easy-to-apply and long-lasting products to protect and enhance the stunning appearance of the venue now situated adjacent to the world-famous Las Vegas Strip.

“It’s been incredible to see a wide range of PPG coatings come together in the design and construction of Allegiant Stadium,” said Bryan Iams, PPG vice president, corporate and government affairs. “We are extremely proud that our paints, coatings and specialty materials have played a central role in the design and construction of this extraordinary facility.

“Our strong partnerships in Las Vegas have enabled our businesses to come together to help protect and beautify Allegiant Stadium,” he added.

PPG products used on the stadium incorporate protective and decorative coatings demanding the company’s full range of expertise in industrial, refinish, protective and marine, and architectural applications.

Based on PPG’s recommendation, PPG AMERCOAT® 68 HS and PPG PSX® 700 coatings was selected for the project, and specified the coatings system in custom-formulated “Black Gold” and “Silver Fox” colors to meet and match the team’s iconic silver and black uniforms.

A three-component zinc-rich epoxy primer, PPG Amercoat 68 HS coatings provide excellent corrosion protection and the ability to be top-coated quickly. As the finish coat, PPG PSX coatings deliver excellent adhesion and outstanding corrosion and chemical resistance, along with long-term gloss and color retention.

PPG also formulated the signature colors in PPG DURANAR® XL coatings for the venue’s glittering curtainwall. Based on PPG’s proprietary 70% polyvinylidene fluoride (PVDF) formulation, the four-layer coating system delivers excellent abrasion and chemical resistance and has the ability to retain its bright color after decades of exposure to Las Vegas’ harsh sunlight.

PPG PAINTS® products used throughout the stadium include PERMA-CRETE® interior/exterior alkali resistant primer and a SPEEDHIDE® interior eggshell latex enamel to complement the stadium’s rich finishes. PITT-GLAZE® WB1 acrylic epoxy coatings maximize protection and service life in high-traffic areas. SEAL-GRIP® alkyd universal primers protect numerous interior and exterior surfaces.

For more information about PPG’s work on Allegiant Stadium, log onto www.ppg.com, connect with PPG on LinkedIn or call 1-800-258-6398.

PPG: WE PROTECT AND BEAUTIFY THE WORLD™

At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and specialty materials that our customers have trusted for 135 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 70 countries and reported net sales of $15.1 billion in 2019. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.

We protect and beautify the world and PPG Paints are trademarks and PSX, Amercoat, Duranar and the PPG Logo are registered trademarks of PPG Industries Ohio, Inc.
Perma-Crete, Speedhide, Pitt-Glaze and Seal Grip are registered trademarks of PPG Architectural Finishes, Inc.

CATEGORY Architectural Coatings -- Americas and Asia Pacific
CATEGORY Industrial Coatings
CATEGORY Protective and Marine Coatings


© Business Wire 2020
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Financials (USD)
Sales 2020 13 646 M - -
Net income 2020 1 210 M - -
Net Debt 2020 2 980 M - -
P/E ratio 2020 29,0x
Yield 2020 1,42%
Capitalization 34 942 M 34 942 M -
EV / Sales 2020 2,78x
EV / Sales 2021 2,54x
Nbr of Employees 47 000
Free-Float 40,4%
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Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 146,29 $
Last Close Price 147,93 $
Spread / Highest target 20,3%
Spread / Average Target -1,11%
Spread / Lowest Target -41,2%
EPS Revisions
Managers
NameTitle
Michael H. McGarry Chairman & Chief Executive Officer
Vincent J. Morales Chief Financial Officer & Senior Vice President
David S. Bem CTO, Vice President-Science & Technology
Christopher R. Caruso Vice President-Information Technology
Hugh M. Grant Independent Director
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