$109.900
-0.703 (-0.64%)收盤時
PPG 資訊
PPG 事件
S&P 500 and Nasdaq Hit New Highs Led by Tech Stocks
The S&P 500 and Nasdaq Composite registered another session of gains that was led by the rebound in Technology and pro-AI buildout names as strong performance among semiconductors and computer hardware stocks continued. In turn, Enterprise Software group was unable to sustain its resilient performance, with names like Salesforce, Adobe, and Intuitrolling over by 3%-4% on the day. Outside of Technology energy was the worst-performing sector on the S&P 500 as WTI Crude Oil slipped back toward $100 per barrel.In the opening hours of the evening session S&P e-Minis are up 0.1% and the Nasdaq 100 contract is up 0.2% despite the post-earnings selling in the stocks of Seagateand Logitech. Tomorrow the Fed begins its deliberations on a policy decision later in the week, with futures markets now pricing in a 93% chance of a rate hold.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -ICON Public Limited Companyup 9.9%Ultra Clean Holdings, Inc.up 9.8%PPG Industries, Inc.up 7.6%Crane Companyup 1.9%Rogers Corporationup 1.4%DOWN AFTER EARNINGS -Intappdown 16.7%CoStar Groupdown 8.0%Robinhood Marketsdown 7.3%NXP Semiconductors N.V.down 7.3%Logitech International S.A.down 5.2%Seagate Technologydown 5.1%Cheesecake Factorydown 3.3%F5, Inc.down 1.8%Visadown 1.1%
Company Adjusts Full-Year EPS Guidance to $7.90 to $8.10
The company expects fourth quarter organic sales growth of a low single-digit percentage and company adjusted EBITDA margin in the range of flat to an increase of 100 basis points year over year. We are improving our earnings outlook, resulting in a higher midpoint with a full-year adjusted earnings per share guidance range of $7.90 to $8.10.
PPG Reports Q3 Revenue of $4.35B, Beating Expectations
Reports Q3 revenue $4.35B, consensus $4.28B. Tim Knavish, PPG chairman and chief executive officer, commented on the quarter: "I am extremely encouraged by our performance as we delivered record third quarter EPS, an increase of +6% year over year. Our teams around the world executed with strong discipline, driving a solid 5% increase in organic sales, which marks our seventh consecutive quarter of growth. We outpaced the industry by 300 basis points, reflecting the quality of our businesses and the impact of our commercial actions. Adjusted EBITDA was 18.2% supported by exceptional results in our differentiated aerospace and architectural coatings Latin America businesses."
PPG Invests $70M to Expand Aerospace Transparencies Business in Alabama
PPG announced a $70M investment to expand its aerospace transparencies site in Huntsville, Alabama. The investment is part of a series of multi-year projects that support the company's ongoing efforts to increase production capacity and continued growth of PPG's aerospace transparencies business. The expansion includes the lease and build-out of a new 112,000-square-foot facility that will house production support functions, enabling additional manufacturing space at PPG's existing aerospace transparencies facility. The ongoing projects enhance the company's ability to meet growing customer demand for aircraft cockpit windows and passenger windows while positioning the site for future growth.
PPG Promotes Venkateshwarlu Kalsani to Associate Fellow
PPG announced that it has promoted scientist Venkateshwarlu Kalsani to PPG associate fellow. Kalsani joined PPG in 2007 and has helped advance technology platforms spanning fire protection, battery safety, industrial coatings, consumer electronics and marine applications. His work has generated more than $1 billion in cumulative business value for PPG.
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