SHW - PPG Industries Should Stop Overspending On Shareholder Rewards
Introduction
Considering PPG Industries (PPG) is a well-known name in the financial world and the world of coatings - it’s the second largest paint company in the world, ahead of AkzoNobel (AKZOF) (AKZOY) but trailing Sherwin-Williams (SHW) - I don’t think a lengthy introduction is necessary.
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What really matters are the cash flows, and although PPG Industries was able to increase its 2018 revenue by almost 5%, its operating expenses increased at a much faster pace, which definitely created some margin pressure. Nothing insurmountable,