PPG Industries Inc.
) has announced that its commercial coatings group will showcase
its expertise in coating solutions at the International
Construction & Utility Equipment Exposition (ICUEE),
scheduled to be held from Oct 1-3 in Louisville, Ky.
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The products that PPG will showcase include Amercoat, Delfleet
Essential, Delfleet Evolution product lines and Commercial
Performance Coatings. Amercoat is a global brand of PPG
Protective & Marine Coatings and offers high-performance
coatings that protect industrial onshore and offshore steel
structures against corrosion in the world's most aggressive
Delfleet Essential is a simple, single-stage, compliant system
that delivers a quality finish at an economical price. It is an
ideal choice for refurbishing older vehicles or overall paint
jobs. Delfleet Evolution is PPG's premium paint system for
meeting the demanding needs and exacting specifications of
original equipment manufacturer (OEM) commercial vehicle makers
and fleet maintenance operations.
PPG Industries' experts will guide such requests and
provide companies with solutions for their equipment
maintenance, manufacturing processes and productivity. In case
the businesses face problems with color matching, corrosion or
coating performance, PPG will provide solutions to increase their
profitability and brand image while keeping an eye on lowering
manufacturing and maintenance costs.
PPG Industries, a prominent player in the paints industry along
), posted its second-quarter 2013 results on Jul 18. The company
posted earnings (barring one-time items) from continuing
operations of $2.45 a share in the quarter, which beat the Zacks
Consensus Estimate by 11 cents. The adjusted earnings exclude
Revenues rose 16% year over year to $4,095 million, yet missed
the Zacks Consensus Estimate of $4,115 million. Solid results in
the coatings business was driven by sales gains across automotive
OEM coatings, automotive refinish and aerospace. However, the
architectural coatings business was the weakest link in the
PPG Industries envisions sustained earnings momentum in the third
quarter of 2013 driven by similar factors that aided results in
the first half, including prudent cost management.
PPG Industries currently carries a Zacks Rank #3 (Hold).