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 ...

PHILADELPHIA, May 15, 2024 (GLOBE NEWSWIRE) -- Axalta Coating Systems (NYSE:AXTA) ("Axalta"), a leading global coatings company, today will present its three-year plan (2026 A-Plan) during a Strategy Day that is being held at the company's Global Innovation Center. The event and presentation will be available through a live webcast and replay at ir.axalta.com. During the event, Axalta will detail its plans to create value by executing the 2026 A-Plan, which focuses on five growth tenets: cultural transforma ...

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 ...

Axalta Coating Systems Ltd. (NYSE:AXTA) Q1 2024 Earnings Conference Call May 1, 2024 8:00 AM ET Company Participants Chris Evans - Vice President of Investor Relations Chris Villavarayan - President & Chief Executive Officer Carl Anderson - Chief Financial Officer Conference Call Participants David Huang - Deutsche Bank Harris Fein - Wolfe Capital Aleksey Yefremov - KeyBanc Capital Markets Matthew Krueger - Baird Mike Harrison - Seaport Research Rock Hoffman - Bank of America Michael Sison - Wells Fargo Joh ...

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 March 31, 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 jurisdi ...

Axalta Coating Systems (AXTA) came out with quarterly earnings of $0.48 per share, beating the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20%. A quarter ago, it was expected that this high-performance coating system maker would post earnings of $0.43 per share when it actually produced earnings of $0.43, delivering no surprise.Over the last fo ...

Investor Contact Christopher Evans D +1 484 724 4099 Christopher.Evans@axalta.com Media Contact Robert Donohoe D +1 267-756-3803 Robert.Donohoe@axalta.com Immediate Release Axalta Releases First Quarter 2024 Results PHILADELPHIA, PA, May 1, 2024 - Axalta Coating Systems Ltd. (NYSE:AXTA) ("Axalta"), a leading global coatings company, announced its financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights: ▪ Net sales increased 0.8% year-over-year to $1.3 billion ▪ Announced ...