News (322)


RPM Reports Net Sales Increase for Q2

RPM International Inc., parent company of specialty coatings and sealants brands including Carboline and Tremco, released its second-quarter earnings report for 2021 on Wednesday (Jan. 6).


AECOM Agrees to Sell Civil Construction Unit

Last Thursday (Dec. 10), infrastructure consulting firm AECOM (Los Angeles) announced in a press release that it would be selling its civil construction business––including Shimmick Construc...


SBA Releases PPP Borrower Data

Following U.S. Federal Judge James Boasberg’s order to the Small Business Administration for the release of names and precise loan amounts of all Paycheck Protection Program and Economic Inj...


Australian Dam Project Costs Reach $1.5B

According to reports, the cost of raising of Wyangala Dam in New South Wales, Australia, has nearly doubled due to environmental offsets requiring compensation for the project’s impacts, amo...


Prospects for $10B WI Plant Could be 'Dead'

An analyst hired by the state of Wisconsin has called the $10 billion Foxconn project “dead” as tax breaks and government aid become more and more crucial to keeping the agreement afloat.


Sherwin-Williams Reports 2020 Q3 Increases

Global coatings firm The Sherwin-Williams Company announced its financial earnings report for the 2020 third quarter on Wednesday (Oct. 27).


Survey: Highest-Paying Jobs Without Degrees

A new report by insurance company AdvisorSmith outlines the highest paying jobs in the United States that don’t need a college degree.


AkzoNobel Releases Q3 Financial Report

Global coatings company AkzoNobel released its 2020 third-quarter financial report Wednesday (Oct. 21) and reported volume and adjusted operating income increases year over year.


PPG Reports Sales Decrease in 2020 Q3

Global coatings company PPG released its third-quarter 2020 earnings report on Monday, announcing lower net sales at $3.7 billion, or 4% lower than in 2019.


RPM Releases 2021 Q1 Earnings Report

RPM International Inc., parent company of specialty coatings and sealants brands including Carboline and Tremco, released its first-quarter earnings report for 2021 on Wednesday (Oct. 7).


USDOT Announces Availability of Grant Program

The U.S. Department of Transportation’s Federal Transit Administration announced last week the availability of $225 million in grant funding through its Expedited Project Delivery Pilot Prog...


FAA Awards $273M in Airport Project Grants

Over $273 million in Federal Aviation Administration grants have recently been awarded to various airports across the country, according to U.S. Secretary of Transportation Elaine L. Chao.


3M Reports Q2 Sales Decline

Protective equipment manufacturer 3M reported a decline in sales year over year despite the high demand for its N95 masks during the COVID-19 pandemic.


Sherwin-Williams Releases Q2 Numbers

Global coatings firm The Sherwin-Williams Company announced its financial earnings report for the 2020 second quarter yesterday (July 28).


RPM Reports Fourth-Quarter, 2020 Numbers

RPM International Inc. (Medina, Ohio), parent company of specialty coatings and sealants brands including Carboline and Tremco, released its financial report for its 2020 fourth quarter and ...


AkzoNobel Reports Q2, Half-Year Revenue Dips

Global coatings company AkzoNobel released its 2020 second-quarter financial report Wednesday (July 22) and reported a 19% drop in revenue caused mainly by the COVID-19 pandemic.


PPG Reports Q2 Declines Amidst COVID-19

Global coatings company PPG released its second-quarter 2020 financial report late last week, reporting net sales of $3 billion—about 25% lower than last year and down 22% in constant curren...


$8.5B O'Hare Project Faces Pandemic Worries

The $8.5 billion Chicago O’Hare International Airport expansion work is the latest to come under the microscope amid the COVID-19 pandemic.


PPG Announces Global Restructuring

Global coatings company PPG announced earlier this week that it has approved restructuring actions “to reduce its global cost structure,” citing weakened global economic conditions coming fr...


Changes to PPP Pass Senate, Head to Trump

Last week, the U.S. Senate unanimously approved a bill that updates terms of the Small Business Administration’s Paycheck Protection Program.


NY Budget Extends Prevailing Wage Regulations

Early last month, New York Gov. Andrew Cuomo signed a FY 2021 Enacted Budget that includes a directive to expand the state’s prevailing wage rules.


Sherwin-Williams Releases Q1, 2020 Numbers

Global coatings firm The Sherwin-Williams Company (Cleveland) released its first-quarter earnings report for 2020 on Tuesday (April 29), announcing an increase in consolidated net sales, dil...


PPG Reports Sales Decline in Q1, 2020

Global coatings supplier PPG Industries (Pittsburgh) reported in a press release on Monday (April 27), a 5% decrease in constant currencies in first-quarter net sales, compared to the prior ...


AkzoNobel Reports Q1 Profit Jump, Revenue Dip

Global coatings manufacturer AkzoNobel (Amsterdam) recently published its first-quarter financial report on Wednesday (April 22), highlighting a 31% profitability improvement year over year.


AkzoNobel Announces COVID-19 Response

Global coatings manufacturer AkzoNobel (Amsterdam) issued a press release late last month, announcing its response to the ongoing effects of the COVID-19 pandemic.


PPG Announces $1.5M in Donations

Global coatings company PPG, along with the PPG Foundation, announced that they plan to "contribute more than $1.5 million to organizations supporting immediate community relief efforts and ...


RPM Reports Third-Quarter Sales

RPM International Inc. (Medina, Ohio), parent company of specialty coatings and sealants brands including Carboline and Tremco, released its financial results for its fiscal 2020 third quart...


Axalta Responds to COVID-19 Impacts

Last week, global liquid and powder coatings supplier Axalta issued a press release regarding the impacts of the ongoing COVID-19 pandemic on its business and the actions it plans to take in...


CO Town Loses $1M to Bridge Scammers

After experiencing a $1 million scam, the Town of Erie, Colorado has been informed that its two insurance carriers—Colorado Intergovernmental Risk Sharing Agency (CIRSA) and American Interna...


AkzoNobel Releases Q4, 2019 Numbers

Global coatings manufacturer AkzoNobel (Amsterdam) released its fourth quarter and end-of-year financial reports Wednesday (Feb. 12), revealing a 3% decrease in revenue for Q4, and a reporte...


Sherwin-Williams Releases Q4, 2019 Numbers

Global coatings firm The Sherwin-Williams Company (Cleveland) released its fourth-quarter and year-end earnings report for 2019 on Thursday (Jan. 30) announcing an increase in net sales for ...


IL Study Looks at Wage Comparison

A study recently released by the Illinois Economic Policy Institute, along with the University Illinois at Urbana—Champaign’s Project for Middle Class Renewal, has found that those enrolled ...


PPG Reports Sales Growth in Q4, 2019

Global coatings supplier PPG Industries (Pittsburgh) reported, in a press release Wednesday (Jan. 16), a 1% increase in constant currencies in fourth-quarter net sales, compared to the prior...


RPM Reports Record Sales in Q2

RPM International Inc., parent company of coatings and sealants brands including Carboline and Tremco, released its financial results for its fiscal 2020 second quarter on Wednesday, reporti...


Report: Construction Wages Up in 2018

According to an analysis conducted by the National Association of Home Builders on the 2018 Bureau of Labor Statistics Occupational Employment Statistics (OES) Survey, workers in constructio...


Report: Slow Payments Cost GCs $64B a Year

In a recent study conducted by construction finance platform Rabbet, in partnership with construction project management software company Procore Technologies, found that slow payments in th...


AkzoNobel Reports Q3 Operating Income Increase

Global coatings manufacturer AkzoNobel released its third-quarter earnings report on Wednesday (Oct. 23) highlighting a 23% increase in adjusted operating income at 300 million euros ($333.6...


Sherwin Reports Sales Increase for Q3

Global coatings firm The Sherwin-Williams Company (Cleveland) released its third-quarter earnings report for 2019 on Tuesday (Oct. 22), announcing an increase in consolidated net sales, dilu...


PPG Reports Consistent Sales for 2019 Q3

Global coatings company PPG (Pittsburgh) released its third-quarter 2019 earnings report on Thursday (Oct. 17), announcing net sales consistent with the prior year at $3.8 billion, noting th...


RPM Reports Net Sales, Income Increase

RPM International Inc. (Medina, Ohio), a holding company that focuses on specialty coatings, sealants and building materials, achieved both a net sales increase and increase in net income in...


PPG Announces Investigation Resolution

Global coatings supplier PPG announced last week that the U.S. Securities and Exchange Commission-led investigation regarding PPG’s financial reports from December 2016 through April 2018 ha...


DOL Issues Final $35K Overtime Threshold

Earlier this week the United States Department of Labor announced a final ruling on overtime pay under the Fair Labor Standards Act, making 1.3 million American workers eligible.


DOL Recovers $6M in Unpaid Construction Wages

In a press release issued by the office of New York Gov. Andrew M. Cuomo, a joint investigation between the New York State Department of Labor and the Manhattan District Attorney’s Construct...


AkzoNobel Q2 Financials Indicate Flat Revenue

Global coatings manufacturer AkzoNobel (Amsterdam) released its second-quarter financial report Wednesday (July 24), with revenue coming in flat, though there was an increase in return on sa...


Sherwin Reports Sales Increases for Q2, Midyear

Global coatings firm The Sherwin-Williams Company (Cleveland) released its second-quarter financial report for 2019 on Tuesday (July 23), announcing an increase in consolidated net sales, di...


RPM Reports Record Sales for Q4, Year-End

Parent company of coatings and sealants brands including Carboline and Tremco, RPM International Inc. reported a 2.8% increase in its fourth-quarter net sales, which ended May 31.


PPG Reports Decrease in Q2 Net Sales

In its latest earnings report, global coatings supplier PPG Industries (Pittsburgh) reported a 3% decrease in net sales over this time last year, totaling $4 billion. The company reportedly ...


NV Governor Signs 2 Wage Bills into Law

In the latest of a slew of construction-related wage laws going into effect throughout the country, Nevada Gov. Steve Sisolak signed several new bills into law this past week—one that raises...


New CO Law Makes Wage Theft a Felony

Last Thursday, Colorado Gov. Jared Polis signed The Human Right to Work With Dignity Act (HB-1267) into law, which officially makes wage theft over $2,000 a felony theft.


DOL Proposes Changes to Overtime Rule

The U.S. Department of Labor recently issued a proposed overtime regulation that would result in more than a million workers becoming eligible for overtime pay.


AkzoNobel Reports Flat Revenue in Q1

Global coatings manufacturer AkzoNobel recently published its first-quarter financial report Wednesday, noting that the company numbers are holding steady in the beginning of this fiscal yea...


Sherwin-Williams Reports Sales Increase

Coatings giant The Sherwin-Williams Company (Cleveland) released its first-quarter financial report for 2019 on Tuesday (April 23), indicating a 1.9 percent--$75.9 million—consolidated sales...


PPG Reports Decrease in Q1 Net Sales

Global coatings supplier PPG Industries (Pittsburgh) reported a 4 percent decrease in net sales for its first quarter, while also reporting the completion of the acquisition of automotive co...


IL Joins Others in Contractor Wage Laws

The state of Illinois could soon become the next state to hold general contractors accountable for their subcontractors’ unpaid wages to employees.


CO Bill Set to Make Wage Theft a Felony

Colorado is looking to pass legislation that would make intentional underpayment of wages a criminal offense.


RPM Reports Record Sales in Q3

RPM International Inc. (Medina, OH), parent company of coatings and sealants brands including Carboline and Tremco, reported a 3.4 percent increase in its third-quarter net sales. The compan...


AkzoNobel Releases Q4, 2018 Numbers

Global coatings manufacturer AkzoNobel (Amsterdam) released its fourth-quarter and end-of-year financial reports Wednesday (Feb. 13), indicating a 1 percent increase in revenue for Q4, and a...


Sherwin-Williams Releases Q4, 2018 Numbers

The Sherwin-Williams Company (Cleveland) released its 2018 year-end and fourth-quarter financial results on Thursday (Jan. 31) boasting record consolidated net sales at $17.53 billion.


PPG Reports Sales Growth in Q4, 2018

Global coatings supplier PPG Industries (Pittsburgh) reported, in a press release Thursday (Jan. 17), a 2 percent increase in constant currencies in fourth-quarter net sales, compared with t...


TN Court Fines Company $500K for Labor Violations

The U.S. District Court of the Middle District of Tennessee has fined a construction business more than $500,000 in regard to violations of the Fair Labor Standards Act.


RPM Releases Q2, Mid-Year Numbers

RPM International Inc. (Medina, Ohio), parent company of coatings and sealants brands including Carboline and Tremco, released its second-quarter earnings report on Friday, and reported reco...


Scope of New KCI Airport Now Under Question

Officials surrounding the new terminal at Missouri’s Kansas City International Airport are taking another look at the project’s scope as the work awaits approval of its environmental review ...


Skanska Confirms Exit from US P3 Projects

Major construction and development company Skanska (Stockholm, Sweden) confirmed in its third-quarter earnings press conference last week that it intends to stop bidding on United States “me...


Skanska Confirms Exit from US P3 Projects

Major construction and development company Skanska (Stockholm, Sweden) confirmed in its third-quarter earnings press conference last week that it intends to stop bidding on United States “me...


Sherwin-Williams Reports Steady Sales Increases

Consolidated net sales were up in the third quarter of 2018 for The Sherwin-Williams Company (Cleveland), a 5 percent increase over the same quarter in 2017, totaling $4.73 billion. The upti...


Sherwin-Williams Reports Q3 Sales Increases

Consolidated net sales were up in the third quarter of 2018 for The Sherwin-Williams Company (Cleveland), a 5 percent increase over the same quarter in 2017, totaling $4.73 billion. The upti...


PPG Financials Indicate Slight Increase in Sales

Global coatings supplier PPG Industries announced in its third-quarter financial report Thursday an increase in net sales, with sales volumes remaining flat and volume growth offset by lower...


PPG Q3 Numbers Show Slight Sales Uptick

Global coatings supplier PPG released its third-quarter financial report Thursday, (Oct. 18) showing an increase in net sales, with sales volumes remaining flat and volume growth offset by l...


AkzoNobel Reports Revenue Dip for Q3

Global coatings manufacturer AkzoNobel (Amsterdam) published its financial report for the third quarter yesterday (Oct. 17) and reported a 4 percent drop in revenue despite return-on-sales i...


AkzoNobel Q3 Financials Indicate Revenue Dip

Global coatings manufacturer AkzoNobel (Amsterdam) published its third-quarter financial report yesterday (Oct. 17), indicating a 4 percent drop in revenue despite return-on-sales increases ...


RPM Reports Sales Up, Income Down in Q1

RPM International Inc., a holding company whose subsidiaries include industrial coatings suppliers Carboline, Stonhard and Tremco, achieved a sales increase but a drop in net income in the f...


RPM Issues Q1 Report

RPM International Inc., a holding company whose subsidiaries include industrial coatings suppliers Carboline, Stonhard and Tremco, achieved a sales increase but a drop in net income in the f...


AkzoNobel Closes Specialty Chemicals Sale

Concluding a year-and-a-half long process, global coatings manufacturer AkzoNobel announced Monday the completion of the sale of its Specialty Chemicals business to The Carlyle Group and Sin...


AkzoNobel Completes Specialty Chemicals Sale

Concluding a year-and-a-half long process, global coatings manufacturer AkzoNobel announced Monday the completion of the sale of its Specialty Chemicals business to The Carlyle Group and Sin...


PPG Announces New Controller

Pittsburgh-based coatings firm PPG recently appointed a new vice president and corporate controller, following an investigation into the company’s financial reports earlier this year.


PPG Appoints New VP, Controller

Pittsburgh-based coatings firm PPG recently announced the appointment of a new vice president and corporate controller following an investigation into the company’s financial reports earlier...


CA Company Charged $2M in Wage Violations

California’s Labor Commissioner’s office has recently issued several citations to an industry company amounting to nearly $2 million dollars in wage theft violations.


Sherwin-Williams Releases Q2 Numbers

The Sherwin-Williams Company released its 2018 second-quarter earnings report on Tuesday, reporting a record for the quarter with a 27.8 percent increase in consolidated net sales to $4.77 b...


Sherwin-Williams Reports Record Sales in Q2

Sales were up in the second quarter of 2018 for The Sherwin-Williams Company, which reported consolidated net sales of $4.77 billion in its quarterly report, issued Tuesday, attributing the ...


PPG Reports Sales, Volume Growth in Q2

Global coatings supplier PPG Industries reported increased net sales and sales volumes in its 2018 second-quarter earnings report, released Thursday, noting that a new restructuring program,...


RPM Releases Q4, Year-End Numbers

RPM International Inc., the parent company of paints and coatings firms including Rust-Oleum, Carboline and Tremco, released on Thursday (July 19) its financial report for its fiscal fourth ...


RPM Fourth-Quarter, Year-End Numbers Mixed

Holding company RPM International Inc., parent of paints and coatings companies including Carboline, Tremco and Rust-Oleum, reported record sales but a dip in net income in the fourth quarte...


Sales, Volume Growth Up for PPG in Q2

Global coatings supplier PPG Industries released its second-quarter financial report Thursday, indicating increased net sales and sales volumes, noting that a new restructuring program, whic...


AkzoNobel Reports Revenue Dip in Q2

Global coatings firm AkzoNobel released its second-quarter financial report yesterday, noting revenues 3 percent lower than originally forecast, owing largely to difficulties in the Marine a...


Revenue Down for AkzoNobel in Q2

Global coatings manufacturer AkzoNobel published the financial report for its second quarter yesterday, reporting revenue 3 percent lower than originally forecast, which can be attributed to...


PPG Wraps Probe of Accounting Practices

Global coatings manufacturer PPG Industries (Pittsburgh) announced Thursday (June 28) that it has wrapped up an internal investigation of practices within its accounting department after unc...


PPG Ends Probe, Releases Updated Numbers

Global coatings manufacturer PPG Industries announced Thursday that it has concluded an internal investigation within its accounting department after uncovering evidence of improper practice...


DOL Announces Plans to Revisit Overtime Rule

The Department of Labor recently announced its latest regulatory agenda, in which it discussed plans to revisit the overtime eligibility threshold, as well as calculations for regular rate o...


PPG Gets Filing Extension

Global coatings company PPG (Pittsburgh) announced nearly two weeks ago that it filed for an extension with the U.S. Securities and Exchange Commisision for its first-quarter financial repor...


PPG Gets 6-Month Q1 Filing Extension

Nearly two weeks after global coatings company PPG announced that it filed for an extension with the U.S. Securities and Exchange Commission on its first-quarter financial report for 2018, t...


PPG Fires Controller Amid Financial Investigation

Global coatings manufacturer PPG announced Thursday that it has terminated its former vice president and controller after an internal investigation revealed improper accounting practices str...


PPG Fires Controller Amid Accounting Investigation

Global coatings manufacturer PPG announced Thursday that it has terminated its former vice president and controller after an internal investigation revealed improper accounting practices not...


PPG Announces Job Cuts Amid Cost Hikes

Global coatings manufacturer PPG said Friday it will be cutting more than 1,000 jobs in a restructuring effort that comes in the wake of rising raw-material costs and the ouster of the compa...


Material Costs, Lowe's Breakup Fuel PPG Job Cuts

Global coatings manufacturer PPG said Friday it will be cutting more than 1,000 jobs in a restructuring effort that comes in the wake of rising raw-material costs and the ouster of the compa...


Sherwin-Williams Reports First-Quarter Profit Increase

Coatings giant The Sherwin-Williams Company released its first quarter financial report for 2018 on Tuesday, marking a consolidated sales increase of $1.20 billion, or 43.6 percent, to $3.97...


AkzoNobel Reports Revenue Dip for 2018 Q1

Global coatings giant AkzoNobel released its 2018 first-quarter earnings report Tuesday noting an increase in net income year over year. However, the company also reported a single-digit dro...


AkzoNobel Financials Report Revenue Dip for Q1

On Tuesday, coatings manufacturer AkzoNobel released its first-quarter financial report for 2018, indicating an increase in net income year over year, while also reporting a single-digit dro...


Sherwin-Williams Reports Q1 Profit Increase

Coatings giant The Sherwin-Williams Company released its first-quarter financial report for 2018 on Tuesday, marking consolidated sales at $3.97 billion, a 43.6 percent increase year over ye...


Sales Up, Volumes Largely Flat for PPG in Q1

Pittsburgh-based coatings firm PPG released its first-quarter financial report for 2018 on Thursday (April 19), indicating a 9 percent increase in net sales over the prior year, totaling $3....


PPG Reports Sales Up, Volumes Flat in Q1

Pittsburgh-based coatings firm PPG released its first-quarter financial report for 2018 on Thursday (April 19), indicating a 9 percent increase in net sales over the prior year, totaling $3....


Hempel Reports Stable Sales, Growth Plans

Global coatings company Hempel released its 2017 Annual Report last Friday, and noted that its income and lowered debt position it for acquisitions and a “leading global role” in the industr...


Hempel Reports Stable Sales, Growth Plans

Global coatings company Hempel (Kongens Lyngby, Denmark) released its 2017 Annual Report Friday (April 6), touting stable sales and income numbers and a reduction in debt that it says positi...


RPM Sets Sales Record in Q3, Names New VP

Holding company RPM Inc. (Medina, Ohio), parent company of coatings firms including Carboline, Stonhard and Tremco, as well as consumer paints companies like Rust-Oleum, saw record sales and...


RPM Releases Q3 Report, Sets Record

Holding company RPM Inc., parent company of consumer paints company Rust-Oleum and other coatings firms including Carboline, Stonhard and Tremco, saw record sales and record net income in th...


Report: Contractor CFO Pay, Bonuses Peak

A new quarterly report suggests that high-ranking construction officials are reaping the benefits of the healthy market with significant salary increases and bonuses.


AkzoNobel to Sell Specialty Chemical Business

In the culmination of a process announced nearly a year ago, global coatings manufacturer AkzoNobel announced Tuesday the 10.1 billion euro sale of its Specialty Chemicals business to The Ca...


AkzoNobel to Sell Specialty Chemical Business

Nearly a year after announcing it would spin off its Specialty Chemicals business, global coatings firm AkzoNobel (Amsterdam) revealed Tuesday (March 27) its 10.1 billion euro ($12.5 billion...


Nippon Paint Allows Wuthelam Board Majority

Nippon Paint Holdings Co. Ltd. recently announced the decision to make Singapore-based coatings group Wuthelam a majority on its board, allowing the company to essentially be in control of N...


AkzoNobel Releases 2017 Q4, Year-End Numbers

Global coatings giant AkzoNobel (Amsterdam) released its 2017 fourth-quarter and year-end earnings reports on Thursday (March 8), noting that its Specialty Chemicals business is reported as ...


Sales Up for AkzoNobel as Separation Nears

Global coatings manufacturer AkzoNobel (Amsterdam) reported positive volumes and earnings for 2017 in its fourth-quarter and year-end report, issued Thursday (March 8), as the company prepar...


Nippon Paint Allows Wuthelam Board Majority

Nippon Paint Holdings Co. Ltd. recently announced that it has decided to make Singapore-based coatings group Wuthelam a majority on its board, allowing the company to essentially be in contr...


Profits Down, Sales Up for Jotun in 2017 Report

Norwegian paints and coatings manufacturer Jotun released its year-end financial report for 2017 earlier this month and noted growth in sales volumes but a decrease in profits, which was cau...


UK Coatings Groups Examine Brexit

Working together, the British Coatings Federation and the British Adhesives and Sealants Association will be examining how Brexit—the United Kingdom's prospective withdrawal from the Europea...


Sales Up, Profits Down for Jotun in 2017

Norwegian paints and coatings manufacturer Jotun (Sandefjord) released its year-end financial report for 2017 last week, noting growth in sales volumes but a decrease in profits, owing large...


UK Coatings Organizations to Hold Meeting on Brexit

The British Coatings Federation and the British Adhesives and Sealants Association are joining forces to shed light on how Brexit—the prospective withdrawal of the United Kingdom from the Eu...


AkzoNobel Releases Preliminary 2017 Numbers

On Thursday, global coatings firm AkzoNobel released a preliminary report of its unaudited financial numbers for 2017, which indicated the complete internal separation of the Specialty Chemi...


AkzoNobel Preliminary 2017 Sales Numbers Up

Coatings manufacturer AkzoNobel (Amsterdam) released preliminary 2017 year-end financial numbers Thursday (Feb. 8), indicating a slight increase in overall revenues as the company's plan to ...


Firm Looks to Control Nippon Paints Board

Singapore-based coatings group Wuthelam recently announced that it is looking to become a majority on the board for Nippon Paint Holdings Co. Ltd., citing a belief that the group can create ...


Sherwin-Williams Posts Record Sales in 2017

The Sherwin-Williams Company achieved record sales in 2017 on the heels of its blockbuster acquisition of Valspar, according to its fourth-quarter and year-end earnings reports, released Thu...


Sherwin-Williams Releases Q4, Record 2017 Numbers

The Sherwin-Williams Company (Cleveland) released its fourth-quarter and year-end earnings reports, on Thursday (Jan. 25), reporting record sales in 2017 on the heels of its blockbuster acqu...


Firm Looks to Control Nippon Paints Board

Singapore-based coatings group Wuthelam recently announced that it is looking to become a majority on the board for Nippon Paint Holdings Co. Ltd., citing a belief that the group can create ...


PPG Releases Q4, Year-End Financials

Global coatings manufacturer PPG (Pittsburgh) announced its fourth-quarter earnings report Thursday morning (Jan. 18), as well as its 2017 year-end report, boasting net sales increases in ea...


PPG Releases Q4, Year-End Financials

Pittsburgh-based global coatings manufacturer PPG announced its fourth-quarter financial report Thursday morning, as well as its end-of-year report for 2017. Each report indicated an increas...


Large UK Construction Firm Financially Collapses

The United Kingdom’s government is doing damage control after one of the largest construction and outsourcing firms financially collapsed on Monday, prompting unions to call for an investiga...


Covestro Names New CFO

Specialty chemicals firm Covestro announced last week its choice of Thomas Toepfer to fill the position of Chief Financial Officer, effective April 1, 2018.


Axalta and Nippon Paint End Talks

On Thursday, global coatings manufacturer Axalta Coating Systems announced that it has ended talks with Japan-based Nippon Paint Holdings Co. Ltd., terminating the potential deal.


Axalta-Nippon Discussions End

Less than two weeks after a potential deal between Axalta Coating Systems and Nippon Paint Holdings Co. Ltd. was first broached, talks have ended with no agreement.


Covestro Names New CFO

Specialty chemicals firm Covestro announced earlier this week its choice of Thomas Toepfer to fill the position of Chief Financial Officer, effective April 1, 2018.


Axalta Ends Talks with Akzo, Begins with Nippon

Axalta Coating Systems (Philadelphia) released two statements less than a day apart last week, announcing that it not only ended merger talks with coatings giant AkzoNobel (Amsterdam), but i...


Nippon Pursues Axalta After AkzoNobel Talks End

A day after Axalta Coating Systems and AkzoNobel announced they were finished with merger negotiations, the U.S. industrial coatings firm confirmed Wednesday that it is in talks with Osaka, ...


Homebuilders Lennar, CalAtlantic to Merge

Two homebuilding companies recently reached a merger agreement that is resulting in the largest homebuilder in the United States.


Survey: 81% of Workers Would Consider Leaving

A recent survey found that workers in the Generation X age group are unhappy, overworked, and ready to change jobs, and 81 percent of all workers would consider leaving their current roles f...


Sherwin-Williams Releases Third-Quarter Numbers

The Sherwin-Williams Company released its third-quarter earnings on Tuesday, reporting a continued increase in net sales and record numbers credited to the company’s acquisition of Valspar e...


Sherwin-Williams Releases Third-Quarter Financials

On Tuesday, the Sherwin-Williams Company released its third-quarter financial report, indicating a positive trend in net sales and record numbers credited to the acquisition of Valspar earli...


PPG Releases Third-Quarter Numbers

Global coatings manufacturer PPG announced its third-quarter earnings report Thursday morning (Oct. 19), noting a small increase in net sales over this period in 2016.


PPG Announces Third-Quarter Financials

On Thursday morning, Pittsburgh-based global coatings manufacturer PPG announced its third-quarter earnings report, noting a small increase in net sales over the same quarter in 2016.


AkzoNobel Releases Third-Quarter Numbers

Global coatings giant AkzoNobel (Amsterdam) released its third-quarter earnings report on Wednesday (Oct. 18), along with a notice of changes to its supervisory board and the announcement fo...


Third-Quarter Numbers for AkzoNobel Released

On Wednesday, global coatings manufacturer AkzoNobel released its third-quarter earnings report, along with additionally announcing changes to its supervisory board and an Extraordinary Gene...


RPM Reports Record Sales in Q1

RPM International Inc. (Medina, Ohio), parent company of industrial coatings companies including Carboline, Tremco and Illbruck, reported record sales and net income in the first quarter of ...


RPM Releases Q1 Numbers

RPM International Inc., parent company of coatings companies such as Rust-Oleum and RPM Wood Finishes, as well as the Euclid Group, released its first quarter fiscal numbers for 2018 on Wedn...


CA Bill Would Pin Lost Wages on Contractors

A bill is sitting on California Gov. Jerry Brown’s desk that will hold general contractors accountable for lost wages.


OR Contractor Gets Jail Time for Fraud

An Oregon contractor is serving prison time after he lied to federal investigators and tried to bribe his workers into lying as well.


Huntsman TiO2 Spinoff Launches IPO

Global chemical firm Huntsman International LLC announced last week that subsidiary company Venator Materials PLC has launched its initial public offering and will be listed on the New York ...


RPM Reports Fourth Quarter, Year-End Results

RPM International Inc. (Medina, Ohio), the parent company of paints and coatings firms including Carboline and Tremco, reported record net sales in the fourth quarter of its 2017 fiscal year...


RPM Reports Year-End, Q4 Results

RPM International Inc., the parent company of paints and coatings firms including Rust-Oleum, Carboline and Tremco, reported a major dip in net income over the course of the past year, despi...


Sherwin-Williams Q2 Bolstered by Valspar Buy

The Sherwin-Williams Company reported an increase in overall net sales in its second quarter compared with prior-year numbers, and unveiled a new structure in the wake of its blockbuster acq...


PPG Releases Q2 Numbers

Global coatings manufacturer PPG Industries announced its second-quarter earnings Thursday morning, touching on a slight uptick in net sales year over year and also discussing the impact tha...


Valspar Boosts Up Sherwin-Williams' Q2

The Sherwin-Williams Company released its second-quarter earnings report on Thursday, reporting an increase in overall net sales and unveiling a new structure in the wake of its acquisition ...


PPG Steady in the Second Quarter

PPG Industries reported a modest increase in net sales despite a slight dip in volumes in the Performance Coatings segment in its second quarter, according to the coatings manufacturer's Q2 ...


Sherwin-Williams Finalizes Acquisition of Valspar

The long-gestating acquisition of the Minneapolis-based Valspar Corporation by The Sherwin-Williams Company was finalized Thursday.


Sherwin-Williams Seals $11.3B Valspar Deal

The Sherwin-Williams Company closed on its acquisition of the Minneapolis-based Valspar Corporation Thursday (June 1), creating the world's largest coatings manufacturer by sales.


Valspar Q2 Sales Up on Eve of Merger

With its acquisition by The Sherwin-Williams Company looming, Valspar Corp. issued its second-quarter earnings report Wednesday, indicating that sales were up more than 3.5 percent in compar...


New Certification Targets Fair Architecture Firms

A new certification initiative has just been launched with the hopes of highlighting which architecture firms treat their staff well with fair and equal—not to mention legal—pay.


AkzoNobel Shareholders Apply Pressure

In the wake of AkzoNobel's third rejection of a merger proposal from rival PPG Industries, some shareholders of the Dutch coatings firm are continuing to use their clout—and the courts—to tr...


Winning Miami Bridge Design Fosters Dissent

A Florida State Department of Transportation panel followed 90 minutes of ardent, sometimes contentious public input by choosing a contractor for an $800 million reconstruction of Interstate...


Sherwin-Williams Releases Q1 Numbers

Paints and coatings manufacturer The Sherwin-Williams Company reported a 7.3 percent increase in sales to a record $2.76 billion, according to its first quarter earnings report.


Sherwin-Williams Reports Record Q1 Sales

Sales were up in the first quarter of 2017 for The Sherwin-Williams Company, including increased net sales and volumes in its Global Finishes Group, which includes the company's protective a...


PPG Reports Q1 Growth Amid Marine Challenges

Global coatings manufacturer PPG Industries reported growth in net sales and sales volumes in its first quarter, bolstered in part by a 7 percent jump in sales in the Industrial Coatings seg...


PPG Releases Q1 Numbers, Nods to AkzoNobel Offer

Global coatings manufacturer PPG Industries reported growth in net sales and sales volumes in its first quarter, bolstered in part by a 7 percent jump in sales in the Industrial Coatings seg...


AkzoNobel Backs Chair, Questions PPG

Global coatings manufacturer AkzoNobel says it has full confidence in Antony Burgmans, the chair of its supervisory board, after some shareholders requested an Extraordinary General Meeting ...


Hempel Catalogs 2016 Challenges in Report

After what Hempel Group described as a “landmark” year financially in 2015, the Kongens Lyngby, Denmark-based global coatings company announced a plan to accelerate its “Journey to Excellenc...


PPG Reiterates Akzo Invitation

For the third time in under a month, PPG Industries is trying to set up talks with Dutch coatings firm AkzoNobel.


RPM Q3: Sales Up, Income Dips

RPM International Inc., the parent company of well-known consumer coatings brands like Rust-Oleum and Zinsser, slightly increased sales in its 2017 third quarter, but posted a drop in net in...


Industrial Sales Strong in RPM Q3

Strong industrial segment sales and growth helped to bouy RPM International Inc., parent company of brands including Carboline and Stonhard, in a 2017 third quarter that saw sales slightly u...


PPG Makes Public Appeal to AkzoNobel

The ongoing courtship between the world's largest coatings company and its biggest competitor took another very public turn this week as PPG Industries issued an open invitation to AkzoNobel...


Contractor’s Bookkeeper Admits Fraud

A former bookkeeper of an Ohio-based contractor has pleaded guilty to charges stemming from a multi-year fraud scheme, authorities have announced.


Costly US School Construction Gets 'D' Grade

The American Society of Civil Engineers released its Infrastructure Report Card earlier this month and, while much of the focus within the 16 categories it grades has been on subjects like t...


Sales Increase, Profits Dip in Valspar Q1

Successes in the coil and wood coatings and consumer paints product lines are behind Valspar’s 2.5 percent net sales increase to $907.6 million according to the company’s first-quarter earni...


Coatings Sales Up for Valspar in Q1

Sales in the coatings segment, including coil and wood coatings, jumped in the first quarter of 2017 for Valspar, helping to boost the company, which posted an overall sales increase, accord...


Regulators Clear Garden Bridge Trust

Regulators in London say the charitable organization behind a controversial 1,200-foot-long pedestrian bridge that would cross the Thames River has acted financially sound. But, questions st...


Commission: Garden Bridge Trust Acted Properly

The organization behind London’s controversial Garden Bridge project is in the clear, at least in terms of its business practices, as a government regulator has issued a report indicating th...


AkzoNobel Posts 2016 Results

Global coatings firm AkzoNobel reported a dip in revenue in 2016 across all three of its business segments, due to unfavorable currency and price/mix effects.


AkzoNobel Reveals 2016 Financials

Currency translation and price/mix effects took a toll on 2016 revenues for global coating company AkzoNobel, according to the company's latest financial report.


Sherwin-Williams Posts Record Sales in 2016

Paints and coatings manufacturer The Sherwin-Williams Company reported record consolidated net sales in 2016, and the company expects its acquisition of Valspar to close within 90 days, but ...


Sherwin-Williams Posts Record Sales, Merger Plans

Sherwin-Williams' Paint Stores Group helped propel the Cleveland-based coatings company to hit record net sales in 2016, the company announced Thursday (Jan. 26).


PPG Announces Leadership Change

PPG has named Vincent J. Morales senior vice president and chief financial officer, effective March 1.


PPG Names Morales CFO

Paints and coatings manufacturer PPG has announced that Vincent J. Morales will become its senior vice president and chief financial officer starting March 1.


Rates, Charges Take Toll on PPG Q4

Paint and coatings giant PPG reported a dip in net sales and a nosedive in net income for its fourth quarter 2016 due to unfavorable currency rates and charges related to its global restruct...


Restructuring, Currency Affect PPG Q4

Sales and net income were both down in the fourth quarter of 2016 for paints and coatings manufacturer PPG, owing largely to unfavorable currency rates and charges related to restructuring, ...


RPM Reports Increased Sales in Q2

RPM International Inc. (Medina, OH), parent company of coatings and sealants brands including Carboline and Tremco, saw a 3 percent increase in sales in the second quarter of its 2017 fiscal...


Sales Increase in RPM Q2

Despite making decisions that impacted its bottom line, RPM International Inc. reported a boost in specialty, consumer and industrial coatings segment sales in its second quarter of fiscal y...


Valspar Sales Decline, Merger ‘On Track’

Ahead of its multi-billion dollar planned merger with The Sherwin-Williams Company, paint and coatings manufacturer Valspar Corp. announced its fourth-quarter and year-end results, posting d...


Valspar Addresses Financials, Merger Chatter

Following release of a statement responding to market rumors concerning its proposed merger with The Sherwin-Williams Company, paint and coatings manufacturer Valspar Corp. announced its fou...


Homebuilding Giant Told to Pay $16M

One of the United States’ largest homebuilders has been ordered to pay $16.3 million in damages for mishandling the finances of the homeowners association at a condominium complex it was bui...


Stadium Official Resigns as Costs Soar

An official charged with “maximizing the legacy” of the London 2012 Olympic Games has stepped down amid an investigation involving ballooning costs of a stadium transformation project, accor...


Sherwin-Williams’ Revenues Rise

The Sherwin-Williams Company reported consolidated net sales of $3.28 billion for its third quarter and $9.07 billion for the nine-month period, driven in part by high paint sales volumes in...


Sherwin-Williams Reports Earnings, New CFO

The Sherwin-Williams Company has reported an increase in consolidated net sales for both the third quarter and nine-month period of 2016, as well as the appointment of a new chief financial ...


PPG Sees Volumes Grow in Q3

Led by growth in its Industrial Coatings segment, PPG reported an improvement in year-over-year volumes across both its coating segments in the third quarter of 2016, the company announced w...


Cost Cuts Could Follow PPG Q3

PPG Chairman and Chief Executive Officer Michael H. McGarry says the company is "reviewing various restructuring scenarios" to reduce costs, following the release of its third quarter earnin...


AkzoNobel Q3: Volumes Flat, Profits Up

Global coatings manufacturer AkzoNobel (Amsterdam, Netherlands) announced slight growth in profits despite largely flat volumes in its third quarter earnings report, released Wednesday (Oct....


AkzoNobel Volumes Hold, Profits Grow in Q3

Increased volumes in its Decorative Paints division are one highlight of a mixed third quarter earnings report from AkzoNobel (Amsterdam, Netherlands).


NYC Contractor to Pay $9M for Fraud

One of the largest construction concerns in New York City has agreed to pay more than $9 million in restitution and penalties for systematic overbilling clients over a 13-year period, author...


Contractor Defaults, Bridge Job Restarts

Replacing a lane of defective concrete is among the jobs to be taken on by a crediting agency after the lead contractor on a major project on the International Bridge in Michigan went into d...


RPM Reports Q1 Growth Amid Challenges

Despite a reportedly soft market in the energy and heavy equipment industries, RPM International Inc., parent company of Carboline, posted a record first quarter for its 2017 fiscal year, wh...


RPM Posts Record First Quarter

North American commercial construction markets bolstered results for RPM International Inc.'s first quarter of 2017, which ended Aug. 31.


Support for Tolls, Mileage Fees Grows

A recent survey of American drivers suggests that most support the idea of tolls if they’ll help ease congestion and limit drive times.


RPM Faces SEC Fraud Case

The U.S. Securities and Exchange Commission has charged RPM International Inc. and its general counsel with disclosure and accounting fraud stemming from a Department of Justice investigatio...


RPM: Acquisition, SEC Investigation

Known as a multinational holding company with subsidiaries that manufacture and market high-performance coatings, sealants and specialty chemicals, RPM International is extending its reach i...


Valspar Reports Q3, Merger Costs

Foreign currency translation nicked earnings for Valspar Corp.’s third quarter and overall volumes grew 2 percent, as the company prepares for the proposed merger with The Sherwin-Williams C...


Valspar Q3 Numbers Mixed

Coil and wood coatings fueled volume growth in the third quarter for Valspar Corp., though foreign currency translation contributed to a slight dip in sales for the manufacturer as it prepar...


RPM Reports Record Quarter, Fiscal 2016

Carboline parent company RPM International Inc. reported sales were up 4 percent and net income grew 20 percent for its fourth quarter, while sales grew 5 percent and net income increased 48...


Consumer Rockets RPM to Record Q4

Rust-Oleum, DAP and Varathane parent company RPM International Inc. reported sales were up 4 percent and net income grew 20 percent for its fourth quarter, while sales grew 5 percent and net...


Paint Stores Shine in Sherwin-Williams’ Q2

U.S.-based paint and coatings maker The Sherwin-Williams Company posted gains in its second quarter, led by booming architectural sales in its Paint Stores Group.


Industrial Coatings Boost PPG's Q2

Pittsburgh-based paint and coatings manufacturer PPG delivered consistent performance and modest growth, comparable to the previous year, in its second quarter financial results, released Th...


Sherwin-Williams Posts Gains in Q2

Despite lower numbers in its Global Finishes Group and other divisions, The Sherwin-Williams Company announced overall gains in its second-quarter earnings report.


PPG Reports Modest Growth in Q2

Despite dips in its Architectural Coatings sales volumes, global paint and coatings manufacturer PPG reported consistent performance and modest growth, comparable to the previous year, in it...


AkzoNobel Sees Modest Gains in Q2

Dutch paints, coatings and chemicals company AkzoNobel reported positive developments in all three of its business lines for the second quarter of 2016, despite the pressures of a challengin...


AkzoNobel Volumes Inch Up

Amsterdam-based AkzoNobel released its second-quarter earnings report Tuesday (July 19), revealing good news in each of its three main business lines, but noting challenges stemming unfavora...


‘Brexit’ Leaves UK Projects in Limbo

Last week’s British vote to leave the European Union had immediate fallout in the markets, but it may also have longer-term effects on infrastructure investment in the U.K.


Shareholder Files Suit in Valspar Deal

A Valspar Corp. shareholder has filed a suit against the company, alleging that aspects of its pending sale to The Sherwin-Williams Company constitute a breach of fiduciary duty.


‘Big 3’ Shipyards Get State Aid

Following several consecutive quarters of extreme financial losses, the Korean government is stepping in to assist the world’s three largest shipbuilders.


Coil, Wood Coatings Bolster Valspar’s Q2

Net sales and total volumes dropped slightly in the second quarter for Minneapolis-based Valspar, as the company prepares for a proposed acquisition by Sherwin-Williams.


Quest Buy Buoys Valspar in Q2

Last year’s acquisition of Quest Specialty Coatings gave Valspar’s auto refinish line a boost in the second quarter of 2016, helping to offset lagging sales in other divisions.


PPG Reports Record Q1 Performance

Crediting six acquisitions completed during 2015, Michael H. McGarry, PPG president and chief executive officer, announced improved financial results for the company’s two coatings segments ...


Growth in Europe Drives PPG Q1

PPG reported net sales of $3.7 billion in its first quarter, a 4 percent increase from the prior year, led by broadening European volume growth and acquisitions.


Volume Up, Revenue Dips in AkzoNobel’s Q1

AkzoNobel opened 2016 with volume increases across the board and a warning that the market environment remains uncertain with challenging conditions.


AkzoNobel Confronts Challenging Q1

AkzoNobel reported growth in volumes and profitability in all three business areas in its first quarter 2016 results, despite a challenging market environment.


RPM Reports 'Pleasing' Q3 2016

Multinational holding company RPM International, parent company of Carboline, announced a record third quarter in its 2016 fiscal year, which ended Feb. 29.


RPM Reports Record Third Quarter

Rust-Oleum parent company RPM International Inc. reported record sales and income increases for its fiscal 2016 third quarter.


Hempel Highlights Its ‘Landmark’ 2015

2015 was a momentous year for Denmark-based Hempel Group in both corporate strategy and financial terms as it reported strong results for the third year in a row in terms of turnover, earnin...


AkzoNobel Reports Record FY2015

Multinational paints, coatings and chemicals company AkzoNobel reported record performance for 2015, having successfully delivered on the year’s financial targets while recognizing significa...


AkzoNobel Hits 2015 Targets

AkzoNobel has reported record performance for 2015, hitting the year's financial targets and posting significant increases in its operating income.


$6.5B in Losses Lead to Steep BP Layoffs

While announcing a loss of $6.5 billion in the 2015 fiscal year—said to be the largest annual loss in its history—British oil and gas company BP has revealed plans to lay off 7,000 employees...


Sherwin-Williams Sets Q4, Full-Year Records

The Sherwin-Williams Company reported earnings and sales records for its 2015 fourth-quarter and full year, driven by architectural paint sales volume increases in its Paint Stores and Consu...


Sherwin-Williams Reports Strong 2015

Sherwin-Williams' new president and CEO delivered a "gratifying" full-year and fourth quarter earnings report released Thursday (Jan. 28).


Profit Rises in PPG’s Q4

Acquisition activity and cost cutting measures have helped Pittsburgh-based coatings giant PPG Industries Inc. to deliver an increase in profits for its fourth quarter and full year.


PPG 4Q Results Show Profit

With the help of improved sales volume in its protective and marine coating segment, PPG Industries Inc. saw an increase in profit for its fourth quarter and full year.


RPM Posts Profit in Q2

Rust-Oleum’s parent company RPM International Inc. posted double-digit gains for its fiscal 2016 second quarter, fueled by the strengthening commercial construction sector and despite curren...


Profit Up 20% in RPM Q2

Carboline parent company RPM International Inc., a global leader in industrial coatings, posted double-digit gains for its second quarter of fiscal year 2016.


Valspar Logs Growth for 2015

Valspar Corp. has posted another record year of earnings despite facing “difficult comparisons to the exceptional performance in 2014, a strengthening U.S. dollar and a product line adjustme...


Growth Strong for Valspar in 2015

Minneapolis-based Valspar Corp. has reported another record year with the release of its fourth-quarter earnings.


‘Big 3’ Continue Financial Struggles

Hampered by cancelled orders and delays in construction of offshore facilities, the world’s three largest shipbuilders are tracking to record major financial losses in 2015.


Paint Sales Up in Sherwin-Williams’ Q3

Propelled by its Paint Stores and Consumer Groups, Sherwin-Williams posted profit gains for its third quarter 2015.


Sherwin-Williams: Q3 2015 Sales Up

Despite a drop in the group that includes protective and marine coatings, the second-largest paint company in the U.S. showed an increase overall in its third quarter of 2015.


Income, Sales Up for AkzoNobel Q3

Amsterdam coatings giant AkzoNobel has reported income and sales gains for its third quarter amid “challenging market conditions.”


AkzoNobel Posts Positive Q3 Earnings

Marine and Protective Coatings led in revenue gains among AkzoNobel’s markets in its third quarter, according to the Amsterdam coatings company.


PPG Reports ‘Strong’ Q3

Recent acquisitions and “aggressive” cost reductions helped deliver a third quarter record for PPG Industries Inc.


PPG: Record Income in Q3

Protective and marine coatings sales helped improve the bottom line for PPG Industries Inc. during the company’s third quarter of 2015.


RPM Eyes Solid Growth after ‘Tepid’ Q1

Carboline parent company RPM International Inc. acknowledged unfavorable weather conditions and exchange rates contributed to “tepid results” in the first quarter of its 2016 fiscal year, wh...


Poor Weather Drives RPM’s Q1

Rust-Oleum parent company RPM International Inc. posted “tepid results” for the first quarter of its 2016 fiscal year, the company announced Wednesday (Oct. 7).


Sales Dip, Profit Up in Valspar’s Q3

The world’s No. 6 paint and coatings company has adjusted its outlook for the rest of the year, following a “solid performance” in the company’s fiscal third quarter of 2015.


Valspar's Q3 Leads to Adjusted Outlook

International paint and coatings manufacturer Valspar reported flat net sales in its coatings segment, as well as a slight decrease in paint segment net sales in its fiscal year 2015 third q...


Developer Charged in $2M Scheme

A real-estate developer faces 20 years in prison and hefty fines after allegedly bilking investors in a $2 million Ponzi scheme, according to authorities.


Offshore Plan Soaks Big 3 Shipbuilders

A venture into offshore projects led to a bad turn for the world’s three largest shipbuilders—Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering Co. and Samsung Heavy Industr...


AkzoNobel Reports Positive Q2

Global coatings colossus AkzoNobel reported a significant jump in second quarter profitability across all three of its business areas, despite a challenging market environment.


AkzoNobel Posts 61% Gain in Q2

The divestment of a Paper Chemicals business unit and favorable currency rates have delivered positive results for coatings giant AkzoNobel for the second quarter.


Sherwin-Williams’ Q2 Sales, Profit Up

CLEVELAND--Sales to the professional market for home repainting and consumer groups in the U.S. continue to drive The Sherwin-Williams Company to gains in sales and earnings.


Sherwin-Williams Reports Mixed Q2

CLEVELAND--The Global Finishes and Latin American Coatings Groups of The Sherwin-Williams Company are feeling the impact of foreign currency values and weak market demand in certain areas, a...


PPG Posts Q2, Names New CEO

PITTSBURGH--Coatings giant PPG has reported “all-time-record earnings” and multiple growth areas in its Q2 2015 financial results, released Thursday (July 16).


PPG Logs Q2, Announces New CEO

PITTSBURGH--Unfavorable currency translation took a toll on PPG’s second quarter and the coatings company has announced a change in leadership.


AkzoNobel Cuts Paper Chemicals

AMSTERDAM—AkzoNobel has finalized a €153 million ($170.4 million USD) divestment of its paper chemicals business to Kemira Oyj, the Netherlands-based company announced Monday (May 4).


Paint Stores Fuel Sherwin-Williams’ Q1

CLEVELAND, OH—Increased architectural paint sales has propelled Sherwin-Williams to a record first quarter, the company announced Thursday (April 16).


Sherwin Q1 Gets No Love from Global

CLEVELAND, OH—Sales declines in the Global Finishes Group did not stop Sherwin-Williams from posting a record first quarter, the company announced Thursday (April 16).


PPG Adds French, Australian Firms

Two acquisitions on two continents in two days have yet again expanded the geographical and product footprint of the world's largest paint and coatings company.


RPM Sees $57M Loss in Q3

The parent company of Rust-Oleum, Stonhard and other leading paint and coating brands has reported an eight-figure net loss for the third quarter, due to an $83.5 million one-time net charge...


Industrial Boom Helps Ease RPM Bust

Strong sales were swamped by currency challenges and an $83.5 million asbestos charge to hand RPM International Inc. a loss for the third quarter.


PPG Takes Over Auto, Wood Companies

PPG Industries has stretched its wings from Australia to France and from additives to wood stains, closing two acquisitions on two continents in two days.


Access Companies Strike $251M Deal

A multinational deal now underway will create an industrial access, insulation and corrosion-protection giant with the reach of 17,000 employees across Europe and the Middle East.


Sherwin-Williams Paints a Top Year

Fueled by architectural paint sales, Sherwin-Williams set a record $11.13 billion in consolidated net sales for 2014.


Sherwin-Williams Rings Up a Record

Protective and marine coatings helped, but its 4,003 paint stores delivered the biggest goods to give Sherwin-Williams "another year of record performance" in 2014.


Nippon Paint Mogul Tops Wealthy List

Riding the crest of the booming Asian paint and coatings market, the founder of Nippon Paint South-East Asia Group (NIPSEA) has become the richest man in Singapore, and one of the richest in...


Hardide to Build U.S. Coatings Plant

A UK-based manufacturer of an advanced surface coating technology plans to invest $7 million in a new plant in Virginia.


Paint Mogul Named Singapore's Richest

The coatings industry has been good to Goh Cheng Liang. So good, in fact, that he is now the richest man in Singapore.


PPG Announces 'Successful' 2014

PPG Industries has continued its financial hot streak, posting record full-year sales and yearly and quarterly gains in each segment.


Deal Fuels PPG’s Record Year

PPG Industries’ year-end acquisition of Mexico’s Comex helped deliver record net sales and earnings to the Pittsburgh, PA-based paint and coatings maker.


Expansion Approved for NC Paint Maker

Traffic paint manufacturer Ennis-Flint will get $500,000 to expand its Thomasville, NC, operations by reusing vacant buildings, the North Carolina Rural Infrastructure Authority announced.


Graco on a Growth Spurt

After a first step a year ago, Graco Inc. is rapidly spreading its wings and turf, with a series of new acquisitions outside its traditional spray-equipment base.


Series of Deals Fattens Graco’s Reach

Spray-equipment manufacturer Graco Inc. is bulking up and branching out, spending $185 million in cash for four companies that will expand its geographical and industry footprint.


Hempel Expands with New Acquisition

Taking a "step towards achieving its growth ambition," Hempel has acquired a Dutch maker of industrial, protective and decorative coatings.


PA Taps Chinese to Fund I-95 Project

Leveraging an immigration program that rewards wealthy foreign investors with U.S. visas, Pennsylvania is reaching into pockets overseas to fund much of a $420 million project to link I-95 w...


AkzoNobel Reports $66.5M Fraud

Some type of "external fraud" at AkzoNobel's office in Chicago has left the paint and coating maker looking for $66.5 million.


AkzoNobel Probes Chicago Fraud

AkzoNobel says it has been the victim of up to $66.5 million in "external fraud" at its Chicago office.


Contractor Gets 9 Years for Fraud

An Ohio-based construction company owner will serve nine years in prison and repay millions in restitution for his role in one of the largest credit-union failures in American history.


UK Construction Giant Strikes a Deal

Balfour Beatty has announced the sale of consulting arm Parsons Brinckerhoff to Montreal-based WSP Global Inc. for £820 million ($1.35 billion USD).


Developer Indicted in $160M Visa Con

A Chicago man has been indicted after reportedly parlaying a U.S. visa program into a nine-figure fundraising opportunity that targeted Chinese nationals seeking U.S. residency.


Construction Mega-Merger Runs Aground

The ink was barely dry on a $5 billion proposal to merge two global construction giants when one called the deal off.


UK Construction Giant Nixes Merger

Balfour Beatty has shut down merger talks with Carillion only one week after announcing the possible £3 billion ($5 billion USD) deal, citing disagreement over the terms.


Sherwin Sets Record 6-Month Sales

The first half of 2014 left the Sherwin-Williams Company seeing record sales, thanks to double-digit gains of 12.1 percent in the second quarter and 10.8 percent in the first six months, the...


Sales Soar at Sherwin-Williams

Nearly all of the Sherwin-Williams Company’s segments saw sales gains in both the second quarter and first half of 2014, propelling the company to record sales.


Valspar Paints Deliver Q2 Gains

Valspar Corp. saw soaring sales and income in its second quarter, driven by booming volume growth in its consumer paints segment.


Comex Sues over Derailed Sherwin Deal

Shareholders of Mexico’s largest coatings producer are accusing Sherwin-Williams of “dishonor” in failing to complete its $2.34 billion takeover of the Latin American supplier, reports say. ...


Sherwin-Williams Sued over Failed Deal

Mexico’s largest coatings producer has filed suit against Sherwin-Williams, blaming the Cleveland paint maker for the implosion of its plan to buy the Latin American supplier, Reuters report...


Paint Sales Soar in Sherwin-Williams’ Q1

Increased architectural paint sales and acquisition activity in its Paint Stores Group propelled the Sherwin-Williams Company to log a 9.2 percent increase in sales in its first quarter, the...


Ups and Downs at Sherwin-Williams

Mother Nature’s wrath and currency issues bedeviled Sherwin-Williams in the first quarter of 2014, dampening profits despite record sales.


Retailers, PPG Sign Private-Label Deal

An alliance of independent North American paint dealers has agreed to make PPG Industries Inc. the exclusive manufacturer of the group's premium paint brand.


PPG to Produce for Independent Dealers

Further expanding its reach in North America, PPG Industries Inc. will become the exclusive paint manufacturer and sales representative for The Coatings Alliance LLC.


Sherwin-Williams Ends Bid for Comex

After nearly a year and a half, America’s largest paint retailer has ended its pursuit to purchase Mexico’s largest paint maker—a $2.34 billion bid that has been quashed by Mexico’s antitrus...


Sherwin-Williams Drops Comex Quest

Twice denied a regulatory blessing, the largest paint retailers in the U.S. and Mexico have finally broken off their $2.34 billion engagement.


1 Contract: 5 Years, 500 New Bridges

Pennsylvania officials are inviting four teams to submit proposals for one contract to replace more than 500 bridges in less than five years.


Valspar ‘Off to Good Start’ in 2014

Increased volume growth in the U.S. and abroad delivered a double-digit sales increase for Valspar’s Paints segment in the first quarter of 2014, the company reported Wednesday (Feb. 12).


Valspar Sales Growth Paints Q1 Green

A 10 percent boost in its Coatings segment has the Valspar Corp. off to “a good start” in 2014, the company reported Wednesday (Feb. 12).


7 Charged in $50M Fraud Scheme

An engineer, loan officer and five other Florida residents are facing decades in prison in an elaborate residential development scheme in North Carolina that defrauded lenders of $49.6 milli...


AIA Pitches Congress on Safety, Funding

Stronger bridges, safer structures, tighter buildings—and a funding mechanism to pay for them all—lead America's architectural agenda for 2014.


Congress Gets Priority Punch List

Energy tax incentives, stronger building codes, and debt relief for students lead the architecture industry's legislative To Do list this year.


Study: Construction Fraud ‘Endemic'

From graft to theft to shortcuts, fraud of every flavor is draining the global construction industry of hundreds of billlions of dollars each year, a new report warns.


Construction Fraud Tab: $860B

Money laundering, bid rigging, bribery and other types of fraud are now bleeding the global construction industry of about $860 billion a year—a tab that could nearly double by 2025, a new r...


Hot Consumer Sales Drive RPM Record

Soaring sales on the Rust-Oleum and Zinsser side of RPM International's business rocketed the coating and building products company to a record first quarter, the company announced Wednesday...


Industrial Growth Helps RPM Rebound

Withstanding the hit from a recent $65 million legal settlement over roofing problems, Carboline parent RPM International Inc. has racked up a record first quarter for 2014.


Paints Prop Up Valspar’s Tough Q3

Strong growth in new consumer paint, packaging and wood product lines gave the Valspar Corp. a much-needed boost amid a generally disappointing third quarter, the company reported Tuesday (A...


Coatings, Markets Dim Valspar’s Outlook

Sluggishness in industrial coatings and international markets led the Valspar Corp. to reduce its annual earnings guidance Tuesday (Aug. 13) in the wake of a disappointing third quarter.


DuPont Weighs Sale of Chemicals Unit

DuPont says it is considering the sale of its Performance Chemicals segment, which produces paint pigments.


DuPont Ponders Sale of Chemicals Unit

DuPont may shed its Performance Chemicals segment, which produces paint pigments, after a less-than-stellar performance in the second quarter, the major chemical manufacturer announced on Tu...


Revenue Drops in RPM’s Q4

Slight sales increases for RPM International were overshadowed by a 21 percent drop in income for the fourth quarter, the parent company of Carboline and Rust-Oleum reported on Monday (July ...


RPM Posts Double-Digit Dip in Income

Rust-Oleum and Tremco roofing parent company RPM International Inc.'s slight sales gains for its fourth quarter of 2013 were overshadowed by a near 21 percent drop in income.


AkzoNobel Logs Dismal Quarter

With revenues and volumes decreasing across all segments, AkzoNobel’s second quarter report echoed trends from the coating manufacturer’s dim first quarter and renewed a call for restructuri...


Sherwin-Williams’ Comex Deal Hits Snag; Q2 Profit Up

The Sherwin-Williams Company announced that its planned $2.34 billion acquisition of Comex Group was not approved by regulators in Mexico and also reported a 13 percent increase in profit fo...


PPG Reports Record Q2, Restructuring

After opening 2013 on a flat note, the world’s No. 2 paint and coatings company scored a record second quarter and made a restructuring announcement.


Sherwin-Williams Sees Q2 Profit Gain

The Sherwin-Williams Company reported a 13 percent profit increase for the second quarter, but also announced a snag in its planned $2.34 billion acquisition of Comex Group.


PPG’s Q2 Records Sales, Income Gains

In a record second quarter, PPG Industries announced double-digit percentage sales gains for both industrial and performance coatings segments, boosting the paint and coatings company from a...


PPG Opens 2013 on a Flat Note

Cooling off after a record earnings year, PPG Industries’ sales remained static for the first quarter of 2013, with weak European markets taking the brunt of the blame.


AkzoNobel: Grim Q1 with No Quick Fix

AkzoNobel reported first-quarter declines across the board Thursday (April 18) and warned candidly that the troubled company’s fortunes were unlikely to turn around any time soon.


Europe, Deco Unit Sale Ding Akzo’s Q1

The world’s largest paint maker bled revenue in its first quarter of 2013, reflecting the sale of its North American Decorative Paints business and continuing economic shakiness in its large...


Stores Brighten Sherwin-Williams’ Q1

Booming architectural paint sales in its Paint Stores Group drove up Sherwin-Williams' first-quarter earnings by 16 percent, to $116.18 million, the company has announced.


PPG on the Move, But Sales Stall

The world’s No. 2 paint and coatings company racked up major acquisitions in the first quarter of 2013, but weakness in Europe kept PPG Industries’ overall sales flat.


Sherwin-Williams Rings Up Record Q1

Protective and marine coatings held their own, but Sherwin-Williams' paint stores did the heavy lifting in the first quarter, delivering record sales and earnings for the Cleveland-based pai...


Spencer Coatings Flexes New Dominance

Spencer Coatings Ltd. has become the largest independent and British-owned industrial coatings manufacturer in the UK with its recent acquisition of Stokes Paints, the company says.


Owner, Manager Face $1.2M Fraud Case

An Indiana-based general contractor and UPS facility manager are facing decades in prison in an alleged federal fraud scam that raked in more than $1.2 million, prosecutors say.


Stores Fuel Sherwin-Williams’ Top Year

Sales growth and price hikes in its Paint Stores Group propelled The Sherwin-Williams Company to record highs for 2012 and its fourth quarter, the company reported Thursday (Jan. 31).


PPG Profits Surge in Q4

Pittsburgh, PA-based architectural coatings giant PPG Industries Inc. reported record profits for its fourth quarter, as total coatings segment earnings grew by nearly 30 percent from the pr...


PPG Rounds Out Record Year

Rounding out a year of record financials, PPG Industries Inc. reported Monday that each quarter of 2012 saw new earnings records, with higher full-year earnings in each major region.


Sales Up, Income Down for RPM Q2

Rust-Oleum's parent company RPM International Inc. reported a double-digit increase in sales and a double-digit dip in income for its fiscal 2013 second quarter.


Carboline Parent Notches Strong Q2

Protective coatings giant RPM International Inc. reported strong sales and earnings in its second quarter, but remained weighed down by continuing charges that dampened its first quarter.


 
 
   

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