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

PPG INDUSTRIES, INC.

(PPG)
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PPG : expands PITTHANE high durability urethane coating line with new low-sheen, low-VOC solution

03/30/2021 | 09:34am EDT

PPG (NYSE: PPG) today announced the launch of PPG PITTHANE® ULTRA LS high-performance polyurethane topcoat, which is formulated for applications in corrosive environments that require low sheen to limit glare and hide surface imperfections.

Used in a two or three-coat system, the new topcoat provides long-lasting protection for applications such as bridges, stadiums, and fuel and water storage tanks while providing minimal reflectivity and excellent aesthetics.

“The PPG PITTHANE coatings family is known for its corrosion resistance and color retention along with its easy application and excellent flow and leveling characteristics,” said Herman Rodriquez, PPG director of demand driving, protective and marine coatings, U.S. and Canada. “PPG PITTHANE ULTRA LS low-sheen topcoat extends these application and performance benefits to facilities located near roadways, where glare can impact drivers, as well as high-impact environments such as stadiums, where a low-gloss finish can make surface imperfections less noticeable.”

For architects and specifiers looking to meet specific performance requirements, PPG PITTHANE ULTRA LS topcoat is tested to stand up to C3, C4 and C5 corrosive environments according to International Organization for Standardization (ISO) 12944:2018 standards. The product is considered suitable for USDA incidental food contact applications and meets Society for Protective Coatings (SSPC) Paint 36 level 3 performance, Master Painters Institute (MPI) 83 requirements and low volatile organic compound (VOC) air quality standards at 240 g/L.

For applicators, PPG PITTHANE ULTRA LS topcoat is easy to mix and apply, provides an unlimited recoat window and can be applied at surface temperatures as low as 20 F or minus 7 C.

PPG PITTHANE ULTRA LS topcoat is available in Canada and the U.S. For more information, visit ppgpmc.com.

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 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.

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

CATEGORY Protective and Marine Coatings


© Business Wire 2021
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Financials (USD)
Sales 2021 15 966 M - -
Net income 2021 1 736 M - -
Net Debt 2021 4 347 M - -
P/E ratio 2021 21,2x
Yield 2021 1,44%
Capitalization 36 483 M 36 483 M -
EV / Sales 2021 2,56x
EV / Sales 2022 2,42x
Nbr of Employees 46 900
Free-Float 40,5%
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Technical analysis trends PPG INDUSTRIES, INC.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 157,50 $
Last Close Price 153,97 $
Spread / Highest target 20,2%
Spread / Average Target 2,29%
Spread / Lowest Target -43,5%
EPS Revisions
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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