PPG Industries Inc.
) protective and marine coatings (PMC) business has manufactured
over 100,000 gallons of coatings in a new small batch process at
its Little Rock, AR, manufacturing facility. The Little Rock plant
is PPG's largest protective and marine coatings manufacturing
facility in the Americas.
In order to fulfill customers' needs for small quantities and
made-to-order products such as military-specified coatings - PSX
polysiloxanes and MEGASEAL flooring coatings - PPG invested in the
The process has enabled PPG to decrease order lead times for small
batches by more than half, which helps its customers improve their
responsiveness. This also satisfies customers with faster
turnaround on small and custom batch orders.
In April 2014, PPG Industries recorded adjusted earnings from
continuing operations (excluding acquisition-related expenses of $2
million or a penny per share) of $1.98 a share for first-quarter
2014, up 42% from $1.39 per share reported in the year-ago
The company has delivered record first-quarter adjusted earnings
on the back of a strong coatings portfolio, broad global footprint,
aggressive cost discipline, prudent cash deployment and targeted
cost synergies received from acquisitions.
Revenues rose 17% year over year to $3,636 million in the
reported quarter from $3,108 million in the year-ago quarter. The
year-over-year rise was attributed to higher industry demand in
aerospace and automotive original equipment manufacturers (OEM)
coatings. Results were also aided by accelerated global volume
growth across all regions including Europe, where volumes rose due
to economic recovery.
PPG Industries carries a Zacks Rank #3 (Hold).
Other companies in the chemical industry worth considering
Compass Minerals International Inc.
L'Air Liquide SA
Koninklijke DSM N.V.
). While Compass Minerals carries a Zacks Rank #1 (Strong
Buy), L'Air Liquide and Koninklijke DSM hold a Zacks Rank #2
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