Axalta Marks 10 Years as a Public Company by Ringing the Opening Bell® at the New York Stock Exchange on November 18, 2024
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) celebra il suo decimo anniversario come azienda pubblica suonando la campanella di apertura alla Borsa di New York il 18 novembre 2024. Il CEO Chris Villavarayan e il presidente del Consiglio Rakesh Sachdev guideranno la cerimonia, accompagnati dal team dirigenziale senior e dai dipendenti dell'area di Philadelphia. L'azienda ha mostrato forti performance, con un aumento del 48% della capitalizzazione di mercato da inizio 2023 ed è ben orientata verso i suoi obiettivi finanziari del Piano A 2026. Axalta serve 100.000 clienti con innovazioni nel colore esterno, applicazioni efficienti e soluzioni sostenibili.
Axalta (NYSE: AXTA) está celebrando su décimo aniversario como empresa pública al sonar la campana de apertura en la Bolsa de Nueva York el 18 de noviembre de 2024. El CEO Chris Villavarayan y el presidente de la Junta Rakesh Sachdev liderarán la ceremonia, acompañados por el equipo de alta dirección y empleados del área de Filadelfia. La compañía ha mostrado un sólido desempeño, con un aumento del 48% en la capitalización de mercado desde principios de 2023 y está siguiendo bien hacia sus objetivos financieros del Plan A 2026. Axalta atiende a 100,000 clientes con innovaciones en color externo, aplicación eficiente y soluciones sostenibles.
악살타(Axalta) (NYSE: AXTA)는 2024년 11월 18일 뉴욕 증권거래소에서 개장 종을 울리며 상장 10주년을 기념합니다. CEO 크리스 빌라바라얀(Chris Villavarayan)과 이사회 의장 락에시 삭데브(Rakesh Sachdev)가 이 행사를 주도하며, 고위 경영진과 필라델피아 지역 직원들이 함께할 것입니다. 이 회사는 2023년 초 이후 48%의 시장 가치 증가를 보여주며 2026년 A 계획 재무 목표에 잘 맞춰지고 있습니다. 악살타는 외부 색상, 효율적인 적용 및 지속 가능한 솔루션에서 혁신을 통해 10만 고객을 지원합니다.
Axalta (NYSE: AXTA) célèbre son dixième anniversaire en tant qu'entreprise publique en sonnant la cloche d'ouverture de la Bourse de New York le 18 novembre 2024. Le PDG Chris Villavarayan et le président du conseil d'administration Rakesh Sachdev dirigeront la cérémonie, accompagnés par l'équipe de direction senior et les employés de la région de Philadelphie. L'entreprise a affiché de solides performances, avec une augmentation de 48 % de la capitalisation boursière depuis début 2023 et suit bien ses objectifs financiers du plan A 2026. Axalta sert 100 000 clients grâce à des innovations dans la couleur extérieure, l'application efficace et les solutions durables.
Axalta (NYSE: AXTA) feiert sein 10-jähriges Jubiläum als börsennotiertes Unternehmen, indem es am 18. November 2024 die Eröffnungsurkelle an der New Yorker Börse läutet. CEO Chris Villavarayan und der Vorstandsvorsitzende Rakesh Sachdev werden die Zeremonie leiten, begleitet von dem Führungsteam und Mitarbeitern aus der Region Philadelphia. Das Unternehmen hat eine starke Leistung gezeigt, mit einem 48% Anstieg der Marktkapitalisierung seit Anfang 2023 und verfolgt gut seine Finanzziele des A Plans 2026. Axalta bedient 100.000 Kunden mit Innovationen in Außenfarbe, effizienter Anwendung und nachhaltigen Lösungen.
- Market capitalization increased by 48% since early 2023
- Company is on track to meet 2026 A Plan financial targets
- Large customer base of 100,000 clients
- None.
Insights
The 48% market cap growth since early 2023 signals strong market confidence in Axalta's strategic direction. The company's recent performance and progress toward its 2026 A Plan financial targets demonstrate operational excellence and effective market positioning. The coatings industry benefits from high barriers to entry and sticky customer relationships, with Axalta's 100,000 customer base providing stable recurring revenue. While the bell ringing ceremony is ceremonial, the underlying financial performance and market validation suggest robust fundamentals. The focus on efficiency improvements, sustainable solutions and innovation in application technology positions the company well for continued growth in the specialty chemicals sector.
PHILADELPHIA, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Axalta (NYSE: AXTA), a leading global coatings company, has announced that Chris Villavarayan, CEO and President, and Rakesh Sachdev, chair of the board, will commemorate 10 years as a publicly traded company by ringing the opening bell at the New York Stock Exchange (NYSE) on Nov. 18, 2024. Axalta’s senior leadership team and employees from the Philadelphia area will also participate in this highly respected and time-honored tradition.
“Ringing the bell at the NYSE is a fitting celebration for Axalta at this point in our history,” said Mr. Villavarayan. “The ONE Axalta team has changed the industry with purpose-driven innovation developed for our 100,000 unique and valued customers. We are breaking the boundaries of external color, efficient application and sustainable solutions while simultaneously growing the company, becoming leaner, and delivering record-setting financial results.”
Since the beginning of 2023, the company has increased its market capitalization by 48 percent and is progressing well against its 2026 A Plan financial targets introduced this year, as reported in third quarter earnings.
Live coverage of the ceremony will begin at 9:28 a.m. EST and will be available for streaming at https://www.NYSE.com/bell.
About Axalta Coating Systems
Axalta is a global leader in the coatings industry, providing customers with innovative, colorful, beautiful, and sustainable coatings solutions. From light vehicles, commercial vehicles and refinish applications to electric motors, building facades and other industrial applications, our coatings are designed to prevent corrosion, increase productivity, and enhance durability. With more than 150 years of experience in the coatings industry, the global team at Axalta continues to find ways to serve our more than 100,000 customers in over 140 countries better every day with the finest coatings, application systems and technology. For more information, visit axalta.com and follow us on LinkedIn and @axalta on X.
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