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PPG 资讯
PPG 事件
PPG Appoints Three Senior Executives to Lead Global Business Segments
PPG announced the appointment of three senior executives to lead each of its global reportable business segments: Industrial Coatings, Performance Coatings and Global Architectural Coatings. Effective Sept. 1: Alisha Bellezza, currently senior vice president, global automotive coatings and packaging coatings, has been appointed senior vice president, Industrial Coatings segment. In this new, expanded role, Bellezza will continue to lead the global automotive coatings business in addition to oversight of the industrial coatings, packaging coatings and specialty products businesses. Juliane Hefel, senior vice president, industrial coatings and specialty products, will report to Bellezza and continue to serve on PPG's Operating Committee. Denise Lu, vice president, packaging coatings, will continue to report to Bellezza. Chancey Hagerty, currently senior vice president, global automotive refinish coatings and aerospace, has been appointed senior vice president, Performance Coatings segment. In this new, expanded role, Hagerty will continue to lead the global automotive refinish coatings business in addition to oversight of the aerospace, protective and marine coatings and traffic solutions businesses. Sam Millikin, senior vice president, global aerospace, will continue to report to Hagerty. Amy Ericson, senior vice president, protective and marine coatings and traffic solutions, will report to Hagerty. Both Millikin and Ericson will continue to serve on PPG's Operating Committee. Henrik Bergstrom, currently senior vice president, global architectural coatings, has been appointed senior vice president, Global Architectural Coatings segment. Javier Sosa, vice president, architectural coatings, LATAM and president, PPG LATAM; John Smith, vice president, architectural coatings, EMEA; and Claire-Louise Walker, managing director and general manager, architectural coatings ANZ, will continue to report to Bergstrom.
PPG Appoints Justin Epler as VP of Industrial Coatings Americas
PPG announced that Justin Epler has been appointed vice president, Industrial Coatings Americas, effective Aug. 1, 2026. He will report directly to Juliane Hefel, senior vice president, Industrial Coatings and Specialty Products. Epler will succeed Hendekea Azene, who has decided to leave PPG for an outside opportunity.
Consumer Defensive and Healthcare Sectors Perform Strongly This Week
Counter-cyclical Consumer Defensive and Healthcare sectors have been by far the best performing areas of the market this week, and that was once again the case today as investors continue to rotate from "AI-on" into "AI-off" themes. In addition to Packaging, Beverage, Tobacco, and other Staples, Software and IT Services names were particularly strong - IBMbounced 5% and has now gained 10% from its post-pre-announcement lows while Workdayand ServiceNow- software stocks routinely punished for being especially threatened in being made "obsolete" by AI - were up 8% and 5%. In turn, Semiconductors, Memory, Hardware and Equipment stocks were all hard-hit yet again - Micronfell 9%, Sandiskwas down 14%, and Western Digitalslipped 7% in Tuesday's trading.In the opening hour of the evening session, sentiment remains at the whims of heightened headline risk, with S&P e-minis contract flat and Nasdaq 100 trading down by 0.2%. KLA Corp- the largest technology market cap out with results afterhours - fell 9% despite beating on top and bottom lines as traders noted compressing margins. Seagatewas also volatile, having pared its gains to trade slightly negative after jumping as high as 7% initially on earnings before recovering for a 6% advance into the end of the afterhours session. Geopolitical concerns were also "front and center" Tuesday evening - WTI crude oil spiked over 4% above $82.50 per barrel after U.S. CentCom reported that Iran has launched a missile strike on a U.S. base in Jordan. Traders are similarly on edge heading into Wednesday's FOMC decision - swaps markets are pricing in a 70% chance of a rate hold against a 30% probability of a rate hike, though with inflation concerns rekindled by renewed Middle East tensions, yields have risen across the curve relative to the last time the Fed met in June.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Rocky Brandsup 16.2%Teradyneup 11.6%Manhattan Associatesup 9.9%Bloom Energyup 7.6%Seagate Technologyup 6.3%Ford Motor (up 3.9%The Cheesecake Factory (CAKE) up 3.7%ALSO HIGHER -Verra Mobilityup 26.6% after reaching framework agreement with Avis Budget on seven-year tolling and violations services contractDOWN AFTER EARNINGS -CoStar Groupdown 13.0%Logitech Internationaldown 11.1%Skyworks Solutionsdown 10.6%KLA Corporationdown 10.0%NXP Semiconductorsdown 5.2%SK hynixdown 5.1%PPG Industries, Inc.down 3.6%Waste Managementdown 2.6%Visadown 1.5%Caesars Entertainmentdown 0.3%
Company Expects Q3 Organic Sales Growth
The company "expects third quarter organic sales growth in the range of a low single-digit to a mid-single-digit percentage and company adjusted EBITDA margin in the range of flat to a decline of 100 basis points year over year. We are reaffirming our full-year adjusted earnings per share guidance range of $7.70 to $8.10. This reflects the momentum of share gains and self-help actions, along with an updated view of global economic activity, foreign exchange rates as well as regional and business mix."
PPG Reports Q2 Revenue of $4.50B, Beating Expectations
Reports Q2 revenue $4.50B, consensus $4.36B. Tim Knavish, CEO, stated: "I am proud to announce that PPG delivered its sixth consecutive quarter of organic sales growth, a solid increase of 4%, with equal contributions from sales volumes and selling prices. We outpaced the industry by 300 basis points, achieving organic growth in all three segments and in eight of our nine businesses, demonstrating our ability to accelerate momentum in a complex and evolving environment. Adjusted EPS of $2.23 was slightly higher year over year driven by strong results in our differentiated aerospace and architectural coatings Latin America businesses, offsetting lower sales volumes in automotive refinish coatings. Our Global Architectural Coatings segment achieved 2% organic sales growth and EBITDA margin improvement of 100 basis points led by strength in Latin America and modest growth in Europe. Long-term organic sales and margin expansion in this segment is driven by high-performance products, strong brand recognition, and cost control actions, along with excellent commercial execution. Performance Coatings segment organic sales grew 3%, benefiting from strong demand for our aerospace and protective and marine coatings products. Margin declined year over year, driven by weaker automotive refinish coatings demand, as the recovery of insurance claims improved more gradually than anticipated. Automotive refinish coatings organic sales are projected to grow in the second half of the year in the range of a low to mid-single-digit percentage due to the phasing of PPG customer order patterns last year. Aerospace industry demand is expected to remain robust, and our technology-advantaged products position us well to deliver consistent above-industry growth in this key business. In our Industrial Coatings segment, we are delivering on previously communicated share gains in all three businesses, resulting in sales volume growth of 5%. This performance was due to double-digit percentage growth in packaging coatings and mid-single-digit percentage growth in both automotive original equipment manufacturer (OEM) and industrial coatings. Price was flat for the quarter, following previous price declines, as we executed new pricing actions. Our ability to outpace industry growth is driven by technology leadership, investment in product innovation, and commercial excellence. The company has proactively made price adjustments globally and across all of our businesses, resulting in a 2% selling price improvement in the quarter. Costs have risen for raw materials, energy, logistics and packaging across the coatings value chain. In the second quarter we covered about 90% of the cost of goods sold inflation and expect to cover 100% by the fourth quarter, one quarter ahead of our original commitment. This represents a faster rate of price realization than we achieved during previous cycles. Looking ahead, we expect robust organic sales growth across most of our businesses in the third quarter, with aggregate growth in the low single-digit to mid-single-digit percentage range, led by strength in aerospace, Latin American architectural coatings, and packaging coatings. We are reaffirming our full-year earnings per share guidance range of $7.70 to $8.10. This demonstrates our confidence in our earnings trajectory given our positive momentum, realization of pricing, and execution of self-help actions."
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