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PPG Industries to Showcase Metal Coatings in Los Angeles
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PPG Industries’ (PPG - Free Report) coil and building products business is set to exhibit architectural metal coatings at FACADES+, Los Angeles from Oct 19-20. The company’s representatives will provide information, answer questions and distributing literature about premium Duranar and Coraflon metal coatings during the event.
PPG Industries’ Duranar coatings were introduced in 1967 and this year marks the 50th anniversary of the coatings which helped to revolutionize the architectural industry. Being one of the first polyvinylidene fluoride coatings, it enables architects to specify colorful metal coatings with exceptional chalk- and fade-resistance.
PPG Industries’ new Architectural Powder Coatings Color Guide will also be handed out at the event. The six-page brochure features 60 commonly specified Coraflon powder coatings colors. Apart from providing exceptional ultraviolet durability, color fastness and gloss retention, Coraflon powder coatings function as a one-coat paint system on metals as well as a two-coat paint system with a primer in harsh environments.
PPG Industries has underperformed the industry over a year. The company’s shares have moved up around 9.9% over this period, compared with roughly 29.1% gain recorded by the industry.
PPG Industries expects modest global economic growth. Also, the company anticipates a higher level of earnings-accretive cash deployment in the second half of 2017 including acquisitions and share repurchases.
PPG Industries is taking steps for growing organically. The company is also taking measures to lower costs. The company also remains committed to deploy cash on acquisitions and share repurchases. It plans to deploy $2.5-$3.5 billion cash for acquisitions and share repurchases in 2017 and 2018 combined and is now targeting the top end of that range at a minimum.
Additionally, the company remains on track with its cost cutting and restructuring actions and is expected to deliver $120-$130 million in annual savings, with $40-$50 million of savings expected to be realized in 2017.
However, PPG Industries faces currency headwind and macroeconomic challenges. Some of its end-markets including marine still remain sluggish. It is also exposed to raw materials cost pressure.
PPG Industries currently carries a Zacks Rank #3 (Hold).
Stocks to Consider
Some better-ranked stocks in the chemical space are The Chemours Company (CC - Free Report) , FMC Corporation (FMC - Free Report) and Air Products and Chemicals, Inc. (APD - Free Report) .
FMC has expected long-term earnings growth of 11.3% and flaunts a Zacks Rank #1.
Air Products has expected long-term earnings growth of 12.1% and carries a Zacks Rank #2 (Buy).
4 Stocks to Watch after the Massive Equifax Hack
Cybersecurity stocks spiked on recent news of a data breach affecting 143 million Americans. But which stocks are the best buy candidates right now? And what does the future hold for the cybersecurity industry?
Equifax is just the most recent victim. Computer hacking and identity theft are more common than ever. Zacks has just released Cybersecurity! An Investor’s Guide to inform Zacks.com readers about this $170 billion/year space. More importantly, it highlights 4 cybersecurity picks with strong profit potential.
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PPG Industries to Showcase Metal Coatings in Los Angeles
PPG Industries’ (PPG - Free Report) coil and building products business is set to exhibit architectural metal coatings at FACADES+, Los Angeles from Oct 19-20. The company’s representatives will provide information, answer questions and distributing literature about premium Duranar and Coraflon metal coatings during the event.
PPG Industries’ Duranar coatings were introduced in 1967 and this year marks the 50th anniversary of the coatings which helped to revolutionize the architectural industry. Being one of the first polyvinylidene fluoride coatings, it enables architects to specify colorful metal coatings with exceptional chalk- and fade-resistance.
PPG Industries’ new Architectural Powder Coatings Color Guide will also be handed out at the event. The six-page brochure features 60 commonly specified Coraflon powder coatings colors. Apart from providing exceptional ultraviolet durability, color fastness and gloss retention, Coraflon powder coatings function as a one-coat paint system on metals as well as a two-coat paint system with a primer in harsh environments.
PPG Industries has underperformed the industry over a year. The company’s shares have moved up around 9.9% over this period, compared with roughly 29.1% gain recorded by the industry.
PPG Industries expects modest global economic growth. Also, the company anticipates a higher level of earnings-accretive cash deployment in the second half of 2017 including acquisitions and share repurchases.
PPG Industries is taking steps for growing organically. The company is also taking measures to lower costs. The company also remains committed to deploy cash on acquisitions and share repurchases. It plans to deploy $2.5-$3.5 billion cash for acquisitions and share repurchases in 2017 and 2018 combined and is now targeting the top end of that range at a minimum.
Additionally, the company remains on track with its cost cutting and restructuring actions and is expected to deliver $120-$130 million in annual savings, with $40-$50 million of savings expected to be realized in 2017.
However, PPG Industries faces currency headwind and macroeconomic challenges. Some of its end-markets including marine still remain sluggish. It is also exposed to raw materials cost pressure.
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).
Stocks to Consider
Some better-ranked stocks in the chemical space are The Chemours Company (CC - Free Report) , FMC Corporation (FMC - Free Report) and Air Products and Chemicals, Inc. (APD - Free Report) .
Chemours has expected long-term earnings 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.
FMC has expected long-term earnings growth of 11.3% and flaunts a Zacks Rank #1.
Air Products has expected long-term earnings growth of 12.1% and carries a Zacks Rank #2 (Buy).
4 Stocks to Watch after the Massive Equifax Hack
Cybersecurity stocks spiked on recent news of a data breach affecting 143 million Americans. But which stocks are the best buy candidates right now? And what does the future hold for the cybersecurity industry?
Equifax is just the most recent victim. Computer hacking and identity theft are more common than ever. Zacks has just released Cybersecurity! An Investor’s Guide to inform Zacks.com readers about this $170 billion/year space. More importantly, it highlights 4 cybersecurity picks with strong profit potential.
Get the new Investing Guide now>>