Axalta Coating Systems Key Executives
This section highlights Axalta Coating Systems's key executives, including their titles and compensation details.
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Axalta Coating Systems Earnings
This section highlights Axalta Coating Systems's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Date:
May 07, 2025
Time:
Before Market
Est. EPS:
$0.55
Status:
Unconfirmed
Last Earnings Results
Date:
February 04, 2025
EPS:
$0.60
Est. EPS:
$0.52
Revenue:
$1.31B
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-02-04 | $0.52 | $0.60 |
| Read Transcript | Q3 | 2024 | 2024-10-30 | $0.51 | $0.59 |
| Read Transcript | Q2 | 2024 | 2024-08-01 | $0.51 | $0.57 |
| Read Transcript | Q1 | 2024 | 2024-05-01 | $0.41 | $0.48 |
| Read Transcript | Q4 | 2023 | 2024-02-08 | $0.43 | $0.43 |
| Read Transcript | Q3 | 2023 | 2023-11-01 | $0.38 | $0.45 |
| Read Transcript | Q2 | 2023 | 2023-08-02 | N/A | N/A |
| Read Transcript | Q1 | 2023 | 2023-05-03 | N/A | N/A |
Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It operates through two segments, Performance Coatings and Transportation Coatings. The company offers water and solvent-borne products and systems to repair damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops. It also provides functional and decorative liquid, and powder coatings used in various industrial applications, including architectural cladding and fittings, automotive coatings, general industrial, job coaters, energy solutions, HVAC, appliances, industrial wood, coil, and oil and gas pipelines; and coatings for building materials, cabinet, wood and luxury vinyl flooring, and furniture market under the Voltatex, AquaEC, Durapon, Hydropon, UNRIVALED, Tufcote, and Ceranamel for liquid coatings; and Alesta, Nap-Gard, Abcite, Teodur, and Plascoat brands for powder coatings. In addition, the company develops and supplies electrocoat, primer, the basecoat, and clearcoat products for OEMs of light and commercial vehicles; and coatings systems for various commercial applications, including HDT, bus, and rail under the Imron, Imron Elite, Centari, Rival, Corlar epoxy undercoats, and AquaEC brands. It also sells its product under the Audurra, Challenger, Chemophan, ColorNet, Cromax, Cromax Mosaic, Durapon 70, Duxone, Harmonized Coating Technologies, Imron ExcelPro, Lutophen, Nason, Spies Hecker, Standox, Stollaquid, Syntopal, Syrox, Raptor, U-POL, and Vermeera brand names. The company was formerly known as Axalta Coating Systems Bermuda Co., Ltd. and changed its name to Axalta Coating Systems Ltd. in August 2014. Axalta Coating Systems Ltd. was founded in 1866 and is headquartered in Philadelphia, Pennsylvania.
Basic Materials
Chemicals - Specialty
$34.73
Stock Price
$7.58B
Market Cap
1.30K
Employees
Glen Mills, PA
Location
Financial Statements
Access annual & quarterly financial statements for Axalta Coating Systems, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $5.28B | $5.18B | $4.88B | $4.42B | $3.74B |
| Cost of Revenue | $3.48B | $3.57B | $3.47B | $2.99B | $2.46B |
| Gross Profit | $1.80B | $1.62B | $1.42B | $1.43B | $1.28B |
| Gross Profit Ratio | 34.08% | 31.20% | 29.05% | 32.40% | 34.24% |
| Research and Development Expenses | $74.00M | $74.00M | $66.40M | $62.40M | $55.20M |
| General and Administrative Expenses | $- | $- | $- | $- | $- |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $847.00M | $840.10M | $772.40M | $738.70M | $695.00M |
| Other Expenses | $171.00M | $116.90M | $156.80M | $165.40M | $224.00M |
| Operating Expenses | $1.09B | $1.03B | $995.60M | $966.50M | $974.20M |
| Cost and Expenses | $4.57B | $4.60B | $4.46B | $3.95B | $3.43B |
| Interest Income | $- | $- | $160.10M | $151.10M | $162.80M |
| Interest Expense | $205.00M | $213.30M | $139.80M | $134.20M | $149.90M |
| Depreciation and Amortization | $- | $275.60M | $303.10M | $316.50M | $320.30M |
| EBITDA | $706.00M | $831.00M | $754.50M | $828.60M | $598.30M |
| EBITDA Ratio | 13.38% | 16.03% | 14.34% | 17.92% | 15.85% |
| Operating Income | $706.00M | $587.50M | $423.20M | $462.40M | $305.50M |
| Operating Income Ratio | 13.38% | 11.33% | 8.66% | 10.47% | 8.17% |
| Total Other Income Expenses Net | $-210.00M | $-232.80M | $-165.90M | $-121.90M | $-183.30M |
| Income Before Tax | $496.00M | $354.70M | $257.30M | $340.50M | $122.20M |
| Income Before Tax Ratio | 9.40% | 6.84% | 5.27% | 7.71% | 3.27% |
| Income Tax Expense | $105.00M | $86.20M | $65.10M | $76.10M | $200.00K |
| Net Income | $391.00M | $267.40M | $191.60M | $263.90M | $121.60M |
| Net Income Ratio | 7.41% | 5.16% | 3.92% | 5.98% | 3.25% |
| EPS | $1.78 | $1.21 | $0.86 | $1.14 | $0.52 |
| EPS Diluted | $1.77 | $1.21 | $0.86 | $1.14 | $0.52 |
| Weighted Average Shares Outstanding | 219.30M | 221.00M | 221.70M | 231.00M | 235.20M |
| Weighted Average Shares Outstanding Diluted | 220.40M | 221.90M | 222.30M | 231.90M | 236.00M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.31B | $1.32B | $1.35B | $1.29B | $1.30B | $1.31B | $1.29B | $1.28B | $1.24B | $1.24B | $1.23B | $1.17B | $1.14B | $1.09B | $1.13B | $1.06B | $1.07B | $1.03B | $652.70M | $983.50M |
| Cost of Revenue | $864.00M | $882.00M | $913.00M | $865.00M | $873.80M | $885.50M | $904.40M | $901.90M | $865.20M | $876.60M | $886.40M | $837.40M | $804.70M | $745.30M | $752.80M | $684.50M | $677.80M | $634.10M | $499.20M | $646.80M |
| Gross Profit | $447.00M | $438.00M | $438.00M | $429.00M | $423.50M | $423.50M | $389.50M | $382.00M | $371.50M | $362.10M | $348.50M | $336.70M | $332.50M | $343.30M | $374.00M | $379.10M | $396.70M | $392.80M | $153.50M | $336.70M |
| Gross Profit Ratio | 34.10% | 33.20% | 32.40% | 33.20% | 32.60% | 32.40% | 30.10% | 29.80% | 30.00% | 29.20% | 28.20% | 28.70% | 29.20% | 31.50% | 33.20% | 35.60% | 36.92% | 38.25% | 23.52% | 34.23% |
| Research and Development Expenses | $19.00M | $19.00M | $18.00M | $18.00M | $17.80M | $18.50M | $18.60M | $19.10M | $16.80M | $16.50M | $16.70M | $16.40M | $15.60M | $15.40M | $15.80M | $15.60M | $14.00M | $13.40M | $11.20M | $16.60M |
| General and Administrative Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $195.40M | $- | $- | $195.40M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-16.50M | $- | $- | $- |
| Selling General and Administrative Expenses | $216.00M | $211.00M | $215.00M | $207.00M | $214.90M | $209.00M | $210.20M | $206.00M | $200.80M | $186.40M | $191.70M | $193.50M | $194.40M | $181.00M | $184.20M | $179.10M | $178.90M | $166.50M | $154.20M | $195.40M |
| Other Expenses | $25.00M | $- | $4.00M | $- | $3.00M | $-5.70M | $2.30M | $31.60M | $44.10M | $35.70M | $-2.50M | $40.50M | $1.40M | $1.70M | $10.10M | $2.20M | $-32.50M | $-2.30M | $1.90M | $-800.00K |
| Operating Expenses | $260.00M | $230.00M | $233.00M | $308.00M | $262.30M | $260.10M | $251.90M | $256.70M | $261.70M | $238.60M | $244.90M | $250.40M | $237.80M | $218.60M | $183.60M | $326.50M | $233.50M | $251.10M | $218.00M | $271.60M |
| Cost and Expenses | $1.12B | $1.12B | $1.15B | $1.17B | $1.14B | $1.15B | $1.16B | $1.16B | $1.13B | $1.12B | $1.13B | $1.09B | $1.04B | $963.90M | $936.40M | $1.01B | $911.30M | $885.20M | $717.20M | $918.40M |
| Interest Income | $- | $- | $- | $- | $- | $56.90M | $54.60M | $52.40M | $43.70M | $40.40M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Interest Expense | $47.00M | $54.00M | $50.00M | $54.00M | $55.40M | $55.10M | $54.60M | $48.20M | $38.70M | $35.00M | $33.50M | $32.60M | $33.50M | $33.80M | $33.40M | $33.50M | $37.50M | $39.80M | $36.10M | $36.50M |
| Depreciation and Amortization | $- | $71.00M | $68.00M | $68.00M | $68.70M | $71.20M | $66.20M | $69.50M | $73.60M | $74.50M | $77.30M | $77.70M | $81.80M | $79.30M | $79.00M | $76.40M | $76.70M | $80.40M | $76.60M | $86.60M |
| EBITDA | $187.00M | $270.00M | $273.00M | $243.00M | $236.60M | $231.10M | $197.20M | $200.10M | $169.90M | $194.70M | $172.10M | $159.60M | $174.80M | $203.00M | $274.40M | $126.60M | $215.30M | $215.80M | $14.50M | $152.70M |
| EBITDA Ratio | 14.26% | 20.45% | 20.21% | 14.61% | 17.95% | 17.49% | 15.93% | 15.07% | 10.23% | 16.18% | 14.45% | 13.81% | 11.38% | 18.90% | 24.80% | 12.34% | 19.30% | 16.36% | 2.14% | 15.34% |
| Operating Income | $187.00M | $193.00M | $205.00M | $121.00M | $161.20M | $163.40M | $137.60M | $125.30M | $109.80M | $123.50M | $103.60M | $86.30M | $94.70M | $124.70M | $190.40M | $52.60M | $163.20M | $141.70M | $-64.50M | $65.10M |
| Operating Income Ratio | 14.26% | 14.62% | 15.17% | 9.35% | 12.43% | 12.48% | 10.63% | 9.76% | 8.88% | 9.97% | 8.39% | 7.35% | 8.33% | 11.46% | 16.90% | 4.95% | 15.19% | 13.80% | -9.88% | 6.62% |
| Total Other Income Expenses Net | $-48.00M | $-51.00M | $-49.00M | $-62.00M | $-59.40M | $-60.80M | $-63.50M | $-49.50M | $-52.40M | $-38.40M | $-40.70M | $-34.40M | $-32.10M | $-31.40M | $-25.30M | $-33.10M | $-70.00M | $-42.10M | $-33.90M | $-37.30M |
| Income Before Tax | $139.00M | $142.00M | $156.00M | $59.00M | $101.80M | $102.60M | $74.50M | $75.80M | $57.40M | $85.10M | $62.90M | $51.90M | $62.60M | $93.30M | $165.10M | $19.50M | $93.20M | $99.60M | $-98.40M | $27.80M |
| Income Before Tax Ratio | 10.60% | 10.76% | 11.55% | 4.56% | 7.85% | 7.84% | 5.76% | 5.90% | 4.64% | 6.87% | 5.09% | 4.42% | 5.50% | 8.57% | 14.65% | 1.83% | 8.67% | 9.70% | -15.08% | 2.83% |
| Income Tax Expense | $2.00M | $40.00M | $43.00M | $20.00M | $28.20M | $29.30M | $13.40M | $15.30M | $13.50M | $21.80M | $18.80M | $11.00M | $9.20M | $24.40M | $38.70M | $3.80M | $22.90M | $17.10M | $-15.20M | $-24.60M |
| Net Income | $137.00M | $101.00M | $112.00M | $41.00M | $73.10M | $72.90M | $60.90M | $61.00M | $43.60M | $62.40M | $44.10M | $41.50M | $53.20M | $69.10M | $126.40M | $15.20M | $69.70M | $82.50M | $-82.80M | $52.20M |
| Net Income Ratio | 10.45% | 7.65% | 8.29% | 3.17% | 5.63% | 5.57% | 4.71% | 4.75% | 3.53% | 5.04% | 3.57% | 3.53% | 4.68% | 6.35% | 11.22% | 1.43% | 6.49% | 8.03% | -12.69% | 5.31% |
| EPS | $0.63 | $0.46 | $0.51 | $0.18 | $0.33 | $0.33 | $0.27 | $0.27 | $0.20 | $0.28 | $0.20 | $0.18 | $0.23 | $0.30 | $0.54 | $0.06 | $0.30 | $0.35 | $-0.35 | $0.22 |
| EPS Diluted | $0.62 | $0.46 | $0.51 | $0.18 | $0.33 | $0.33 | $0.27 | $0.27 | $0.20 | $0.28 | $0.20 | $0.18 | $0.23 | $0.30 | $0.54 | $0.06 | $0.30 | $0.35 | $-0.35 | $0.22 |
| Weighted Average Shares Outstanding | 218.10M | 218.90M | 219.90M | 220.30M | 220.10M | 221.00M | 221.60M | 221.20M | 220.70M | 220.60M | 221.00M | 224.70M | 227.90M | 229.90M | 232.50M | 233.90M | 235.30M | 235.30M | 235.20M | 234.90M |
| Weighted Average Shares Outstanding Diluted | 219.30M | 220.90M | 220.90M | 221.30M | 220.90M | 221.90M | 222.50M | 222.10M | 221.50M | 221.20M | 221.40M | 225.20M | 228.90M | 230.70M | 233.50M | 234.70M | 236.20M | 236.00M | 235.20M | 235.90M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $593.00M | $699.80M | $645.20M | $840.60M | $1.36B |
| Short Term Investments | $- | $400.00K | $2.30M | $- | $- |
| Cash and Short Term Investments | $593.00M | $700.20M | $645.20M | $840.60M | $1.36B |
| Net Receivables | $1.25B | $1.26B | $1.07B | $937.50M | $869.80M |
| Inventory | $734.00M | $741.10M | $829.60M | $669.70M | $559.90M |
| Other Current Assets | $148.00M | $120.10M | $150.50M | $127.80M | $135.30M |
| Total Current Assets | $2.72B | $2.82B | $2.69B | $2.58B | $2.93B |
| Property Plant Equipment Net | $1.18B | $1.31B | $1.19B | $1.19B | $1.19B |
| Goodwill | $1.64B | $1.59B | $1.50B | $1.59B | $1.29B |
| Intangible Assets | $1.15B | $1.13B | $1.11B | $1.28B | $1.15B |
| Goodwill and Intangible Assets | $2.79B | $2.72B | $2.61B | $2.87B | $2.44B |
| Long Term Investments | $- | $200.00K | $1.00M | $-181.50M | $1.70M |
| Tax Assets | $- | $170.50M | $165.20M | $181.50M | $223.60M |
| Other Non-Current Assets | $556.00M | $249.90M | $399.80M | $584.50M | $367.80M |
| Total Non-Current Assets | $4.53B | $4.45B | $4.37B | $4.64B | $4.23B |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $7.25B | $7.27B | $7.06B | $7.22B | $7.16B |
| Account Payables | $603.00M | $665.30M | $733.50M | $657.40M | $564.40M |
| Short Term Debt | $47.00M | $54.30M | $59.40M | $106.90M | $83.00M |
| Tax Payables | $55.00M | $62.00M | $54.00M | $53.40M | $56.40M |
| Deferred Revenue | $- | $- | $162.10M | $- | $- |
| Other Current Liabilities | $649.00M | $645.90M | $537.80M | $517.20M | $477.10M |
| Total Current Liabilities | $1.35B | $1.43B | $1.39B | $1.33B | $1.18B |
| Long Term Debt | $- | $3.48B | $3.75B | $3.83B | $3.91B |
| Deferred Revenue Non-Current | $- | $- | $- | $269.30M | $309.90M |
| Deferred Tax Liabilities Non-Current | $151.00M | $162.30M | $162.10M | $174.70M | $114.00M |
| Other Non-Current Liabilities | $3.79B | $431.00M | $263.70M | $339.70M | $468.40M |
| Total Non-Current Liabilities | $3.94B | $4.07B | $4.17B | $4.34B | $4.50B |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $5.29B | $5.50B | $5.56B | $5.68B | $5.68B |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $255.00M | $253.70M | $252.40M | $251.80M | $250.90M |
| Retained Earnings | $1.68B | $1.29B | $1.02B | $827.20M | $563.30M |
| Accumulated Other Comprehensive Income Loss | $-582.00M | $-444.20M | $-466.90M | $-414.40M | $-424.80M |
| Other Total Stockholders Equity | $562.00M | $631.60M | $649.20M | $828.30M | $1.04B |
| Total Stockholders Equity | $1.91B | $1.73B | $1.45B | $1.49B | $1.43B |
| Total Equity | $1.96B | $1.77B | $1.50B | $1.54B | $1.48B |
| Total Liabilities and Stockholders Equity | $7.25B | $7.27B | $7.06B | $7.22B | $7.16B |
| Minority Interest | $44.00M | $45.50M | $46.00M | $45.80M | $46.80M |
| Total Liabilities and Total Equity | $7.25B | $7.27B | $7.06B | $7.22B | $7.16B |
| Total Investments | $- | $600.00K | $1.00M | $-181.50M | $1.70M |
| Total Debt | $20.00M | $3.54B | $3.70B | $3.83B | $3.89B |
| Net Debt | $-573.00M | $2.84B | $3.06B | $2.99B | $2.53B |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $593.00M | $567.00M | $843.00M | $624.00M | $699.80M | $605.80M | $517.60M | $512.10M | $645.20M | $517.40M | $500.20M | $576.20M | $840.60M | $627.70M | $1.23B | $1.27B | $1.36B | $1.34B | $1.12B | $657.20M |
| Short Term Investments | $- | $- | $- | $- | $400.00K | $800.00K | $1.20M | $500.00K | $2.30M | $7.10M | $4.50M | $700.00K | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $593.00M | $567.00M | $843.00M | $624.00M | $699.80M | $605.80M | $517.60M | $512.10M | $645.20M | $517.40M | $500.20M | $576.20M | $840.60M | $627.70M | $1.23B | $1.27B | $1.36B | $1.34B | $1.12B | $657.20M |
| Net Receivables | $1.25B | $1.30B | $1.09B | $1.07B | $1.26B | $1.30B | $1.27B | $1.17B | $1.07B | $1.11B | $1.10B | $1.03B | $937.50M | $898.80M | $1.04B | $902.30M | $869.80M | $824.20M | $664.00M | $777.60M |
| Inventory | $734.00M | $818.00M | $745.00M | $751.00M | $741.10M | $750.00M | $766.70M | $798.60M | $829.60M | $829.40M | $799.50M | $764.00M | $669.70M | $677.90M | $614.50M | $582.20M | $559.90M | $536.70M | $539.30M | $596.10M |
| Other Current Assets | $148.00M | $155.00M | $270.00M | $314.00M | $120.50M | $128.90M | $134.20M | $143.60M | $150.50M | $214.70M | $177.70M | $146.30M | $127.80M | $309.40M | $167.10M | $139.40M | $135.30M | $148.10M | $153.30M | $158.40M |
| Total Current Assets | $2.72B | $2.84B | $3.01B | $2.76B | $2.82B | $2.79B | $2.69B | $2.62B | $2.69B | $2.67B | $2.58B | $2.52B | $2.58B | $2.51B | $3.05B | $2.89B | $2.93B | $2.85B | $2.48B | $2.19B |
| Property Plant Equipment Net | $1.18B | $1.19B | $1.16B | $1.17B | $1.31B | $1.17B | $1.20B | $1.20B | $1.19B | $1.12B | $1.15B | $1.18B | $1.19B | $1.19B | $1.18B | $1.16B | $1.19B | $1.17B | $1.16B | $1.16B |
| Goodwill | $1.64B | $1.72B | $1.55B | $1.55B | $1.59B | $1.48B | $1.53B | $1.52B | $1.50B | $1.39B | $1.50B | $1.57B | $1.59B | $1.62B | $1.29B | $1.26B | $1.29B | $1.25B | $1.21B | $1.20B |
| Intangible Assets | $1.15B | $1.21B | $1.06B | $1.09B | $1.13B | $1.04B | $1.08B | $1.09B | $1.11B | $1.09B | $1.17B | $1.24B | $1.28B | $1.32B | $1.10B | $1.10B | $1.15B | $1.15B | $1.16B | $1.18B |
| Goodwill and Intangible Assets | $2.79B | $2.92B | $2.61B | $2.64B | $2.72B | $2.52B | $2.60B | $2.62B | $2.61B | $2.48B | $2.67B | $2.81B | $2.87B | $2.94B | $2.39B | $2.36B | $2.44B | $2.39B | $2.37B | $2.38B |
| Long Term Investments | $- | $1.00M | $3.00M | $-155.00M | $600.00K | $-145.40M | $-155.40M | $-163.10M | $1.00M | $600.00K | $600.00K | $-165.50M | $-181.50M | $-177.90M | $-116.60M | $-108.20M | $1.70M | $-108.50M | $-108.70M | $-108.60M |
| Tax Assets | $- | $163.00M | $152.00M | $155.00M | $170.50M | $145.40M | $155.40M | $163.10M | $165.20M | $139.50M | $-600.00K | $165.50M | $181.50M | $177.90M | $116.60M | $108.20M | $223.60M | $108.50M | $108.70M | $108.60M |
| Other Non-Current Assets | $556.00M | $385.00M | $369.00M | $514.00M | $249.50M | $520.30M | $553.00M | $555.70M | $399.80M | $405.10M | $540.70M | $568.90M | $584.50M | $582.90M | $587.00M | $610.80M | $367.80M | $626.60M | $662.80M | $661.90M |
| Total Non-Current Assets | $4.53B | $4.66B | $4.29B | $4.33B | $4.45B | $4.21B | $4.35B | $4.38B | $4.37B | $4.15B | $4.36B | $4.57B | $4.64B | $4.72B | $4.16B | $4.13B | $4.23B | $4.19B | $4.19B | $4.20B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $7.25B | $7.50B | $7.31B | $7.09B | $7.27B | $7.00B | $7.04B | $7.00B | $7.06B | $6.82B | $6.94B | $7.08B | $7.22B | $7.23B | $7.21B | $7.02B | $7.16B | $7.04B | $6.67B | $6.39B |
| Account Payables | $603.00M | $708.00M | $715.00M | $721.00M | $665.30M | $709.90M | $702.30M | $703.50M | $733.50M | $746.60M | $746.80M | $748.00M | $657.40M | $622.50M | $597.50M | $565.00M | $564.40M | $482.90M | $331.90M | $489.80M |
| Short Term Debt | $47.00M | $20.00M | $20.00M | $20.00M | $56.90M | $32.00M | $39.00M | $41.60M | $68.50M | $66.70M | $61.50M | $76.10M | $106.90M | $43.30M | $40.50M | $49.90M | $83.00M | $48.70M | $41.30M | $40.20M |
| Tax Payables | $55.00M | $- | $- | $- | $62.00M | $- | $- | $13.00M | $54.00M | $- | $- | $- | $53.40M | $- | $- | $- | $56.40M | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $- | $28.40M | $- | $- | $- | $162.10M | $139.50M | $- | $- | $174.70M | $- | $- | $- | $114.00M | $- | $- | $- |
| Other Current Liabilities | $649.00M | $694.00M | $600.00M | $591.00M | $643.30M | $616.40M | $587.90M | $521.60M | $528.70M | $536.40M | $525.10M | $520.90M | $517.20M | $610.80M | $578.20M | $575.20M | $477.10M | $533.60M | $487.70M | $477.20M |
| Total Current Liabilities | $1.35B | $1.42B | $1.33B | $1.33B | $1.43B | $1.36B | $1.33B | $1.28B | $1.39B | $1.35B | $1.33B | $1.34B | $1.33B | $1.28B | $1.22B | $1.19B | $1.18B | $1.07B | $860.90M | $1.01B |
| Long Term Debt | $- | $3.50B | $3.59B | $3.17B | $3.48B | $3.51B | $3.53B | $3.61B | $3.80B | $3.66B | $3.71B | $3.74B | $3.83B | $3.80B | $3.81B | $3.81B | $3.91B | $4.01B | $3.98B | $3.48B |
| Deferred Revenue Non-Current | $- | $- | $- | $241.00M | $252.00M | $201.30M | $209.40M | $- | $- | $- | $246.40M | $- | $269.30M | $288.00M | $296.00M | $294.20M | $309.90M | $284.00M | $278.30M | $275.40M |
| Deferred Tax Liabilities Non-Current | $151.00M | $163.00M | $152.00M | $155.00M | $162.30M | $145.40M | $155.40M | $163.10M | $162.10M | $139.50M | $157.50M | $165.50M | $174.70M | $177.90M | $116.60M | $108.20M | $114.00M | $108.50M | $108.70M | $108.60M |
| Other Non-Current Liabilities | $3.79B | $459.00M | $413.00M | $179.00M | $431.00M | $333.10M | $340.60M | $337.00M | $214.30M | $347.10M | $372.20M | $410.60M | $339.70M | $492.20M | $527.90M | $506.60M | $468.40M | $467.20M | $460.40M | $454.60M |
| Total Non-Current Liabilities | $3.94B | $4.13B | $4.15B | $3.98B | $4.07B | $3.99B | $4.02B | $4.11B | $4.17B | $4.15B | $4.24B | $4.32B | $4.34B | $4.47B | $4.46B | $4.42B | $4.50B | $4.59B | $4.55B | $4.04B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $5.29B | $5.55B | $5.49B | $5.31B | $5.50B | $5.35B | $5.35B | $5.39B | $5.56B | $5.50B | $5.57B | $5.66B | $5.68B | $5.75B | $5.67B | $5.62B | $5.68B | $5.65B | $5.41B | $5.05B |
| Preferred Stock | $- | $- | $195.00M | $- | $- | $- | $- | $- | $- | $- | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $255.00M | $254.00M | $254.00M | $254.00M | $253.70M | $253.70M | $253.50M | $253.30M | $252.40M | $252.40M | $252.30M | $252.20M | $251.80M | $251.70M | $251.70M | $251.20M | $250.90M | $250.60M | $250.50M | $250.40M |
| Retained Earnings | $1.68B | $1.54B | $1.44B | $1.33B | $1.29B | $1.21B | $1.14B | $1.08B | $1.02B | $975.20M | $912.80M | $868.70M | $827.20M | $774.00M | $704.90M | $578.50M | $563.30M | $493.60M | $411.10M | $493.90M |
| Accumulated Other Comprehensive Income Loss | $-582.00M | $-442.00M | $-517.00M | $-488.00M | $-444.20M | $-486.60M | $-419.70M | $-422.50M | $-466.90M | $-593.90M | $-473.20M | $-401.40M | $-414.40M | $-438.30M | $-408.00M | $-453.60M | $-424.80M | $-470.20M | $-509.60M | $-513.90M |
| Other Total Stockholders Equity | $562.00M | $553.00M | $597.00M | $638.00M | $631.60M | $623.90M | $670.20M | $660.00M | $649.20M | $639.60M | $634.30M | $655.90M | $828.30M | $853.40M | $939.70M | $983.30M | $1.04B | $1.07B | $1.06B | $1.06B |
| Total Stockholders Equity | $1.91B | $1.91B | $1.77B | $1.73B | $1.73B | $1.60B | $1.64B | $1.57B | $1.45B | $1.27B | $1.33B | $1.38B | $1.49B | $1.44B | $1.49B | $1.36B | $1.43B | $1.34B | $1.21B | $1.29B |
| Total Equity | $1.96B | $1.95B | $1.82B | $1.77B | $1.77B | $1.65B | $1.69B | $1.62B | $1.50B | $1.32B | $1.37B | $1.42B | $1.54B | $1.49B | $1.54B | $1.41B | $1.48B | $1.38B | $1.26B | $1.34B |
| Total Liabilities and Stockholders Equity | $7.25B | $7.50B | $7.31B | $7.09B | $7.27B | $7.00B | $7.04B | $7.00B | $7.06B | $6.82B | $6.94B | $7.08B | $7.22B | $7.23B | $7.21B | $7.02B | $7.16B | $7.04B | $6.67B | $6.39B |
| Minority Interest | $44.00M | $46.00M | $45.00M | $44.00M | $45.50M | $44.50M | $44.80M | $45.20M | $46.00M | $46.10M | $46.60M | $45.80M | $45.80M | $46.30M | $47.00M | $46.40M | $46.80M | $45.00M | $45.50M | $49.80M |
| Total Liabilities and Total Equity | $7.25B | $7.50B | $7.31B | $7.09B | $7.27B | $7.00B | $7.04B | $7.00B | $7.06B | $6.82B | $6.94B | $7.08B | $7.22B | $7.23B | $7.21B | $7.02B | $7.16B | $7.04B | $6.67B | $6.39B |
| Total Investments | $- | $1.00M | $3.00M | $-155.00M | $600.00K | $-145.40M | $-155.40M | $-163.10M | $1.00M | $600.00K | $5.10M | $-165.50M | $-181.50M | $-177.90M | $-116.60M | $-108.20M | $1.70M | $-108.50M | $-108.70M | $-108.60M |
| Total Debt | $20.00M | $3.52B | $3.61B | $3.43B | $3.54B | $3.54B | $3.57B | $3.65B | $3.70B | $3.73B | $3.77B | $3.82B | $3.83B | $3.84B | $3.85B | $3.86B | $3.89B | $4.06B | $4.02B | $3.52B |
| Net Debt | $-573.00M | $2.96B | $2.77B | $2.80B | $2.84B | $2.94B | $3.05B | $3.13B | $3.06B | $3.21B | $3.27B | $3.24B | $2.99B | $3.21B | $2.62B | $2.59B | $2.53B | $2.72B | $2.90B | $2.86B |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $391.00M | $268.50M | $192.20M | $264.40M | $122.00M |
| Depreciation and Amortization | $280.00M | $275.60M | $303.10M | $316.50M | $320.30M |
| Deferred Income Tax | $-17.00M | $-8.40M | $-3.40M | $15.00M | $-55.40M |
| Stock Based Compensation | $28.00M | $26.20M | $22.20M | $14.90M | $15.10M |
| Change in Working Capital | $-123.00M | $-53.50M | $-264.40M | $-45.40M | $58.30M |
| Accounts Receivables | $-7.00M | $- | $-171.00M | $-80.50M | $-116.00M |
| Inventory | $12.00M | $103.10M | $-195.40M | $-111.60M | $39.60M |
| Accounts Payables | $-49.00M | $9.40M | $138.00M | $140.10M | $103.00M |
| Other Working Capital | $-79.00M | $-166.00M | $-36.00M | $6.60M | $31.70M |
| Other Non Cash Items | $17.00M | $66.90M | $44.10M | $-6.80M | $49.00M |
| Net Cash Provided by Operating Activities | $576.00M | $575.30M | $293.80M | $558.60M | $509.30M |
| Investments in Property Plant and Equipment | $-140.00M | $-137.90M | $-150.90M | $-121.60M | $-82.10M |
| Acquisitions Net | $-301.00M | $-106.30M | $-3.00M | $-649.00M | $3.40M |
| Purchases of Investments | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $25.00M | $- | $- |
| Other Investing Activities | $1.00M | $38.50M | $22.50M | $54.60M | $17.20M |
| Net Cash Used for Investing Activities | $-440.00M | $-205.70M | $-106.40M | $-716.00M | $-61.50M |
| Debt Repayment | $-92.00M | $-247.90M | $-153.00M | $-100.90M | $-62.10M |
| Common Stock Issued | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $-100.00M | $-50.00M | $-200.10M | $-243.80M | $-26.00M |
| Dividends Paid | $- | $- | $- | $- | $-900.00K |
| Other Financing Activities | $-9.00M | $-17.10M | $-15.80M | $10.20M | $-41.90M |
| Net Cash Used Provided by Financing Activities | $-201.00M | $-315.00M | $-368.90M | $-334.50M | $-130.90M |
| Effect of Forex Changes on Cash | $-42.00M | $-6.40M | $-14.80M | $-20.90M | $26.60M |
| Net Change in Cash | $-107.00M | $48.20M | $-196.30M | $-512.80M | $343.50M |
| Cash at End of Period | $596.00M | $703.10M | $654.90M | $851.20M | $1.36B |
| Cash at Beginning of Period | $703.00M | $654.90M | $851.20M | $1.36B | $1.02B |
| Operating Cash Flow | $576.00M | $575.30M | $293.80M | $558.60M | $509.30M |
| Capital Expenditure | $-140.00M | $-137.90M | $-150.90M | $-121.60M | $-82.10M |
| Free Cash Flow | $436.00M | $437.40M | $142.90M | $437.00M | $427.20M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $137.00M | $103.00M | $112.00M | $39.00M | $73.60M | $73.30M | $61.10M | $60.50M | $43.90M | $63.30M | $44.10M | $40.90M | $53.40M | $68.90M | $126.40M | $15.70M | $70.30M | $82.50M | $-83.20M | $52.40M |
| Depreciation and Amortization | $73.00M | $71.00M | $68.00M | $68.00M | $68.70M | $71.20M | $66.20M | $69.50M | $73.60M | $74.50M | $77.30M | $77.70M | $81.80M | $79.30M | $79.00M | $76.40M | $76.70M | $80.40M | $76.60M | $86.60M |
| Deferred Income Tax | $-27.00M | $2.00M | $2.00M | $6.00M | $-300.00K | $-8.60M | $-1.90M | $2.40M | $-6.20M | $800.00K | $4.70M | $-2.70M | $5.70M | $4.10M | $23.50M | $-18.30M | $1.80M | $4.00M | $-15.50M | $-45.70M |
| Stock Based Compensation | $7.00M | $7.00M | $8.00M | $6.00M | $6.90M | $5.70M | $7.60M | $6.00M | $8.20M | $5.00M | $3.70M | $5.30M | $3.20M | $3.90M | $4.20M | $3.60M | $-800.00K | $4.70M | $6.10M | $5.10M |
| Change in Working Capital | $43.00M | $13.00M | $-81.00M | $-98.00M | $136.20M | $38.90M | $-23.60M | $-205.00M | $102.10M | $-65.70M | $-138.70M | $-162.10M | $135.60M | $-1.70M | $-132.80M | $-46.50M | $98.50M | $58.20M | $4.00M | $-102.40M |
| Accounts Receivables | $9.00M | $19.00M | $-39.00M | $4.00M | $-26.70M | $-18.70M | $-101.90M | $-92.30M | $19.10M | $-52.30M | $-103.90M | $-86.20M | $-80.50M | $-1.22B | $-1.97B | $-52.60M | $-26.00M | $-104.30M | $94.70M | $5.40M |
| Inventory | $66.00M | $-32.00M | $-2.00M | $-20.00M | $37.30M | $-3.70M | $30.90M | $38.60M | $25.40M | $-69.40M | $-59.90M | $-91.50M | $-3.80M | $-48.70M | $-22.90M | $-36.20M | $-3.60M | $10.70M | $59.60M | $-27.10M |
| Accounts Payables | $- | $-25.00M | $-4.00M | $11.00M | $-7.90M | $29.00M | $10.00M | $-21.70M | $-51.70M | $42.20M | $27.10M | $120.40M | $51.80M | $28.30M | $26.60M | $33.40M | $87.80M | $146.20M | $-160.00M | $29.00M |
| Other Working Capital | $-32.00M | $51.00M | $-36.00M | $-93.00M | $133.50M | $32.30M | $37.40M | $-129.60M | $109.30M | $13.80M | $-2.00M | $-104.80M | $168.10M | $1.24B | $1.83B | $8.90M | $40.30M | $5.60M | $9.70M | $-109.70M |
| Other Non Cash Items | $1.00M | $- | $192.00M | $1.00M | $900.00K | $29.60M | $21.90M | $14.50M | $24.00M | $2.00M | $18.40M | $-3.00M | $-11.10M | $-11.60M | $7.20M | $8.70M | $31.90M | $3.60M | $10.30M | $3.20M |
| Net Cash Provided by Operating Activities | $234.00M | $196.00M | $112.00M | $34.00M | $286.00M | $210.10M | $131.00M | $-51.80M | $245.60M | $79.90M | $12.20M | $-43.90M | $268.60M | $142.90M | $107.50M | $39.60M | $278.40M | $233.40M | $-1.70M | $-800.00K |
| Investments in Property Plant and Equipment | $-62.00M | $-33.00M | $-23.00M | $-22.00M | $-32.60M | $-31.40M | $-32.50M | $-41.40M | $-43.40M | $-35.50M | $-29.50M | $-42.50M | $-22.90M | $-38.40M | $-28.50M | $-31.80M | $-25.90M | $-13.80M | $-19.70M | $-22.70M |
| Acquisitions Net | $-11.00M | $-290.00M | $- | $- | $-106.30M | $- | $- | $- | $-3.00M | $- | $- | $- | $-1.70M | $-609.70M | $-37.60M | $- | $3.40M | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $29.90M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $7.00M | $- | $-29.40M | $- | $400.00K | $29.40M | $-25.00M | $- | $- | $25.00M | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $7.00M | $-15.00M | $6.00M | $3.00M | $-2.80M | $3.90M | $1.00M | $6.50M | $32.90M | $5.70M | $-2.10M | $7.20M | $28.50M | $19.50M | $-35.00M | $4.00M | $300.00K | $8.80M | $4.00M | $4.10M |
| Net Cash Used for Investing Activities | $-66.00M | $-338.00M | $-17.00M | $-19.00M | $-141.20M | $-27.50M | $-31.50M | $-5.50M | $-38.50M | $-29.80M | $-27.80M | $-10.30M | $3.90M | $-628.60M | $-63.50M | $-27.80M | $-22.20M | $-5.00M | $-15.70M | $-18.60M |
| Debt Repayment | $-106.00M | $-85.00M | $180.00M | $-81.00M | $-54.80M | $-19.40M | $-93.10M | $-81.00M | $-80.20M | $-15.10M | $-26.80M | $-30.90M | $-26.30M | $-19.30M | $-28.60M | $-26.70M | $-213.60M | $-16.80M | $486.10M | $-317.80M |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $-50.00M | $-50.00M | $- | $- | $-50.00M | $- | $- | $- | $- | $-25.00M | $-175.10M | $-30.00M | $-90.10M | $-60.00M | $-63.70M | $-25.10M | $- | $-900.00K | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-900.00K | $- | $- | $- |
| Other Financing Activities | $-5.00M | $-5.00M | $-48.00M | $-1.00M | $-7.50M | $-3.70M | $2.10M | $-1.60M | $-13.80M | $400.00K | $-300.00K | $-2.10M | $1.30M | $-200.00K | $11.20M | $-2.10M | $-28.10M | $-5.50M | $-4.80M | $-3.50M |
| Net Cash Used Provided by Financing Activities | $-111.00M | $-140.00M | $132.00M | $-82.00M | $-62.30M | $-73.50M | $-90.80M | $-88.40M | $-94.00M | $-14.70M | $-52.10M | $-208.10M | $-55.00M | $-109.60M | $-77.40M | $-92.50M | $-267.70M | $-22.30M | $480.40M | $-321.30M |
| Effect of Forex Changes on Cash | $-32.00M | $10.00M | $-11.00M | $-9.00M | $12.50M | $-21.00M | $-3.40M | $5.50M | $15.10M | $-18.90M | $-8.90M | $-2.10M | $-4.40M | $-8.10M | $5.10M | $-13.50M | $31.30M | $11.60M | $3.50M | $-19.80M |
| Net Change in Cash | $25.00M | $-272.00M | $216.00M | $-76.00M | $95.00M | $88.10M | $5.30M | $-140.20M | $128.20M | $16.50M | $-76.60M | $-264.40M | $213.10M | $-603.40M | $-28.30M | $-94.20M | $19.80M | $217.70M | $466.50M | $-360.50M |
| Cash at End of Period | $596.00M | $571.00M | $843.00M | $627.00M | $703.10M | $608.10M | $520.00M | $514.70M | $654.90M | $526.70M | $510.20M | $586.80M | $851.20M | $638.10M | $1.24B | $1.27B | $1.36B | $1.34B | $1.13B | $660.00M |
| Cash at Beginning of Period | $571.00M | $843.00M | $627.00M | $703.00M | $608.10M | $520.00M | $514.70M | $654.90M | $526.70M | $510.20M | $586.80M | $851.20M | $638.10M | $1.24B | $1.27B | $1.36B | $1.34B | $1.13B | $660.00M | $1.02B |
| Operating Cash Flow | $234.00M | $196.00M | $112.00M | $34.00M | $286.00M | $210.10M | $131.00M | $-51.80M | $245.60M | $79.90M | $12.20M | $-43.90M | $268.60M | $142.90M | $107.50M | $39.60M | $278.40M | $233.40M | $-1.70M | $-800.00K |
| Capital Expenditure | $-62.00M | $-33.00M | $-23.00M | $-22.00M | $-32.60M | $-31.40M | $-32.50M | $-41.40M | $-43.40M | $-35.50M | $-29.50M | $-42.50M | $-22.90M | $-38.40M | $-28.50M | $-31.80M | $-25.90M | $-13.80M | $-19.70M | $-22.70M |
| Free Cash Flow | $172.00M | $163.00M | $89.00M | $12.00M | $253.40M | $178.70M | $98.50M | $-93.20M | $202.20M | $44.40M | $-17.30M | $-86.40M | $245.70M | $104.50M | $79.00M | $7.80M | $252.50M | $219.60M | $-21.40M | $-23.50M |
Axalta Coating Systems Dividends
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Axalta Coating Systems News
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Axalta Coating: Great Performance Yet Underappreciated.
Axalta has been outperforming analyst estimates for quite some time. I believe the company is on the right track, and it should continue to show good performance going forward. AXTA is in progress to achieving all its growth targets that it laid down on its 2024 strategy day within 2025, which were initially planned to achieve in 2026. While topline growth was weak due to end market weakness, I believe there is potential for the company to surprise on the upside regarding revenue once the end market.
Axalta Coating Systems Ltd. (AXTA) Q4 2024 Earnings Call Transcript
Axalta Coating Systems Ltd. (NYSE:AXTA ) Q4 2024 Earnings Conference Call February 4, 2025 8:00 AM ET Company Participants Chris Villavarayan - Chief Executive Officer, President Carl Anderson - Chief Financial Officer Colleen Lubic - Vice President of Investor Relations Conference Call Participants Mike Leithead - Barclays Chris Parkinson - Wolf Research John McNulty - BMO Capital Markets Mike Sison - Wells Fargo Vincent Andrews - Morgan Stanley John Roberts - Mizuho Duffy Fischer - Goldman Sachs Ghansham Panjabi - Baird Aleksey Yefremov - KeyBanc Capital Markets Mike Harrison - Seaport Research Partners Jeff Ziolkowski - JP Morgan Rock Hoffman - Bank of America Operator Ladies and gentlemen, thank you for standing by.
Here's What Key Metrics Tell Us About Axalta Coating Systems (AXTA) Q4 Earnings
Although the revenue and EPS for Axalta Coating Systems (AXTA) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Axalta Appoints Tim Bowes as President, Global Industrial Coatings
PHILADELPHIA, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Axalta Coating Systems Ltd. (NYSE: AXTA) (“Axalta” or the “Company”), a leading global coatings company, today announced that Tim Bowes has been appointed President, Global Industrial Coatings, effective January 27, 2025. Mr. Bowes will succeed Shelley Bausch who will be stepping down from her role.
Axalta Coating transferred with an Outperform at Evercore ISI
Evercore ISI took over coverage of Axalta Coating with an Outperform rating and $47 price target as well as 10 other chemical names. Dissonance between sputtering industrial demand into year-end and prospects for a "less bad" 2025 has "muddled the forward outlook for chemicals investors" and the firm's sense is further EBITDA and EPS cuts coming to Q1 and FY25 "are needed to clear the deck," the analyst says. However, Evercore suspects the stocks "move sharply higher with signs of improving demand, so begin to position accordingly," the analyst added.
Axalta Wins Another Distinguished R&D 100 Award for Innovation
PHILADELPHIA, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Axalta (NYSE: AXTA), a leading global coatings company, has won a 2024 R&D 100 Award in the Mechanical and Materials category. Axalta's Primerless Consolidated Coating System is used in a streamlined, consolidated automotive paint process that delivers superior color capability, especially for glamorous and difficult to create colors. The coating system, together with this consolidated process, provides sustainability and productivity to automotive paint shops.
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