PHILADELPHIA, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Axalta Coating Systems Ltd. (NYSE: AXTA) (“Axalta”), a leading global coatings company, announced its financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights: Net sales increased 4.4% year over year to $1.35 billionNet income increased $52 million year over year to $113 millionAdjusted EBITDA increased $64 million year over year to $291 million with Adjusted EBITDA margin improving 400 basis points year over year to 21.5%Di ...

The upcoming report from Axalta Coating Systems (AXTA) is expected to reveal quarterly earnings of $0.51 per share, indicating an increase of 45.7% compared to the year-ago period. Analysts forecast revenues of $1.34 billion, representing an increase of 3.7% year over year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a company announces its e ...

The market expects Axalta Coating Systems (AXTA) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence 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 ...

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 ...

The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Axalta Coating Systems (AXTA) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.Axalta Coating Systems is one of 241 individual stocks in the Basic Materials sector. Collectively, these companies sit at #16 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the av ...

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 ...