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PPG Industries to Showcase Aerospace Products and Services
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PPG Industries (PPG - Free Report) will feature its latest aerospace products and services at the Avalon 2017 Australian International Airshow and Aerospace & Defence Exposition in Geelong, Australia. PPG’s aerospace business provides a variety of products such as coatings, sealants, transparencies, packaging and application systems, and transparent armor, as well as chemical management services.
The products to be featured include Desoto and Deft aerospace coatings, such as Desothane high-performance coatings systems that offer long-lasting, high-gloss and color-rich finishes to aircrafts.
The company will also exhibit PRC and Pro-Seal aerospace sealants that offer commercial, general aviation and military aircraft manufacturers as well as maintenance, repair and overhaul shops rapid cure to lessen application cycle time and facilitate cost savings.
Moreover, PPG will showcase Semco packaging and application systems that are used for complete automatic mixing of filled Semkit packages to minimize operator setup, reduce fatigue of workers, and ensure more thorough and consistent mixing.
The company’s aircraft transparencies that include an A320 Airbus right-hand sliding side window, a Textron Scorpion forward canopy and an F-18 canopy, will also be featured at the event.
PPG Industries has underperformed the Zacks categorized Chemicals-Diversified industry over the past three months, hurt by weak growth in global demand for its products amid a difficult global operating environment. The company’s shares have increased around 4.6% over this period compared with roughly 10% gain recorded by the industry.
PPG Industries has a diversified business, both in terms of products offered and geographical presence. The company’s strong presence in emerging regions has enabled it to deliver growth to shareholders by tapping opportunities there. PPG Industries is also taking initiatives to expand its business through acquisitions.
The company has announced certain restructuring measures to lower its cost structure globally. Special emphasis will be put on regions and end-use markets with the weakest business. 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.
Further, it also has an impressive record of returning cash to shareholders through dividends and share buybacks. The company returned nearly $1.5 billion to its shareholders in the form of dividend and share repurchases in 2016. The company also raised its quarterly dividend by 11% in 2016. PPG Industries anticipates deploying $2.5–$3.5 billion cash in acquisitions and share repurchases for 2017 and 2018 combined.
PPG Industries is however, exposed to unfavorable currency exchange translation, especially in the emerging markets. The company also continues to face macroeconomic challenges and witnesses uneven growth in emerging economies in 2017. It is also exposed to volatility in raw materials and energy costs.
PPG Industries currently carries a Zacks Rank #3 (Hold).
Key Picks
Better-ranked companies in the chemical space include The Chemours Company (CC - Free Report) , Methanex Corporation (MEOH - Free Report) and Albermale Corporation (ALB - Free Report) .
Methanex has expected long-term growth of 15% and also flaunts a Zacks Rank #1.
Albemarle has expected long-term growth of 10% and carries a Zacks Rank #2 (Buy).
A Full-Blown Technological Breakthrough in the Making
Zacks’ Aggressive Growth Strategist Brian Bolan explores autonomous cars in our latest Special Report, Driverless Cars: Your Roadmap to Mega-Profits Today. In addition to who will be selling them and how the auto industry will be impacted, Brian reveals 8 stocks with tremendous gain potential to feed off this phenomenon.Click to see the stocks right now >>
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PPG Industries to Showcase Aerospace Products and Services
PPG Industries (PPG - Free Report) will feature its latest aerospace products and services at the Avalon 2017 Australian International Airshow and Aerospace & Defence Exposition in Geelong, Australia. PPG’s aerospace business provides a variety of products such as coatings, sealants, transparencies, packaging and application systems, and transparent armor, as well as chemical management services.
The products to be featured include Desoto and Deft aerospace coatings, such as Desothane high-performance coatings systems that offer long-lasting, high-gloss and color-rich finishes to aircrafts.
The company will also exhibit PRC and Pro-Seal aerospace sealants that offer commercial, general aviation and military aircraft manufacturers as well as maintenance, repair and overhaul shops rapid cure to lessen application cycle time and facilitate cost savings.
Moreover, PPG will showcase Semco packaging and application systems that are used for complete automatic mixing of filled Semkit packages to minimize operator setup, reduce fatigue of workers, and ensure more thorough and consistent mixing.
The company’s aircraft transparencies that include an A320 Airbus right-hand sliding side window, a Textron Scorpion forward canopy and an F-18 canopy, will also be featured at the event.
PPG Industries has underperformed the Zacks categorized Chemicals-Diversified industry over the past three months, hurt by weak growth in global demand for its products amid a difficult global operating environment. The company’s shares have increased around 4.6% over this period compared with roughly 10% gain recorded by the industry.
PPG Industries has a diversified business, both in terms of products offered and geographical presence. The company’s strong presence in emerging regions has enabled it to deliver growth to shareholders by tapping opportunities there. PPG Industries is also taking initiatives to expand its business through acquisitions.
The company has announced certain restructuring measures to lower its cost structure globally. Special emphasis will be put on regions and end-use markets with the weakest business. 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.
Further, it also has an impressive record of returning cash to shareholders through dividends and share buybacks. The company returned nearly $1.5 billion to its shareholders in the form of dividend and share repurchases in 2016. The company also raised its quarterly dividend by 11% in 2016. PPG Industries anticipates deploying $2.5–$3.5 billion cash in acquisitions and share repurchases for 2017 and 2018 combined.
PPG Industries is however, exposed to unfavorable currency exchange translation, especially in the emerging markets. The company also continues to face macroeconomic challenges and witnesses uneven growth in emerging economies in 2017. It is also exposed to volatility in raw materials and energy costs.
PPG Industries, Inc. Price and Consensus
PPG Industries, Inc. Price and Consensus | PPG Industries, Inc. Quote
PPG Industries currently carries a Zacks Rank #3 (Hold).
Key Picks
Better-ranked companies in the chemical space include The Chemours Company (CC - Free Report) , Methanex Corporation (MEOH - Free Report) and Albermale Corporation (ALB - Free Report) .
Chemours has expected long-term growth of 15.5% and sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Methanex has expected long-term growth of 15% and also flaunts a Zacks Rank #1.
Albemarle has expected long-term growth of 10% and carries a Zacks Rank #2 (Buy).
A Full-Blown Technological Breakthrough in the Making
Zacks’ Aggressive Growth Strategist Brian Bolan explores autonomous cars in our latest Special Report, Driverless Cars: Your Roadmap to Mega-Profits Today. In addition to who will be selling them and how the auto industry will be impacted, Brian reveals 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>