PPG To Review Strategic Alternatives For Its Architectural Coatings Business In The U.S. And Canada

RTTNews | 318 days ago
PPG To Review Strategic Alternatives For Its Architectural Coatings Business In The U.S. And Canada

(RTTNews) - PPG Industries, Inc. (PPG), a global leader in paints, coatings, and specialty materials, announced Monday that it has engaged Goldman Sachs & Co. LLC as financial advisor to assist in a review of strategic alternatives for its architectural coatings business in the U.S. and Canada.

PPG's architectural coatings business in the U.S. and Canada, which operates within the company's performance coatings segment, is an industry leader in residential and commercial architectural coatings.

In total, the distribution network includes more than 15,000 touchpoints through company-owned stores, independent dealer locations, and major home improvement centers and retailers across the U.S. and Canada. In 2023, the architectural coatings business in the U.S. and Canada represented approximately 10% of PPG's total net sales.

PPG said it is exploring this strategic review now given the positive momentum in the business, with the intent of ensuring its continued growth and success while also maximizing the value for PPG and its shareholders.

PPG's strategic review of its architectural coatings business in the U.S. and Canada does not include its architectural coatings businesses in the other regions around the world, including in Latin America, Europe and Asia Pacific.

In January, PPG announced a strategic review of alternatives for its silica products business.

read more
PPG Boosts Q1 Adj. EPS Outlook

PPG Boosts Q1 Adj. EPS Outlook

PPG Industries Inc. (PPG) announced Monday that first quarter 2023 adjusted earnings per share is now expected to be between $1.52 and $1.58, which exceeds the company's previously communicated guidance of $1.10 to $1.20.
RTTNews | 647 days ago
PPG To Invest $11 Mln To Double Production Capacity Of Powder Coatings Plant In Mexico

PPG To Invest $11 Mln To Double Production Capacity Of Powder Coatings Plant In Mexico

PPG Industries, Inc. (PPG) announced Tuesday that it will invest $11 million to double the production capacity of its powder coatings plant in San Juan del Rio, Mexico. The expansion project is expected to be completed by mid-2023 and will allow the plant to meet the expected future demand for powder coatings in Mexico.
RTTNews | 870 days ago
Asian Markets Mixed Amid Cautious Trades

Asian Markets Mixed Amid Cautious Trades

Asian stock markets are trading mixed on Friday, following the mixed cues from European markets and lack of cues from Wall Street overnight as they were closed, as traders are cautious ahead of the release of the closely watched US monthly jobs later in the day, which will potentially provide additional clarity about the strength of the labor market and the outlook for interest rate cuts.
RTTNews | 5h 21min ago
Australian Market Maintains Early Losses In Mid-market

Australian Market Maintains Early Losses In Mid-market

The Australian stock market is maintain its early losses in mid-market trading on Friday, also adding to the losses in the previous session, following the mixed cues from European markets and lack of cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,300 level, with weakness in financial, energy and technology stocks partially offset by gains in mining stocks.
RTTNews | 5h 55min ago
Japanese Market Notably Lower

Japanese Market Notably Lower

Extending the losses in the previous two sessions, the Japanese market is notably lower on Friday, following the mixed cues from European markets and lack of cues from Wall Street overnight as they were closed. The Nikkei 225 is falling well below the 39,300 level, with weakness across most sectors led by index heavyweights and financial stocks. Technology stocks are the only bright spot.
RTTNews | 6h 15min ago
Australian Market Notably Lower

Australian Market Notably Lower

The Australian stock market is notably lower on Friday, extending the losses in the previous session, following the mixed cues from European markets and lack of cues from Wall Street overnight as they were closed. The benchmark S&P/ASX 200 is falling below the 8,300 level, with weakness in financial and technology stocks partially offset by gains in mining and energy stocks.
RTTNews | 6h 38min ago
Higher Open Called For Thai Stock Market

Higher Open Called For Thai Stock Market

The Thai stock market has moved lower in consecutive trading days, surrendering almost 30 points or 2.2 percent along the way. The Stock Exchange of Thailand now sits just above the 1,360-point plateau although it nay see bargain hunting on Friday.
RTTNews | 6h 42min ago