PPG Industries
- Revenue$16.8 BFY, 2021
- Market Capitalization$29 B2022-05-13
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.
| Type | Public | |
| Founded | 1883 | |
| HQ | Pittsburgh, PA, US | Map |
| Website | ppg.com | |
| Employee Ratings | ||
| Overall Culture | C+ | More |
Recent NewsAll News
- We have opened a new, $2.1 million architectural paint and coatings color automation laboratory in Milan, Italy.
- PPG Shareholders Vote to Enhance Corporate Governance, Eliminate Supermajority Voting Requirements
- PPG Opens Architectural Paints and Coatings Color Automation Laboratory in Milan
- PPG to Cut Carbon Dioxide Emissions at Italy Paint and Coatings Manufacturing Site With Investment in High-Efficiency Power Plant
Key People/Management at PPG Industries
Michael H. McGarry
Chairman and Chief Executive Officer
Vincent J. Morales
Senior Vice President and Chief Financial Officer
Kevin R. Walling
Vice President and Chief Human Resources Officer
Devashish Saxena
Vice President and Chief Digital Officer
David S. Bem
Vice President, Science
and Technology and Chief Technology Officer
Daniel G. Korte
Global Vice President, Aerospace
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
PPG Industries Financials and Metrics
PPG Industries Revenue
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
Quarterly
Annual
Annual
Quarterly
| USD | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
|---|---|---|---|---|---|---|---|
Net Income | 248.0m | 345.0m | 796.0m | 385.0m | 818.0m | 1.2b | 23.0m |
Depreciation and Amortization | 129.0m | 252.0m | 384.0m | 129.0m | 266.0m | 412.0m | 145.0m |
Inventories | (206.0m) | (29.0m) | 36.0m | (189.0m) | (280.0m) | (334.0m) | (325.0m) |
Accounts Payable | (87.0m) | (347.0m) | (23.0m) | 110.0m | 392.0m | 423.0m | 326.0m |
| USD | FY, 2018 |
|---|---|
Revenue/Employee | 325.0k |
PPG Industries Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Versaflex | February 23, 2021 | |
| Worwag Coatings | January 11, 2021 | |
| Tikkurila Group | December 18, 2020 | $1.1 b |
| Ennis-Flint | November 30, 2020 | $1.15 b |
| Dexmet Corporation | August 14, 2019 | |
| Whitford | May 01, 2019 | |
| Paintzen | January 15, 2018 | $75 m |
| ProCoatings BV | January 02, 2018 | |
| The Crown Group Inc | July 20, 2017 | |
| Deutek SA | October 01, 2016 |
PPG Industries Revenue Breakdown
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
PPG Industries Cybersecurity Score
PPG Industries Environment, Social & Governance (ESG) Ratings
PPG Industries Online and Social Media Presence
30.86k Twitter followers
PPG Industries has 30.86k Twitter Followers. The number of followers has increased 4.4% month over month and increased 6.2% quarter over quarter
PPG Industries's Trends
Twitter Engagement Stats for @PPG
6.8k
Tweets
1k
Following
30.9k
Followers
42
Tweets last 30 days
2.6
Avg. likes per Tweet
97.6%
Tweets with engagement
PPG Industries Company Culture
Overall Culture
C+
68/100
CEO Rating
C
65/100
Compensation
C+
66/100
Diversity
D
53/100
PPG Industries News and Updates
May 10, 2022
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,…
May 09, 2022
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…
May 06, 2022
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.
May 04, 2022
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.
May 02, 2022
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.
April 28, 2022
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…
PPG Industries Blogs
November 12, 2019
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…
November 11, 2019
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) …
November 11, 2019
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…
November 07, 2019
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…
November 07, 2019
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…
November 06, 2019
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
…
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.
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