Axalta Coating Systems

Axalta Coating Systems Ltd. engages in the manufacture, marketing and distribution of coatings systems. It operates through the Performance Coatings and Transportation Coatings business segments. The Performance Coatings segment provides liquid and powder coatings solutions to a fragmented and local customer base. The Transportation Coatings segment offers advanced coatings technologies to original equipment manufacturers of light and commercial vehicles. The company was founded in 1866 and is headquartered in Glen Mills, PA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Axalta Coating Systems reports strong Q4 performance and eyes China growth

Axalta Coating Systems delivered a strong Q4 performance with net sales growth, adjusted EBIT of $147 million, and adjusted diluted EPS of $0.38, under new CEO leadership.
The company faces challenges such as cost savings charges, price-cost gap increase, and rising maintenance CapEx, but anticipates margin improvement and growth opportunities in China.
Strategic strengths include improving margins in Mobility business, focusing on operational excellence, and targeting historical working capital improvement levels for free cash flow generation.
Opportunities lie in leveraging e-coat on EV battery components, capitalizing on China's growth, and driving execution efficiency through operational and supply chain improvements.

Axalta Coating Systems beats Q1 expectations, eyes margin recovery

Axalta Coating Systems delivered a robust Q1 performance, exceeding expectations with strong financial metrics and margin improvements.
Despite challenges like one-time costs and operational disruptions, Axalta's focus on cost optimization and margin recovery presents growth opportunities.
Strategic investments, strong balance sheet, and market outperformance position Axalta well for future expansion and margin recovery throughout the year.
Analyst inquiries and unique cost optimization initiatives highlight a proactive approach to driving performance and achieving deleveraging targets by year-end.

Axalta Coating Systems reports improved Q2 performance amidst operational challenges

Axalta Coating Systems showcased resilience in Q2 2023, with improved financial performance and strategic initiatives to enhance efficiency and profitability.
Despite challenges from operational issues and market dynamics, the company capitalized on strengths in key business segments and addressed areas for improvement.
Opportunities lie in pricing strategies, technology innovation, and future ERP implementations, positioning Axalta for sustained growth and value creation.
With a focus on driving profitability, resolving operational challenges, and leveraging market demand, Axalta aims for continued success and margin recovery.

Axalta Coating Systems achieves record Q3 sales and eyes global growth

Axalta Coating Systems delivered strong financial performance in Q3 2023, with record net sales and improved margins
Strategic initiatives and acquisitions are driving growth and efficiency improvements across the company
Challenges include potential disruptions in auto builds and the need to address operational bottlenecks
Opportunities lie in stable auto builds, new business wins, and favorable raw material cost outlook

Axalta Coating Systems reports record earnings and outlines growth strategies

Axalta Coating Systems delivered strong financial results in Q4 2023, with record annual adjusted EBITDA and improved net sales.
The company's strategic acquisition, focus on balance sheet strength, and operational efficiency initiatives position it well for future growth.
While facing challenges such as seasonal impacts and muted growth in certain segments, Axalta's opportunities lie in improving profitability and pursuing strategic investments.
Overall, Axalta's performance, strengths, and opportunities indicate a positive outlook for continued financial success and value creation.

Axalta Coating Systems reports record Q1 earnings, eyes growth opportunities

Axalta Coating Systems delivered a strong performance in Q1 2024, with record high adjusted EBITDA and improved balance sheet strength, despite challenges in certain segments.
The company's focus on driving efficiency, productivity, and cost savings through innovative products and initiatives positions it well for future growth and profitability.
Opportunities in growth markets like China and strategic initiatives for margin improvement indicate a positive outlook for Axalta's future performance and shareholder value.
While facing challenges such as soft market conditions and restructuring costs, Axalta's strategic focus on operational improvements and growth opportunities bodes well for its long-term success.

Axalta Coating Systems (AXTA) reports record Q2 performance and eyes growth opportunities

Axalta Coating Systems (AXTA) delivered a strong performance in Q2 2024, achieving record net sales and adjusted EBITDA driven by growth in key segments.
The company's strategic focus on productivity, premium segment expansion, and margin improvement underscores its resilience and growth potential.
While facing challenges in maintaining margins and navigating market uncertainties, Axalta remains well-positioned to capitalize on growth opportunities through M&A and market expansion.
Overall, Axalta's performance highlights its market strength, strategic execution, and potential for sustained growth in the competitive coatings industry.

Axalta Coating Systems achieves record Q3 sales, eyes growth opportunities

Axalta Coating Systems excelled in Q3 2024, demonstrating robust financial performance and growth in key segments.
While facing challenges in certain areas like Mobility Coatings, the company's strengths in Refinish and customer collaborations position it well for future opportunities.
By leveraging its strong performance and addressing challenges effectively, Axalta is poised to capitalize on opportunities for innovation and growth.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Axalta Coating Systems Ltd. engages in the manufacture, marketing and distribution of coatings systems. It operates through the Performance Coatings and Mobility Coatings segments. The Performance Coatings segment provides liquid and powder coatings solutions to a fragmented and local customer base. The Mobility Coatings segment offers coatings technologies to original equipment manufacturers of light and commercial vehicles. The company was founded in 1866 and is headquartered in Philadelphia, PA.

SHANGHAI, May 5, 2021 /PRNewswire/ -- Axalta Coating Systems (NYSE: AXTA), a leading global supplier of liquid and powder coatings, has completed the expansion of its waterborne coatings plant in Jiading, Shanghai, China. The expanded site is designed to meet the growing demand for sustainable coating solutions for automotive, commercial vehicle and industrial markets in China and the Asia Pacific region.

Axalta completes Jiading plant waterborne expansion to meet surging market demand for eco-responsible coatings

Ecolab

AXTA vs. ECL: Which Stock Is the Better Value Option?

AXTA vs. ECL: Which Stock Should Value Investors Buy Now?

Does Axalta Coating Systems (AXTA) have what it takes to be a top stock pick for momentum investors? Let's find out.

Here's Why Momentum Investors Will Love Axalta Coating Systems (AXTA)

Axalta Coating Systems (AXTA) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Axalta Coating Systems (AXTA) Upgraded to Buy: Here's Why

Axalta Coating Systems Ltd. (AXTA) CEO Robert Bryant on Q1 2021 Results - Earnings Call Transcript

Axalta Coating Systems (AXTA) delivered earnings and revenue surprises of 19.05% and 3.38%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Axalta Coating Systems (AXTA) Surpasses Q1 Earnings and Revenue Estimates

PHILADELPHIA, April 26, 2021 /PRNewswire/ -- First Quarter 2021 Highlights: Q1 2021 net sales increased 8.1% year-over-year to $1,063.6 million with positive contributions from all end-markets Income from operations of $52.6 million includes a significant operating charge detailed below; Adjusted EBIT increased 37.8% to $182.8 million, a record for first quarter results Diluted EPS of $0.06 versus $0.22 in Q1 2020; Adjusted diluted EPS of $0.50 versus $0.31 in Q1 2020 Cash flow from operations of $39.6 million in Q1 2021; free cash flow of $11.3 million Acquired Anhui Shengran Insulating Materials Co. Ltd., a Chinese producer of wire enamels for electric motors on April 1, 2021 Repurchased $63.6 million of stock during Q1 2021 at an average price of $27.94 Axalta Coating Systems Ltd.

Axalta Releases First Quarter 2021 Results

PHILADELPHIA, April 26, 2021 /PRNewswire/ -- Axalta (NYSE: AXTA), a leading global supplier of liquid and powder coatings, has signed a strategic cooperation agreement with JETOUR, a Chery Holding's brand, to partner on its Intelligent and Healthy Ecological Vehicle Project. The agreement was signed at JETOUR's booth at Auto Shanghai 2021.

Axalta Partners with Chery JETOUR to Promote Sustainable Development of China's Auto Industry

Axalta Coating Systems (NYSE:AXTA) announces its next round of earnings this Monday, April 26. Here is Benzinga's look at Axalta Coating Systems's Q1 earnings report.

Earnings Preview for Axalta Coating Systems

PHILADELPHIA, April 23, 2021 /PRNewswire/ -- Axalta (NYSE: AXTA), a leading global supplier of liquid and powder coatings, is pleased to announce it won three bronze Edison Awards in the categories of Innovative Services, Sustainability and Engineering and Materials Science. Named after Thomas Edison, the Edison Awards have recognized and honored some of the most innovative new products, services, and business leaders in the world since 1987.

Axalta wins three prestigious 2021 Edison Awards™

PHILADELPHIA, April 22, 2021 /PRNewswire/ -- Axalta (NYSE: AXTA), a leading global supplier of liquid and powder coatings, today announced the launch of Axalta Mobility Coatings, a rebranding of its Transportation Coatings business unit. The redefined business will focus on supporting the accelerating demand for e-mobility and the evolving coatings needs of established and emerging light and commercial vehicle original equipment manufacturers (OEMs), fleet owners, and shared mobility providers.

Axalta Rebrands Transportation Coatings Business to Axalta Mobility Coatings

PHILADELPHIA, April 21, 2021 /PRNewswire/ -- Axalta (NYSE: AXTA), a leading global coatings company, today announced that its Board of Directors authorized an increase in its common share repurchase program of $625 million, bringing the total size of the program to $1.3 billion, of which Axalta has already purchased approximately $500 million. Axalta expects that share repurchases will continue to be made from time to time in the open market or through privately negotiated transactions, or otherwise, subject to applicable laws, regulations and approvals.

Axalta Coating Systems Announces $625 Million Increase to its Share Repurchase Program Authorization

PHILADELPHIA, April 15, 2021 /PRNewswire/ -- Axalta (NYSE: AXTA), a leading global supplier of liquid and powder coatings, will release its first quarter 2021 financial results after the close of trading on Monday, April 26. The release and supporting materials will be posted to the Investor Relations portion of axalta.com.

Axalta schedules first quarter 2021 earnings conference call

Axalta performed quite well in 2020, despite the COVID-related impact. The resilient performance should result in the debt ratio to drop towards 2.5 by the end of this year.

Axalta Coating Systems: Expect A Strong Free Cash Flow Result This Year

Axalta's reliance on auto refinish will lead to a slower post-pandemic recovery relative to coatings companies more exposed to architectural, auto OEM, and/or industrial markets. Management successfully completed a cost reduction program, but additional restructurings, internal R&D-led growth initiatives, and growth M&A could still be on the way.

Eventual Post-Pandemic Normalization And Better Margins Can Support A Higher Price For Axalta

PHILADELPHIA, March 23, 2021 /PRNewswire/ -- Axalta (NYSE: AXTA), a leading global supplier of liquid and powder coatings, today introduced Imron Industrial 2100 HG-C high-gloss clearcoat into its existing high-performance Imron Industrial portfolio in North America. The new clearcoat is formulated to melt quickly and flow smoothly making damaged areas easy to repair.

Axalta expands Industrial coatings portfolio with launch of Imron® Industrial 2K polyurethane high-gloss clearcoat in North America

PHILADELPHIA, March 16, 2021 /PRNewswire/ -- Axalta (NYSE: AXTA) invites investors, analysts and other stakeholders to a virtual Capital Markets Day on Wednesday May 5, 2021 from 8:30 am – 12:30 pm ET. Chief Executive Officer Robert Bryant and members of the Axalta Leadership Team will present the Company's growth strategy, the business and financial outlook, and detail plans to drive long-term shareholder value.

Axalta to Host Virtual Capital Markets Day Focused on Innovation, Growth, and Shareholder Value Creation

ConocoPhillips

Pure Storage

Signet Jewelers

Dow Inc

Jounce Therapeutics

1Life Healthcare

10X Genomics

United States Steel

With the trading day nearing halfway over, the broad markets were trading sideways on Monday.

Conoco, Dow, Pure Storage, Signet Jewelers and More of Monday Afternoon's Analyst Calls

SHANGHAI, March 15, 2021 /PRNewswire/ -- Axalta (NYSE: AXTA), a leading global supplier of liquid and powder coatings, announced today that it has entered into a definitive agreement to acquire Anhui Shengran Insulating Materials Co., Ltd. ("Anhui Shengran"), a leading Chinese producer  of high-quality wire enamels used in a wide range of consumer electronics, electric vehicle, and industrial applications.

Axalta Expands Energy Solutions Portfolio With Acquisition Of Leading Chinese Producer Of Wire Enamels For Electric Devices

Axalta Coating Systems Ltd. (AXTA) CEO Robert Bryant on Q4 2020 Results - Earnings Call Transcript

PHILADELPHIA, Feb. 17, 2021 /PRNewswire/ -- Fourth Quarter 2020 Highlights: Q4 2020 net sales 4.6% higher than Q3 2020; decreased 2.2% year-over-year to $1,074.5 million Income from operations of $163.2 million; Adjusted EBIT of $205.4 million up 18.4% from Q4 2019 Diluted EPS of $0.30...

Axalta Releases Fourth Quarter and Full Year 2020 Results

Axalta Coating Systems (NYSE:AXTA) releases its next round of earnings this Wednesday, February 17. Here is Benzinga's essential guide to Axalta Coating Systems's Q4 earnings report.

Earnings Preview: Axalta Coating Systems

PHILADELPHIA, Feb. 12, 2021 /PRNewswire/ -- Axalta (NYSE: AXTA), a leading global supplier of liquid and powder coatings, will release its fourth-quarter and full-year 2020 financial results after the close of trading on Wednesday, February 17. The release, and supporting materials, will...

Axalta schedules fourth-quarter and full-year 2020 earnings conference call

GLEN MILLS, Pa., Feb. 3, 2021 /PRNewswire/ -- Axalta (NYSE: AXTA), a leading global supplier of liquid and powder coatings, today announced the launch of Cromax XP, its latest solventborne basecoat for refinish customers in North America. This new technology delivers outstanding coverage,...

Axalta Introduces Cromax XP, an Easy-to-Use Solventborne Basecoat, for Refinish Customers in North America

PHILADELPHIA, Feb. 1, 2021 /PRNewswire/ -- Axalta Coating Systems Ltd. (NYSE: AXTA) ("Axalta"), a leading global coatings company, today announced that it will delay its 2020 fourth quarter and full-year earnings release and conference call, previously scheduled for February 3 and 4,...

News for Axalta Coating Systems Stock (AXTA)