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PPG to service demand growth in the aerospace industry with its new manufacturing facility, which is set to be built in Shelby, NC.
PITTSBURGH--(BUSINESS WIRE)--PPG to invest $380 million to build new U.S. manufacturing facility in Shelby, N.C. for aerospace coatings and sealants.
The May collection of Dividend Kings grew to 55, with Automatic Data Processing and RLI Corporation joining, despite two companies dropping off for not increasing dividends. Six top-yield Dividend Kings, including Altria and Canadian Utilities, are now fairly priced, with annual dividends from $1K investments exceeding their single-share prices. Analysts predict net gains of 14.7% to 56.86% for the top ten Dividend Kings by yield for the coming year, based on target prices. Among the 55 Dividend Kings, 16 show negative free cash flow margins, making them cash-poor and unsafe for investment.
Investors interested in stocks from the Chemical - Specialty sector have probably already heard of H. B. Fuller (FUL) and PPG Industries (PPG).
Shares in paints and coatings company PPG (PPG 4.44%) rose by as much as 6.1% in early trading today as investors cheered its first-quarter earnings report and full-year guidance. Given the pressure on the economy due to the uncertainty around tariffs, any company that merely restates its full-year guidance must be looked at positively.
PPG Industries, Inc. PPG reported first-quarter 2025 profit of $396 million or $1.64 per share, down from $443 million or $1.71 per share in the year-ago quarter. Barring one-time items, adjusted earnings per share (EPS) fell to $1.72 from $1.87 in the year-ago quarter.
When the market is reaching toward all-time highs, I tend to start building a cash pile. When the market starts to get quite volatile and brings declines, that can create opportunities for putting some of that cash to work. With April's market slump, putting cash to work is exactly what I was doing; today, we are looking at 3 of the names that I added to during this market decline.
The headline numbers for PPG Industries (PPG) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
PPG Industries (PPG) came out with quarterly earnings of $1.72 per share, beating the Zacks Consensus Estimate of $1.62 per share. This compares to earnings of $1.86 per share a year ago.
PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE:PPG) today reported financial results for the first quarter 2025. First Quarter 2025 Consolidated Results $ in millions, except EPS 1Q 2025 1Q 2024 YOY change Net sales (a) $3,684 $3,849 (4)% Net income (a) $375 $405 (7)% Adjusted net income (a)(b) $396 $443 (11)% EPS (a) $1.64 $1.71 (4)% Adjusted EPS (a)(b)(c) $1.72 $1.87 (8)% (a) From continuing operations (b) Reconciliations of reported to adjusted figures are included below (c) Includes an unfavorable.