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Axalta Coating Systems Ltd. (NYSE: AXTA) stands out as a premier global coatings company solely focused on the development, manufacture, and sale of liquid and powder coatings. This specialization has positioned Axalta as a leader in serving a diverse range of sectors including automotive, transportation, general industrial, and architectural and decorative markets.
With over 145 years of experience in the coatings industry, Axalta continues to innovate and deliver superior solutions. The company operates through two main segments: Performance Coatings and Mobility Coatings. The Performance Coatings segment provides products to refinish and industrial markets, while the Mobility Coatings segment focuses on original equipment manufacturers (OEMs) of light and commercial vehicles.
Axalta's extensive global presence includes 35 manufacturing facilities, 7 research and development centers, and operations in 130 countries. It employs over 12,000 people dedicated to creating, manufacturing, distributing, and supporting its extensive product portfolio. The company holds or has pending more than 1,800 patents, underscoring its commitment to innovation.
Recent notable achievements highlight Axalta's innovative drive. The company has been recognized with three 2024 Edison Awards™ for its cutting-edge products, including the Axalta Irus Mix, Voltatex® 7345 A ECO Wire Enamel, and its Low Carbon Footprint Sustainable Coating System. These accolades reflect Axalta's focus on sustainability and advanced technology.
Axalta's commitment to sustainable practices is further evidenced by its recent partnership with Solera to integrate its refinish paint systems into Solera’s Sustainable Estimatics platform. This initiative allows customers to estimate their CO2 emissions per repair, supporting eco-conscious decisions and contributing to Axalta's goal of becoming carbon neutral by 2040.
Additionally, Axalta is pursuing strategic growth through acquisitions, as evidenced by its agreement to acquire The CoverFlexx Group. This acquisition is expected to enhance Axalta's refinish business by expanding its product offerings and market reach.
For more information on Axalta Coating Systems Ltd., visit axalta.com and follow the company on LinkedIn and X.
Pulse Biosciences (PLSE) has appointed Jon Skinner as Chief Financial Officer, effective February 3, 2025. Skinner brings extensive healthcare sector experience, most recently serving as VP of FP&A and Investor Relations at Copeland. His prior roles include VP of Finance and Corporate Development at Imperative Care and VP of Finance – Interventional Urology at Teleflex, where he led 25 M&A transactions.
As part of his appointment, Skinner received inducement grants of options to purchase 300,000 shares at $20.93 per share. The options vest over four years, with half based on continuous employment and half tied to achieving product revenue and market capitalization milestones between $2 billion and $5 billion.
The appointment aims to support the company's operational excellence and commercialization of its CellFX nanosecond PFA Platform, which utilizes proprietary Nanosecond Pulsed Field Ablation technology.
Axalta Coating Systems (NYSE:AXTA) reported strong financial results for Q4 and full year 2024. The company achieved record Q4 net sales of $1.3 billion and record full-year net sales of $5.3 billion.
Q4 highlights include: net income up 85% to $137 million, net income margins of 10.5% (up 480 basis points YoY), and record Adjusted EBITDA of $275 million. Diluted EPS increased 91% to $0.63.
Full-year 2024 performance showed record net income of $391 million (up 45% YoY), record Adjusted EBITDA of $1,116 million, and net income margins of 7.4%. The company's net debt to LTM Adjusted EBITDA ratio improved to 2.5x from 2.9x year-over-year.
For 2025, Axalta projects net sales of $5,350-$5,400 million and Adjusted EBITDA of $1,150-$1,175 million.
Axalta Coating Systems (NYSE: AXTA) has won the 2025 BIG Innovation Award for its Voltatex® 8537PF, a groundbreaking wire enamel technology. The product, specifically designed for electric vehicles, wind turbines, and high-performance electrical systems, represents a significant advancement in motor coating technology.
The innovative organic-inorganic hybrid polyamide-imide wire enamel offers superior corona resistance, heat resilience, and transmission fluid resistance, important features for high power-density motors. This technology specifically addresses previous limitations in electric vehicle motor development, improving their reliability and efficiency.
The award, presented by the Business Intelligence Group (BIG), recognizes organizations, products, and people bringing innovative ideas to life. The winners were selected by a panel of business leaders and executives who volunteered to evaluate submissions.
Axalta Coating Systems (NYSE: AXTA) has announced the appointment of Tim Bowes as President of Global Industrial Coatings, effective January 27, 2025, succeeding Shelley Bausch. Bowes, who currently serves as Senior Vice President and Chief Transformation Officer at Axalta, brings extensive experience in managing industrial businesses globally.
Prior to joining Axalta, Bowes held executive positions at several companies, including Meritor, American Axle & Manufacturing, and Transtar Industries. He has international experience working in Asia and Europe, and holds an MBA from Wayne State University and a bachelor's degree from Lawrence Technological University.
CEO Chris Villavarayan highlighted Bowes' significant contributions to Axalta's transformation over the past two years, particularly in strategy and operational excellence.
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.
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