Channel Shift From Lowe's to Home Depot to Weigh on PPG's Second-Half Results; Maintaining $103 FVE
After more than a year of operating margin pressure, PPG's second-quarter results showed a slowdown in the decline. Input prices remain a meaningful headwind, with oil-based components up meaningfully versus the year prior, along with higher transportation costs and rising tinplate prices. However, the company successfully pushed prices up by roughly 2% in local-currency terms, with further prices increases announced in the coming quarters. In addition, PPG was also able to boost volumes by more...PPG Industries manufactures and distributes a range of paints, coatings and specialty materials. The company's business is comprised of two reportable business segments: Performance Coatings, which primarily supplies a variety of protective and decorative coatings, sealants and finishes along with paint strippers, stains and related chemicals, as well as transparencies and transparent armor; and Industrial Coatings, which primarily supplies a variety of protective and decorative coatings and finishes along with adhesives, sealants, metal pretreatment products, optical monomers and coatings, precipitated silicas and other specialty materials.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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