PPG Pittsburgh Paints, a unit of leading protective and
decorative coatings supplier
), has partnered with hardware and building supply store Village
PRO Hardware to offer new paint and color options to the residents
in Marblehead, Ohio.
Under the collaboration, the Village PRO Hardware store has
introduced a range of products from PPG Pittsburgh Paints including
the WALLHIDE and SPEEDHIDE interior paints and the SUN PROOF
exterior paints. These exciting new products reinforce the store's
offerings, helping it to better serve its customers.
Village PRO is also providing its customers a mail-in rebate
incentive to begin their spring home renovation projects. Under the
offer, the customers can save $4 per gallon on up to 10 gallons of
paint till the end of this month.
Village PRO will also introduce the homeowners in Marblehead to
PPG Pittsburgh Paints' color platform dubbed "The Voice of Color."
This unique program will help homeowners visualize and select
Pennsylvania-based PPG Industries is a leading supplier of
paints, coatings, optical products, specialty materials, chemicals
and fiber glass. It competes with the DuPont Performance Coatings
EI DuPont de Nemours & Co.
The company continued its positive surprise streak in
first-quarter 2012 with adjusted earnings of $1.81 a share beating
the Zacks Consensus Estimate by a couple of cents. However, hefty
one-time charges dragged down its profits in the quarter.
Revenues rose 6% year over year to $3,752 million, also beating
the Zacks Consensus Estimate. The company saw growth in each of its
coatings businesses in the quarter. Its results were aided by
strong domestic demand and growth in emerging markets.
The company foresees accelerated growth in emerging markets,
buoyed by increased industrial activity in China. However, it feels
that the European market will continue to remain under
PPG Industries has a strong cash position, and continues to
utilize cash on growth initiatives. Moreover, the company has been
returning cash to its shareholders in the form of uninterrupted
dividend pay outs. However, raw material costs remain a matter of
We currently have a long-term Neutral recommendation on PPG
Industries. The stock currently holds a Zacks #1 Rank, which
translates into a short-term Strong Buy rating.
DU PONT (EI) DE (DD): Free Stock Analysis
PPG INDS INC (PPG): Free Stock Analysis Report
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