4 - Axalta Coating Systems Ltd. (0001616862) (Issuer)

4 - Axalta Coating Systems Ltd. (0001616862) (Issuer)

4 - Axalta Coating Systems Ltd. (0001616862) (Issuer)

4 - Axalta Coating Systems Ltd. (0001616862) (Issuer)

4 - Axalta Coating Systems Ltd. (0001616862) (Issuer)

4 - Axalta Coating Systems Ltd. (0001616862) (Issuer)

4 - Axalta Coating Systems Ltd. (0001616862) (Issuer)

4 - Axalta Coating Systems Ltd. (0001616862) (Issuer)

4 - Axalta Coating Systems Ltd. (0001616862) (Issuer)

4 - Axalta Coating Systems Ltd. (0001616862) (Issuer)

UBS analyst Joshua Spector maintains Axalta Coating Sys (NYSE:AXTA) with a Neutral and lowers the price target from $39 to $38.

During the last three months, 9 analysts shared their evaluations of Axalta Coating Sys (NYSE:AXTA), revealing diverse outlooks from bullish to bearish. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 6 0 0 0 Last 30D 1 0 0 0 0 1M Ago 1 6 0 0 0 2M Ago 1 0 0 0 0 3M Ago 0 0 0 0 0 In the assessment of 12-month price targets, analysts unveil insights for Axalta Coating Sys, presenting an average target of $40.67, a high estimate of $45.00, and a low estimate of $38.00. This upward trend

Mizuho analyst John Roberts maintains Axalta Coating Sys (NYSE:AXTA) with a Buy and raises the price target from $38 to $41.

Solera and Axalta partner together to accurately calculate CO2 emissions per vehicle repair.Solera, the global leader in vehicle lifecycle management, today announced a strategic partnership with Axalta (NYSE:AXTA), a leading global supplier of liquid and powder coatings. Through this strategic partnership, Axalta's conventional and Fast Cure Low Energy (FCLE) refinish paint systems will be integrated into Solera's Sustainable Estimatics platform, enabling Axalta Customers to analyze their CO2 emissions per repair, considering repair methods (repair versus replace), paint application process, and drying conditions.

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 transformation, operational excellence, optimized portfolio strategy, sustainable innovation, and effective capital allocation. The plan aims to accelerate performance as the company targets a number of milestones for 2026, including $500 millio

Axalta Coating Systems (NYSE:AXTA), a leading global coatings company, today announced that it has entered into a definitive agreement to acquire The CoverFlexx Group from Transtar Holding Company for initial cash consideration of $285 million, plus an additional $10 million earnout based on the business's 2024 performance. Closing is expected to occur in the third quarter and is subject to regulatory approval and other customary closing conditions.

RBC Capital analyst Arun Viswanathan maintains Axalta Coating Sys (NYSE:AXTA) with a Outperform and raises the price target from $39 to $42.

Keybanc analyst Aleksey Yefremov maintains Axalta Coating Sys (NYSE:AXTA) with a Overweight and raises the price target from $38 to $40.

JP Morgan analyst Jeffrey Zekauskas maintains Axalta Coating Sys (NYSE:AXTA) with a Overweight and raises the price target from $38 to $40.

Barclays analyst Michael Leithead maintains Axalta Coating Sys (NYSE:AXTA) with a Overweight and raises the price target from $38 to $40.

PHILADELPHIA, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Axalta (NYSE:AXTA), a leading global coatings company, has announced that Chris Villavarayan, CEO and President, and Rakesh Sachdev, chair of the board, will commemorate 10 years as a publicly traded company by ringing the opening bell at the New York Stock Exchange (NYSE) on Nov. 18, 2024. Axalta's senior leadership team and employees from the Philadelphia area will also participate in this highly respected and time-honored tradition. "Ringing the bell at the NYSE is a fitting celebration for Axalta at this point in our history," said Mr. Villavarayan. "The ONE Axalta team has changed the industry with purpose-driven innovation developed fo

PHILADELPHIA, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Axalta (NYSE:AXTA), a leading global coatings company, has announced its global headquarters at the Philadelphia Navy Yard, marked by a ceremonial ribbon-cutting and an employee appreciation event. This strategic relocation from Delaware County to the Navy Yard integrates the headquarters with Axalta's Global Innovation Center, unifying operations under the ONE Axalta initiative to enhance collaboration and streamline decision-making. "We are thrilled to celebrate the Axalta headquarters and Global Innovation Center," said Chris Villavarayan, CEO and President of Axalta. "As ONE Axalta, our priority is to create a collaborative environment

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 billionNet income increased 40% year over year to $102 million; net income margin of 7.7%Record third quarter Adjusted EBITDA of $291 millionAdjusted EBITDA margin improved 220 basis points year over year to 22.1%Diluted EPS increased 39% year over year to $0.46 and Adjusted Diluted EPS increased 31% year over year to $0.59Repurchased $50 million of common shares Third Quarter 2024 Consolidated Financial R

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, will review the company's financial performance for the period. A live webcast of the conference call will be available here. A replay of the webcast will be posted shortly after the cal

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 have everything they need to power the refinish process in a single platform, including color retrieval, product ordering, inventory management, training resources, and support. By working

PHILADELPHIA, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Axalta (NYSE:AXTA), a leading global coatings company, today announced the launch of Axalta Irus Scan, its latest spectrophotometer for refinish customers. This new technology scientifically measures paint color on a vehicle to provide accurate color matches in waterborne and solventborne basecoat technologies. Axalta Irus Scan now joins the simple, three-step Axalta Irus digital color management process as the first step of: Scan – Match – Mix. Axalta Irus Scan leverages a patented inverse angle to detect hue shifting effect pigments which results in a more precise reading for popular achromatic effect colors. Additionally, it is the first

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%Diluted EPS increased 89% year over year to $0.51 and Adjusted Diluted EPS increased 63% year over year to $0.57Net leverage ratio of 2.6xRepurchased $50 million of common sharesIncreased

PHILADELPHIA, July 16, 2024 (GLOBE NEWSWIRE) -- Axalta (NYSE:AXTA), a leading global coatings company, today announced a partnership with CESVIMAP R&D Centre, a leader in research and development for the collision repair industry. Through this partnership, Axalta's refinish customers will have access to CESVIMAP's Move2Green sustainability program which offers an online, self-assessment questionnaire to evaluate the current environmental impact of bodyshops. Once an auditor analyzes the data, Axalta customers will receive a detailed roadmap with actionable steps to improve their sustainability initiatives as well as the Move2Green certification to promote their commitment to reducing their

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 for Ecovyst and was Director of Investor Relations and Corporate Strategy for Chemours. He also covered the U.S. chemical industry for more than four years as a sell-side equity analyst

PHILADELPHIA, July 05, 2024 (GLOBE NEWSWIRE) -- Axalta Coating Systems (NYSE:AXTA), a leading global coatings company, will release its second-quarter 2024 financial results at 6 a.m. ET on Thursday, August 1. 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 August 1. Chris Villavarayan, Chief Executive Officer and President, and Carl Anderson, Senior Vice President and Chief Financial Officer, will review the company's financial performance for the period. A live webcast of the conference call will be available here. A replay of the webcast will be posted shortly after the call an

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 billionNet income increased 40% year over year to $102 million; net income margin of 7.7%Record third quarter Adjusted EBITDA of $291 millionAdjusted EBITDA margin improved 220 basis points year over year to 22.1%Diluted EPS increased 39% year over year to $0.46 and Adjusted Diluted EPS increased 31% year over year to $0.59Repurchased $50 million of common shares Third Quarter 2024 Consolidated Financial R

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, will review the company's financial performance for the period. A live webcast of the conference call will be available here. A replay of the webcast will be posted shortly after the cal

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%Diluted EPS increased 89% year over year to $0.51 and Adjusted Diluted EPS increased 63% year over year to $0.57Net leverage ratio of 2.6xRepurchased $50 million of common sharesIncreased

PHILADELPHIA, July 05, 2024 (GLOBE NEWSWIRE) -- Axalta Coating Systems (NYSE:AXTA), a leading global coatings company, will release its second-quarter 2024 financial results at 6 a.m. ET on Thursday, August 1. 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 August 1. Chris Villavarayan, Chief Executive Officer and President, and Carl Anderson, Senior Vice President and Chief Financial Officer, will review the company's financial performance for the period. A live webcast of the conference call will be available here. A replay of the webcast will be posted shortly after the call an

PHILADELPHIA, May 01, 2024 (GLOBE NEWSWIRE) -- 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 billionAnnounced 2024 Transformation Initiative with an estimated annual $75 million run-rate savings expected in 2026Net income declined $22 million year-over-year to $39 million primarily due to $55 million of restructuring chargesAdjusted EBITDA increased $46 million year-over-year to $259 million with Adjusted EBITDA margin improving 340 basis points year-over-year to 20.0%Diluted EPS declined by $0.

PHILADELPHIA, April 02, 2024 (GLOBE NEWSWIRE) -- Axalta Coating Systems (NYSE:AXTA), a leading global coatings company, will release its first-quarter 2024 financial results at 6 a.m. ET on Wednesday, May 1. 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 May 1. Chris Villavarayan, Chief Executive Officer and President, and Carl Anderson, Senior Vice President and Chief Financial Officer, will review the company's financial performance for the period. A live webcast of the conference call will be available here. A replay of the webcast will be posted shortly after the call and

PHILADELPHIA, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Axalta Coating Systems Ltd. (NYSE:AXTA) ("Axalta"), a leading global coatings company, announced its financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Highlights Net sales increased 4.9% year-over-year to $1.3 billionNet income increased $30 million year-over-year to $74 million and Adjusted EBITDA increased $43 million year-over-year to $251 millionAdjusted EBITDA margin improved 250 basis points year-over-yearCash provided by operating activities of $286 million and Free Cash Flow of $254 millionPaid down $55 million of principal on term loan and refinanced 2025 senior notes extending

GLEN MILLS, Pa., Jan. 09, 2024 (GLOBE NEWSWIRE) -- Axalta Coating Systems (NYSE:AXTA), a leading global coatings company, will release its fourth-quarter and full-year 2023 financial results at 6 a.m. ET on Thursday, February 8. 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 February 8. Chris Villavarayan, Chief Executive Officer and President, and Carl Anderson, Senior Vice President and Chief Financial Officer, will review the company's financial performance for the periods. A live webcast of the conference call will be available here. A replay of the webcast will be posted sho

GLEN MILLS, Pa., Nov. 01, 2023 (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, 2023. Third Quarter 2023 Highlights: Net sales increased 5.7% year-over-year to $1.3 billionIncome from operations increased $40 million year-over-year to $163 million and Adjusted EBIT increased $40 million year-over-year to $188 millionOperating margins increased 250 bps year-over-year and Adjusted EBIT margin improved 240 bps year-over-yearCash provided by operating activities of $210 million and Free Cash Flow of $182 millionRepurchased $50 million of common shares; repriced

GLEN MILLS, Pa., Oct. 05, 2023 (GLOBE NEWSWIRE) -- Axalta Coating Systems (NYSE:AXTA), a leading global coatings company, will release its third-quarter 2023 financial results at 6 a.m. ET on Wednesday, November 1. The release and supporting materials will be posted to the Investor Relations portion of axalta.com. In addition, the company will host a conference call at 8 a.m. ET on November 1. Chris Villavarayan, Chief Executive Officer and President, and Carl Anderson, Senior Vice President and Chief Financial Officer, will review the company's financial performance for the period. A live webcast of the conference call will be available here. A replay of the webcast will be posted shortl

Evercore ISI initiated coverage of Axalta Coating Systems with a rating of Outperform and set a new price target of $47.00

Wolfe Research initiated coverage of Axalta Coating Systems with a rating of Peer Perform

UBS downgraded Axalta Coating Systems from Buy to Neutral and set a new price target of $36.00 from $35.00 previously

Citigroup initiated coverage of Axalta Coating Systems with a rating of Buy and set a new price target of $37.00

RBC Capital Mkts upgraded Axalta Coating Systems from Sector Perform to Outperform and set a new price target of $36.00 from $30.00 previously

Citigroup upgraded Axalta Coating Systems from Neutral to Buy and set a new price target of $35.19 from $30.29 previously

Deutsche Bank upgraded Axalta Coating Systems from Hold to Buy and set a new price target of $40.00 from $25.00 previously

Exane BNP Paribas downgraded Axalta Coating Systems from Outperform to Neutral and set a new price target of $27.00

Credit Suisse initiated coverage of Axalta Coating Systems with a rating of Underperform and set a new price target of $20.00

Goldman initiated coverage of Axalta Coating Systems with a rating of Buy and set a new price target of $29.00

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 for Ecovyst and was Director of Investor Relations and Corporate Strategy for Chemours. He also covered the U.S. chemical industry for more than four years as a sell-side equity analyst

GLEN MILLS, Pa., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Axalta Coating Systems Ltd. (NYSE:AXTA), a leading global coatings company, today announced that Mary S. Zappone, current Chief Executive Officer of Sundyne LLC, a leader in the design and manufacture of mission critical pumps and compressors, has been appointed to Axalta's Board of Directors as an independent director, effective as of October 25, 2023. She will serve on the Audit and Environment, Health, Safety and Sustainability Committees. Axalta also announced that Steven M. Chapman has decided that he will not stand for re-election at Axalta's 2024 Annual General Meeting of Members. "We are pleased to welcome Mary to our Board of Dir

GLEN MILLS, Pa., Sept. 25, 2023 (GLOBE NEWSWIRE) -- Axalta Coating Systems Ltd. (NYSE:AXTA) ("Axalta" or the "Company"), a leading global coatings company, today announced that Brian Berube has decided to retire as Senior Vice President, General Counsel & Corporate Secretary at the end of this year. Alex Tablin-Wolf, who currently serves as Vice President and Associate General Counsel, has been appointed his successor effective January 1, 2024. Mr. Tablin-Wolf will become Senior Vice President, General Counsel and Corporate Secretary at that time, reporting directly to Axalta CEO and President, Chris Villavarayan. "On behalf of our Board and the entire organization, I want to thank Brian

GLEN MILLS, Pa., July 31, 2023 (GLOBE NEWSWIRE) -- Axalta Coating Systems Ltd. (NYSE:AXTA), a leading global coatings company, today announced that Dr. Kevin Stein, President and Chief Executive Officer of TransDigm Group Incorporated, has been appointed to Axalta's Board of Directors as an independent director, effective September 1, 2023. Stein will serve on Axalta's Environment, Health, Safety, and Sustainability and Nominating and Corporate Governance Committees. "We are extremely pleased to welcome Kevin to our Board of Directors as he is a dynamic executive with more than 30 years of progressive leadership experience," said Rakesh Sachdev, Axalta's Board Chair. "He is a season

GATX Corporation (NYSE:GATX) today announced the election of Shelley J. Bausch to its board of directors. Ms. Bausch will also serve as a member of the board's Audit and Governance Committees. With the appointment of Ms. Bausch, the GATX board will now consist of nine members, including eight independent directors. "We are pleased to welcome Shelley to GATX's board of directors," said Robert C. Lyons, president and chief executive officer of GATX. "Shelley has extensive experience and success leading international businesses across industries. Her insights will be crucial to GATX as we continue executing our global growth strategy." "Shelley is an excellent addition to our group of inde

Sean Lannon brings more than 20 years of experience in finance, chemicals and global manufacturing to HVACR industry leader Copeland, a global provider of sustainable climate solutions, has announced that Sean Lannon will join the company in August as the Chief Financial Officer (CFO) for the organization. In May, Blackstone, the world's largest alternative asset manager, acquired a majority stake in Copeland, formerly Emerson Climate Technologies, marking a significant milestone in the HVAC and refrigeration (HVACR) industry leader's journey to advance the next generation of climate technologies. This press release features multimedia. View the full release here: https://www.businesswir

GLEN MILLS, Pa., July 19, 2023 (GLOBE NEWSWIRE) -- Axalta Coating Systems Ltd. (NYSE:AXTA) ("Axalta" or the "Company"), a leading global coatings company, today announced that Carl Anderson has been appointed Senior Vice President and Chief Financial Officer ("CFO"), effective August 14, 2023. Mr. Anderson will succeed Sean Lannon, who will be leaving the Company to pursue other opportunities. Mr. Anderson is a seasoned financial executive with decades of corporate strategy and financial leadership experience in the global industrial and automotive sectors. He joins Axalta from XPO, Inc., one of North America's largest freight transportation providers, where he has served as CFO since Nov

GLEN MILLS, Pa., Nov. 16, 2022 (GLOBE NEWSWIRE) -- Axalta Coating Systems Ltd. (NYSE:AXTA), a leading global coatings company, today announced the appointment of Chris Villavarayan as Chief Executive Officer and President and a member of the company's Board of Directors, effective January 1, 2023. At that time, Rakesh Sachdev, who has served as interim CEO and President, will succeed Bill Cook as non-executive Board Chair. Mr. Cook will continue to serve as an independent director and will become Chair of the Board's Compensation Committee, while also continuing to serve on the Audit Committee. Mr. Villavarayan is a proven global executive with more than two decades of diverse ope

GLEN MILLS, Pa., Aug. 29, 2022 (GLOBE NEWSWIRE) -- Axalta Coating Systems Ltd. (NYSE:AXTA), a leading global coatings company, today announced that Jan Bertsch, automotive industry veteran and former Senior Vice President and Chief Financial Officer for Owens-Illinois Inc., now O-I Glass, Inc., has been appointed to the company's Board of Directors as an independent director, effective September 13, 2022. She will serve on the Axalta Audit Committee. The Company also announced that Elizabeth Lempres is stepping down as a member of the Board, effective September 15, 2022. "We are pleased to welcome Jan to our Board of Directors and look forward to benefitting from her tremendous expertise

PHILADELPHIA, June 18, 2021 /PRNewswire/ -- Axalta Coating Systems Ltd. (NYSE:AXTA), a leading global supplier of liquid and powder coatings, today announced that Jun Liao is joining the Company as Regional President, Asia-Pacific effective July 15. Liao will report directly to CEO Robert Bryant and will manage all of Axalta's business operations in the Asia-Pacific region and drive the Company's growth strategy in the region. "Asia Pacific represents one of the largest and most dynamic growth markets for Axalta, with significant opportunities across all our lines of business,