Welcome to our dedicated page for Axalta Coating Sys news (Ticker: AXTA), a resource for investors and traders seeking the latest updates and insights on Axalta Coating Sys stock.
Axalta Coating Systems Ltd (AXTA) delivers innovative liquid and powder coatings for automotive, industrial, and architectural markets worldwide. This dedicated news hub provides investors and industry professionals with timely updates on corporate developments shaping the coatings sector.
Access AXTA's official press releases alongside curated analysis covering financial results, sustainability initiatives, and technological advancements. Our repository tracks key updates including:
• Quarterly earnings and strategic partnerships
• New product launches and R&D breakthroughs
• Manufacturing expansions and sustainability efforts
• Industry recognition and leadership changes
Bookmark this page for streamlined monitoring of AXTA's operational milestones and market positioning. Combine real-time updates with historical context to assess the company's evolving role in global coatings innovation.
Axalta Coating Systems (AXTA) announced the acquisition of The CoverFlexx Group for $285 million, plus an additional $10 million earnout. The deal is expected to close in the third quarter, pending regulatory approval. The CoverFlexx Group focuses on aftermarket coatings for economy customers in North America, generating $78 million in revenue in 2023.
Axalta Coating Systems announced its financial results for the first quarter of 2024, with net sales increasing by 0.8% to $1.3 billion. The company reported an estimated annual $75 million run-rate savings from the 2024 Transformation Initiative. Although net income declined by $22 million to $39 million due to restructuring charges, Adjusted EBITDA saw a $46 million increase to $259 million. Diluted EPS dropped by $0.09 to $0.18, while Adjusted Diluted EPS rose by $0.13 to $0.48. The company also paid down $75 million of principal on term loan and approved a $700 million share repurchase program.
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