The company's products protect the track walls, grandstands, fueling stations, and building signage at the IMS. The bright blue-and-white PPG livery is also a colorful presence in the Team Penske lineup.
The company has been manufacturing a range of its products and brands on-site in Doncaster, South Yorkshire for a number of years and decided it was important the products were recognized for being manufactured in Britain.
The company is expanding its capability in heavy-duty industrial coatings for petrochemical, pipeline, water treatment, and water storage segments, and, as a result, has added personnel.
"As we execute on various enterprise growth initiatives and capitalize on our technical and service capabilities, we expect positive momentum in driving improved sales volumes will broaden within our business portfolio," said company Chairman and CEO, Tim Knavish.
The company announced a regular quarterly cash dividend of $0.2225 per share of common stock, payable on August 14, 2024 to shareholders of record at the close of business on July 31, 2024.
Evonik delivered another strong quarter, exceeding analysts' expectations. Based on preliminary and unaudited figures, the company achieved an adjusted EBITDA of €578 million in the second quarter, 29% above the prior-year.
Jean-Marc Gilson, who most recently served as President and Chief Executive Officer of Mitsubishi Chemical Group Corporation, has been appointed by the Board of Directors to serve as President and Chief Executive Officer.
First quarter results reveal that consolidated and net sales are both down, attributed mostly to lower demand. In addition, the decorative business saw a revenue decline due to price cuts, according to the company.
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