PPG IndustriesNYSE: PPG

PPG Industries, Inc. (NYSE:PPG) will hold its Q3 2024 Earnings Conference Call on October 17, 2024, at 8:00 AM ET. Key participants from the company include Alejandro Lopez, Timothy Knavish, and Vincent Morales. Various analysts from firms like Mizuho, Wells Fargo, and Goldman Sachs will also be joining the call.

American Industrial Partners (AIP) has announced that its Capital Fund VIII will acquire the architectural coatings business of PPG in the U.S. and Canada. This investment aims to boost profitable growth for the Company, which is built on strong foundations and well-known legacy brands. The deal is expected to be finalized by late 2024 or early 2025, pending standard closing conditions.

PPG Industries, a company that produces paints and coatings, announced on Thursday that it will be letting go of 1,800 workers in the U.S. and Europe. This decision is part of their plan to reduce costs and will also involve closing several facilities.

PPG's sales dropped in the third quarter because global industrial production was weak, leading to lower demand in the Industrial Coatings area.

PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE: PPG), a worldwide leader in paints, coatings, and specialty materials, has announced a firm agreement to sell its entire architectural coatings business in the U.S. and Canada for $550 million to American Industrial Partners (AIP), an investment firm. This deal is anticipated to finalize in late 2024 or early 2025, pending standard closing conditions, following PPG's strategic review.

PITTSBURGH--(BUSINESS WIRE)--PPG's Board of Directors has announced a regular quarterly dividend of 68 cents per share, which will be paid on December 12 to shareholders who are on record as of November 12. This payment will represent the 53rd consecutive year of dividend increases and the 505th consecutive dividend payment. Thanks to the commitment of its employees, PPG has consistently paid annual dividends since 1899.

While the revenue and earnings per share (EPS) for PPG Industries (PPG) provide insight into its performance for the quarter ending September 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.

PPG Industries (PPG) reported quarterly earnings of $2.13 per share, which is slightly below the Zacks Consensus Estimate of $2.15 per share. This is an increase compared to earnings of $2.07 per share from the same period last year.

PPG is likely to have gained from its acquisitions, price adjustments, and savings from restructuring in the third quarter, despite a decline in demand.