PPG Industries

OverviewSuggest Edit

PPG Industries is a company that manufactures and distributes a range of paints, coatings, and specialty materials. It operates in two segments: Performance Coatings and Industrial Coatings. The Performance Coatings segment offers aerospace, architectural, automotive refinish, and protective and marine coatings. The Industrial Coatings segment provides automotive original equipment manufacturers (OEM), industrial, packaging, and specialty coatings and materials.
TypePublic
Founded1883
HQPittsburgh, PA, US
Websiteppg.com
Employee Ratings3.7
Overall CultureC+

Latest Updates

Employees (est.) (Dec 2021)49,300(+6%)
Job Openings1,701
Revenue (FY, 2021)$16.8 B(+22%)
Share Price (May 2022)$122.4
Cybersecurity ratingCMore
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Key People/Management at PPG Industries

Michael H. McGarry

Michael H. McGarry

Chairman and Chief Executive Officer
Vincent J. Morales

Vincent J. Morales

Senior Vice President and Chief Financial Officer
Kevin R. Walling

Kevin R. Walling

Vice President and Chief Human Resources Officer
Devashish Saxena

Devashish Saxena

Vice President and Chief Digital Officer
David S. Bem

David S. Bem

Vice President, Science and Technology and Chief Technology Officer
Daniel G. Korte

Daniel G. Korte

Global Vice President, Aerospace
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PPG Industries Office Locations

PPG Industries has offices in Pittsburgh, Adrian, Alexander, Atlanta and in 162 other locations
Pittsburgh, PA, US (HQ)
1 PPG Pl
Adrian, MI, US
961 Division St
Alexander, AR, US
11605 Vimy Ridge Rd
Atlanta, GA, US
1377 Oakleigh Dr
Barberton, OH, US
4829 Fairland Rd
Batavia, IL, US
1020 Olympic Dr
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PPG Industries Financials and Metrics

PPG Industries Revenue

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View revenue for all periods
PPG Industries's revenue was reported to be $16.8 b in FY, 2021
USD

Revenue (Q1, 2022)

4.3b

Gross profit (Q1, 2022)

1.6b

Gross profit margin (Q1, 2022), %

37.4%

Net income (Q1, 2022)

23.0m

Market capitalization (13-May-2022)

29.0b

Closing stock price (13-May-2022)

122.4

Cash (31-Mar-2022)

960.0m

EV

36.1b
PPG Industries's current market capitalization is $29 b.
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

15.4b15.1b13.8b16.8b

Revenue growth, %

4%(1%)(9%)

Cost of goods sold

9.0b8.7b7.8b10.3b

Gross profit

6.4b6.5b6.1b6.5b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

3.6b4.0b3.8b3.4b3.0b3.7b3.9b4.4b4.4b4.3b

Cost of goods sold

2.1b2.3b2.2b1.9b1.7b2.0b2.2b2.6b2.7b2.7b

Gross profit

1.6b1.7b1.6b1.5b1.3b1.7b1.6b1.7b1.6b1.6b

Gross profit Margin, %

43%43%43%44%44%45%42%40%37%37%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

1.2b1.8b1.0b

Accounts Receivable

2.8b2.7b3.2b

Inventories

1.7b1.7b2.2b

Current Assets

6.2b6.8b6.8b
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Cash

1.9b2.3b2.0b1.8b1.2b1.2b960.0m

Accounts Receivable

2.8b2.7b2.8b3.0b3.5b3.4b3.7b

Inventories

1.9b1.7b1.7b1.9b2.2b2.2b2.4b

Current Assets

7.1b7.1b7.0b7.3b7.4b7.3b7.6b
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

1.3b1.1b1.5b

Depreciation and Amortization

511.0m509.0m561.0m

Inventories

145.0m111.0m(279.0m)

Accounts Payable

(63.0m)127.0m295.0m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Net Income

248.0m345.0m796.0m385.0m818.0m1.2b23.0m

Depreciation and Amortization

129.0m252.0m384.0m129.0m266.0m412.0m145.0m

Inventories

(206.0m)(29.0m)36.0m(189.0m)(280.0m)(334.0m)(325.0m)

Accounts Payable

(87.0m)(347.0m)(23.0m)110.0m392.0m423.0m326.0m
USDFY, 2018

Revenue/Employee

325.0k
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PPG Industries Operating Metrics

FY, 2016FY, 2017FY, 2018

Manufacturing Facilities

140133128

Manufacturing Facilities (US and Canada)

393934

Manufacturing Facilities (EMEA)

565454

Manufacturing Facilities (Asia Pacific)

272626

PPG Industries Acquisitions / Subsidiaries

Company NameDateDeal Size
VersaflexFebruary 23, 2021
Worwag CoatingsJanuary 11, 2021
Tikkurila GroupDecember 18, 2020$1.1 b
Ennis-FlintNovember 30, 2020$1.15 b
Dexmet CorporationAugust 14, 2019
WhitfordMay 01, 2019
PaintzenJanuary 15, 2018$75 m
ProCoatings BVJanuary 02, 2018
The Crown Group IncJuly 20, 2017
Deutek SAOctober 01, 2016
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PPG Industries Revenue Breakdown

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PPG Industries revenue breakdown by business segment: 61.5% from Performance Coatings and 38.5% from Industrial Coatings

PPG Industries revenue breakdown by geographic segment: 17.7% from Asia Pacific, 10.2% from Latin America, 39.7% from United States and Canada and 32.4% from Europe, Middle East and Africa

Human Capital Metrics

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PPG Industries Cybersecurity Score

Cybersecurity ratingPremium dataset

C

74/100

SecurityScorecard logo

PPG Industries Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

PPG Industries Online and Social Media Presence

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PPG Industries Company Culture

  • Overall Culture

    C+

    68/100

  • CEO Rating

    C

    65/100

  • Compensation

    C+

    66/100

  • Diversity

    D

    53/100

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PPG Industries News and Updates

We have opened a new, $2.1 million architectural paint and coatings color automation laboratory in Milan, Italy.

The new facility will provide up to 100,000 paint color matches annually, providing master paint color formulations for new colors and existing colors when they are reformulated. The laboratory’s automated system dispenses colorants and base paint samples, mixes them, applies them and measures them,…

PPG Shareholders Vote to Enhance Corporate Governance, Eliminate Supermajority Voting Requirements

PPG (NYSE:PPG) today reconvened its adjourned annual meeting virtually where shareholders voted to amend the company’s Articles of Incorporation and Bylaws to replace the supermajority voting requirements. The PPG Board of Directors had recommended that shareholders vote “FOR” the proposal, enhancin…

PPG Opens Architectural Paints and Coatings Color Automation Laboratory in Milan

PPG (NYSE: PPG) today announced the opening of a new architectural paint and coatings color automation laboratory in Milan, Italy. The $2.1 million (2 million euros) facility will significantly increase the speed of developing paint color formulations.

PPG to Cut Carbon Dioxide Emissions at Italy Paint and Coatings Manufacturing Site With Investment in High-Efficiency Power Plant

PPG (NYSE:PPG) today announced the startup of a high-efficiency power-generation facility at its Quattordio, Italy, automotive paint and coatings manufacturing site. The facility is expected to reduce energy costs by 13% and carbon dioxide (CO2) emissions by 10% annually.

PPG Industries (PPG) – Research Analysts’ Recent Ratings Changes

PPG Industries (NYSE: PPG) has recently received a number of price target changes and ratings updates: 4/25/2022 – PPG Industries had its price target lowered by analysts at Morgan Stanley from $175.00 to $150.00. They now have an “equal weight” rating on the stock.

PPG to Invest $17 Million to Build Aerospace Application Support Center in France

PPG (NYSE:PPG) today announced that it will invest $17 million to build an aerospace application support center (ASC) in Toulouse, France. PPG anticipates breaking ground for the new facility in the third quarter of 2022 and beginning operations in the fourth quarter of 2023. The facility will be st…
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PPG Industries Blogs

PPG to present papers, highlight mobility, electronic materials solutions at IDTechEx 2019

Dateline City: PITTSBURGH Contacts Desiree Miller Industrial Coatings +1 412-508-2261 dmiller@ppg.com www.ppgindustrialcoatings.com Speak…

Study demonstrates improved vessel power efficiency, reduced speed loss with PPG marine hull coatings

Dateline City: PITTSBURGH Contacts Veronique Rossieau Protective and Marine Coatings +31-6-81612243 rossieau@ppg.com www.ppgpmc.com PITTSBURGH, Nov. 11, 2019 – PPG (NYSE:PPG) …

PPG Earns R&D 100 Recognition for PPG POWERCRON® 160 Anionic Epoxy Electrocoat

Dateline City: PITTSBURGH Next-generation coatings technology is single-source corrosion solution for multi-substrate pipes, castings PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE: PP…

PPG completes COLORFUL COMMUNITIES project at Millbrow Care Home in Widnes, United Kingdom

Dateline City: RUNCORN Contacts Ken Armistead Corporate Communications PPG EMEA +44 7740 771947 karmistead@ppg.com www.ppg.com RUNCORN, United Kingdom, Nov. 7, 2019 – PPG (NYS…

PPG’s Mt. Vernon plant to host students for National Manufacturing Day

Dateline City: MT. VERNON Contacts Greta Edgar Corporate Communications +1 724-316-7552 edgar@ppg.com Mark Silvey Corporate Communications +1 412-434-3046 silvey@ppg.com…

PPG to highlight high-transfer efficiency, extreme-edge protection coatings at FABTECH 2019

Dateline City: Pittsburgh Contacts PPG Media Contact: Desiree Miller Industrial Coatings +1 412-508-2261 dmiller@ppg.com www.ppgindustrialcoatings.com …
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PPG Industries Frequently Asked Questions

  • When was PPG Industries founded?

    PPG Industries was founded in 1883.

  • Who are PPG Industries key executives?

    PPG Industries's key executives are Michael H. McGarry, Vincent J. Morales and Kevin R. Walling.

  • How many employees does PPG Industries have?

    PPG Industries has 49,300 employees.

  • What is PPG Industries revenue?

    Latest PPG Industries annual revenue is $16.8 b.

  • What is PPG Industries revenue per employee?

    Latest PPG Industries revenue per employee is $340.8 k.

  • Who are PPG Industries competitors?

    Competitors of PPG Industries include Berkshire Hathaway, Dow and Evonik Industries.

  • Where is PPG Industries headquarters?

    PPG Industries headquarters is located at 1 PPG Pl, Pittsburgh.

  • Where are PPG Industries offices?

    PPG Industries has offices in Pittsburgh, Adrian, Alexander, Atlanta and in 162 other locations.

  • How many offices does PPG Industries have?

    PPG Industries has 177 offices.