Petrochemical Price Headwinds and Slow Volume Growth Persist in 1Q for PPG
PPG Industries' operating margins narrowed entering 2018 versus the first quarter of 2017, as input cost inflation continues to outpace price increases. For the second straight year, rising oil prices have increased costs and weighed on margins for the firm. We think PPG's ability to raise prices more rapidly is constrained by weaker volume growth in many end markets throughout the coatings industry. Volume growth was just 0.5% from the prior year, with pockets of strength in aerospace and packa...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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