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PPG Industries has underperformed the Zacks categorized Chemicals-Diversified industry over the past three months, hurt by weak growth in global demand for its products amid a difficult global operating environment. The companys shares have increased around 4.6% over this period compared with roughly 10% gain recorded by the industry. View photos PPG Industries has a diversified business, both in terms of products offered and geographical presence. The companys strong presence in emerging regions has enabled it to deliver growth to shareholders by tapping opportunities there. PPG Industries is also taking initiatives to expand its business through acquisitions. The company has announced certain restructuring measures to lower its cost structure globally. Special emphasis will be put on regions and end-use markets with the weakest business. The restructuring actions are expected to deliver $120$130 million in annual savings, with $40$50 million of savings expected to be realized in 2017. Further, it also has an impressive record of returning cash to shareholders through dividends and share buybacks. The company returned nearly $1.5 billion to its shareholders in the form of dividend and share repurchases in 2016. The company also raised its quarterly dividend by 11% in 2016.