PPG's New Flyer on Duranar Coatings - Analyst Blog
February 18 2014 - 4:55PM
Zacks
Coatings giant PPG Industries Inc. (PPG) has
released a new flyer which exhibits the specialty finishes and
environmentally advanced formulations for five of its Duranar
coatings.
The new flyer is a colorful one-page document titled ‘Duranar
Coating Innovations’. The leaflet contains information about
Duranar VARI-COOL coatings, which combine polychromatic pigments
with proprietary ULTRA-COOL infrared (IR)-reflective coating
technology by PPG.
The specialty of Duranar VARI-COOL coatings lies in their aesthetic
and energy-saving dimension that these gives to the metal roofs and
wall panels by shifting color when ambient light conditions and
viewing angles change. These coatings are also preferred as it
helps buildings use less air conditioning by deflecting solar
heat.
Apart from information about Duranar VARI-COOL coatings, the flyer
also includes information about Duranar pearl, Duranar textured
powder and Duranar liquid patterned-effect coatings. The uniqueness
of the Duranar pearl coats is that it leaves the metal surfaces
with a 3-D look by mixing shimmering effect pigments into the clear
coat layer instead of the white, ivory or beige-colored base
layer.
On the other hand, Duranar textured powder coatings gives a
distinctive salt-and-pepper appearance in a range of colors while
providing the hardness and solvent-free, low emissions of powder
coatings. Duranar liquid patterned-effect coatings are designed to
reflect the look of exotic metal finishes without the high cost
associated with those products.
The flyer readers can also get information regarding the “green”
and performance advancements associated with next-generation
Duranar coatings made with lead-free pigments. The flyer also
captures panel photos in bright oranges and yellows that exhibit
the vibrancy and colorfastness after five years of South Florida
exposure testing for heat, humidity and sunlight.
PPG Industries released its fourth-quarter 2013 results on Jan 16.
The company reported adjusted earnings from continuing operations
(excluding acquisition-related expenses of $4 million or 3 cents
per share) of $1.81 a share for fourth-quarter 2013, up 45% year
over year from $1.25 per share reported in the year-ago quarter.
The results exceeded the Zacks Consensus Estimate of $1.73 per
share.
Profit from continued operation (as reported) was $254 million or
$1.78 per share in the fourth quarter, surging roughly 33% from
$191 million or $1.23 per share posted in the prior-year quarter.
Healthy results in the fourth quarter were also backed by
continuing operating and cost discipline coupled with a higher
level of organic sales growth.
Revenues rose 14% year over year to $3,702 million in the quarter
from $3,243 million in the year-ago quarter and were also ahead of
the Zacks Consensus Estimate of $3,698 million. The year-over-year
rise is attributable to higher industry demand in aerospace and
automotive OEM coatings. The results were also aided by stabilizing
regional demand in Europe.
PPG Industries is a Zacks Rank #2 (Buy) stock.
Other companies in the chemical industry worth considering
include Methanex Corp. (MEOH), Northern
Technologies International Corp. (NTIC) and The
Dow Chemical Co. (DOW). While both Methanex and Northern
Technologies carry a Zacks Rank #1 (Strong Buy), Dow Chemical holds
a Zacks Rank #2 (Buy).
DOW CHEMICAL (DOW): Free Stock Analysis Report
METHANEX CORP (MEOH): Free Stock Analysis Report
NORTHERN TECH (NTIC): Free Stock Analysis Report
PPG INDS INC (PPG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
Methanex (NASDAQ:MEOH)
Historical Stock Chart
From Jun 2024 to Jul 2024
Methanex (NASDAQ:MEOH)
Historical Stock Chart
From Jul 2023 to Jul 2024