PPG CLARVISTA in 101 Best Products List

By Zacks Investment ResearchMarket OverviewAug 29, 2013 02:35AM ET

www.investing.com/analysis/ppg's-clarvista-glass-in-101-best-products-list-181571

PPG CLARVISTA in 101 Best Products List

By Zacks Investment Research | Aug 29, 2013 02:35AM ET

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Coatings giant PPG Industries Inc.’s (PPG - Analyst Report) shower glass product CLARVISTA glass has been recognized as one of the ‘101 Best Products of the Year’ in the ‘Kitchen & Bath’ category by Professional Builder magazine.

Each year, the editors of Professional Builder and Professional Remodeler magazines choose ‘101 Best Products of the Year’ in 16 product categories. They look for innovative materials, finishes and systems used in building products intended for the residential construction market.

The proprietary coating on the Clarvista shower glass seals the surface against corrosion caused due to moisture, heat, humidity, and soap and chemicals in household cleaning products. On regular maintenance, the shower glass looks as good as new.

The normal uncoated glass, on the other hand, is susceptible to corrosion, which makes it look dull over time.

One can avail Clarvista shower glass along with conventional clear glass or STARPHIRE ultra-clear glass from PPG. The combination of these two glasses produces a highly transparent shower glass, often used in luxury homes, resorts and commercial spas.

PPG Industries posted its second quarter 2013 results on Jul 18. The company’s adjusted earnings for the quarter topped the Zacks Consensus Estimate. Profit jumped on strong results from the company’s coatings business and cost reduction initiatives. Revenues rose by double digits but missed expectations. Strong momentum across North America and Asia was somewhat masked by sustained weakness in Europe.

The company expects the earnings momentum to continue in the third quarter. PPG Industries has a diversified base of products and markets and looks to grow its businesses strategically along with controlling costs. However, the European market is expected to remain under pressure. The company is also exposed to raw material cost pressure.

PPG Industries currently carries a Zacks Rank #3 (Hold).

Other companies in the chemical industry worth considering are Northern Technologies International Corp. (NTIC - Snapshot Report), Cytec Industries Inc. (CYT - Snapshot Report) and Eastman Chemical Co. (EMN - Analyst Report). All of them hold a Zacks Rank #2 (Buy).

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PPG CLARVISTA in 101 Best Products List

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