Ppg break through! ® is an ideal cabinet paint ultra durable waterborne acrylic enamel with excellent flow and leveling, outstanding early block resistance and very fast dry. To read this article on click here.Antique white ppg1024 2. (PPG) Stock Analysis Report >Ĭlick for Free BASF SE (BASFY) Stock Analysis Report >Ĭlick for Free Kronos Worldwide Inc (KRO) Stock Analysis Report >Ĭlick for Free Chemours Company (The) (CC) Stock Analysis Report > Click to get this free reportĬlick for Free PPG Industries, Inc. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. healthcare costs.Ī bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. Demand could soar from almost nothing to $42 billion by 2025. More Stock News: 8 Companies Verge on Apple-Like Runĭid you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Kronos has expected long-term growth of 5%. You can see the complete list of today’s Zacks #1 Rank stocks here.īASF has expected long-term growth of 8.6%.Ĭhemours has expected long-term growth of 15.5%. All the three stocks sport a Zacks Rank #1 (Strong Buy). Some better-ranked companies in the chemical space include BASF SE BASFY, The Chemours Company CC and Kronos Worldwide Inc KRO. PPG Industries currently carries a Zacks Rank #3 (Hold). Price and Consensus | PPG Industries, Inc. The company’s operating results are also exposed to the cost of raw materials and energy. ![]() It sees moderate growth in emerging economies in 2017. The company also continues to face macroeconomic challenges. PPG Industries is however, exposed to unfavorable currency exchange translation. PPG Industries expects to deploy $2.5–$3.5 billion cash in acquisitions and share repurchases for 20 combined. The company also has an impressive record of returning cash to shareholders through dividends and share buybacks. The restructuring actions are expected to deliver $120–$130 million in annual savings, with $40–$50 million of savings expected to be realized in 2017. ![]() Special emphasis will be put on regions and end-use markets with the weakest business. PPG Industries has announced certain restructuring measures to lower its cost structure globally. PPG Industries is also taking initiatives to expand its business through acquisitions. The company’s strong presence in emerging regions has enabled it to deliver growth to shareholders by tapping opportunities there. The company has a diversified business, both in terms of products offered and geographical presence. The company’s shares have gained around 12.6% over this period, compared with roughly 7.2% gain recorded by the industry. PPG Industries has outperformed the Zacks categorized Chemicals-Diversified industry over the last six months. The deal serves as the final step in divesting PPG’s non-core businesses and will channelize the company’s focus on paints, coatings and specialty materials businesses. It also wrapped up the sale of its North American flat glass business last year.Īccording to the company, this transaction will mark the end of PPG’s history as a manufacturer of fiberglass. PPG Industries completed the sale of its European fiberglass operations to NEG and divested its ownership interests in two Asian fiberglass joint ventures in 2016. ![]() PPG Industries’ remaining fiberglass operations include manufacturing plants in Chester, SC, and Lexington and Shelby, NC and administrative and research-and-development operations in Shelby and in Harmar, PA. Pre-tax proceeds from the divestiture are expected to be around $545 million, subject to closing adjustments. The transaction, which is subject to customary closing conditions, is expected to close in the second half of 2017. PPG Industries PPG declared that it has reached a definitive agreement to sell the remaining fiberglass operations to Nippon Electric Glass Co.
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