Investors with an interest in Chemical - Specialty stocks have likely encountered both Axalta Coating Systems (AXTA) and CSW Industrials (CSWI) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to 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 Zacks Rank is a proven ...

Axalta Coating Systems (AXTA) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on May 1, 2024, might help the stock move higher if these key numbers are better ...

PHILADELPHIA, April 23, 2024 (GLOBE NEWSWIRE) -- Axalta Coating Systems (NYSE:AXTA), a leading global coatings company, announced today that it has won three 2024 Edison Awards™. Axalta Irus Mix won silver in the Environmental and Industrial Solutions category. Axalta's Voltatex® 7345 A ECO Wire Enamel and its Low Carbon Footprint Sustainable Coating System with Hyperdur® Primer and Chromadyne® Colorcoat won silver and bronze, respectively, in the Coatings and Manufacturing category. This is the sixth conse ...

 PHILADELPHIA, April 15, 2024 (GLOBE NEWSWIRE) -- Axalta Coating Systems (NYSE:AXTA), a leading global coatings company, was recognized by General Motors as a top global supplier of 2023 during its annual Supplier of the Year recognition event last week in Miami. In total, 86 suppliers were recognized with a Supplier of the Year award. "We are proud to be recognized by General Motors again as a 2023 Supplier of the Year," said Hadi Awada, President, Global Mobility Coatings, Axalta. "Through our strong rela ...

Investors looking for stocks in the Chemical - Specialty sector might want to consider either Axalta Coating Systems (AXTA) or CSW Industrials (CSWI) . 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 emphas ...

PHILADELPHIA, March 21, 2024 (GLOBE NEWSWIRE) -- Axalta Coating Systems Ltd. (NYSE:AXTA), a leading global coatings company, today announced that Robert M. McLaughlin has decided that he will retire from Axalta's Board of Directors and will not stand for re-election at Axalta's 2024 Annual General Meeting of Members (the "AGM"). Mr. McLaughlin has been a member of Axalta's Board since 2014 and currently serves as the Chair of the Audit Committee and a member of the Compensation Committee. Mr. McLaughlin wil ...

JHVEPhoto/iStock Editorial via Getty Images Synopsis Axalta Coating Systems (NYSE:AXTA) is a company that manufactures and supplies high-performance coating systems. AXTA’s past financials have shown volatile revenue growth due to the impact of COVID-19, but it has also demonstrated a strong recovery. Due to rising inflation, gross profit margins were under pressure, but it managed to maintain its net income margin. In 2023, revenue continued to report growth. In addition, margins expanded year-over-yea ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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 jurisdiction ...

Axalta Coating Systems Ltd. (AXTA) posted earnings (as reported) of 33 cents per share in fourth-quarter 2023 compared with 20 cents in the year-ago quarter.Barring one-time items, earnings were 43 cents per share in the reported quarter, up 13% year over year. It was in line with the Zacks Consensus Estimate.The company’s revenues rose around 5% year over year to $1,297.3 million in the quarter. The top line beat the Zacks Consensus Estimate of $1,282.5 million.The company benefited from higher price and m ...

Financial Data and Key Metrics Changes - Q4 net sales increased by 5% year-over-year to $1.3 billion, with adjusted EBITDA rising by 21% to $251 million, and adjusted EBITDA margins improved by 250 basis points to 19.3% [5][14][6] - Full year net sales reached $5.2 billion, a 6% increase compared to 2022, with adjusted EBITDA at a record $951 million, up 17% year-over-year [7][19][10] - Adjusted diluted EPS for 2023 was $1.57, a 6% improvement year-over-year, despite higher interest expenses [12][20] Business Line Data and Key Metrics Changes - Mobility Coatings saw a 9% growth in volumes, contributing to a 10.6% increase in full-year volumes, while Performance Coatings experienced volume weakness due to soft construction activity [5][7][8] - Q4 Performance Coatings net sales improved by 4% to $849 million, with Refinish organic net sales showing mid-single digit growth [15][16] - Mobility Coatings adjusted EBITDA improved by 50% year-over-year to $59 million, with adjusted EBITDA margins increasing by 380 basis points to 13.2% [18][19] Market Data and Key Metrics Changes - Mobility Coatings growth was particularly strong in China, with expectations for stable global light vehicle production in 2024 [17][24] - The industrial segment faced challenges, particularly in North America, with expectations for muted demand in early 2024 [16][25] - Refinish market conditions are expected to remain stable, with slight growth anticipated due to new business wins [55][56] Company Strategy and Development Direction - The company is focused on profitable growth initiatives and improving efficiency across the enterprise, with a commitment to restoring margins to historical levels [10][12] - Investments in technology and strategic acquisitions, such as the purchase of André Koch, are aimed at enhancing market position and driving growth [9][10] - The company plans to introduce a three-year strategy in May, outlining further growth and margin improvement targets [26] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the trajectory of core markets and the potential for record earnings in 2024, despite facing pressures from higher labor costs [12][24] - The company anticipates a stable pricing environment in 2024, with expectations for mid-single digit pricing growth in Refinish [29][30] - Management highlighted the importance of maintaining a disciplined cost structure while navigating market uncertainties [15][42] Other Important Information - Free cash flow for 2023 was $447 million, a 174% increase compared to the prior year, contributing to a significantly improved balance sheet [20][21] - The company ended the year with a total liquidity of $1.2 billion and a net leverage ratio of 2.9 times, the best year-end leverage ratio in its history [21][22] Q&A Session Summary Question: Expectations for pricing in Refinish for 2024 - Management expects mid-single digit pricing growth in Refinish for 2024 [28][29] Question: Pricing pressure in the portfolio - Management noted some pricing pressure in the industrial segment in Europe but emphasized overall pricing discipline across the portfolio [30][31] Question: Efficiency improvements and their continuation into 2024 - Management highlighted purchasing initiatives that have improved material performance and indicated a focus on structuring agreements for resilience [33][34] Question: Impact of exiting certain industrial business - Management estimated a low to mid-single digit impact on sales from exiting certain industrial customers [37][38] Question: Variable cost deflation outlook - Management expects mid-single digit deflation in variable costs for 2024, with benefits front-weighted [41][43] Question: Capital allocation strategy - Management indicated that share repurchases and M&A will be part of the capital allocation strategy, given the improved balance sheet [45][46] Question: Visibility into distributor inventory levels - Management noted that distributor inventories are low, indicating potential upside as the market recovers [51][52] Question: Market conditions for auto refinish across regions - Management expects flat to slight growth in auto refinish, driven by new wins and market conditions in North America and Europe [54][55] Question: EV market impact - Management stated that Axalta is EV-agnostic and is experiencing growth in China, particularly in the EV segment [57][58] Question: Contribution from André Koch acquisition - The acquisition contributed approximately $14 million in revenue during Q4 [82]