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PPG Industries to Exhibit Digital & Sustainable Solutions in Frankfurt
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PPG Industries Inc. (PPG - Free Report) has announced that it will demonstrate its digital and sustainable solutions at Automechanika Frankfurt 2024, the world's premier trade fair for the automotive aftermarket, which will be held at the Messe Frankfurt exhibition center in Germany from Sept. 10-14. PPG will highlight the latest advances in digital tools and sustainable technologies on the fifth anniversary of the introduction of the PPG Moonwalk automated mixing machine.
Visitors will be able to get a firsthand experience of the novel solutions that are set to boost the efficiency, precision and sustainability of automotive refinishing. Demonstrations of PPG's latest digital technologies will include tools from the PPG LINQ digital ecosystem that improve body shop precision and productivity.
PPG will also feature products and processes that promote sustainability in the automotive sector. Customers can accomplish environmental targets by using featured solutions such as airdry technology and innovations in primer and basecoat technology, which result in considerable energy savings and carbon emission reductions due to shorter process times and lower curing temperatures. Sustainably advantageous products are discovered utilizing PPG's own methodology, which assesses product features and their contribution to the UN Sustainable Development Goals.
Shares of PPG have lost 8% over the past year compared with a 9.8% decline of its industry.
Image Source: Zacks Investment Research
In the second quarter, PPG saw a mid-single-digit percentage year-over-year decline in organic sales for automotive refinish coatings. Sales volumes in the United States declined, while Latin America saw modestly lower organic sales. While demand in Europe was stable, China saw a demand recovery for refinish products. PPG’ LINQ services subscriptions grew, and it added around 230 Moonwalk installations in the quarter, further supporting its customer productivity and associated share gain.
PPG projects adjusted earnings per share (EPS) for the third quarter in the range of $2.10-$2.20. For the full year, the company expects adjusted EPS in the range of $8.15 to $8.30. These projections consider various factors such as current global economic activity, uneven global industrial production, reduced global automotive production, stabilizing demand in Europe, sustained growth in Mexico and India and low single-digit growth in China.
Better-ranked stocks in the basic materials space include Carpenter Technology Corporation (CRS - Free Report) , Eldorado Gold Corporation (EGO - Free Report) and Newmont Corporation (NEM - Free Report) .
Carpenter Technology currently carries a Zacks Rank #1 (Strong Buy). CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 15.9%. The company's shares have soared 125.1% in the past year. You can see the complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Eldorado’s current-year earnings is pegged at $1.35 per share, indicating a year-over-year rise of 136.8%. The Zacks Consensus Estimate for EGO's current-year earnings has been going up in the past 30 days. EGO, a Zacks Rank #1 stock, beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 430.3%. The company's shares have rallied roughly 80.5% in the past year.
The Zacks Consensus Estimate for Newmont’s current-year earnings is pegged at $2.82, indicating a rise of 75% from the year-ago levels. The consensus mark for NEM’s earnings has increased 14% in the past 60 days. NEM, a Zacks Rank #1 stock, has gained nearly 35.7% in the past year.
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PPG Industries to Exhibit Digital & Sustainable Solutions in Frankfurt
PPG Industries Inc. (PPG - Free Report) has announced that it will demonstrate its digital and sustainable solutions at Automechanika Frankfurt 2024, the world's premier trade fair for the automotive aftermarket, which will be held at the Messe Frankfurt exhibition center in Germany from Sept. 10-14. PPG will highlight the latest advances in digital tools and sustainable technologies on the fifth anniversary of the introduction of the PPG Moonwalk automated mixing machine.
Visitors will be able to get a firsthand experience of the novel solutions that are set to boost the efficiency, precision and sustainability of automotive refinishing. Demonstrations of PPG's latest digital technologies will include tools from the PPG LINQ digital ecosystem that improve body shop precision and productivity.
PPG will also feature products and processes that promote sustainability in the automotive sector. Customers can accomplish environmental targets by using featured solutions such as airdry technology and innovations in primer and basecoat technology, which result in considerable energy savings and carbon emission reductions due to shorter process times and lower curing temperatures. Sustainably advantageous products are discovered utilizing PPG's own methodology, which assesses product features and their contribution to the UN Sustainable Development Goals.
Shares of PPG have lost 8% over the past year compared with a 9.8% decline of its industry.
Image Source: Zacks Investment Research
In the second quarter, PPG saw a mid-single-digit percentage year-over-year decline in organic sales for automotive refinish coatings. Sales volumes in the United States declined, while Latin America saw modestly lower organic sales. While demand in Europe was stable, China saw a demand recovery for refinish products. PPG’ LINQ services subscriptions grew, and it added around 230 Moonwalk installations in the quarter, further supporting its customer productivity and associated share gain.
PPG projects adjusted earnings per share (EPS) for the third quarter in the range of $2.10-$2.20. For the full year, the company expects adjusted EPS in the range of $8.15 to $8.30. These projections consider various factors such as current global economic activity, uneven global industrial production, reduced global automotive production, stabilizing demand in Europe, sustained growth in Mexico and India and low single-digit growth in China.
PPG Industries, Inc. Price and Consensus
PPG Industries, Inc. price-consensus-chart | PPG Industries, Inc. Quote
PPG’s Zacks Rank & Key Picks
PPG currently carries a Zacks Rank #4 (Sell).
Better-ranked stocks in the basic materials space include Carpenter Technology Corporation (CRS - Free Report) , Eldorado Gold Corporation (EGO - Free Report) and Newmont Corporation (NEM - Free Report) .
Carpenter Technology currently carries a Zacks Rank #1 (Strong Buy). CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 15.9%. The company's shares have soared 125.1% in the past year. You can see the complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Eldorado’s current-year earnings is pegged at $1.35 per share, indicating a year-over-year rise of 136.8%. The Zacks Consensus Estimate for EGO's current-year earnings has been going up in the past 30 days. EGO, a Zacks Rank #1 stock, beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 430.3%. The company's shares have rallied roughly 80.5% in the past year.
The Zacks Consensus Estimate for Newmont’s current-year earnings is pegged at $2.82, indicating a rise of 75% from the year-ago levels. The consensus mark for NEM’s earnings has increased 14% in the past 60 days. NEM, a Zacks Rank #1 stock, has gained nearly 35.7% in the past year.