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Axalta Coating Systems Ltd - AXTA STOCK NEWS

Welcome to our dedicated news page for Axalta Coating Systems (Ticker: AXTA), a resource for investors and traders seeking the latest updates and insights on Axalta Coating Systems.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Axalta Coating Systems's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Axalta Coating Systems's position in the market.

News
Axalta Irus Mix and Voltatex® 7345 A ECO Wire Enamel Win Silver 2024 Edison Awards™; Low Carbon Footprint Sustainable Coating System with Hyperdur® Primer and Chromadyne® Colorcoat Takes Bronze
Rhea-AI Summary
Axalta Coating Systems (NYSE: AXTA) has won three 2024 Edison Awards™, with Axalta Irus Mix, Voltatex® 7345 A ECO Wire Enamel, and its Low Carbon Footprint Sustainable Coating System receiving accolades. The company's commitment to innovation and sustainability is evident through these award-winning solutions, showcasing efficiency, environmental benefits, and reduced carbon footprint. Axalta continues to lead in the global coatings industry with its focus on smarter surface solutions for a sustainable future.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.29%
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Axalta Named a 2023 General Motors Supplier of the Year
Rhea-AI Summary
Axalta Coating Systems (AXTA) was named a 2023 General Motors Supplier of the Year, highlighting its innovative products and commitment to sustainability. General Motors recognized 86 suppliers during the annual event, emphasizing the importance of performance, innovation, and cultural alignment. Axalta's President, Hadi Awada, expressed pride in the recognition and highlighted the company's contributions to GM's transformation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.5%
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Axalta Schedules First-Quarter 2024 Earnings Conference Call
Rhea-AI Summary
Axalta Coating Systems (AXTA) will announce its first-quarter 2024 financial results on May 1, 2024. The company's CEO and CFO will discuss the performance during a conference call. Investors can access a live webcast and replay of the call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.45%
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earnings
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Robert McLaughlin to Retire from Axalta Board of Directors
Rhea-AI Summary
Axalta Coating Systems announces retirement of Board member Robert M. McLaughlin after ten years of service. Jan Bertsch appointed as new Chair of the Audit Committee. The company continues to focus on providing innovative and sustainable coatings solutions globally.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.83%
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management
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Axalta Releases Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
Axalta Coating Systems Ltd. (NYSE:AXTA) announced its financial results for Q4 and full year 2023. Net sales increased by 4.9% year-over-year to $1.3 billion. The net income increased by $30 million year-over-year to $74 million, and adjusted EBITDA increased by $43 million year-over-year to $251 million. The adjusted EBITDA margin improved by 250 basis points year-over-year. Cash provided by operating activities was $286 million, and free cash flow was $254 million. The net leverage ratio was 2.9x, the lowest in company history at year-end. Full-year net sales increased by 6.1% year-over-year to $5.2 billion. Net income totaled $269 million versus $192 million in 2022. Adjusted EBITDA improved to $951 million from $811 million in fiscal year 2022. The company completed the acquisition of Andrè Koch AG on October 2, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.61%
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earnings
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Axalta Announces Starry Night as 2024 Global Automotive Color of the Year
Rhea-AI Summary
Axalta Coating Systems (NYSE: AXTA) announces its 2024 Global Automotive Color of the Year – Starry Night, a black shade with light blue and silver flakes, marking the 10th year of the initiative. The color represents the depths of the universe and space exploration, appealing to both classic and modern design styles. This year's color is part cosmic and part classic, but all Axalta.
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Rhea-AI Sentiment
End-of-Day
0.43%
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Axalta Wins Two 2024 BIG Innovation Awards
Rhea-AI Summary
Axalta Coating Systems (AXTA) wins 2024 BIG Innovation Award for Voltatex® 7345 A ECO Wire Enamel and Raptor® Flameproof Coating, contributing to electrification and sustainability
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Rhea-AI Sentiment
End-of-Day
0.27%
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Axalta Schedules Fourth-Quarter and Full-Year 2023 Earnings Conference Call
Rhea-AI Summary
Axalta Coating Systems (AXTA) will release its Q4 and full-year 2023 financial results on February 8, 2024, with a conference call hosted by CEO Chris Villavarayan and CFO Carl Anderson. The release and supporting materials will be available on the company's Investor Relations site, along with a live webcast and replay options.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.81%
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earnings
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Axalta Releases Third Quarter 2023 Results
Rhea-AI Summary
Axalta Coating Systems Ltd. (NYSE:AXTA) announced its financial results for Q3 2023. Net sales increased 5.7% YoY to $1.3 billion. Income from operations increased $40 million YoY to $163 million. Adjusted EBIT increased $40 million YoY to $188 million. Operating margins increased 250 bps YoY. Cash provided by operating activities was $210 million and Free Cash Flow was $182 million. The company repurchased $50 million of common shares and increased its full-year 2023 earnings outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.08%
Tags
earnings
News
Axalta Named Exclusive Supplier for BMW Group’s Private Paint Label ColorSystem in EMEA
Rhea-AI Summary
Axalta Coating Systems has been named the exclusive supplier for BMW Group's private paint label, ColorSystem, in 15 European countries and South Africa. The agreement includes BMW Group's network of 730 dealerships and collision repair partners. Axalta will also provide its Fast Cure Low Energy technology paint system, which can reduce carbon equivalent emissions and energy consumption by up to 45%. The agreement runs through December 2028.
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Rhea-AI Sentiment
End-of-Day
-1.17%
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Axalta Coating Systems Ltd

NYSE:AXTA

AXTA Rankings

#1003 Ranked by Market Cap
#1320 Ranked by Stock Gains
N/A Ranked by Dividends

AXTA Stock Data

6.94B
219.14M
0.37%
99.58%
2.64%
Paint and Coating Manufacturing
Manufacturing
Link
US
Philadelphia

About AXTA

singular focus on providing brilliant coatings sets us apart. axalta coating systems is the only leading global coatings company dedicated solely to the development, manufacture and sale of liquid and powder coatings. we serve customers in the automotive, transportation, general industrial and architectural and decorative sectors. our innovative products and services include paint, color matching tools, application technologies and customer training and business management systems. our scale ensures we can deliver innovative coating systems around the world. fast facts • over 145 years of experience in the coatings industry • more than 12,000 people who create, manufacture, distribute and support our products and services • doing business in 130 countries • 35 manufacturing plants around the world • 7 research & development centers on four continents • over 1,800 patents held or pending • 42 training centers to support our refinish customers around the globe • more than 120,