Core Viewpoint - Axalta Coating Systems Ltd. reported strong earnings growth in Q4 2024, surpassing expectations, with a notable increase in adjusted EBITDA and cash flow, despite some challenges in specific segments [1][2][5][6]. Financial Performance - Q4 2024 earnings per share (EPS) were 63 cents, up from 33 cents year-over-year, and adjusted EPS was 60 cents, up from 46 cents, exceeding the Zacks Consensus Estimate of 51 cents [1] - Revenues for Q4 2024 rose approximately 1% year-over-year to $1,311 million, beating the Zacks Consensus Estimate of $1,296.5 million, despite a 1% headwind from foreign currency fluctuations [2] - Adjusted EBITDA increased by 10% year-over-year to $275 million, with an adjusted EBITDA margin improvement of 170 basis points to 21% [2] Segment Performance - Performance Coatings unit sales decreased by around 1% year-over-year to $843 million, falling short of the consensus estimate of $857 million due to lower volumes and unfavorable currency impacts [3] - Mobility Coatings unit sales increased by approximately 4% year-over-year to $468 million, driven by strong light vehicle volume performance in China and Latin America, exceeding the consensus estimate of $438 million [4] Full-Year Results - For the full year 2024, Axalta reported earnings of $1.78 per share compared to $1.21 per share in the previous year, with net sales increasing around 2% year-over-year to $5.3 billion [5] Cash Flow and Debt - At the end of 2024, cash and cash equivalents stood at $593 million, a 15% increase year-over-year, while long-term debt decreased by roughly 2% to $3,401 million [6] - The company generated cash flow from operations of $576 million in 2024, slightly up from $575 million in the prior year [6] Outlook - For Q1 2025, Axalta expects adjusted EPS of approximately 54 cents and flat net sales year-over-year, with adjusted EBITDA forecasted at around $265 million [7] - For the full year 2025, adjusted EPS is projected to be in the range of $2.50-$2.60, with adjusted EBITDA expected between $1,150-$1,175 million and net sales forecasted at $5,350-$5,400 million [7] Stock Performance - Axalta's shares have increased by 17.2% over the past year, contrasting with a 16.3% decline in the Zacks Chemicals Specialty industry [8]

Axalta Coating Systems Fourth Quarter and Full Year 2024 Financial Results February 4, 2025 Beginning with the results for the fourth quarter and full year 2024 reported in this release, we have made changes to our presentation of the non-GAAP financial measures of Adjusted EBIT and Adjusted Net Income (which are also leveraged in the calculations of ROIC and Adjusted Diluted EPS, respectively). More detail on these changes can be found in the Current Report on Form 8-K we furnished to the U.S. Securities a ...

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 P ...

Axalta Coating Systems (AXTA) reported $1.31 billion in revenue for the quarter ended December 2024, representing a year-over-year increase of 1.1%. EPS of $0.60 for the same period compares to $0.43 a year ago.The reported revenue represents a surprise of +1.12% over the Zacks Consensus Estimate of $1.3 billion. With the consensus EPS estimate being $0.51, the EPS surprise was +17.65%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to ...

News Release Axalta Coating Systems 1050 Constitution Avenue Philadelphia, PA 19112 USA Investor and Media Contact Colleen Lubic D +1 610-999-9407 Colleen.Lubic@axalta.com Exhibit 99 Axalta Releases Fourth Quarter and Full Year 2024 Results PHILADELPHIA, PA, February 4, 2025 - Axalta Coating Systems Ltd. (NYSE:AXTA) ("Axalta"), a leading global coatings company, announced its financial results for the fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 Highlights Fiscal Year 2024 Highl ...

PHILADELPHIA, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Axalta Coating Systems Ltd. (NYSE:AXTA) (“Axalta”), a leading global coatings company, announced its financial results for the fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 Highlights Record fourth quarter net sales of $1.3 billionNet income increased 85% year over year to $137 million, with net income margins of 10.5%, a year over year improvement of 480 basis pointsRecord fourth quarter Adjusted EBITDA of $275 millionAdjusted EBIT ...

Voltatex® 8537PF improves the reliability and efficiency of electric vehiclesPHILADELPHIA, Jan. 28, 2025 (GLOBE NEWSWIRE) -- Axalta Coating Systems (NYSE: AXTA), a leading global coatings company, today announced that its Voltatex® 8537PF won the 2025 BIG Innovation Award presented by the Business Intelligence Group (BIG). The annual business awards program recognizes organizations, products and people that bring new ideas to life in innovative ways. “Innovation is at the core of what we do and receiving th ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Axalta Coating Systems (AXTA) . This company, which is in the Zacks Chemical - Specialty industry, shows potential for another earnings beat.When looking at the last two reports, this high-performance coating system maker has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 13.73%, ...

Executive Appointment - Tim Bowes has been appointed as President, Global Industrial Coatings at Axalta Coating Systems Ltd, effective January 27, 2025 [1] - Tim Bowes succeeds Shelley Bausch, who is stepping down from her role [1] - Tim Bowes previously served as Axalta's Senior Vice President and Chief Transformation Officer [2] Tim Bowes' Background - Tim Bowes has extensive experience in managing industrial businesses across various industries and regions [2] - Prior to Axalta, Tim Bowes held leadership roles at Meritor, American Axle & Manufacturing, Transtar Industries, ITT Automotive, and Intermet [2] - Tim Bowes has lived and worked in Asia and Europe, and holds an MBA from Wayne State University and a bachelor's degree from Lawrence Technological University [2] Company Leadership's Perspective - Chris Villavarayan, CEO and President of Axalta, highlighted Tim Bowes' significant contributions to the company's transformation over the past two years [3] - Chris Villavarayan expressed confidence in Tim Bowes' ability to lead the global Industrial Coatings business during an important time for the company [3] - The company thanked Shelley Bausch for her contributions and wished her well in her future endeavors [3] About Axalta Coating Systems - Axalta is a global leader in the coatings industry, providing innovative, sustainable coatings solutions for various applications including light vehicles, commercial vehicles, electric motors, and building facades [4] - The company has over 150 years of experience in the coatings industry and serves more than 100,000 customers in over 140 countries [4] - Axalta's coatings are designed to prevent corrosion, increase productivity, and enhance durability [4]

Network of Fellows will help identify new technologies and innovations for the continued growth of AxaltaPHILADELPHIA, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Axalta Coating Systems Ltd. (NYSE: AXTA), a leading global coatings company, today unveiled the visionary, transformative Axalta Fellows Forum. This elite global network of distinguished Fellows will spearhead the identification and development of cutting-edge technologies and innovations, driving Axalta's continued growth and market leadership. The Fellow ...