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Investors looking for stocks in the Chemical - Specialty sector might want to consider either Axalta Coating Systems (AXTA) or Novozymes A/S (NVZMY) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank emphasi ...

Financial Data and Key Metrics - Net sales increased to $1.32 billion, marking the 15th consecutive quarter of year-over-year growth [9] - Adjusted EBITDA increased by $30 million year-over-year to a record $291 million, with a margin of 22%, up 220 basis points [10][11] - Full-year 2024 adjusted EBITDA is expected to exceed $1.1 billion, with adjusted diluted EPS and free cash flow also revised upward [18] - Gross margins improved to 35%, up 270 basis points, driven by lower variable costs and strong cost management [28] - Adjusted diluted earnings per share increased 31% to $0.59 [32] Business Line Performance - Refinish business net sales grew 5% year-over-year, with 15 consecutive quarters of growth [19] - Performance coatings net sales increased 2% to $877 million, driven by recent acquisitions [33] - Industrial net sales declined 1% to $323 million, in line with industry trends [34] - Mobility coatings net sales decreased 2% to $443 million, with light vehicle sales flat despite a 5% decline in build rates [35] - Commercial vehicle net sales declined 8%, consistent with industry forecasts [37] Market Performance - China and LATAM strategies diversified the customer base, with China outperforming the market by 20% [22] - LATAM growth is expected to contribute over $50 million in revenue by 2026 [52] - North America and Europe showed mixed performance, with North America softening and Europe remaining stable [80] Strategic Direction and Industry Competition - The company is focused on the 2026 A Plan, aiming for growth and margin expansion [12][25] - Recent innovations include Axalta Nimbus and Axalta IRUS Scan, enhancing efficiency and productivity in body shops [14] - The company is expanding its position in the premium and economy segments of the refinish market [20][21] - New business wins in light vehicle and commercial vehicle segments are expected to drive growth in 2025 [13][24] Management Commentary on Operating Environment and Future Outlook - Management expects macroeconomic trends to remain soft in the first half of 2025 but believes the company will continue to outperform in refinish and light vehicle [45] - The transformation initiative is expected to deliver $30-$40 million in incremental benefits in 2025 [46] - Interest rate reductions could lower interest expenses, as nearly 50% of the company's debt is floating rate [46] Other Important Information - The company ended the quarter with $1.2 billion in total liquidity, including $567 million in cash [39] - Net leverage was 2.7x, with a target of 2.5x by year-end [39] - $50 million of shares were repurchased in Q3, bringing the total repurchases under the $700 million program to $100 million [40] - Capital expenditures for Q3 were $33 million, with year-to-date CapEx at $78 million [41] Q&A Session Summary Question: Margin outlook for 2025 and beyond [48] - The company has already achieved its 2026 A Plan margin target of 21% and is focusing on pivoting towards growth [49][50] - Productivity initiatives and supply chain improvements are expected to further enhance margins [51] Question: Growth contribution from new auto OEM wins [52] - Growth is expected primarily in China and LATAM, with LATAM contributing over $50 million by 2026 [52] Question: Volume trends and body shop activity [53][55] - Volumes were down due to distributor consolidation and destocking, but growth is expected to offset softness in Q4 [53][54] - Body shop activity is stable to softening, with regional variations [80] Question: IRUS rollout and refinish market strategy [57][58] - The IRUS rollout is progressing well, with plans to triple the number of units deployed in 2025 [58] - The company is focusing on both premium and economy segments, with recent acquisitions strengthening the economy segment [82] Question: Price mix and raw material trends [63][64] - Price mix was flat in performance coatings, with refinish pricing holding up well [64] - Raw material costs are expected to flatten in Q4 2024, with normal inflation of 2%-3% expected in 2025 [65] Question: Share gains and competitive dynamics [69][70] - Share gains in LATAM and China are driving growth, with LATAM contributing $50-$60 million by 2025 [70] - The company is well-positioned to continue winning new business in China due to strong execution and capacity expansion [71] Question: 2026 A Plan acceleration and capital deployment [75][76] - The company is ahead of schedule on most A Plan metrics and is considering accelerating the plan [75] - Capital deployment will be balanced between M&A, share repurchases, and growth investments [77][78] Question: Interest expense and tax rate outlook [84][85] - Interest expense is expected to be below $200 million in 2025, with potential for further reductions [84] - The company is working on initiatives to lower the tax rate, which could benefit EPS growth [85] Question: Q4 guidance and margin upside in mobility [89][92] - Q4 guidance reflects seasonal trends and macroeconomic uncertainties, but margins are expected to remain stable [90] - Mobility margins have upside potential, particularly with new business wins and expected commercial vehicle pre-buy activity in 2025-2026 [92][94] Question: Impact of Volkswagen's curtailment announcements [97] - The company will continue to supply Volkswagen at their demand levels, with regional dynamics and new customer wins offsetting any volume changes [97][98]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 001-36733 AXALTA COATING SYSTEMS LTD. (Exact name of registrant as specified in its charter) Bermuda 2851 98-1073028 (State or other jur ...

For the quarter ended September 2024, Axalta Coating Systems (AXTA) reported revenue of $1.32 billion, up 0.8% over the same period last year. EPS came in at $0.59, compared to $0.45 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.31 billion, representing a surprise of +0.45%. The company delivered an EPS surprise of +15.69%, with the consensus EPS estimate being $0.51.While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...

Axalta Coating Systems (AXTA) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.51 per share. This compares to earnings of $0.45 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 15.69%. A quarter ago, it was expected that this highperformance coating system maker would post earnings of $0.51 per share when it actually produced earnings of $0.57, delivering a surprise of 11.76%. Ove ...

Exhibit 99 News Release Axalta Coating Systems 1050 Constitution Avenue Philadelphia, PA 19112 USA Immediate Release Third Quarter 2024 Consolidated Financial Results Investor & Media Contact Colleen Lubic D +1 610-999-9407 Colleen.Lubic@axalta.com Axalta Releases Third Quarter 2024 Results PHILADELPHIA, PA, October 30, 2024 - Axalta Coating Systems Ltd. (NYSE:AXTA) ("Axalta"), a leading global coatings company, announced its financial results for the third quarter ended September 30, 2024. Third Quarter 20 ...

PHILADELPHIA, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Axalta Coating Systems Ltd. (NYSE:AXTA) ("Axalta"), a leading global coatings company, announced its financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights: Record third quarter net sales of $1.32 billion Net income increased 40% year over year to $102 million; net income margin of 7.7% Record third quarter Adjusted EBITDA of $291 million Adjusted EBITDA margin improved 220 basis points year over year to 22.1% Diluted E ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Axalta Coating Systems (AXTA) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released o ...

PHILADELPHIA, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Axalta Coating Systems (NYSE: AXTA), a leading global coatings company, will release its third-quarter 2024 financial results at 6 a.m. ET on Wednesday, October 30. The release and supporting materials will be posted to Axalta’s Investor Relations site. In addition, the company will host a conference call at 8 a.m. ET on October 30. Chris Villavarayan, Chief Executive Officer and President, and Carl Anderson, Senior Vice President and Chief Financial Officer, ...