“We continued to deliver strong financial results, including 20 percent adjusted earnings-per-share growth. Contributing to our record performance were the benefits from our recent strategic actions and cash deployment. These included incremental acquisition-related earnings along with a 2 percent reduction in our share count as compared to the prior year.
Both of our coatings segments delivered all-time-record first quarter earnings, and the glass segment delivered its highest first quarter earnings in more than 10 years. Our ongoing cost and productivity initiatives, continued PPG volume growth in certain end-use markets and an accelerating company growth rate in emerging regions aided our segment results. “
On April 16, 2015, PPG’s Board of Directors approved a two-for-one split of the Company’s common stock payable on June 12, 2015. This means that for every share of the Company’s common stock you own on June 12, 2015, you will receive one additional share. Shares of the Company’s common stock will begin trading on June 15, 2015 at half of the closing price on June 12, 2015. Thereafter, the price of the shares will be based on market conditions.
The goal of the split is to expand the Company’s shareholder base and increase liquidity in trading of the shares. The split will make the price of shares of the Company’s common stock more affordable and potentially more attractive to new investors.
Click here for Frequently Asked Questions about PPG’s two-for-one stock split.
PPG Industries is a leader in its markets; is a streamlined, efficient manufacturer; and operates on the leading edge of new technologies and solutions. It is our vision to continue being the world’s leading coatings and specialty products and services company, serving customers in construction, consumer products, industrial and transportation markets and aftermarkets. PPG has manufacturing facilities and equity affiliates in more than 60 countries around the globe.
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|05/29/15||PPG Launches $10 Million ‘Colorful Communities’ Charitable Giving Initiative|
|Volunteers, paint to help revitalize important community assets around
PITTSBURGH--(BUSINESS WIRE)--May 29, 2015--
PPG Industries (NYSE:PPG) today announced plans to expand its
investments in global communities where the company operates with the
launch of a $10 million initiative called “Colorful Communities.”
The program, which will focus on renewal projects that incorporate
employee volunteerism opportunities, was announce... || |
|05/27/15||PPG Earns Environmental Achievement Award for GREEN LOGIC Matrix Systems|
|PITTSBURGH--(BUSINESS WIRE)--May 27, 2015--
PPG Industries (NYSE:PPG) today announced that GREEN LOGIC® Matrix paint
detackifier systems have been recognized by the Environmental Management
Association (EMA) with the 2014 Environmental Achievement Award. The Green
Logic Matrix system for automotive manufacturing was recognized by
EMA for exhibiting a commitment to the environment and using resources
from the environment to provide innovative solutions to... || |
|05/12/15||PPG Announces Executive Appointments|
|PITTSBURGH--(BUSINESS WIRE)--May 12, 2015--
PPG Industries (NYSE:PPG) today announced executive appointments
effective June 1.
Vince Morales, currently vice president, investor relations, will become
vice president, investor relations, and treasurer. Morales will report
to Executive Vice President and Chief Financial Officer Frank Sklarsky.
Since joining PPG in 1985, Morales has advanced through various finance
leadership roles of increasi... || |
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