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 ...

Core Viewpoint - Axalta Coating Systems will release its third-quarter 2024 financial results on October 30, 2024, at 6 a.m. ET, with a conference call scheduled for 8 a.m. ET on the same day to discuss the financial performance [1][3]. Company Information - Axalta Coating Systems is a global leader in the coatings industry, providing innovative and sustainable coatings solutions for various applications, including light vehicles, commercial vehicles, and industrial uses [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].

Core Insights - Axalta Coating Systems (AXTA) and Novozymes A/S (NVZMY) are both attractive options for value investors, currently holding a Zacks Rank of 2 (Buy) indicating a positive earnings outlook [1][3] Valuation Metrics - AXTA has a forward P/E ratio of 17.52, while NVZMY has a significantly higher forward P/E of 39.57 [2] - AXTA's PEG ratio is 0.85, suggesting it is undervalued relative to its expected EPS growth, whereas NVZMY's PEG ratio is 4.06 [2] - AXTA's P/B ratio stands at 4.37, compared to NVZMY's P/B ratio of 16.18, indicating a more favorable valuation for AXTA [2] Value Grades - Based on the analysis of various valuation metrics, AXTA receives a Value grade of B, while NVZMY is assigned a Value grade of F, highlighting AXTA as the superior value option at this time [3]

Core Insights - Axalta Coating Systems Ltd. (AXTA) has shown strong stock performance due to impressive earnings outperformance, upward revisions to earnings guidance, and robust performance across its business segments [1] Earnings Performance - AXTA has consistently surpassed the Zacks Consensus Estimate, achieving positive earnings surprises in each of the last four quarters, with an average surprise of 12.6% [2] - The Zacks Consensus Estimate for AXTA's 2024 earnings is $2.07, indicating a 31.9% increase compared to the previous year, with a forecasted growth of 14% in 2025 [3] Earnings Estimates Revision - In the last two months, the Zacks Consensus Estimate for AXTA's 2024 earnings has been revised upward by 4.5%, while the estimate for 2025 has increased by 4% [4] Stock Performance - Over the past year, Axalta's shares have increased by 28.5%, contrasting with a 10.2% decline in the industry [5] Financial Highlights - In Q2, Axalta reported a 63% year-over-year increase in adjusted earnings, with quarterly sales rising by 4.4% to $1.35 billion. Adjusted EBITDA surged to $291 million from $227 million, achieving an adjusted EBITDA margin of 21.5%, a 400-basis point improvement from the previous year [6] - The Performance Coatings segment saw a 4% increase in net sales, with adjusted EBITDA rising 23% year-over-year to $223 million and a margin of 25%. The Mobility Coatings segment experienced 6% net sales growth and a 47% increase in adjusted EBITDA, achieving a margin of 14.8%, up 440 basis points from the previous year [7] Strategic Initiatives - Axalta has raised its full-year 2024 outlook for adjusted EBITDA, adjusted EPS, and free cash flow, driven by strong Q2 performance and strategic initiatives aimed at enhancing profitability [7] - Recently, AXTA strengthened its Refinish business by acquiring The CoverFlexx Group, which generated $78 million in revenues in 2023 and adds a comprehensive range of automotive refinish and aftermarket coatings to Axalta's portfolio [8]

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Gro ...

For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Axalta Coating Systems (AXTA) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Axalta Coating Systems is one of 236 individual stocks in the Basic Materials sector. Collectively, these companies sit at #15 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average ...

PHILADELPHIA, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Axalta (NYSE: AXTA), a leading global coatings company, today announced the launch of Axalta Nimbus, its global customer experience platform for refinish customers. This technology seamlessly connects customers to all of Axalta’s tools and resources to improve efficiency, enhance productivity, boost performance, and maximize profitability. Axalta Nimbus provides a cohesive, end-to-end experience for customers around the globe. With Axalta Nimbus, customers ha ...

Axalta Coating Systems Ltd.’s (AXTA) shares have gained 10.7% in the past six months. AXTA has also outperformed the industry’s decline of 21.3%.Image Source: Zacks Investment ResearchLet’s look at the factors driving the stock’s price appreciation.What’s Driving Axalta Coating?In the second quarter, Axalta Coating Systems delivered strong results, showcasing a 63% year-over-year rise in adjusted earnings. Quarterly sales went up 4.4%, reaching $1.35 billion. Adjusted EBITDA saw a significant increase, clim ...