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  "documentTitle": "Trian Partners | Activist Presentation Deck | 42 slides",
  "authorId": "trian-partners",
  "authorName": "Trian Partners",
  "documentKindSlug": "activist-deck",
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  "presentationDate": "2018-10-01 00:00:00",
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  "pageNumber": 25,
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  "density": "balanced",
  "nDataPoints": 15,
  "notes": "The chart shows PPG consistently underperforming peers, often with negative growth.",
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  "slideHref": "/slides/019de06f-be08-7198-94a5-5ede1399a50f/25",
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      "kind": "chart",
      "text": "Sales Growth – North American Architectural Businesses",
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      "text": "PPG has lost significant market share in North American Architectural Coatings over the last few years – one of its largest businesses. In 4 out of the last 5 years, PPG has reported sales declines despite enjoying tailwinds.",
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      "kind": "source-note",
      "text": "Source: SEC filings. (1) Sherwin-Williams growth for the combined Americas and Consumer Brands Groups. Masco growth is for the Decorative Architectural Products Group. PPG sales trends estimated based on commentary provided in annual reports.",
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      "kind": "title",
      "text": "Trian Believes Focus is Needed in the North American Architectural Business",
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      "evidence": "Comparing PPG's performance against Sherwin-Williams and Masco to highlight underperformance.",
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