PPG PPG Industries, Inc.
PPG Industries, Inc. engages in the manufacture and distribution of coatings, specialty materials, and glass products. It operates through Performance Coatings and Industrial Coatings segments. The Performance Coatings segment comprises of the refinish, aerospace, protective and marine, and architectural coatings businesses. The Industrial Coatings segment includes automotive OEM, industrial coatings, packaging coatings, and specialty coatings and materials businesses. The company was founded was founded by John B. Ford and John A. Pitcairn in 1883 and is headquartered in Pittsburgh, PA.
Company profile
Ticker
PPG
Exchange
Website
CEO
Michael H. McGarry
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
Former names
PITTSBURGH PLATE GLASS CO
SEC CIK
Corporate docs
IRS number
250730780
PPG stock data
()
Investment data
Securities sold
Number of investors
Calendar
28 Apr 20
5 Jul 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | 3.38B | 3.67B | 3.83B | 4.02B | |
| Net income | 243M | 292M | 367M | 272M | |
| Diluted EPS | 1.02 | 1.22 | 1.54 | 1.14 | |
| Net profit margin | 7.20% | 7.95% | 9.59% | 6.76% | |
| Operating income | 453M | 510M | 586M | 660M | |
| Net change in cash | 670M | -216M | 469M | 179M | |
| Cash on hand | 1.89B | 1.22B | 1.43B | 963M | |
| Cost of revenue | 1.91B | 2.11B | 2.18B | 2.29B |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | 15.15B | 15.37B | 3.49B | 14.27B | |
| Net income | 1.24B | 1.34B | 1.59B | 873M | |
| Diluted EPS | 5.22 | 5.47 | 6.18 | 3.27 | |
| Net profit margin | 8.21% | 8.72% | 45.73% | 6.12% | |
| Operating income | 2.27B | 2.12B | 2.29B | 2.38B | |
| Net change in cash | 314M | -534M | -384M | 509M | |
| Cash on hand | 1.22B | 902M | 1.44B | 1.82B | |
| Cost of revenue | 8.65B | 9B | 8.21B |
Financial data from company earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|
| 30 Jun 20 | Anne M. Foulkes | Phantom Stock Units Common Stock | Grant | Aquire A | No | 106.06 | 8.977 | 952.14 | 22.305 |
| 30 Jun 20 | Timothy M Knavish | Phantom Stock Units Common Stock | Grant | Aquire A | No | 106.06 | 0.368 | 39 | 9,168.305 |
| 30 Jun 20 | Rebecca B. Liebert | Phantom Stock Units Common Stock | Grant | Aquire A | No | 106.06 | 1.235 | 130.99 | 309.007 |
| 30 Jun 20 | Michael H Mcgarry | Phantom Stock Units Common Stock | Grant | Aquire A | No | 106.06 | 20.163 | 2.14K | 3,765.618 |
| 30 Jun 20 | Vincent J Morales | Phantom Stock Units Common Stock | Grant | Aquire A | No | 106.06 | 5.686 | 603.1 | 806.7 |
Institutional ownership Q1 2020
77.0% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 799 |
| Opened positions | 68 |
| Closed positions | 207 |
| Increased positions | 275 |
| Reduced positions | 298 |
13F shares |
Current |
|---|---|
| Total value | 149.93B |
| Total shares | 181.7M |
| Total puts | 1.54M |
| Total calls | 973.5K |
| Total put/call ratio | 1.6 |
Largest owners |
Shares | Value |
|---|---|---|
| Massachusetts Financial Services | 21.17M | $1.77B |
| Vanguard | 20.62M | $1.72B |
| BLK BlackRock | 19.35M | $1.62B |
| STT State Street | 10.75M | $898.73M |
| N Price T Rowe Associates | 7.93M | $662.82M |
| Clearbridge Advisors | 6.57M | $549.36M |
| Wellington Management | 6.31M | $527.51M |
| JPM JPMorgan Chase & Co. | 5.38M | $449.55M |
| Charles Schwab Investment Management | 3.52M | $294.09M |
| WFC Wells Fargo & Co. | 3.41M | $284.81M |
Financial report summary
?Risks
- The effects of the recent COVID-19 outbreak are negatively impacting, and are expected to continue to adversely impact our financial condition and results of operations.
Management Discussion
- The $597 million increase in Cash from operating activities - continuing operations was primarily due to favorable changes in working capital, excluding the impact of business acquisitions, and lower cash contributions to its defined benefit pension plans year-over-year.
Content analysis
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| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. freshman Avg
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New words:
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Removed:
accounted, Africa, Bank, build, canceled, carry, case, Chinese, choose, closing, coil, collision, comparative, component, conveyed, creation, death, decree, defense, deployment, determinable, directed, discount, East, enforce, entering, estate, evaluate, evidenced, exercised, external, filing, finite, floating, forma, funding, gain, Germany, good, governing, Headquartered, implicated, implicit, improving, inception, indemnity, indenture, inform, issue, jurisdiction, Klingenberg, large, leading, lessee, lift, limit, margin, Mellon, Middle, Minimum, moderate, moderated, modest, network, newly, noted, obtained, offer, offering, outlined, outperformance, package, paying, practical, prepayment, prioritize, pro, pursuant, readily, real, received, registration, relevant, reopen, robust, seasonal, seasonality, securing, seller, SEM, sequentially, served, settled, shelf, short, single, soft, softer, strong, supplemented, tendered, testing, transition, trustee, unpaid, volume, weakest, wholesaler, withdrawn, York, yuan
Financial reports
10-Q
2020 Q1
Quarterly report
28 Apr 20
10-K
2019 FY
Annual report
20 Feb 20
10-Q
2019 Q3
Quarterly report
18 Oct 19
10-Q
2019 Q2
Quarterly report
19 Jul 19
10-Q
2019 Q1
Quarterly report
19 Apr 19
10-K
2018 FY
Annual report
21 Feb 19
10-Q
2018 Q3
Quarterly report
19 Oct 18
10-Q
2018 Q2
Quarterly report
20 Jul 18
10-Q
2018 Q1
Quarterly report
28 Jun 18
10-K/A
2017 FY
Annual report (amended)
28 Jun 18
Current reports
8-K
Cost Associated with Exit or Disposal Activities
8 Jun 20
8-K
Entry into a Material Definitive Agreement
19 May 20
8-K
PPG reports first quarter 2020 financial results
27 Apr 20
8-K
Ligocki joins PPG board of directors
22 Apr 20
8-K
Entry into a Material Definitive Agreement
17 Apr 20
8-K
Departure of Directors or Certain Officers
8 Apr 20
8-K
Amendments to Articles of Incorporation or Bylaws
26 Mar 20
8-K
PPG reports fourth quarter and full-year 2019 financial results
16 Jan 20
8-K
Departure of Directors or Certain Officers
25 Nov 19
8-K
PPG reports third quarter 2019 financial results
17 Oct 19
Registration and prospectus
424B2
Prospectus for primary offering
15 May 20
FWP
Free writing prospectus
14 May 20
424B2
Prospectus for primary offering
14 May 20
POS AM
Prospectus update (post-effective amendment)
24 Feb 20
25-NSE
Exchange delisting
4 Nov 19
424B2
Prospectus for primary offering
7 Aug 19
FWP
Free writing prospectus
6 Aug 19
424B5
Prospectus supplement for primary offering
6 Aug 19
S-3ASR
Automatic shelf registration
30 Jul 19
D
$154.21M in equity, sold $154.21M, 57 investors
13 Mar 19
Proxies
DEFA14A
Additional proxy soliciting materials
1 Apr 20
DEFA14A
Additional proxy soliciting materials
26 Mar 20
DEFA14A
Additional proxy soliciting materials
5 Mar 20
DEF 14A
Definitive proxy
5 Mar 20
PRE 14A
Preliminary proxy
14 Feb 20
DEFA14A
Additional proxy soliciting materials
8 Apr 19
PX14A6G
Letter to shareholders
4 Apr 19
DEFA14A
Additional proxy soliciting materials
1 Apr 19
DEFA14A
Additional proxy soliciting materials
25 Mar 19
DEFA14A
Additional proxy soliciting materials
11 Mar 19
Other
SD
Conflict minerals disclosure
29 May 20
EFFECT
Notice of effectiveness
2 Mar 20
SD
Conflict minerals disclosure
31 May 19
UPLOAD
Letter from SEC
11 Oct 18
SD
Conflict minerals disclosure
31 May 18
SD
Conflict minerals disclosure
31 May 17
NO ACT
No action letter
1 Mar 17
NO ACT
No action letter
10 Feb 17
CERTNYS
Certification of approval for NYSE listing
7 Nov 16
CT ORDER
Confidential treatment order
15 Sep 16
Ownership
4
PPG INDUSTRIES / Vincent J Morales ownership change
1 Jul 20
4
PPG INDUSTRIES / MICHAEL H MCGARRY ownership change
1 Jul 20
4
PPG INDUSTRIES / Rebecca B. Liebert ownership change
1 Jul 20
4
PPG INDUSTRIES / TIMOTHY M KNAVISH ownership change
1 Jul 20
4
PPG INDUSTRIES / Anne M. Foulkes ownership change
1 Jul 20
4
PPG INDUSTRIES / Vincent J Morales ownership change
17 Jun 20
4
PPG INDUSTRIES / MICHAEL H MCGARRY ownership change
17 Jun 20
4
PPG INDUSTRIES / Rebecca B. Liebert ownership change
17 Jun 20
4
PPG INDUSTRIES / TIMOTHY M KNAVISH ownership change
17 Jun 20
4
PPG INDUSTRIES / Anne M. Foulkes ownership change
17 Jun 20
Patents
GRANT
Design
Texture spray cartridge tip
30 Jun 20
Inventors: Christopher R. Hamlin
APP
Utility
Dual Cure Sealants
25 Jun 20
Compositions that are curable by free radical redox reactions are disclosed.
APP
Utility
Intumescent Coating Composition
11 Jun 20
The present invention relates to an intumescent coating composition, an intumescent multi-component coating product, methods for using the intumescent coating composition or the intumescent multi-component coating product, substrates coated with the intumescent coating composition or the intumescent multi-component coating product.
APP
Utility
Low Voc Water-borne Uv Curable Single-layer Coating Composition, Method of Applying the Same, and Substrate Coated Therewith
11 Jun 20
Provided is a low VOC water-borne UV curable single-layer coating composition, comprising a carbonate-based polyurethane resin and a nonionic HDI type polyurethane-acrylate resin.
APP
Utility
Hydraulic Fluid and Fuel Resistant Sealants
4 Jun 20
Compositions that are resistant to hydraulic fluid and aviation fuel contain sulfur-containing prepolymers and solvent-resistant organic fillers.