PPG Industries Inc. PPG has announced the launch of the Glidden Diamond interior paint + primer by its Glidden brand. The new interior paint provides exceptional durability and guarantees lifetime satisfaction.
Gilden Diamond paint + primer has excellent scrubbability, washability and stain resistance, is 100% acrylic and delivers a smooth, beautiful finish with a diamond-tough durability that withstands daily wear and tear. It provides protection from harsh environments like kitchens, bathrooms, family rooms and kids’ rooms, and makes homes look good. Glidden Diamond paint + primer also provides outstanding hide and coverage, which provide great results.
Along with Glidden Diamond paint + primer, PPG Industries is also offering a new, high-quality product to the Home Depot shoppers, which has been made to cater to the durability needs of an active home. It also caters low-odor and zero-volatile organic compound (VOC) classification to the DIYers.
Glidden Diamond interior paint + primer possesses exceptional quality and performance that can be attained at an affordable price. Its provides a durability which is much better than more expensive super-premium paints. Glidden paint helps consumers achieve a great-looking room at an excellent value.
PPG Industries performed well in first-quarter 2016. Its adjusted earnings rose 11% year over year in the quarter that marked the thirteenth consecutive quarter of double-digit growth in earnings. The bottom line also beat the Zacks Consensus Estimate by a penny. Results were aided by higher sales volume, cost management and acquisition-related gains. However, sales of $3.7 billion lagged the Zacks Consensus Estimate. The company’s long term debt was $4.23 billion at the end of the quarter, up 5.5% year over year.
The company is working on developing as well as commercializing new consumer-driven technology. It is also improvising its branding strategies. As in the past, management is focused on reducing costs and completing the previously announced restructuring program. PPG Industries has also reaffirmed its plans to deploy $2–$2.5 billion cash during the 2015–2016 period toward acquisitions and share repurchases.
PPG Industries currently holds a Zacks Rank #2 (Buy).
Some other favorably-ranked companies in the chemical space include Innophos Holdings Inc IPHS, Innospec Inc. IOSP and Asahi Kasei Corp. AHKSY, all sporting a Zacks Rank #1 (Strong Buy).
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