PPG Industries (PPG) PT Raised to $115 at Deutsche Bank
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PPG to Acquire Coatings Application Services Provider The Crown Group
July 20, 2017 12:55 PM EDTPITTSBURGH--(BUSINESS WIRE)-- PPG (NYSE: PPG) today announced that it has reached a definitive agreement to acquire The Crown Group, a U.S.-based coatings application services business, from High Road Capital Partners and Charter Oak Capital Partners. The transaction is expected to close in the third quarter 2017, subject to customary closing conditions. Financial terms were not disclosed.
Crown, headquartered in Warren, Michigan, is one of the leading component and product finishers in North America. The company applies coatings to customers manufactured parts and assembled products at 11 U.S. sites. Most of Crowns... More
PPG Directors Approve 13-Percent Dividend Increase to 45 Cents Per Share
July 20, 2017 9:39 AM EDTPITTSBURGH--(BUSINESS WIRE)-- The board of directors of PPG (NYSE: PPG) today approved a 5-cents-per-share increase in the companys dividend, declaring a regular quarterly dividend of 45 cents per share, payable Sept. 12 to shareholders of record Aug. 10. PPGs last quarterly dividend increase was 11 percent, in the second quarter of 2016.
This 13-percent increase in our per-share quarterly dividend is a... More
Heminger Joins PPG Board of Directors
July 20, 2017 9:05 AM EDTPITTSBURGH--(BUSINESS WIRE)-- PPG (NYSE: PPG) today announced that Gary R. Heminger, chairman and CEO of Marathon Petroleum Corporation, has been elected to join its board of directors, effective immediately. He will serve on the PPG boards audit committee and its nominating and governance committee.
This Smart News Release features multimedia. View the full release here:... More
PPG Reports Second Quarter 2017 Financial Results
July 20, 2017 6:51 AM EDTNet sales of $3.8 billion, up about 1 percent versus prior year Reported earnings per diluted share from continuing operations of $1.95 Adjusted earnings per diluted share from continuing operations of $1.83, up 6 percent versus prior year including unfavorable impact from foreign currency Initial selling price increases underway to address raw material cost inflation Aggressive cost management; further benefits from 2016 restructuring program Minimum of $3.5 billion of earnings-accretive focused cash deployment targeted in 2017 and 2018 combined
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