PPG Industries and Rockwood Under Review: Auto Industry Boom
LONDON, January 25, 2013 /PRNewswire/ --
The specialty chemicals industry managed to navigate the recession with greater success than many, as its exposure to a number of different markets and industries provided it with stability. StockCall has taken the latest round of data to release new technical analysis on Rockwood Holdings Inc. (NYSE: ROC) and PPG Industries Inc. (NYSE: PPG). Register today and find out more about these free reports at http://www.stockcall.com/technicalanalysis
Now that major economies such as China and the U.S. are showing encouraging signs, companies in the industry, such as Rockwood and PPG Industries, could stand to benefit further. A strong auto market in the U.S. has also been propelling companies forward, and with low interest rates and pent up demand, 2013 could be another strong year. Sign up today and download the free report on Rockwood Holdings at http://www.StockCall.com/ROC012513.pdf
Several companies in the industry have also been adding to the positive outlook through solid financial results. PPG Industries had an excellent 4th quarter, newly reporting that net sales hit $3.6 billion as compared to $3.5 billion a year ago. Net income was also impressive, coming in at $227 million, a significant increase over last year's $216 million. A strong performance from the company's coatings businesses was cited as one reason for the stellar quarter. PPG Industries free analysis is a click away at http://www.StockCall.com/PPG012513.pdf
Elsewhere in the industry, a number of companies have been focusing on improving their appeal and value to shareholders via repurchase programs. Rockwood falls into this category, as it newly announced that its Board of Directors has authorized the repurchase of up to an aggregate of $400 million of common stock.
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