PPG: Trian's Potential Investment Thesis [Seeking Alpha]
PPG Industries, Inc. (PPG)
Last ppg industries, inc. earnings: 4/27 04:20 pm
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US:NYSE Investor Relations:
investor.ppg.com
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Source: Seeking Alpha
Summary Introduction: On October 9 th , Trian Partners filed an amended 13F which disclosed their newest investment, PPG Industries ( PPG ). Along with Sherwin-Williams ( SHW ) and AkzoNobel, PPG is one of the world’s largest coating companies. The shares have underperformed and traded sideways over the last five years and the valuation has compressed. Recently, investors appear to be concerned with rising raw material costs and a peaking economic environment. In fact, PPG pre-announced a profit warning for the third quarter where they expect earnings to come in below expectations due to significant raw material inflation and weaker than expected demand in China. However, the coatings industry is generally regarded as an attractive one that benefits from close customer relationships and low capital intensity which results in a mid-teens return on capital . Trian has historically looked for companies that have unique characteristics (orphan businesses, con
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PPG
News
- PPG Industries (PPG) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- PPG Industries' (PPG) Q1 Earnings In Line, Sales Lag Estimates [Yahoo! Finance]Yahoo! Finance
- PPG Industries, Inc. (NYSE: PPG) had its price target lowered by analysts at UBS Group AG from $156.00 to $150.00. They now have a "neutral" rating on the stock.MarketBeat
- PPG Industries (PPG) Reports Q1 Earnings: What Key Metrics Have to Say [Yahoo! Finance]Yahoo! Finance
- PPG Board of Directors authorizes $2.5 billion share repurchase program [Yahoo! Finance]Yahoo! Finance
PPG
Earnings
- 4/18/24 - In-Line
PPG
Sec Filings
- 4/19/24 - Form 10-Q
- 4/19/24 - Form 4
- 4/19/24 - Form 4
- PPG's page on the SEC website