PPG Industries To Display Advanced Coatings At Vehicle Expo

PPG Industries (NYSE:PPG) will be displaying its entire range of advanced transparent coatings at the SID Vehicle Displays Detroit symposium and expo to be held in Livonia, MI, from Sep 27–28.

PPG Industries will showcase the coatings used on display glass and plastic substances. The company’s representatives at the event will also explain about the anti-smudge (AS), anti-glare (AG), anti-reflective (AR) and low-reflective (LR) coatings it manufactures. These coatings can be mixed into pre-engineered, pre-stacked and pre-packaged coatings solutions for automotive original equipment manufacturers (OEMs) and tier suppliers.

Additionally, PPG Industries will emphasize on its advanced conductive coatings, which include safe-on-substrate (SOS) alcohol-solvent-based coatings, Neptune Z Series water-based conductive paints, polymer thick film (PTF) ink products and thermosetting electrostatic discharge (ESD) coatings.

The symposium and expo, conducted by the Detroit Chapter of the Society for Information Display (“SID”), is visited by global producers of scientific, engineering and automotive products. Over a span of two days, leaders in the field share technical knowledge and technologies for advancement of in-car electronic-display.

Recently, PPG Industries also announced the display of its Duranar and Coraflon coatings range at Construct 2016, to be held in Texas from Sep 8–9. Additionally, the company will address an industry meeting and highlight a range of printed and digital color selectors, and specification tools at the event.

Shares of PPG Industries rose roughly 0.2% to close at $103.77 on Aug 18.

PPG Industries’ adjusted earnings of $1.85 per share for the second quarter of 2016 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.

Industrial Coatings segment sales were $1.44 billion, up 2.3% from the prior-year period and more than 4% in local currencies. Total sales volume grew over 3%, with all products witnessing a rise in sales volume. New technology in packaging coatings drove sales volume by mid-high single digits in every region. Net income for the segment was $292 million, up 12.3% year over year.

PPG Industries currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the chemical space include Mitsubishi Chemical Holdings Corporation MTLHY,Shin-Etsu Chemical Co. Ltd. (OTC:SHECY) and Innospec Inc. (NASDAQ:IOSP) , all sporting a Zacks Rank #1 (Strong Buy).