PPG Industries' SEM Products Unveils Performance Abrasives Line
PPG Industries Inc. PPG recently announced that its SEM Products business has launched a full line of performance abrasives aimed at simplifying complex automobile collision repairs while emphasizing technicians' demands.
SEM Performance Abrasives are specifically tailored for each stage of the repair procedure. The product line includes precision grain technology, which is intended to provide rapid cutting, longevity and consistency across a wide range of repairs and substrates.
SEM abrasives offer high durability, great edgewear and an even cutting surface, allowing professionals to accomplish remarkable feather-edging results. Another benefit is the multi-hole design, which enables dustless sanding. This increases the product's longevity while also creating a cleaner work environment, which reduces the need for regular cleanups and improves overall efficiency.
PPG's novel line of SEM Performance Abrasives was created with technicians in mind, giving them the products they need to attain great results while streamlining their repair process.
Shares of PPG have gained 3% over the past year compared with a 4.5% decline of its industry.
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PPG expects adjusted earnings per share (EPS) for the third quarter in the range of $2.10-$2.20. For the full year, the company expects adjusted EPS in the band of $8.15 to $8.30. These projections consider various factors such as current global economic activity, uneven global industrial production, reduced global automotive production, stabilizing demand in Europe, sustained growth in Mexico and India and low single-digit growth in China.
PPG Industries, Inc. Price and Consensus
PPG Industries, Inc. price-consensus-chart | PPG Industries, Inc. Quote
Zacks Rank & Key Picks
PPG currently carries a Zacks Rank #4 (Sell).
Better-ranked stocks in the basic materials space include Carpenter Technology Corporation CRS, Eldorado Gold Corporation EGO and Hawkins, Inc. HWKN.
Carpenter Technology currently carries a Zacks Rank #1 (Strong Buy). CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 15.9%. The company's shares have soared 111.7% in the past year. You can see the complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Eldorado’s current-year earnings is pegged at $1.40 per share, indicating a year-over-year rise of 145.6%. EGO, a Zacks Rank #1 stock, beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 430.3%. The company's shares have rallied roughly 71.6% in the past year.
The Zacks Consensus Estimate for Hawkins’ current fiscal-year earnings is pegged at $4.14, indicating a rise of 15.3% from year-ago levels. The Zacks Consensus Estimate for HWKN’s current fiscal-year earnings has increased 12.8% in the past 60 days. HWKN, a Zacks Rank #2 (Buy) stock, has rallied around 99.1% in the past year.
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