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Stock Market & Financial Investment News

News Breaks
July 18, 2014
09:02 EDTPPGPPG Industries to sell Mt. Zion float glass manufacturing facility
PPG Industries announced that it has reached a definitive agreement to sell substantially all the assets of its Mt. Zion, Illinois, glass manufacturing facility to automotive glass manufacturer Fuyao Glass America Inc. The sale is expected to close in the third quarter 2014, subject to customary closing conditions. Financial terms were not disclosed. The sale of the Mt. Zion facility is consistent with the strategic initiative by PPG’s flat glass business to focus on its higher-technology, coated glass capabilities for residential and commercial construction application.
News For PPG From The Last 14 Days
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January 15, 2015
13:23 EDTPPGPPG Industries sees greater than $1B in Comex sales in FY15
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13:19 EDTPPGPPG Industries sees 2015 FX cutting revenue $650M-$750M
Sees 2015 FX cutting earnings $65M-$75M. Impact seen more prevalent in Q2, Q3 due to seasonality of businesses. FY15 EPS consensus $11.51, FY15 revenue consensus $16.81B. Guidance from slides presentation.
08:11 EDTPPGPPG Industries reports Q4 adjusted EPS $2.11, consensus $1.99
Reports Q4 revenue $3.71B, consensus $3.64B.

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