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

PPG INDUSTRIES, INC.

(PPG)
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PPG Industries : honors Ideal Distributors with automotive refinish Platinum Distributor of the Year award

04/01/2021 | 10:10am EDT

STRONGSVILLE, Ohio, April 1, 2021 - PPG (NYSE:PPG) today announced that it has honored Ideal Distributors of St. George, Utah, as its automotive refinish 2020 Platinum Distributor of the Year. The annual award recognizes the distributor that demonstrates outstanding performance, loyalty, product knowledge, customer service and support.

Chris Dewes, PPG director, platinum distribution programs, automotive refinish, U.S. and Canada, recently met virtually with members of Ideal Distributor's leadership team to present the award. Ray Odette, owner and president, Ideal Distributors, accepted the honor on behalf of the company.

'Receiving the PPG Platinum Distributor of the Year award is a major accomplishment, and it's truly an honor to present the trophy to such a deserving company,' said Dewes. 'For nearly 25 years, Ideal Distributors has demonstrated the key qualities that exemplify the spirit of the PPG PLATINUM DISTRIBUTOR™ program - exceptional performance, extensive knowledge of PPG products and an unwavering commitment to serve and support its customers.'

'We are greatly honored and humbled to receive this monumental award,' said Odette. 'This takes on special significance considering the uncertain and unpredictable business climate of 2020. We are an independent, family-owned business that places great value on building customer relationships. For a long-time partner like PPG to recognize us in this capacity is very gratifying.'

Ideal Distributors opened in 1974 and has been a member of the PPG Platinum Distributor program since 1996. With branch locations in St. George, Utah, Cedar City, Utah, and Denver, Colorado, the locally owned and operated company specializes in automotive paint and supplies. The company's success can be attributed to a business model that focuses on providing customers with industry-leading products and the highest possible level of service and technical support.

The PPG Platinum Distributor program began as a loyalty and support initiative for PPG single-line distributors, with the ultimate goal of providing exceptional service and benefits for PPG automotive refinish customers. The program delivers competitive advantages to participants by aligning the technology, training and customer support of PPG with the entrepreneurship, customer awareness, local market knowledge and service capability of independent distributors.

To learn more about PPG automotive refinish and the PPG Platinum Distributor program, call 800-647-6050 or visit ppgrefinish.com.

PPG: WE PROTECT AND BEAUTIFY THE WORLD®

At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and materials that our customers have trusted for more than 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 $13.8 billion in 2020. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.

The PPG Logo and We protect and beautify the world are registered trademarks, and PPG Platinum Distributor is a trademark of PPG Industries Ohio, Inc.

© 2021 PPG Industries, Inc. All rights reserved.

Disclaimer

PPG Industries Inc. published this content on 01 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 April 2021 14:09:06 UTC.


© Publicnow 2021
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Financials (USD)
Sales 2021 15 887 M - -
Net income 2021 1 639 M - -
Net Debt 2021 4 625 M - -
P/E ratio 2021 22,0x
Yield 2021 1,48%
Capitalization 35 653 M 35 653 M -
EV / Sales 2021 2,54x
EV / Sales 2022 2,39x
Nbr of Employees 46 900
Free-Float 40,5%
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 156,95 $
Last Close Price 150,47 $
Spread / Highest target 22,9%
Spread / Average Target 4,31%
Spread / Lowest Target -42,2%
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Managers and Directors
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
Bhaskar Ramachandran Chief Information Officer & Vice President
Robert King VP-Global Operations, Industrial Segment
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