Axalta Coating Systems Ltd.’s (AXTA) shares have gained 12.4% in the past three months. The company also outperformed the industry’s rise of 2% and topped the S&P 500’s 11.7% rise over the same period.Image Source: Zacks Investment ResearchLet’s look at the factors driving the stock’s price appreciation. What’s Driving Axalta Coating?In the first quarter, Axalta Coating delivered impressive results, registering a 37.1% year-over-year increase in adjusted earnings. Quarterly sales inched up 0.8%, reaching $1 ...

PHILADELPHIA, July 08, 2024 (GLOBE NEWSWIRE) -- Axalta Coating Systems Ltd. (NYSE:AXTA), a leading global coatings company, today announced that Chris Evans has been appointed Vice President, Global Strategy and Colleen Lubic has been appointed Vice President, Investor Relations. The appointments are effective immediately and further demonstrate Axalta's bench strength. Evans has served as Axalta's VP, Investor Relations since early 2022. Prior to joining the company, he led the Investor Relations function ...

PHILADELPHIA, July 02, 2024 (GLOBE NEWSWIRE) -- Axalta Coating Systems (NYSE: AXTA), a leading global coatings company, has successfully completed the previously announced acquisition of The CoverFlexx Group from Transtar Holding Company. The CoverFlexx Group manufactures and sells coatings for automotive refinish and aftermarket applications, focused on economy customers in North America. “The acquisition of The CoverFlexx Group further solidifies our excellent offerings in Refinish coatings,” said Chris V ...

PHILADELPHIA, July 02, 2024 (GLOBE NEWSWIRE) -- Axalta Coating Systems (NYSE: AXTA), a leading global coatings company, has successfully completed the previously announced acquisition of The CoverFlexx Group from Transtar Holding Company. The CoverFlexx Group manufactures and sells coatings for automotive refinish and aftermarket applications, focused on economy customers in North America. “The acquisition of The CoverFlexx Group further solidifies our excellent offerings in Refinish coatings,” said Chris V ...

Axalta Coating Systems Ltd.’s (AXTA) stock looks promising at the moment. It posted robust first-quarter earnings that exceeded expectations.Presenting a lucrative investment opportunity with strong growth prospects, AXTA sports a Zacks Rank #1 (Strong Buy).Earnings OutperformanceIn the first quarter, Axalta Coating outperformed expectations, posting adjusted earnings of 48 cents per share, surpassing the Zacks Consensus Estimate of 40 cents. It pulled off a trailing four-quarter earnings surprise of around ...

Group 1 - Axalta Coating Systems (AXTA) is currently ranked 1 (Strong Buy) in the Zacks Rank, indicating a strong earnings outlook [1] - The Zacks Consensus Estimate for AXTA's full-year earnings has increased by 6.1% in the past quarter, reflecting improved analyst sentiment [2] - Year-to-date, AXTA has gained approximately 1.2%, outperforming the Basic Materials sector, which has seen an average loss of 3.6% [2] Group 2 - Axalta Coating Systems is part of the Chemical - Specialty industry, which is currently ranked 168 in the Zacks Industry Rank, with an average loss of 19.6% year-to-date [3] - In contrast, Amerigo Resources, another outperforming stock in the Basic Materials sector, belongs to the Mining - Non Ferrous industry, which is ranked 52 and has gained 23.2% year-to-date [3] - Both Axalta Coating Systems and Amerigo Resources are expected to continue their solid performance, making them noteworthy for investors in the Basic Materials sector [3]

The chemical industry is poised to benefit from an uptick in demand in certain key markets, including consumer durables and building & construction, as the unprecedented customer inventory de-stocking that started in late 2022 and plagued the industry through the first quarter of 2024 is largely complete.In addition to the expected demand rebound, strategic measures, including operating cost reduction and price hike actions along with declining raw material costs, bode well for the industry. Stocks like DuP ...

Core Viewpoint - Axalta Coating Systems is presenting its three-year strategic plan, the 2026 A-Plan, aimed at enhancing company performance and shareholder value through various growth strategies [1][2] Group 1: Strategic Focus - The 2026 A-Plan emphasizes five growth tenets: cultural transformation, operational excellence, optimized portfolio strategy, sustainable innovation, and effective capital allocation [1] - The company targets $500 million in net sales growth and over 60% growth in Adjusted Diluted EPS compared to 2023, with adjusted EBITDA margins exceeding 21% by 2026 [1] Group 2: Company Background - Axalta is a global leader in the coatings industry, providing innovative and sustainable coating solutions across various applications, including light vehicles, commercial vehicles, and industrial uses [3] - With over 150 years of experience, Axalta serves more than 100,000 customers in over 140 countries, focusing on preventing corrosion and enhancing durability [3]

CLEVELAND, May 13, 2024 /PRNewswire/ -- Transtar Holding Company, a leader in automotive aftermarket solutions, is pleased to announce that Axalta Coating Systems (NYSE: AXTA), a prominent global coatings company, has signed a definitive agreement to acquire The CoverFlexx Group. The transaction is anticipated to close in the third quarter, pending regulatory approval and customary closing conditions. Baird served as the exclusive financial advisor to CoverFlexx on this transaction.  The CoverFlexx Group, a ...

For the quarter ended March 2024, Axalta Coating Systems (AXTA) reported revenue of $1.29 billion, up 0.8% over the same period last year. EPS came in at $0.48, compared to $0.35 in the year-ago quarter.The reported revenue represents a surprise of +0.59% over the Zacks Consensus Estimate of $1.29 billion. With the consensus EPS estimate being $0.40, the EPS surprise was +20.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to deter ...