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.

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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.

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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.

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Axalta Coating Systems Ltd (AXTA) CEO Robert Bryant on Q2 2021 Results - Earnings Call Transcript

Axalta Coating Systems (AXTA) delivered earnings and revenue surprises of 4.35% and 3.93%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Axalta Coating Systems (AXTA) Tops Q2 Earnings and Revenue Estimates

Shares of Axalta Coating Sys (NYSE:AXTA) moved lower in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share were up 420.00% year over year to $0.48, which were in line with the estimate of $0.48.

Recap: Axalta Coating Sys Q2 Earnings

PHILADELPHIA, July 26, 2021 /PRNewswire/ -- Second Quarter 2021 Highlights: Q2 2021 net sales increased 72.6% year-over-year to $1,126.8 million with substantial contributions from all end-markets versus last year's COVID-19-impacted results Income from operations of $190.4 million versus a loss of $64.5 million in Q2 2020; Adjusted EBIT of $173.4 million compared with a loss of $11.6 million in Q2 2020 Diluted EPS of $0.54 versus $(0.35) in Q2 2020; Adjusted diluted EPS of $0.48 versus $(0.15) in Q2 2020 Net debt to LTM Adjusted EBITDA of 2.6x at June 30, 2021; strong cash flow from operations of $107.5 million On July 7, 2021, announced agreement to acquire U-POL, a manufacturer of repair and refinish products Axalta Coating Systems Ltd. (NYSE:AXTA) ("Axalta"), a leading global coatings company, announced its financial results for the second quarter ended June 30, 2021.

Axalta Releases Second Quarter 2021 Results

Axalta Coating Systems (NYSE:AXTA) announces its next round of earnings this Monday, July 26. Here is Benzinga's everything-that-matters guide for this Monday's Q2 earnings announcement.

Axalta Coating Systems's Earnings Outlook

PHILADELPHIA, July 22, 2021 /PRNewswire/ -- Axalta (NYSE: AXTA), a leading global supplier of liquid and powder coatings, announced the launch of Imron® Industrial NISO 3325, its latest non-isocyanate cross-linked acrylic enamel topcoat for the agriculture, construction and earthmoving equipment (ACE) markets. This technology offers superior technical performance without the health and safety concerns associated with isocyanates.

Axalta introduces Imron Industrial NISO 3325, a non-isocyanate acrylic coating, for Industrial customers in North America

PHILADELPHIA, July 19, 2021 /PRNewswire/ -- Axalta (NYSE: AXTA), a leading global supplier of liquid and powder coatings, will release its second quarter 2021 financial results after the close of trading on Monday, July 26. The release and supporting materials will be posted to the Investor Relations portion of axalta.com.

Axalta schedules second quarter 2021 earnings conference call

PHILADELPHIA, July 15, 2021 /PRNewswire/ -- Axalta (NYSE: AXTA), a leading global supplier of liquid and powder coatings, today announced that it will implement additional price increases across all of its global lines of business due to continued inflationary pressures. The increases will be effective immediately or as permissible by contract.

Axalta Announces Global Price Increases

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Axalta (AXTA) is expected to speed up growth of U-POL's products by expanding market access through its existing sales and distribution channels.

Axalta (AXTA) to Acquire U-POL Holdings for $590 Million

Axalta appears well-positioned for medium-term growth across its business segments. Even with longer-term ADAS/Lidar headwinds, there remains plenty of room for outperformance.

Axalta: Unjustified Valuation Discount Paves The Way For A Re-Rating Ahead

PHILADELPHIA, July 7, 2021 /PRNewswire/ -- Axalta Coating Systems (NYSE: AXTA), a leading global supplier of liquid and powder coatings, today announced that it has entered into definitive agreements to acquire U-POL Holdings Limited ("U-POL") from Graphite Capital Management LLP and other holders for £428 million (approximately $590 million) subject to certain adjustments set forth in the Sale and Purchase Agreements for the transaction. Founded in 1948 and based in the United Kingdom, U-POL is a leading manufacturer of repair and refinish products used primarily for automotive refinish and aftermarket protective applications.

Axalta to acquire U-POL, a leading paint, protective coatings, and accessories manufacturer for the automotive aftermarket

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PHILADELPHIA, June 18, 2021 /PRNewswire/ -- Axalta Coating Systems Ltd. (NYSE: AXTA), a leading global supplier of liquid and powder coatings, today announced that Jun Liao is joining the Company as Regional President, Asia-Pacific effective July 15.

Axalta Coating Systems Appoints Jun Liao as Regional President, Asia Pacific

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PHILADELPHIA, June 9, 2021 /PRNewswire/ -- Axalta Coating Systems (NYSE: AXTA), a leading global supplier of liquid and powder coatings, today announced that Tyrone Michael Jordan (TJ) has been appointed to its Board of Directors, effective immediately. He will serve on the Company's Environment, Health, Safety & Sustainability Committee and Nominating and Corporate Governance Committee.

Axalta Names Tyrone Michael Jordan to Board of Directors

PHILADELPHIA, May 26, 2021 /PRNewswire/ -- Axalta Coating Systems Ltd. (NYSE: AXTA) today announced the appointment of Jacqueline Scanlan as Senior Vice President & Chief Human Resources Officer, effective June 14, 2021.

Axalta Coating Systems announces Jacqueline Scanlan to lead Global Human Resources function

PHILADELPHIA, May 26, 2021 /PRNewswire/ -- Axalta (NYSE: AXTA), a leading global supplier of liquid and powder coatings, released its Automotive Color Preferences 2021 Consumer Survey aimed at analyzing the relationship between color and vehicle purchasing decisions among consumers. More than 4,000 participants aged 25 to 60 in four of the largest vehicle-producing countries – China, Germany, Mexico and the U.S., responded that color was a key factor in 88% of vehicle purchasing decisions.

Axalta survey reveals color is a key factor in 88% of vehicle purchasing decisions

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PHILADELPHIA, May 14, 2021 /PRNewswire/ -- Axalta (NYSE: AXTA), a leading global supplier of liquid and powder coatings, and the Philadelphia Eagles honored 10 Philadelphia-area teachers for their commitment to students, school and community. The sixth-annual All-Pro Teachers program received hundreds of nominations from which 10 local teachers were chosen for their outstanding drive, innovative teaching methods and the use of science, technology, engineering and mathematics (STEM) education in their classrooms.

Imhotep Institute Charter High School teacher named 2020 Axalta All-Pro Teacher of the Year

PHILADELPHIA, May 12, 2021 /PRNewswire/ -- Axalta (NYSE: AXTA), a leading global coatings company, today announced it has entered into a Tenth Amendment to its Credit Agreement in order to, among other things, increase commitments available pursuant to the revolving credit facility, which is currently undrawn, from $400.0 million to $550.0 million and extend the maturity of the revolving credit facility to 2026. The Tenth Amendment is supported by a lending syndicate arranged and led by Barclays Bank PLC, as administrative and collateral agent.

Axalta Announces Amendment to Revolving Credit Facility

PHILADELPHIA, May 7, 2021 /PRNewswire/ -- Axalta (NYSE: AXTA), a leading global supplier of liquid and powder coatings, recently honored the recipients of its 2020 Supplier Performance Awards spotlighting their perseverance, commitment, and continued partnership with Axalta during a challenging year. Awards were given in five categories, including Outstanding Performance, Excelsior Award, Service Award, Innovation Award, and the Excellence Award.

Axalta announces 2020 Supplier Performance Award Winners

PHILADELPHIA, May 6, 2021 /PRNewswire/ -- Axalta Coating Systems (NYSE: AXTA), a leading global supplier of liquid and powder coatings, hosted a virtual Capital Markets Day on May 5, 2021 where Chief Executive Officer Robert Bryant and members of the Axalta Leadership Team presented a detailed overview of the company, its strong and sustainable competitive position, and four-year financial targets. As Axalta enters a new phase focused on growth, the company expects to unlock its full potential to create substantial stakeholder value built on a foundation of innovation, organic and inorganic opportunities, and capitalizing on operational excellence for continuous improvement and enhanced execution.

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