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

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, 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, 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 Villavarayan, Axalta's Chief Executive Officer and President. "As outlined at our recent Strategy Day, investing in growth in our Refinish business is a key priority of Axalta, and this

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. By partnering with Solera, Axalta is the first refinish paint manufactu