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2019. Current assets: Cash and cash equivalents $ 2,008 $ 1,216 $ 1,432 Short-term investments . Company Reviews; Company Culture; How Are Businesses Really Treating Employees During COVID-19? At PPG, we work every day to develop and deliver the paints, coatings and materials that our customers have trusted for more than 135 years. 2019 . For full-year 2019, the company returned about $800 million to shareholders, including approximately $325 million of share repurchases and about $470 million in dividends. Kingdom, Kalon South Africa Proprietary Limited – Full-year 2019 reported net sales from continuing operations were approximately $15.1 billion, down 1.5% versus the previous year, including net unfavorable foreign currency translation of about 3%, or approximately $400 million. Read more . PPG INDUSTRIES, INC. AND SUBSIDIARIES: CONDENSED CONSOLIDATED BALANCE SHEET HIGHLIGHTS (unaudited) ($ in millions) September 30 December 31 September 30 2020 . Income tax expense on pre-tax income from continuing operations includes tax … PPG Industries' mission is to serve customers through effective use of our resources, to provide a fulfilling workplace for our employees, to be recognized as an outstanding corporate citizen, and to generate superior returns to our shareholders. I understand that I may later withdraw my consent to receive these materials by following the message's opt out instructions. Performance Coatings segment fourth quarter net sales were nearly $2.2 billion, 2% higher than the previous year. Information about key financial and legal advisors for PPG Industries, Inc.'s financial deals transactions. as Corporate Parent. You are here: Home » Search » Search Results » Document. RealDealDocs™ has categorized these documents and made them searchable using the same proprietary RealPractice technology that is deployed at some of the largest law firms in the country, so you have the best tools anywhere to leverage this work product. PPG Industries Ohio, Inc. manufactures paint products. We also continued our legacy of returning cash to shareholders, with about $800 million returned in 2019 through share repurchases and dividends, including a per share dividend increase for the 48th consecutive year,” McGarry continued. PPG's products are sold to a wide variety of end users, including the automotive, aerospace, construction, and … Yes, I would like the opportunity to receive e-mails containing information, product updates, e-newsletters, samples, promotional offers and rebates from brands of PPG Industries, Inc. and its subsidiaries. 401 431 414 Total current … The company's line of business includes holding or owning securities of companies other than banks. 2018. PRECEDENTIAL UNITED STATES COURT OF APPEALS FOR THE THIRD CIRCUIT _____ No. It is headquartered in PPG Place, a popular office and retail complex in . 1,672 1,710 For the fourth quarter 2019, the effective and adjusted tax rates were both about 24%. Fourth quarter 2018 reported net income from continuing operations was $256 million, or $1.07 per diluted share, and adjusted net income from continuing operations was $271 million, or $1.15 per diluted share. United Kingdom, Compagnie Equatoriale des Peintures – Fitch Ratings - Chicago - 23 Dec 2020: Fitch Ratings has affirmed the Long-Term Issuer Default Rating (IDR) and senior unsecured ratings of PPG Industries, Inc. (PPG) at 'A-'. California, Sierracin/Sylmar Corporation – Ppg Industries Inc Exh 21 List Of Subsidiaries for PPG INDUSTRIES INC - Sample agreements, legal documents, and contracts from RealDealDocs. PPG Industries' mission is to serve customers through effective use of our resources, to provide a fulfilling workplace for our employees, to be recognized as an outstanding corporate citizen, and to generate superior returns to our shareholders. PPG Industries Jobs in Pittsburgh; PPG Industries Jobs in Cleveland; Related Companies; PPG Jobs; Eaton Jobs; BD Jobs; Jobs Tips; 11 Recession-Proof Jobs; How to Get a Job; The Perfect Resume Looks Like This; How to Write A Cover Letter; 9 Attention-Grabbing Cover Letter Examples; New On Glassdoor; Best Cities for Jobs 2020 John Bruno All Rights Reserved. Figures in the table may not recalculate due to rounding. PPG Industries, Inc. is a global producer of protective and decorative coatings, adhesives, sealants, flat glass, continuous-strand fiberglass, fabricated glass products, and industrial and specialty chemicals. Islands, Gabonaise de Peintures et Laques – Sales in 2012 were $15.2 billion. Consequently, while the list of factors presented here and in our 2018 Annual Report on Form 10-K are considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. All content is posted anonymously by employees working at PPG Industries. Subsidiaries of the Registrant. Subsidiaries to PPG Industries include SPRAYLAT, COLOR WHEEL PAINTS COATINGS, and Sierracin/Sylmar. Significant subsidiaries included in the 2010 consolidated financial statements of the Company are: Percentage of Voting Power . Net sales $ 2,843 2,756 3,028 Inventories . PPG INDUSTRIES, INC. AND SUBSIDIARIES: CONDENSED CONSOLIDATED BALANCE SHEET HIGHLIGHTS (unaudited) ($ in millions) June 30 December 31 June 30 2020 . Delaware, PPG Industries Fiber Glass Products, Inc. Significant subsidiaries included in the 2018 consolidated financial statements of the Company are: United States and Canada: Jurisdiction of Incorporation or Organization ... PPG Industries … In addition, adjusted net income, adjusted earnings per diluted share from continuing operations and the adjusted effective tax rate from continuing operations may not be comparable to similarly titled measures as reported by other companies. December 31, 2018. Best Places to Work UK; 8 Companies Employees Love Working for PPG Industries is an American global supplier of paints, coatings, optical products, specialty materials, chemicals, glass, and fiberglass. Given these expectations, our full-year 2020 financial guidance is as follows: “Our guidance range is broad reflecting the heightened level of uncertainty at this particular time. PPG Industries, Inc. Thu 27 Aug, 2020 - 3:41 PM ET Fitch Ratings affirmed the ratings of PPG Industries, Inc., including the company’s Issuer Default Rating (IDR) and unsecured debt ratings at ‘A–’ and the company’s Short-Term IDR and CP ratings at ‘F1’ in April 2020. Industrial Coatings segment fourth quarter net sales were about $1.5 billion, down $16 million, or 1%, versus the prior-year period. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) ($ in millions) The condensed consolidated statements of operations include the impact of items that management does not include when evaluating the performance of the business on a quarterly basis. Tax Rate, Effective tax rate, continuing operations, Adjusted effective tax rate, continuing operations, excluding certain items, Full Year With headquarters in Pittsburgh, Pennsylvania, PPG operates in more than 70 countries around the globe. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. I am pleased that we achieved our earnings target despite macroeconomic conditions that weakened throughout the year. PPG (NYSE:PPG) today reported fourth quarter 2019 net sales of nearly $3.7 billion, up approximately 1% versus the prior year. PPG Industries has 47,600 employees across 189 locations and $15.15 B in annual revenue in FY 2019. 2019. Reasons to buy. We have an outstanding team and are well-positioned strategically and financially to continue our growth,” concluded McGarry. “Strategically, we completed several acquisitions during the year including Whitford, Hemmelrath, Dexmet, and Texstars. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. R.L. 2009 . https://www.businesswire.com/news/home/20200116005148/en/, PPG Media Contact: Exhibit 21. Today, PPG Industries is a global supplier of coatings, glass, fiberglass, and chemicals. PPG – Color – Solventborne Systems. Fourth quarter corporate expenses of about $65 million, including higher non-recurring employee benefit costs of about $5 million during the quarter. PPG INDUSTRIES, INC. AND SUBSIDIARIES: CONDENSED CONSOLIDATED BALANCE SHEET HIGHLIGHTS (unaudited) ($ in millions) September 30 December 31 September 30 2020 2019. Participants can pre-register for the conference by navigating to http://dpregister.com/10137492. This is the PPG Industries company profile. Reconciliations of the reported to adjusted figures are included below. Income Subsidiaries of the Registrant. PPG Industries, Inc. is an American Fortune 500 company and global supplier of paints, coatings, and specialty materials.With headquarters in Pittsburgh, Pennsylvania, PPG operates in more than 70 countries around the globe.By revenue it is the largest coatings company in the world followed by AkzoNobel. Register | Course Info PPG believes investor’s understanding of the company’s performance is enhanced by the disclosure of net income from continuing operations, earnings per diluted share from continuing operations and PPG’s effective tax rate from continuing operations adjusted for certain items. Read More. South Africa, PPG Architectural Coatings UK Limited – ET today, Jan. 16, 2020, through Jan. 14, 2021. Fitch has also affirmed PPG's short-term IDR and CP ratings at 'F1'. In achieving this mission, our enterprise will be publicly owned, diversified, and global in operation. Sales in 2012 were $15.2 billion. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. CF Industries Holdings, Inc. is a North American manufacturer and distributor of agricultural fertilizers, based in Deerfield, Illinois, a suburb of Chicago. There are 2606 companies in the PPG Industries Ohio, Inc. corporate family. PPG Industries General Information Description. jbruno@ppg.com, The PPG logo is a registered trademark and Colorful Communities and We protect and beautify the world are trademarks of PPG Industries Ohio, Inc. © PPG Industries, Inc. All Rights Reserved. Unfavorable foreign currency translation impacted net sales by approximately 1%, or about $30 million, and acquisition-related sales, net of divestitures, added nearly 3% to net sales. Reconciliations of the reported to adjusted figures are included below. For the fourth quarter 2018, the effective and adjusted tax rates were approximately 24% and 26% respectively. Capital expenditures totaled about $415 million. PPG Industries serves customers throughout the world. Segment income for the fourth quarter was $203 million, up $16 million, or about 9%, year-over-year, including unfavorable foreign currency translation impacts of $2 million. Employees at the parent company, PPG Industries, earn $52,000. Higher selling prices contributed 2% to net sales. Net income from continuing operations, earnings per diluted share from continuing operations and the effective tax rate from continuing operations adjusted for these items are not recognized financial measures determined in accordance with U.S. generally accepted accounting principles (“U.S. Delaware, PRC-DeSoto International, Inc. – 2019. Argentina, PPG Industries de Mexico, S.A. de C.V. – I understand that I may later withdraw my consent to receive these materials by following the message's opt out instructions. Most major channels in the architectural coatings – Americas and Asia-Pacific business delivered favorable year-over-year net sales for the quarter, including U.S. company-owned same store sales. +1-412-434-3466 2,673 2,756 3,332 Inventories . Earnings per diluted share is calculated based on unrounded numbers. PPG INDUSTRIES, INC. AND SUBSIDIARIES: CONDENSED CONSOLIDATED BALANCE SHEET HIGHLIGHTS (unaudited) ($ in millions) September 30 December 31 September 30 2020 2019. For its first 56 years, it was a federation of regional agricultural supply cooperatives. December 31, 2010. Th And Consolidated Subsidiaries. PPG Industries Ohio, Inc. is located in Cleveland, OH, United States and is part of the Paint & Coating Manufacturing Industry. de C.V. – Mexico, PPG Industrial do Brasil – Tintas E During the 1900s, PPG becomes one of the first U.S. firms to expand operations in Europe, acquiring a glass plant in Belgium.Glass and paint provided continued growth in the 1920s, as the automotive industry and skyscraper construction expanded. SUBSIDIARIES OF THE REGISTRANT . However, it is not possible to predict or identify all such factors. Segment volumes were relatively flat. 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