The 2020 Global Top 10: No. 1 PPG
Chairman/CEO: Michael H. McGarry
Coatings Sales (Net): $15.1 billion
PPG’s global coatings business includes paints, coatings and specialty materials for the aerospace, architectural, automotive OEM, automotive refinish, industrial, packaging, and protective and marine industries, along with coatings services. Through leadership in technology, sustainability and color, PPG helps customers in industrial, transportation, consumer products, and construction markets and aftermarkets enhance more surfaces in more ways than does any other company.
Full-year 2019 reported net sales from continuing operations were $15.1 billion, and adjusted earnings per diluted share grew 5% year-over-year to $6.22. Full-year reported net income from continuing operations was $1.2 billion. The company’s Performance Coatings segment (Aerospace, Architectural Coatings – Americas and Asia Pacific; Architectural Coatings – Europe, Middle East and Africa; Automotive Refinish; and Protective and Marine Coatings businesses) comprised 60% of net sales, and its Industrial Coatings segment (Automotive OEM Coatings, Coatings Services, Industrial Coatings, Packaging Coatings, and Specialty Coatings and Materials businesses) comprised 40% of net sales.
Throughout 2019, PPG furthered its sustainability progress by reducing the environmental impact of its operations; developing products that enhanced customers’ sustainability; engaging communities for a brighter tomorrow; and strengthening its global workforce. To learn more about the company’s sustainability progress, visit sustainability.ppg.com.
As part of its community engagement focus, PPG and the PPG Foundation invested nearly $12 million in 2019 to support hundreds of community organizations across 38 countries. In addition, PPG reached a milestone by completing more than 300 COLORFUL COMMUNITIES® projects since the program’s inception in 2015. With more than 8,000 gallons (30,300 liters) of paint and 4,100 employee and community volunteers, PPG has brought color and brightness to community assets around the world, impacting more than 6.5 million people.
Source: Company contact
Notes: PPG completed four acquisitions in 2019: Whitford Worldwide Co., a global manufacturer that specializes in low-friction coatings for industrial applications; Hemmelrath, a global manufacturer of coatings for automotive original equipment manufacturers; Dexmet Corp., a manufacturer of specialty materials for surfaces in aerospace, automotive and industrial applications; and Texstars LLC, a manufacturer of high-performance transparencies, wingtip lenses and plastic components for aerospace and defense vehicles, and a leader in advanced transparent coatings. In the first half of 2020, the company completed the acquisition of Alpha Coating Technologies LLC, a manufacturer of powder coatings for light industrial applications and heat-sensitive substrates, and announced an agreement to acquire Industria Chimica Reggiana (ICR) S.p.A., a manufacturer of paints and coatings for the automotive refinish and light industrial coatings industries.
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