Last $204.55 USD
Change Today -0.53 / -0.26%
Volume 322.4K
PPG On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

ppg industries inc (PPG) Snapshot

Open
$205.10
Previous Close
$205.08
Day High
$205.45
Day Low
$204.43
52 Week High
06/30/14 - $213.01
52 Week Low
08/29/13 - $155.27
Market Cap
28.2B
Average Volume 10 Days
409.0K
EPS TTM
$8.87
Shares Outstanding
137.8M
EX-Date
08/7/14
P/E TM
23.1x
Dividend
$2.68
Dividend Yield
1.25%
Current Stock Chart for PPG INDUSTRIES INC (PPG)

ppg industries inc (PPG) Related Businessweek News

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ppg industries inc (PPG) Details

PPG Industries, Inc. manufactures and distributes coatings, optical and specialty materials, and glass products. The company operates in five segments: Performance Coatings, Industrial Coatings, Architectural Coatings, Optical and Specialty Materials, and Glass. It offers coatings products for automotive and commercial transport/fleet repair and refurbishing, light industrial coatings, and specialty coatings for signs; sealants, coatings, maintenance cleaners, and transparencies for commercial, military, regional jet, and general aviation aircraft and transparent armor for specialty applications; and coatings and finishes for the protection of metals and structures to metal fabricators, heavy duty maintenance contractors, and manufacturers of ships, bridges, and rail cars. The company also provides industrial and automotive coatings for manufacturing companies; adhesives and sealants for the automotive industry; metal pretreatments and related chemicals for industrial and automotive applications; and packaging coatings to aerosol, food, and beverage container manufacturers. In addition, it offers architectural coatings used by painting and maintenance contractors and by consumers to decorate and maintain residential and commercial building structures, as well as purchased sundries to painting contractors and consumers. Further, the company provides optical products, such as lenses, optical lens materials, and sun lenses; silicas comprising amorphous precipitated silicas for tire, battery separator, and other end-use markets; and substrates used for radio frequency identification tags and labels, e-passports, drivers’ licenses, and identification cards applications. Additionally, it offers flat glass and continuous-strand fiber glass products for commercial and residential construction markets, and the wind energy, energy infrastructure, transportation, and electronics industries. The company was founded in 1883 and is headquartered in Pittsburgh, Pennsylvania.

41,400 Employees
Last Reported Date: 02/20/14
Founded in 1883

ppg industries inc (PPG) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $1.4M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $463.2K
Chief Operating Officer
Total Annual Compensation: $541.7K
Executive Vice President
Total Annual Compensation: $541.7K
Senior Vice President of Strategic Planning &...
Total Annual Compensation: $567.2K
Compensation as of Fiscal Year 2013.

ppg industries inc (PPG) Key Developments

PPG Industries Inc. Approves Amendments to the Amended and Restated Bylaws

On July 17, 2014, the Board of Directors of PPG Industries Inc. approved amendments to the company's amended and restated Bylaws (the Bylaws). The amendments took effect immediately upon approval by the Board of Directors. The following is a summary of the amendments: Meetings of Shareholders (Article I). The amendments update the advance notice procedures in Article I of the Bylaws that govern the process by which shareholders can nominate directors and propose other business for consideration at meetings of shareholders. Among other things, the amendments: allow the presiding officer of a meeting of shareholders to determine whether a nomination or other business proposed to be brought before the meeting was made or proposed in accordance with the requirements of the Bylaws; clarify that nominations are only valid for meetings where the Board of Directors has determined that directors will be elected; require additional specificity in a shareholder's notice to the Company, including information about the nominee that would be required to be included in a proxy statement, a description of any material relationship between the nominee and the shareholder making the nomination, and the text of any proposal to be brought before the meeting; require information in the notice about Company shares held by certain affiliates and associates of the shareholder and about derivative, hedging or other transactions involving shares held by these parties or by the shareholder; require that information about a nominee or other business proposed to be brought before the meeting be updated in the days prior to the meeting; require the nominee to make certain representations to the Company regarding commitments to a third party to vote in a certain manner on questions presented to the Board of Directors and about any compensation or indemnification arrangements with a third party for serving as a director of the Company; and provide the Company with explicit authority to request additional information about director nominees for which notice is given using the advance notice process.

PPG Industries Appoints Michael H. McGarry as Chief Operating Officer, Effective August 1, 2014

PPG Industries announced the appointment of Michael H. McGarry, currently executive vice president, to chief operating officer, effective August 1, 2014. McGarry will have executive oversight responsibility for all of PPG's strategic business units and operating regions and for the information technology (IT), environment, health and safety (EH&S), and purchasing functions. He will remain based at PPG's global headquarters in Pittsburgh and will continue to report to Chairman and CEO Charles E. Bunch. During his 33 years with the company, McGarry has served in a variety of key business and functional leadership roles in the United States, Europe and Asia. In addition, he helped lead several strategic actions that have transformed its business portfolio, most notably the acquisition of SigmaKalon; the separation of its former commodity chemicals business; the acquisition of AkzoNobel's North American architectural coatings business; and, most recently, the announced agreement to acquire Consorcio Comex, S.A. de C.V. McGarry also serves as a director on the boards of Axiall Corporation and Pittsburgh Glass Works LLC.

PPG Industries Inc. Announce Quarterly Dividend, Payable on September 12, 2014

The board of directors of PPG Industries declared a regular quarterly dividend of 67 cents per share, payable Sept. 12, 2014 to shareholders of record Aug. 11, 2014.

 

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Industry Analysis

PPG

Industry Average

Valuation PPG Industry Range
Price/Earnings 24.0x
Price/Sales 1.8x
Price/Book 4.5x
Price/Cash Flow 10.8x
TEV/Sales 1.4x
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