Axalta Coating Sys Ltd Stock Price, News & Analysis

Axalta Coating Systems (NYSE: AXTA) and Dürr Systems AG have announced a strategic partnership to provide digital paint solutions for automotive manufacturers. The collaboration combines Axalta's NextJet™ technology with Dürr's robotics integration capabilities to enable precise, overspray-free paint application for light vehicle OEMs.

The partnership focuses on maskless application of paint for tutone and graphics, with Dürr serving as the robotics integrator for Axalta NextJet™. The agreement builds upon Axalta's existing partnership with Xaar announced in 2023, who will remain an integral part of the digital paint solutions offered to the OEM market.

Demonstrations of Axalta NextJet™ integrated with Dürr robotics have already commenced at Dürr's test center in Bietigheim, Germany.

Axalta Coating Systems (NYSE: AXTA) has announced the launch of the Axalta Fellows Forum, a global network of distinguished Fellows aimed at identifying and developing new technologies and innovations. The initiative will work alongside the Technology Incubator team to explore emerging technologies from the global scientific community, focusing on applications in current markets and adjacent sectors.

Dr. Robert Roop, Senior Vice President and Chief Technology Officer, describes the forum as a strategic investment in Axalta's future. The company, which serves over 100,000 customers across 140 countries, leverages more than 150 years of experience and employs approximately 1,300 scientists, engineers, and technicians focused on developing sustainable products and improving processes.

Axalta Coating Systems (NYSE: AXTA) has announced its upcoming fourth-quarter and full-year 2024 financial results release, scheduled for February 4, 2025, at 6 a.m. ET. The company will host a conference call at 8 a.m. ET on the same day, where CEO and President Chris Villavarayan and CFO Carl Anderson will review the financial performance.

The earnings release and supporting materials will be available on Axalta's Investor Relations site. Investors can access the live webcast of the conference call, with a replay available through February 4, 2026. For those preferring to dial in, the conference call number is 1-800-225-9448 with conference ID 'AXALTA'. A replay will be accessible until February 11, 2025, at 1-844-512-2921 with passcode 11157765.

Axalta Coating Systems (NYSE: AXTA) has unveiled Evergreen Sprint as its 2025 Global Automotive Color of the Year. This deep forest green shade, inspired by the legendary British racing green, marks the company's 11th annual color announcement and second green selection. The color combines motorsport heritage with modern sophistication, making it suitable for various vehicle types from racing cars to everyday sedans and SUVs.

According to Dan Benton, Global Color Marketing Director at Axalta, the color emphasizes performance, competition, and adventure. The selection follows the company's Global Automotive 2023 Color Popularity Report, which indicates that green currently appears on approximately 2% of vehicles worldwide. The color choice resulted from collaboration among Axalta's global color experts, who have been identifying emerging automotive color trends since 2015.

Axalta (NYSE: AXTA) has been awarded a 2024 R&D 100 Award in the Mechanical and Materials category for its innovative Primerless Consolidated Coating System. This groundbreaking automotive paint system achieves pearlescent effects without primer and reduces basecoat application to a single pass, compared to traditional multi-layer processes.

The system delivers superior color capability while maintaining substrate coverage and mechanical properties. It significantly improves sustainability by reducing cycle time and energy consumption in automotive paint shops. The technology was recognized at an awards dinner on November 21 in Palm Springs, California, joining the ranks of revolutionary technologies from leading global companies since 1963.

Axalta (NYSE: AXTA) is celebrating its 10-year anniversary as a public company by ringing the opening bell at the New York Stock Exchange on November 18, 2024. CEO Chris Villavarayan and Board Chair Rakesh Sachdev will lead the ceremony, joined by the senior leadership team and Philadelphia-area employees. The company has shown strong performance, with a 48% increase in market capitalization since early 2023 and is tracking well towards its 2026 A Plan financial targets. Axalta serves 100,000 customers with innovations in external color, efficient application, and sustainable solutions.

Axalta (NYSE: AXTA) has officially opened its global headquarters at the Philadelphia Navy Yard, marked by a ribbon-cutting ceremony and employee event. The strategic relocation from Delaware County integrates the headquarters with Axalta's Global Innovation Center, one of the region's largest coatings R&D facilities, advancing the company's ONE Axalta initiative.

The move centralizes operations, including the leadership team, in a remodeled office environment designed to enhance collaboration and innovation. The facility features modern meeting spaces and collaboration areas, serving as a hub for global research, product development, and technology initiatives. This relocation reinforces Axalta's commitment to Philadelphia and aims to streamline decision-making while facilitating interaction among employees, business partners, and customers.

Axalta Coating Systems reported record third quarter 2024 results with net sales of $1.32 billion, a 0.8% year-over-year increase. Net income rose 40% to $102 million with a 7.7% margin. The company achieved record Q3 Adjusted EBITDA of $291 million, with margin improving 220 basis points to 22.1%. Diluted EPS increased 39% to $0.46, while Adjusted Diluted EPS grew 31% to $0.59. Performance Coatings segment saw 2% growth, while Mobility Coatings declined 2%. The company repurchased $50 million of common shares and maintained strong liquidity of over $1.2 billion.

Axalta (NYSE: AXTA), a leading global coatings company, has launched Axalta Nimbus, a cloud-based platform for refinish customers. This innovative technology integrates all of Axalta's tools and resources into a single platform, aimed at improving efficiency, productivity, performance, and profitability. Axalta Nimbus offers a comprehensive suite of features including:

• Color retrieval
• Product ordering
• Inventory management
• Training resources
• Customer support

The platform provides actionable data and business insights to help owners and managers make informed decisions. With its intuitive user interface and customizable capabilities, Axalta Nimbus is designed to streamline the refinish process and enable customers to do business smarter.