Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It operates through two segments, Performance Coatings and Transportation Coatings. The company offers water and solvent borne products and systems to repair damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops. It also provides functional and decorative liquid and powder coatings used in various industrial applications, including architectural cladding and fittings, automotive coatings, general industrial, job coaters, electrical insulation coatings, HVAC, appliances, industrial wood, coil, rebar, and oil and gas pipelines; and wood coatings for building product, cabinet, flooring, and furniture markets under the Voltatex, AquaEC, Durapon, Hydropon, UNRIVALED, Tufcote, and Ceranamel for liquid coatings; and Alesta, Nap-Gard, Abcite, and Plascoat brands for powder coatings. In addition, the company develops and supplies electrocoat, primer, basecoat, and clearcoat products for OEMs of light and commercial vehicles; and various coatings systems for various commercial applications, including HDT, bus, and rail under the Imron, Imron Elite, Centari, Rival, Corlar epoxy undercoats, and AquaEC brands; and sells and ships its products to light vehicle OEM customers. It also sells its product under the Audurra, Challenger, Chemophan, ColorNet, Cromax, Cromax Mosaic, Durapon 70, Duxone, Harmonized Coating Technologies, Imron ExcelPro, Lutophen, Nason, Spies Hecker, Standox, Stollaquid, Syntopal, Syrox, and Vermeera brand names. The company was formerly known as Axalta Coating Systems Bermuda Co., Ltd. and changed its name to Axalta Coating Systems Ltd. in August 2014. Axalta Coating Systems Ltd. was founded in 1866 and is headquartered in Philadelphia, Pennsylvania.
IPO Year: 2014
Exchange: NYSE
Website: axalta.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/8/2025 | $32.00 | Overweight → Neutral | Analyst |
| 4/10/2025 | $38.00 | Neutral → Outperform | Exane BNP Paribas |
| 4/7/2025 | $40.00 | Neutral → Buy | UBS |
| 1/17/2025 | $41.00 | Peer Perform → Outperform | Wolfe Research |
| 12/18/2024 | $45.00 → $41.00 | Buy → Neutral | Citigroup |
| 12/17/2024 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 11/13/2024 | $47.00 | Outperform | Evercore ISI |
| 3/1/2024 | Peer Perform | Wolfe Research | |
| 1/8/2024 | $35.00 → $36.00 | Buy → Neutral | UBS |
| 6/14/2023 | $37.00 | Buy | Citigroup |
PHILADELPHIA, May 20, 2025 (GLOBE NEWSWIRE) -- Axalta Coating Systems (AXTA), a leading global coatings company, announced today that Dr. Lei Qiao, Vice President of Technology, Mobility, has been named as one of the 100 Leading Women in the North American Auto Industry by Automotive News. The award recognizes exceptional female leaders in the automotive field who make major decisions with significant impact at their companies. Dr. Qiao currently leads the Mobility technology team and is based at Axalta's Global Innovation Center in Philadelphia – one of the largest coatings research and development facilities in the region. She has global responsibility for all technology growth initiati
PHILADELPHIA, May 07, 2025 (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, 2025. First Quarter 2025 Highlights: First quarter net sales of $1.26 billionNet income increased 154% year over year to $99 million; net income margin of 7.8%Record first quarter Adjusted EBITDA of $270 million, an increase of 4% year over yearAdjusted EBITDA margin improved 140 basis points year over year to 21.4%Diluted EPS increased 150% to $0.45 and Adjusted Diluted EPS increased 16% to $0.59, first quarter recordsWon two Edison Awards™ and a BIG Innovation Award for technology adva
PHILADELPHIA, April 16, 2025 (GLOBE NEWSWIRE) -- Axalta Coating Systems (AXTA), a leading global coatings company, announced today that the digital paint technology Axalta NextJet™ was named a 2025 Automotive News PACE Pilot Innovation to Watch. The recognition honors pre-commercial innovations in the automotive and future mobility space. Axalta NextJet™ is a next-generation, sustainable digital paint technology for the automotive industry. This advancement allows for precise paint placement and enables design flexibility for tutone and graphics on vehicles. Axalta NextJet™ also eliminates masking and can reduce labor, energy and waste while increasing productivity and efficiency rates. T
PHILADELPHIA, April 09, 2025 (GLOBE NEWSWIRE) -- Axalta Coating Systems (NYSE:AXTA), a leading global coatings company, will release its first quarter 2025 financial results at 6 a.m. ET on Wednesday, May 7. 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 7. 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 wil
PHILADELPHIA, April 07, 2025 (GLOBE NEWSWIRE) -- Axalta Coating Systems (AXTA), a leading global coatings company, announced that it has won two 2025 Edison Awards™. Axalta Irus Scan™ won Silver in the Automotive Materials category and Axalta's MyColor won Bronze in the Automotive Materials category. This is the seventh consecutive year that Axalta has earned coveted Edison Awards which honor market-leading innovations of new products and services. "Innovation is core to what we do at Axalta, and we continuously invest to help our customers solve challenges across surface aesthetics, performance and productivity," said Dr. Robert Roop, Chief Technology Officer. "We are incredibly proud t
Expanded executive team to support operational excellence and commercialization of the CellFX nanosecond PFA Platform Pulse Biosciences, Inc. (NASDAQ:PLSE) (the "Company" or "Pulse Biosciences"), a company leveraging its novel and proprietary Nanosecond Pulsed Field Ablation™ (nanosecond PFA or nsPFA™) technology, today announced the appointment of Jon Skinner as Chief Financial Officer, effective February 3, 2025. "I am excited to announce Jon as our next CFO, further building upon our momentum at Pulse Biosciences. His experience as a financial leader at both growth stage and scaled public diversified medtech companies will be extremely valuable in our efforts to advance our nanosecon
PHILADELPHIA, Feb. 04, 2025 (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, 2024. Fourth Quarter 2024 Highlights Record fourth quarter net sales of $1.3 billionNet income increased 85% year over year to $137 million, with net income margins of 10.5%, a year over year improvement of 480 basis pointsRecord fourth quarter Adjusted EBITDA of $275 millionAdjusted EBITDA margin improved 170 basis points year over yearDiluted EPS increased 91% to $0.63 and Adjusted Diluted EPS increased 30% to $0.60 Fiscal Year 2024 Highlights Record full year net
PHILADELPHIA, Jan. 28, 2025 (GLOBE NEWSWIRE) -- Axalta Coating Systems (NYSE:AXTA), a leading global coatings company, today announced that its Voltatex® 8537PF won the 2025 BIG Innovation Award presented by the Business Intelligence Group (BIG). The annual business awards program recognizes organizations, products and people that bring new ideas to life in innovative ways. "Innovation is at the core of what we do and receiving this BIG Innovation Award yet again is a testament to this." said Robert K. Roop, Senior Vice President and Chief Technology Officer at Axalta. "Our Voltatex® 8537PF improves the reliability and efficiency of electric vehicles by addressing key requirements that ha
PHILADELPHIA, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Axalta Coating Systems Ltd. (NYSE:AXTA) ("Axalta" or the "Company"), a leading global coatings company, today announced that Tim Bowes has been appointed President, Global Industrial Coatings, effective January 27, 2025. Mr. Bowes will succeed Shelley Bausch who will be stepping down from her role. Most recently, Mr. Bowes served as Axalta's Senior Vice President and Chief Transformation Officer. Prior to joining Axalta, he served as Senior Vice President and President of Electrification, Industrial, Aftermarket, Purchasing & Supply Chain for Meritor. Mr. Bowes has also served as Senior Vice President and President of the Casting business un
PHILADELPHIA, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Axalta Coating Systems (NYSE:AXTA), a leading global coatings company, and Dürr Systems AG, a leading mechanical and plant engineering firm, have entered into a partnership to provide a digital paint solution, combining Axalta's NextJet™ technology with Dürr's robotics integration. Digital paint, also referred to as overspray-free application, is an advanced paint application that allows for precise paint placement. Under the terms of the agreement, Dürr will serve as the robotics integrator for Axalta NextJet™ for light vehicle Original Equipment Manufacturers (OEM). "The maskless application of paint for tutone and graphics takes collab
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Analyst downgraded Axalta Coating Systems from Overweight to Neutral and set a new price target of $32.00
Exane BNP Paribas upgraded Axalta Coating Systems from Neutral to Outperform and set a new price target of $38.00
UBS upgraded Axalta Coating Systems from Neutral to Buy and set a new price target of $40.00
Wolfe Research upgraded Axalta Coating Systems from Peer Perform to Outperform and set a new price target of $41.00
Citigroup downgraded Axalta Coating Systems from Buy to Neutral and set a new price target of $41.00 from $45.00 previously
KeyBanc Capital Markets downgraded Axalta Coating Systems from Overweight to Sector Weight
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
PHILADELPHIA, May 07, 2025 (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, 2025. First Quarter 2025 Highlights: First quarter net sales of $1.26 billionNet income increased 154% year over year to $99 million; net income margin of 7.8%Record first quarter Adjusted EBITDA of $270 million, an increase of 4% year over yearAdjusted EBITDA margin improved 140 basis points year over year to 21.4%Diluted EPS increased 150% to $0.45 and Adjusted Diluted EPS increased 16% to $0.59, first quarter recordsWon two Edison Awards™ and a BIG Innovation Award for technology adva
PHILADELPHIA, April 09, 2025 (GLOBE NEWSWIRE) -- Axalta Coating Systems (NYSE:AXTA), a leading global coatings company, will release its first quarter 2025 financial results at 6 a.m. ET on Wednesday, May 7. 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 7. 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 wil
PHILADELPHIA, Feb. 04, 2025 (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, 2024. Fourth Quarter 2024 Highlights Record fourth quarter net sales of $1.3 billionNet income increased 85% year over year to $137 million, with net income margins of 10.5%, a year over year improvement of 480 basis pointsRecord fourth quarter Adjusted EBITDA of $275 millionAdjusted EBITDA margin improved 170 basis points year over yearDiluted EPS increased 91% to $0.63 and Adjusted Diluted EPS increased 30% to $0.60 Fiscal Year 2024 Highlights Record full year net
PHILADELPHIA, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Axalta Coating Systems (NYSE:AXTA), a leading global coatings company, will release its fourth-quarter and full-year 2024 financial results at 6 a.m. ET on Tuesday, February 4. 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 4. 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 shortly
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
Expanded executive team to support operational excellence and commercialization of the CellFX nanosecond PFA Platform Pulse Biosciences, Inc. (NASDAQ:PLSE) (the "Company" or "Pulse Biosciences"), a company leveraging its novel and proprietary Nanosecond Pulsed Field Ablation™ (nanosecond PFA or nsPFA™) technology, today announced the appointment of Jon Skinner as Chief Financial Officer, effective February 3, 2025. "I am excited to announce Jon as our next CFO, further building upon our momentum at Pulse Biosciences. His experience as a financial leader at both growth stage and scaled public diversified medtech companies will be extremely valuable in our efforts to advance our nanosecon
PHILADELPHIA, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Axalta Coating Systems Ltd. (NYSE:AXTA) ("Axalta" or the "Company"), a leading global coatings company, today announced that Tim Bowes has been appointed President, Global Industrial Coatings, effective January 27, 2025. Mr. Bowes will succeed Shelley Bausch who will be stepping down from her role. Most recently, Mr. Bowes served as Axalta's Senior Vice President and Chief Transformation Officer. Prior to joining Axalta, he served as Senior Vice President and President of Electrification, Industrial, Aftermarket, Purchasing & Supply Chain for Meritor. Mr. Bowes has also served as Senior Vice President and President of the Casting business un
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