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PPG to Exhibit New Coatings Technology at Display Week

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PPG IndustriesPPG will highlight its full line of printed electronics, conductive coatings and display coatings during Display Week 2017 at the Los Angeles Convention Center from May 21-26. The company also revealed that two PPG experts will host an exhibitor presentation during the event.

The exhibition will focus on the commercialization of spray-applied transparent coatings with easy-to-clean (anti-smudge), anti-fingerprint, anti-glare and anti-reflective functional properties.

At the PPG booth, transparent functional coatings will be featured along with spray-applied coatings for electromagnetic interference (EMI), radio-frequency interference (RFI) and electrostatic discharge (ESD) protection as well as lightning-guard coatings. The company is a supplier of these display coatings for applications in consumer electronics, airplanes, automobiles, and military vehicles and equipment.

PPG Industries' shares have gained around 7% over the past three months, outperforming the Zacks categorized Chemicals-Diversified industry's 1.8% gain.

The company has a diversified business, both in terms of products offered and geographical presence. The company's strong presence in emerging regions has enabled it to deliver growth to shareholders by tapping opportunities there. PPG Industries is also taking initiatives to expand its business through acquisitions.

PPG Industries has announced certain restructuring measures to lower its cost structure globally. Special emphasis will be put on regions and end-use markets with the weakest business. The restructuring actions are expected to deliver $120-$130 million in annual savings, with $40-$50 million of savings expected to be realized in 2017.

The company also has an impressive record of returning cash to shareholders through dividends and share buybacks. PPG Industries expects to deploy $2.5-$3.5 billion cash in acquisitions and share repurchases for 2017 and 2018 combined.

PPG Industries, however, is exposed to unfavorable currency exchange translation. The company also continues to face macroeconomic challenges. It sees moderate growth in emerging economies in 2017. The company's operating results are also exposed to the cost of raw materials and energy.

PPG Industries, Inc. Price and Consensus

PPG Industries, Inc. Price and Consensus | PPG Industries, Inc. Quote

Zacks Rank & Key Picks

PPG Industries currently carries a Zacks Rank #3 (Hold).

Some better-ranked companies in the chemical space include BASF SE BASFY , The Chemours Company CC and Kronos Worldwide Inc KRO . All the three stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.

BASF has expected long-term growth of 8.6%.

Chemours has expected long-term growth of 15.5%.

Kronos has expected long-term growth of 5%.

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PPG Industries, Inc. (PPG): Free Stock Analysis Report

BASF SE (BASFY): Free Stock Analysis Report

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Chemours Company (The) (CC): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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