PPG Industries, Inc. PPG announced a $70 million investment to expand its aerospace transparencies operations in Huntsville, AL, as the company seeks to increase production capacity and continue growing as demand across commercial, military and general aviation markets goes up.
The investment is part of a series of multi-year projects aimed at supporting the long-term growth of PPG’s aerospace transparencies business. The expansion includes leasing and developing a new 112,000-square-foot facility to accommodate production support functions. This will free up additional manufacturing space at the existing site, improving operational efficiency and enabling future equipment investments.
The projects will strengthen PPG’s ability to meet rising customer demand for aircraft cockpit windows and passenger windows. The additional capacity is expected to position the Huntsville facility to support future business growth.
PPG has operated its aerospace transparencies manufacturing facility in Huntsville for more than 55 years. Its aerospace business supplies coatings, sealants, transparencies, engineered materials and related services to commercial, regional, general aviation and military customers worldwide. The latest investment underscores PPG’s focus on capacity expansion to capitalize on favorable aerospace demand, strengthen presence and support growth in its aerospace business.
PPG shares have gained 7.1% in the past year compared with the industry’s 3% rise in the same period.
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PPG’s Zacks Rank & Key Picks
PPG currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Basic Materials space are Reliance, Inc. RS, Axalta Coating Systems Ltd. AXTA and Cabot Corporation CBT.
RS, AXTA and CBT carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for RS’ 2026 earnings is pegged at $23.23 per share, indicating a 62.9% year-over-year increase. RS’shares have gained 45.9% over the past year.
The Zacks Consensus Estimate for AXTA’s fiscal 2026 earnings is pegged at $2.63 per share, indicating a rise of 5.62% year over year. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, with an average surprise of 6.45%.
The Zacks Consensus Estimate for CBT’s current fiscal-year earnings is pinned at $6.53 per share. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, with an average surprise of 4.56%. CBT’sshares have gained 9.3% over the past year.
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PPG Industries, Inc. (PPG): Free Stock Analysis Report
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Axalta Coating Systems Ltd. (AXTA): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).