ppg industries' vision is to be the world’s leading coatings company by consistently delivering high-quality, innovative and sustainable solutions that customers trust to protect and beautify their products and surroundings. through leadership in innovation, sustainability and color, ppg provides added value to customers in construction, consumer products, industrial and transportation markets and aftermarkets to enhance more surfaces in more ways than does any other company. founded in 1883, ppg has global headquarters in pittsburgh and operates in more than 70 countries around the world. reported net sales in 2014 were $15.4 billion. ppg shares are traded on the new york stock exchange (symbol:ppg). for more information, visit www.ppg.com and follow @ppgindustries on twitter.
Company profile
Ticker
PPG
Exchange
Website
CEO
Michael McGarry
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
PITTSBURGH PLATE GLASS CO
SEC CIK
Corporate docs
Subsidiaries
AIPCF V Texstars Blocker Inc. • Alpha Coatings, Inc. • Cuming Microwave Corporation • Dexmet Corporation • Dexmet Holding Corporation • Ennis Canadian Holding Company • Ennis-Flint, Inc. • Metokote Corporation • Metokote Mexico Holdings, Inc. • Polymeric Systems, Inc. ...
IRS number
250730780
PPG stock data
Latest filings (excl ownership)
8-K
Amendments to Articles of Incorporation or Bylaws
23 Apr 24
8-K
Kathy Fortmann joins PPG Board of Directors
22 Apr 24
10-Q
2024 Q1
Quarterly report
19 Apr 24
8-K
Other Events
18 Apr 24
8-K
PPG reports first quarter 2024 financial results
18 Apr 24
DEFA14A
Additional proxy soliciting materials
21 Mar 24
ARS
2023 FY
Annual report to shareholders
7 Mar 24
DEFA14A
Additional proxy soliciting materials
7 Mar 24
DEF 14A
Definitive proxy
7 Mar 24
PRE 14A
Preliminary proxy
16 Feb 24
Transcripts
PPG
Earnings call transcript
2024 Q1
19 Apr 24
PPG
Earnings call transcript
2023 Q4
19 Jan 24
PPG
Earnings call transcript
2023 Q3
19 Oct 23
PPG
Earnings call transcript
2023 Q2
21 Jul 23
PPG
Earnings call transcript
2023 Q1
21 Apr 23
PPG
Earnings call transcript
2022 Q4
20 Jan 23
PPG
Earnings call transcript
2022 Q3
20 Oct 22
PPG
Earnings call transcript
2022 Q2
22 Jul 22
PPG
Earnings call transcript
2022 Q1
22 Apr 22
PPG
Earnings call transcript
2021 Q4
21 Jan 22
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 1.22 bn | 1.22 bn | 1.22 bn | 1.22 bn | 1.22 bn | 1.22 bn |
Cash burn (monthly) | 3.33 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 22.96 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 1.20 bn | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 358.5 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2023
58.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 906 |
Opened positions | 129 |
Closed positions | 257 |
Increased positions | 292 |
Reduced positions | 300 |
13F shares | Current |
---|---|
Total value | 19.66 tn |
Total shares | 137.93 mm |
Total puts | 228.56 k |
Total calls | 442.16 k |
Total put/call ratio | 0.5 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 24.48 mm | $3.66 tn |
JPM JPMorgan Chase & Co. | 14.31 mm | $2.14 tn |
STT State Street | 11.36 mm | $1.70 tn |
Wellington Management | 8.73 mm | $1.31 tn |
Massachusetts Financial Services | 8.00 mm | $1.20 tn |
IVZ Invesco | 4.16 mm | $622.35 bn |
WFC Wells Fargo & Co. | 3.63 mm | $543.08 bn |
Clearbridge Advisors | 3.59 mm | $537.48 bn |
MS Morgan Stanley | 3.52 mm | $527.10 bn |
Putnam Investments | 2.66 mm | $397.80 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
18 Apr 24 | Smith Cathy R | RSU Common Stock | Grant | Acquire A | No | No | 0 | 1,368 | 0.00 | 1,368 |
18 Apr 24 | III Chris Roberts | RSU Common Stock | Grant | Acquire A | No | No | 0 | 1,368 | 0.00 | 1,368 |
18 Apr 24 | Martin Richenhagen | RSU Common Stock | Grant | Acquire A | No | No | 0 | 1,368 | 0.00 | 1,368 |
18 Apr 24 | Ligocki Kathleen | RSU Common Stock | Grant | Acquire A | No | No | 0 | 1,368 | 0.00 | 1,368 |
18 Apr 24 | Michael W Lamach | RSU Common Stock | Grant | Acquire A | No | No | 0 | 1,368 | 0.00 | 1,368 |
17 Apr 24 | Smith Cathy R | Common Stock | Payment of exercise | Dispose F | No | No | 134.96 | 3 | 404.88 | 6,289 |
17 Apr 24 | Smith Cathy R | Common Stock | Option exercise | Acquire M | No | No | 0 | 1,174 | 0.00 | 6,292 |
17 Apr 24 | Smith Cathy R | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 1,174 | 0.00 | 0 |
17 Apr 24 | III Chris Roberts | Phamtom Stock Units Common Stock | Option exercise | Acquire M | No | No | 134.96 | 645 | 87.05 k | 650.865 |
17 Apr 24 | III Chris Roberts | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 645 | 0.00 | 0 |
News
BMO Capital Maintains Outperform on PPG Indus, Lowers Price Target to $165
23 Apr 24
PPG Industries Investors Are Concerned Margin Cycle Turning Lower, Says Analyst
22 Apr 24
RBC Capital Maintains Sector Perform on PPG Indus, Lowers Price Target to $141
22 Apr 24
Barclays Maintains Equal-Weight on PPG Indus, Lowers Price Target to $148
22 Apr 24
B of A Securities Maintains Buy on PPG Indus, Lowers Price Target to $164
22 Apr 24
Press releases
PPG appoints Pascal Tisseyre as vice president, government affairs, Europe, Middle East and Africa
22 Apr 24
PPG Board of Directors authorizes $2.5 billion share repurchase program
18 Apr 24
PPG Board of Directors announce quarterly dividend of 65 cents per share
18 Apr 24
PPG recognized on Newsweek's 'Most Trustworthy Companies in America 2024' list
28 Mar 24
PPG receives 'Gallup Exceptional Workplace Award' for second consecutive year
27 Mar 24