company PPG - SteadyBase

steadybase-$ company PPG

account_id none on file

legal_name Ppg Industries Inc

ticker PPG

cik 79879

domain ppg.com

linkedin_company_url https://www.linkedin.com/company/ppg

entry_point_account_id none on file

name PPG Industries Inc.

exchange NYSE

sector Consumer Discretionary

hq Pittsburgh, PA, United States

irhttps://investor.ppg.com/home/default.aspx

sector index/company/sector/consumer-discretionary/

calls 9 filings 60 executives 10 family 0

why_nownone on file

calls

Yeah, and I'm going to grab that back for one more comment. The demand in aerospace is actually growing as we progress through the months and quarters. So, you've got kind of the underlying demand that's growing, which means that that $200 million backlog is going to be there even longer, and recall that China, international travel only opened on January 8th. So that's going to be another stimulus for aerospace demand.

Jan 20, 2023 / receipt, needs a key / Tim, other | earnings call 2023-01-20 | transcript 796b14fa-a7f1-4c1b-8a6d-ba702766ccf1 | chars 45364-45786 | segment 46

Also, our global automotive refinish, traffic solutions, and U.S. packaging coatings businesses each set all-time quarterly sales records in the quarter. Year-to-date, our automotive refinish coatings business has delivered about 1,500 net new body shop wins as customers continue to value the product, technology, and industry-leading services and capabilities that this business delivers every day. In addition, our aerospace business delivered strong double-digit percentage sales growth, volume growth, aided by recovering airline travel that is now about 85% of pre-pandemic levels.

Oct 20, 2022 / receipt, needs a key / Michael McGarry, CEO | earnings call 2022-10-20 | transcript c1293974-fae6-4017-b93c-1c793eb062ed | chars 4445-5032 | segment 4

Also, our aerospace packaging Business continues to benefit from year-over-year improvements in domestic travel in various countries, resulting in higher aftermarket demand, and we expect further aftermarket and OEM growth as the industry demand remains well below pre-pandemic levels.

Jul 22, 2022 / receipt, needs a key / Michael McGarry, CEO | earnings call 2022-07-22 | transcript 11dffe66-9299-41ac-8d2e-725cde0274ba | chars 4099-4384 | segment 4

And we see a snapback in India whenever we see the folks get allowed to travel again.

Jul 20, 2021 / receipt, needs a key / Michael, other | earnings call 2021-07-20 | transcript e3658aa9-10d0-4192-9e69-55a526b17c44 | chars 46687-46772 | segment 48

So, you know, we think we're kind of at parity now. There might be some travel entertainment, just some modest stuff that comes back as things continue to open up. But, you know, we felt that on an annualized basis that, you know, we could bank, we set up, you know, on a quarterly basis, $25 to $30 million of temp savings. We had another $30 million of benefit in the second quarter. So I think this is something we probably won't talk much more about because at this stage, you know, I think we've made some of these costs permanent reductions. And, you know, now we'll just ebb and flow more with our volume and demand activity.

Jul 20, 2021 / receipt, needs a key / John, other | earnings call 2021-07-20 | transcript e3658aa9-10d0-4192-9e69-55a526b17c44 | chars 31939-32571 | segment 32

The higher margins were achieved with about 30% of our businesses continued to face significant demand headwinds, most notably the automotive refinish and aerospace coatings businesses as the pandemic continues to impact areas of travel and mobility.

Jan 22, 2021 / receipt, needs a key / Michael McGarry, CEO | earnings call 2021-01-22 | transcript 54114ac0-5943-4a30-b0b5-b8c7a4b8472b | chars 4122-4372 | segment 4

We know that there's going to be continued cost savings from a, you know, let's call it travel.

Jan 22, 2021 / receipt, needs a key / Michael, CEO | earnings call 2021-01-22 | transcript 54114ac0-5943-4a30-b0b5-b8c7a4b8472b | chars 34493-34588 | segment 35

Well, John, I would tell you, you know, some of the temporary cost cuts that we're going to make permanent are, you know, think about travel and expenses. We're learning how to deal with that on a regular basis, so that's internal and external costs.

Oct 20, 2020 / receipt, needs a key / Vince Morales, CFO | earnings call 2020-10-20 | transcript 02aec1c7-d12a-4e01-935d-126c9f32bd2b | chars 10690-10940 | segment 11

So people, I anticipate people are going to be traveling at the holidays. And so on the back half of the quarter, we're going to start to see our MRO activities start to pick up.

Oct 20, 2020 / receipt, needs a key / Michael, CEO | earnings call 2020-10-20 | transcript 02aec1c7-d12a-4e01-935d-126c9f32bd2b | chars 14200-14378 | segment 14

filings

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