PPG Industries’ (NYSE:PPG) Paints brand has launched a new website, Preferred Homeowner Portal, to provide new-home buyers discounts and rebates off retail prices, and ease paint touchups as well as updates.
The website has these offers for all homeowners whose houses are built by contractors using PPG Industries’ Paints products. Homeowners can get an ongoing 50% off paints and up to 25% discount on paint accessories. Moreover, they will receive another gallon of free paint, matching that of the builder’s color scheme for touchups. The site also helps buyers locate the nearest stores and provides painting tips to guide them.
The offer is not only valid at all PPG Industries’ Paint stores but also in participating independent retailer stores. If customers do not find a PPG Industries’ Paints store close by, they are entitled to receive a $5 off mail-in refund per gallon from over 15,000 retail stores that sell other PPG Industries’ products. These products include Glidden paint at The Home Depot (NYSE:HD) and Walmart (NYSE:WMT) stores, Olympic Paints and Stains at Lowe’s stores, Pittsburgh Paints & Stains products at Menards stores, and PPG Pittsburgh Paints products at independent retailers. PPG Industries’ Paints products are available across 2,400 locations, inclusive of company stores as well as independent retailers.
Additionally, the new portal is beneficial for contractors and builders. It helps them efficiently provide their customers with the products required. They can also customize the portal URL and add a company logo to the site to personalize it for their firm and client base.
Shares of PPG Industries rose around 0.9% to close at $104.73 on Aug 19.
The company’s adjusted earnings of $1.85 per share for the second quarter improved 10.8% year over year. Sales in the quarter were fairly consistent with the prior-year quarter, at $4,064 million. While earnings beat the Zacks Consensus Estimate, sales lagged the same. The bottom line was primarily boosted by the successful commercialization of innovative products, strong business and cost management as well as earnings-accretive cash deployment.
PPG Industries is committed toward delivering higher organic growth, including continued commercialization of its innovative, industry-leading coatings technologies. The reported quarter saw increased growth in Europe, Asia and Latin America. The company anticipates overall volume growth in the third quarter as it will start receiving benefits of growth initiatives undertaken in the past.
PPG Industries currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the chemical space include Mitsubishi Chemical Holdings Corporation MTLHY, Stepan Company (NYSE:SCL) and Innospec Inc. (NASDAQ:IOSP) , all sporting a Zacks Rank #1 (Strong Buy).
PPG INDS INC (PPG): Free Stock Analysis Report
INNOSPEC INC (IOSP): Free Stock Analysis Report
STEPAN CO (SCL): Free Stock Analysis Report
MITSUBISHI CHEM (MTLHY): Free Stock Analysis Report
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