PPG PPG Industries Dashboard

PPG works every day to develop and deliver the paints, coatings and materials that its customers have trusted for more than 135 years. Through dedication and creativity, it solves its customers' biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, it operates and innovate in more than 70 countries and reported net sales of $13.8 billion in 2020. It serves customers in construction, consumer products, industrial and transportation markets and aftermarkets.

Company profile

Ticker

PPG

Exchange

NYSE

Website

www.ppg.com

CEO

Michael McGarry

Incorporated

Pennsylvania

Location

Pennsylvania

Fiscal year end

Dec 31

Sector

Manufacturing > Paint and Coating Manufacturing

Industry (SIC)

Paints, Varnishes, Lacquers, Enamels & Allied Prods

Axalta Coating Systems • RPM International • Ferro ...

Former names

PITTSBURGH PLATE GLASS CO

SEC CIK

0000079879

Corporate docs

Articles of Incorporation & Bylaws

IRS number

250730780

PPG stock data

S&P 500

1M 1Y 2Y 5Y

News

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Return on Capital Employed Overview: PPG Industries

26 Jul 21

After pulling data from Benzinga Pro it seems like during Q2, PPG Industries (NYSE:PPG) earned $541.00 million, a 6.08% increase from the preceding quarter. PPG Industries also posted a total of $4.36 billion in sales, a 12.32% increase since Q1.

Benzinga's Top Ratings Upgrades, Downgrades For July 26, 2021

26 Jul 21

Susquehanna Upgrades PPG Industries to Positive, Raises Price Target to $190

26 Jul 21

Susquehanna analyst Sandy Klugman upgrades PPG Industries (NYSE:PPG) from Neutral to Positive and raises the price target from $115 to $190.

Expert Ratings For PPG Industries

21 Jul 21

Wells Fargo Maintains Overweight on PPG Industries, Lowers Price Target to $189

21 Jul 21

Press releases

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PPG to Expand Production Capacity for PPG ISENSE Gloss Beverage Can Coatings at Delaware, Ohio, Plant

26 Jul 21

Expansion to help canmakers, brand owners meet soaring demand for beverage cans PPG (NYSE:PPG) today announced that it is currently adding capacity for the production of overvarnish coatings for beverage can exteriors,

OLED Material Manufacturing, PPG Announce Multi-Million-Euro Investment, up to 100 New Jobs in Shannon

22 Jul 21

Universal Display Corporation (NASDAQ:OLED) and PPG (NYSE:PPG) today announced that OLED Material Manufacturing Ltd. (OM2) and PPG are embarking on a multi-million-euro capital investment that is expected to create up

PPG Reports Second Quarter 2021 Financial Results

19 Jul 21

Record second quarter net sales of nearly $4.4 billion, about 45% higher than prior year Reported earnings per diluted share (EPS) of $1.80 and adjusted EPS of $1.94 Sales volumes grew about 24% year over year,

PPG Board of Directors Approves 10 Percent Shareholder Dividend Increase to 59 Cents Per Share; 2021 to Mark 50 Consecutive Years of Annual Dividend Increases

15 Jul 21

PPG Appoints Melissa Wills as Vice President, Finance Administration

15 Jul 21

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

20 Jul 21

28 Jul 21

31 Dec 21

Financial summary

Financial statements Chart PPG financial data

Quarter (USD)	Jun 21	Mar 21	Dec 20	Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated)	Burn method: Change in cash		Burn method: Operating income/loss		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B
Cash burn (monthly)	204.33M	88.08M	(positive/no burn)	(positive/no burn)	(positive/no burn)	(positive/no burn)
Cash used (since last report)	192.83M	83.13M	n/a	n/a	n/a	n/a
Cash remaining	1B	1.11B	n/a	n/a	n/a	n/a
Runway (months of cash)	4.9	12.6	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Recent insider trades

PPG insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
15 Jul 21	Anne M. Foulkes	Phantom Stock Units Common Stock	Grant	Aquire A	No	No	171.48	8.164	1.4K	157.493
15 Jul 21	Timothy M Knavish	Phantom Stock Units Common Stock	Grant	Aquire A	No	No	171.48	19.495	3.34K	9,485.95
15 Jul 21	Rebecca B. Liebert	Phantom Stock Units Common Stock	Grant	Aquire A	No	No	171.48	9.185	1.57K	514.966
15 Jul 21	Michael H Mcgarry	Phantom Stock Units Common Stock	Grant	Aquire A	No	No	171.48	18.953	3.25K	4,314.481
15 Jul 21	Vincent J Morales	Phantom Stock Units Common Stock	Grant	Aquire A	No	No	171.48	15.077	2.59K	14,427.385

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2021

PPG institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

79.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	967	967	–
Opened positions	81	168	-51.8%
Closed positions	81	65	+24.6%
Increased positions	318	293	+8.5%
Reduced positions	354	322	+9.9%

13F shares	Current	Prev Q	Change
Total value	28.41B	27.38B	+3.8%
Total shares	189.13M	189.86M	-0.4%
Total puts	962.7K	1.11M	-13.3%
Total calls	556.3K	1.71M	-67.5%
Total put/call ratio	1.7	0.6	+166.5%

Largest owners	Shares	Value	Change
BLK Blackrock	22.29M	$3.35B	+0.7%
Vanguard	19.4M	$2.91B	+0.3%
Massachusetts Financial Services	16.8M	$2.52B	-3.7%
JPM JPMorgan Chase & Co.	13.07M	$1.96B	+55.6%
STT State Street	11M	$1.65B	+3.3%
Wellington Management	8.28M	$1.24B	+0.9%
TROW T. Rowe Price	6.51M	$977.92M	-14.1%
Clearbridge Advisors	5.76M	$865.36M	-2.4%
Capital International Investors	4.58M	$688.86M	+3.9%
BAC Bank Of America	4.05M	$609.27M	+57.1%

Largest transactions	Shares	Bought/sold	Change
JPM JPMorgan Chase & Co.	13.07M	+4.67M	+55.6%
Norges Bank	0	-4.48M	EXIT
BAC Bank Of America	4.05M	+1.47M	+57.1%
First Trust Advisors	1.44M	+1.41M	+4717.2%
WFC Wells Fargo & Co.	1.72M	-1.33M	-43.7%
TROW T. Rowe Price	6.51M	-1.06M	-14.1%
MS Morgan Stanley	1.18M	-936.9K	-44.2%
Massachusetts Financial Services	16.8M	-640.79K	-3.7%
Eagle Asset Management	383.58K	+383.58K	NEW
Marathon Asset Management	227.47K	-359.96K	-61.3%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Risks

The effects of the recent COVID-19 pandemic have negatively impacted and are continuing to adversely impact our financial condition and results of operations.
Increases in prices and declines in the availability of raw materials could negatively impact our financial results.
The pace of economic growth and level of uncertainty could have a negative impact on our results of operations and cash flows.
We are subject to existing and evolving standards relating to the protection of the environment.
We are involved in a number of lawsuits and claims, and we may be involved in future lawsuits and claims, in which substantial monetary damages are sought.
Fluctuations in foreign currency exchange rates could affect our financial results.
We are subject to a variety of complex U.S. and non-U.S. laws and regulations, which could increase our compliance costs and could adversely affect our results of operations.
Our international operations expose us to additional risks and uncertainties that could affect our financial results.
Changes in the tax regimes and related government policies and regulations in the countries in which we operate could adversely affect our results and our effective tax rate.
Business disruptions could have a negative impact on our results of operations and financial condition.
Integrating acquired businesses into our existing operations.
Our ability to understand our customers’ specific preferences and requirements, and to innovate, develop, produce and market products that meet customer demand is critical to our business results.
The industries in which we operate are highly competitive.
In 2018, we concluded that previously issued financial statements as detailed below should not be relied upon and restated those previously issued financial statements, which led to, among other things, shareholder litigation, investigations by the SEC and the U.S. Attorney’s office, a settlement by the Company with the SEC and unanticipated costs for accounting and legal fees, and which may result in certain other risks.

Management Discussion

The $45 million increase in Cash from operating activities - continuing operations was primarily due to favorable changes in working capital, excluding the impact of business acquisitions.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

New words: aftermarket, appliance, assigned, broad, care, Cetelon, cutting, enacted, finite, GmbH, Kingdom, Lackfabrik, larger, Noncontrolling, Ojy, pattern, payroll, released, slower, softening, squeeze, suspended, truck, wage, wheel, wood

Removed: adequacy, Approval, approving, behalf, California, captioned, Central, China, Complaint, decrease, disclose, false, fourth, fraud, judgment, Kelly, Mark, McGarry, Michael, Mild, misleading, mitigation, noted, originally, Petition, plaintiff, proposed, putative, reached, sharp, Taxed, timeline, Trevor, Vincent

From filing 10-Q 2021 Q2