Articles from PPG

PPG (NYSEPPG) today reported financial results for the fourth quarter and full-year 2024.

PPG (NYSEPPG) today announced that it has been recognized by Fortune Magazine on its “World’s Most Admired Companies” list for the 17th year in a row. The list, considered the leading corporate reputation indicator, identifies the largest, best-regarded companies across 51 industries, as voted on by industry peers.

The Board of Directors of PPG (NYSEPPG) today declared a regular quarterly dividend of 68 cents per share, payable March 12 to shareholders of record Feb. 21.

PPG (NYSEPPG) today announced the following details for its fourth-quarter and full-year 2024 earnings release and teleconference call.

PPG (NYSEPPG) today announced that it has donated the PPG LINQ™ digital automotive refinish ecosystem to 15 vocational schools in over 10 countries during the last 15 months. This effort is part of the company’s $2 million commitment through 2025 to invest in workforce development initiatives aimed at addressing the skills shortage and attracting young talent to trade careers, including the automotive refinish industry.

PPG (NYSEPPG) today announced that it has been recognized among the “Best Places to Work in Information Technology (IT) in 2025” by Foundry’s Computerworld. It is PPG’s seventh appearance on the prestigious list, which recognizes organizations that challenge their IT staffs while providing great benefits and compensation.

PPG (NYSEPPG) today announced that it has been named to Newsweek magazine’s America’s Most Responsible Companies list for the fifth consecutive year. The top 2,000 public companies were considered for the 2025 list, which recognizes the 600 most responsible companies in the U.S. PPG ranks no. 110 overall and no. 8 in the Materials and Chemicals industry category.

PPG (NYSEPPG) today announced the completion of an on-site solar installation at its Caivano, Italy facility that will enable progress toward the company’s 2030 greenhouse gas emissions reduction targets.

PPG (NYSEPPG) today announced that it has completed the sale of 100% of its architectural coatings business in the U.S. and Canada at a transaction value of $550 million to American Industrial Partners (AIP), an industrials investor.

PPG (NYSEPPG) today announced that it has been named to Newsweek magazine’s America’s Greenest Companies 2025 list. The list recognizes the top 500 private and public U.S. companies committed to reducing their environmental impact in key areas including greenhouse gas emissions, water management, and waste reduction.

PPG (NYSEPPG) today announced that it has completed the sale of its silicas products business for approximately $310 million in pre-tax proceeds to QEMETICA a Warsaw, Poland-based, privately held manufacturer of soda ash, silicates and other specialty chemicals.

PPG (NYSEPPG) today announced the induction of five new members into its Collegium, an association of longstanding PPG leaders who have made significant technological contributions that support PPG’s growth, innovation, and longevity.

PPG (NYSEPPG) today announced the following leadership changes within industrial coatings, effective Jan. 1, 2025:

PPG (NYSEPPG) today announced several business leadership appointments as it continues to focus on driving and delivering the company’s growth strategy.

PPG (NYSEPPG) today announced that the third year of its New Paint for a New Start initiative, part of the company’s COLORFUL COMMUNITIES® program, transformed 27 schools worldwide during June, July and August 2024. More than 1,600 PPG volunteers and community partners took part in the initiative, dedicating 8,000 hours to transform classrooms and learning spaces for more than 16,200 students and educators.

PPG (NYSEPPG) today announced Brick Red as the GLIDDEN® paint by PPG Spray Paint Color of the Year, a complementary color to the brand’s 2025 Color of the Year, Purple Basil (PPG1046-7). Glidden color experts selected Brick Red, a rich and inviting red, as it radiates energy and leans into the idea of “go big and go bold,” inviting consumers to embrace the transformative power of color.

The Board of Directors of PPG (NYSEPPG) today declared a regular quarterly dividend of 68 cents per share, payable Dec.12 to shareholders of record Nov. 12.

PPG (NYSEPPG), a global leader in paints, coatings, and specialty materials, today announced that it has reached a definitive agreement to sell 100% of its architectural coatings business in the U.S. and Canada at a transaction value of $550 million to American Industrial Partners (AIP), an industrials investor.

PPG (NYSEPPG) today reported financial results for the third quarter 2024.

PPG (NYSEPPG) today announced that it has received the highest “AAA” rating from the Morgan Stanley Capital International (MSCI) ESG ratings assessment. This achievement denotes PPG as a “leader,” listing the company within the top 11% of those in the specialty chemicals category.

PPG (NYSEPPG) today announced that it has signed a strategic agreement with flooring leader Shaw Industries Group, Inc. to offer the PPG FLOORING™ line of resinous flooring products. The products will be available to Shaw’s customers in the commercial property market via its Patcraft® brand. The partnership helps expand the market reach for PPG’s products and adds to Shaw’s expansive portfolio of flooring and surface solutions.

PPG (NYSEPPG) today announced the following details for its third-quarter 2024 earnings release and teleconference call.

PPG (NYSEPPG) today announced that it has won a Caterpillar Supplier Excellence Award 2024 from Caterpillar Inc. NYSE: CATNYSECAT)

PPG (NYSEPPG) today announced its 2025 Color of the Year, Purple Basil (PPG1046-7), a refreshingly bold yet soothing dusty violet hue that represents adaptability in times of change. Also known as Amethyst Shadow and Acai Berry in certain European markets, the shade is part of PPG’s 2025 “Kinetic” global color theme, which includes four distinct color palettes.

PPG (NYSEPPG) today announced that Kevin Braun, currently senior vice president, industrial coatings segment, will become senior vice president, operations, effective October 1, 2024. Braun will succeed Ram Vadlamannati, who announced his intention to retire from PPG after 25 years with the company. Vadlamannati will leave the company at the end of the year. Braun will continue to report to Tim Knavish, PPG chairman and CEO, and serve on PPG’s operating committee. In his new role, Braun will lead the operations organization that includes PPG’s supply chain, operational excellence, manufacturing operations, procurement, and environment, health and safety functions. He will also maintain executive oversight accountability for packaging coatings, and specialty coatings and materials. The automotive OEM and industrial coatings businesses, which remain part of the industrial coatings segment, will transition to report directly to Knavish.

PPG (NYSEPPG) today announced a two-year partnership with the Foundation for Environmental Education (FEE), a leader in promoting environmental education and sustainable development in schools worldwide. PPG will provide a $150,000 community engagement grant to help expand FEE’s programs, which focus on climate change education through UNESCO's Greening Education Partnership (GEP). The partnership is part of PPG’s global commitment to invest $5 million in environmental sustainability education by 2030.

PPG (NYSEPPG) today announced that it was recognized as one of the “World’s Best Companies of 2024” by TIME Magazine. The list ranks the top 1,000 global employers that are forging a path into the future.

PPG (NYSEPPG) today announced the launch of PPG STEELGUARD® 951 epoxy intumescent fire protection coating in the Americas. This innovative product is designed for advanced manufacturing facilities, including semiconductor plants, electric vehicle battery facilities, data centers and other commercial infrastructure. After a successful launch in Europe and the Middle East, PPG Steelguard 951 coating is now available in North and Latin America.

PPG (NYSEPPG) today announced that it has expanded operations in Petaling Jaya, Malaysia to include the production of non-stick coatings for kitchenware, industrial bakeware and low friction applications. The plant now has additional capacity to support growing regional coatings demand as well as increased space dedicated to valuable services for customers, including a state-of-the-art testing laboratory.

PPG (NYSEPPG), a global leader in paints, coatings, and specialty materials, today announced that it has reached a definitive agreement to sell its silicas products business for approximately $310 million in pre-tax proceeds to QEMETICA S.A., a Warsaw, Poland-based, privately held manufacturer of soda ash, silicates and other specialty chemicals. The transaction is expected to close in the fourth quarter of 2024, subject to customary closing conditions. The transaction is the result of PPG’s evaluation of strategic alternatives for the business, which was first announced on January 9, 2024. Morgan Stanley & Co. LLC acted as PPG’s financial advisor and Hogan Lovells served as its legal advisor.

PPG (NYSEPPG) today announced the launch of PPG PITT-THERM® 909 spray-on insulation (SOI) coating. This silicone-based coating is designed for high-heat environments in the oil and gas, chemical, petrochemical and other critical infrastructure industries, where it provides improved safety, asset protection and operational efficiency compared to traditional thermal insulative materials.

PPG (NYSEPPG) today announced that it has received a 2024 Altair Enlighten Award from IT firm Altair Engineering, which honors sustainability and lightweighting advancements in the automotive industry. PPG and Toyota North America earned the runner-up award in the Sustainable Process category for the use of PPG ENVIRO-PRIME® EPIC 200X electrocoat at Toyota’s automotive manufacturing plant in Canada.

PPG (NYSEPPG) today announced the introduction of PPG PRIMERONTM Optimal zinc epoxy powder primer. The patent-pending product is formulated with an optimized amount of zinc, providing better transfer efficiency than standard zinc-rich primers and corrosion protection that meets rigorous ISO C5 corrosivity specifications for use in high humidity and aggressive environments.

PPG (NYSEPPG) today announced energy savings and emission reduction resulting from the use of PPG CORASEAL® 4-Wet Sealer in Stellantis’ light commercial vehicles (LCV) production. PPG Coraseal 4-Wet Sealer cures in just one step, versus up to three steps required for traditional technologies, providing sustainability benefits for automotive OEM paint shops by reducing energy usage and CO₂ emissions.

PPG (NYSEPPG) today announced the launch of the PPG DURANEXT™ portfolio of electron-beam (EB) and ultraviolet (UV) curable backers, primers, basecoats and clearcoats that brings the energy efficiency and high speed of energy curing to metal coil coaters.

PPG (NYSEPPG) today announced its inclusion in the FTSE4Good Index Series for the sixth consecutive year. Created by the global index and data provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong environmental, social and governance (ESG) practices against globally recognized standards.

PPG (NYSEPPG) today announced that it has extended its partnerships with the Indianapolis Motor Speedway (IMS), INDYCAR® and Team Penske through 2029. The agreement also makes PPG the entitlement sponsor of the Brickyard 400 NASCAR® CUP series race, which takes place at the IMS.

PPG (NYSEPPG) today reported financial results for the second quarter 2024.

The Board of Directors of PPG (NYSEPPG) today approved a 3-cents-per-share increase in the company’s dividend, declaring a regular quarterly dividend of 68 cents per share, payable Sept. 12 to shareholders of record Aug. 12.

PPG (NYSEPPG) today announced that it has been recognized as a “Best Place to Work for Disability Inclusion” by the DISABILITY EQUALITY INDEX® for the third consecutive year.

PPG (NYSEPPG) today announced the following details for its second quarter 2024 earnings release and teleconference call.

PPG (NYSEPPG) today announced the launch of the TOMORROW INCLUDED® sustainability marketing concept for its Architectural Coatings (AC) business in Europe, the Middle East and Africa (EMEA). The concept aims to highlight the sustainability advantages of many of PPG’s architectural products and serves as a way to communicate the company’s sustainability story to customers.

PPG (NYSEPPG) today announced that its New Paint for a New Start initiative, part of the company’s COLORFUL COMMUNITIES® program, will complete more than 25 colorful and transformative school and educational space makeovers worldwide by the end of August 2024.

PPG (NYSEPPG) today announced that Alejandro Lopez, currently global finance director for automotive original equipment manufacturer (OEM) coatings, has been named director, investor relations, effective June 1, 2024. Lopez will report to Vince Morales, PPG senior vice president and chief financial officer (CFO). He replaces Jonathan Edwards, who will transition to succeed Lopez as global finance director for automotive OEM coatings, also effective June 1, 2024.

PPG (NYSEPPG) today announced strong progress against its near-term 2030 environmental, social and governance (ESG) targets, including increasing sales from sustainably advantaged solutions and reducing greenhouse gas (GHG) emissions throughout its own operations and the value chain.

PPG (NYSEPPG) today announced it will invest $300 million in advanced manufacturing in North America to support increased demand for paints and coatings in the automotive industry. These investments will commence in 2024 and span a four-year period.

PPG (NYSEPPG) today announced that it has received an American Chemistry Council (ACC) 2024 Sustainability Leadership Award, which recognizes exemplary products, technologies and initiatives that help advance sustainability.

PPG (NYSEPPG) today announced that it has again earned a gold rating in corporate social responsibility from EcoVadis, a leading third-party sustainability ratings platform. PPG ranked higher than 93% of the 130,000 evaluated companies.

PPG (NYSEPPG) today announced the appointment of Pascal Tisseyre as vice president, government affairs, Europe, Middle East and Africa (EMEA), effective immediately. Reporting to Pedro Serret Salvat, president and general counsel, PPG EMEA, Tisseyre will lead the company’s regional government affairs activities, including oversight of public policy, political engagement and related compliance activities.

PPG (NYSEPPG) today announced that Kathy L. Fortmann has been elected to join its board of directors, effective July 17, 2024. Fortmann most recently served from 2021 to 2023 as Chief Executive Officer of ACOMO N.V., a Dutch publicly-listed company focused on conventional and organic niche food products and ingredients for the food and beverage industry. She will serve on the PPG board’s Audit Committee and the Sustainability and Innovation Committee.

PPG (NYSEPPG) today announced that its board of directors has authorized the repurchase of $2.5 billion of outstanding common stock. The authorization is effective immediately, does not expire, and gives management discretion in determining the conditions under which shares may be purchased.

PPG (NYSEPPG) today reported financial results for the first quarter 2024.

PPG (NYSEPPG) today held its annual meeting of shareholders where Tim Knavish, PPG chairman and chief executive officer, highlighted the company’s 2023 record performance.

The Board of Directors of PPG (NYSEPPG) today declared a regular quarterly dividend of 65 cents per share, payable June 12 to shareholders of record May 10.

PPG (NYSEPPG) today announced its inclusion in Newsweek’s list of Most Trustworthy Companies in America 2024 for its high evaluations in customer, investor and employee trust.

PPG (NYSEPPG) today announced it received its second consecutive Gallup Exceptional Workplace Award (GEWA), for its high employee engagement and notable workplace experience. This prestigious award annually recognizes high-performing companies that align their business strategies around employees. PPG received this award for embedding involvement and enthusiasm in its workplace culture to improve each stage of the employee life cycle.

PPG (NYSEPPG) today announced the appointment of Robert Massy as senior vice president and chief human resources officer (CHRO), effective March 18, 2024. Reporting to Tim Knavish, PPG chairman and chief executive officer, Massy will be responsible for leading the company’s global human resources organization. He will be located at PPG’s global headquarters in Pittsburgh and serve as a member of the company’s Operating Committee. Massy will succeed Kevin Walling, who will retire from PPG on April 1, 2024.

PPG (NYSEPPG) today announced the following details for its first-quarter 2024 earnings release and teleconference call.

PPG (NYSEPPG) today announced that Lyndee Brassieur, currently global director, industrial segment operations, specialty coatings and materials (SCM), has been named vice president, environment, health and safety (EHS), effective April 1, 2024. She will report to Ram Vadlamannati, senior vice president, operations. Brassieur succeeds Mark Cancilla, who retired from PPG, effective March 1, 2024.

PPG (NYSEPPG) today announced that its U.S. woodcare brands, OLYMPIC® Stains by PPG and PITTSBURGH PAINTS & STAINS® products, have named Black Walnut as the 2024 Stain Color of the Year. Black Walnut exhibits historic design elegance and approachable warmth, allowing it to support contemporary exteriors with a timeless finish.

PPG (NYSEPPG) today announced that it has recognized Tasco Auto Color of Houston, Texas as its Automotive Refinish 2023 Platinum Distributor of the Year. The award recognizes distributors with exceptional service, loyalty, product knowledge and support as part of the PPG PLATINUM DISTRIBUTOR™ program. It is the third time Tasco Auto Color has received the award.

PPG (NYSEPPG) today announced the expansion of its SPEEDHIDE® professional paint line by PPG with the addition of SPEEDHIDE MAX™ paint. This zero VOC* product boasts MASTER PAINTERS INSTITUTE™ (MPI™) certification for high-performance durability for professional painters and their customers.

PPG (NYSEPPG) today announced that it will be the primary sponsor for the Team Penske No. 2 Chevrolet in six races throughout the 2024 NTT® INDYCAR® SERIES. This marks the start of PPG’s fifth decade of partnership with Team Penske.

PPG (NYSEPPG) today announced that it has been recognized on Barron’s 100 Most Sustainable Companies list, ranking No. 43 out of the 1,000 largest publicly traded companies in the U.S. for its performance across environmental, social and governance (ESG) indicators.

PPG (NYSEPPG), a global leader in paints, coatings, and specialty materials, today announced that it has engaged Goldman Sachs & Co. LLC as financial advisor to assist in a review of strategic alternatives for its architectural coatings business in the U.S. and Canada.

PPG (NYSEPPG) today announced that it was named to the 2024 Corporate Knights Clean200 list as the leading paints, coatings and specialty materials manufacturer. The company earned the top spot by having a strong percent of 2022 sales from sustainable products, as defined by Corporate Knights.

PPG (NYSEPPG) and the PPG Foundation today announced that they invested more than $17.5 million worldwide in 2023, an increase of $1.3 million over 2022. The funding supports more than 450 community partners and programs that are focused on advancing education and delivering community sustainability while encouraging PPG employee volunteerism.

PPG (NYSEPPG) today announced that it has been recognized by JUST Capital for the sixth consecutive year in its 2024 list of America’s Most JUST Companies. The annual list ranks the performance of the largest publicly traded U.S.-based companies in five categories: environmental impact, community support, customer treatment, worker investment, and shareholder and governance prioritization.

PPG (NYSEPPG) today announced that it has extended its sponsorship of the Tasca Racing team for the 2024 season. The eye-catching PPG Nitro Funny Car will be on the track for three NATIONAL HOT ROD ASSOCIATION® (NHRA®) Mission Foods Drag Racing Series races, starting with the season opener at Gainesville Raceway in Florida this March.

PPG (NYSEPPG) today announced it was recognized by Fortune Magazine on its World’s Most Admired Companies® List for the 16th year in a row. The list, considered to be the ultimate corporate reputation ranking system, identifies the largest, best-regarded companies across 52 industries, as voted on by industry peers.

PPG (NYSEPPG) today announced that Irene Tasi, currently senior vice president and chief growth officer (CGO), will become senior vice president, industrial coatings. In addition, Alisha Bellezza, currently vice president, automotive coatings, will become senior vice president, automotive coatings. Both appointments are effective March 1, 2024.

PPG (NYSEPPG) today announced the completion of a COLORFUL COMMUNITIES® project in collaboration with Heart of America to revitalize the Boys & Girls Clubs of Broward County Nan Knox Unit in Fort Lauderdale, Fla. The project brought together more than 115 of PPG’s top global leaders, who spent a portion of their annual global leadership meeting repainting the Club’s aviation learning center, art and computer rooms and media center.

PPG (NYSEPPG) today announced that Stephen F. Angel, 68, has informed the board of directors of his decision to retire from the PPG board, effective at the conclusion of the Board’s February 15, 2024 meeting.

PPG (NYSEPPG) today reported financial results for the fourth quarter 2023.

The Board of Directors of PPG (NYSEPPG) today declared a regular quarterly dividend of 65 cents per share, payable March 12 to shareholders of record Feb. 16.