Welcome to our dedicated page for Axalta Coating Systems Ltd. news (Ticker: AXTA), a resource for investors and traders seeking the latest updates and insights on Axalta Coating Systems Ltd. stock.
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.
Axalta Coating Systems (NYSE: AXTA) will announce its first-quarter 2023 financial results on May 2, 2023. The release will be accessible on the company's investor relations website, with a conference call scheduled for May 3 at 8 a.m. ET, featuring CEO Chris Villavarayan and CFO Sean Lannon discussing the performance. Interested parties can join via a dial-in number or webcast, with a replay available after the call until May 10, 2023. Axalta, a leader in coatings for various industries, aims to deliver innovative and sustainable solutions to over 100,000 customers worldwide.
Axalta Coating Systems (NYSE: AXTA) has announced its support for the John P. McNulty Program for Leadership in Science and Mathematics at Saint Joseph’s University. This investment aims to inspire young women to pursue leadership roles in STEM fields. The funding will specifically focus on scholarships for one year. Axalta’s Bright Futures program, established in 2021, also supports students in related disciplines. The company emphasizes its commitment to corporate social responsibility, particularly in STEM education, benefitting both local communities and future innovators.
Axalta Coating Systems has announced the elevation of Dr. Mike Grady and Dr. Jeff Johnson to Axalta Fellow, the highest honor within its Technology function. This recognition highlights their significant contributions to scientific advancements and commercial success at Axalta. Dr. Grady has over 40 years of experience in reaction engineering and resin processes, while Dr. Johnson brings 30 years of expertise in resin synthesis, holding 89 patents. The company continues to leverage its global team of approximately 1,300 scientists to innovate smarter surface solutions.
Axalta Coating Systems launched its latest ICONICA collection of Alesta® SD powder coatings in the U.S. on March 14, 2023. This collection focuses on exceptional performance, aesthetics, and sustainability, featuring a super-durable polyester resin system. The new palette includes 40 finishes and 14 new colors, developed to address evolving market demands. ICONICA aligns with international standards and offers a warranty of up to 25 years. Additionally, the coatings are solvent- and VOC emissions-free, supporting environmental initiatives like LEED credits. The collection reflects modern design themes influenced by recent global events.
Axalta Coating Systems reported strong Q4 2022 results, exceeding guidance with an 8.7% increase in net sales year-over-year, amounting to $1,236.7 million. Growth was fueled by a 2.4% rise in volumes and an 11.7% increase in price-mix. Income from operations rose 15.9% to $109.8 million, while adjusted EBIT grew 21.7% to $147.2 million. However, diluted EPS fell to $0.20 from $0.23 in the previous year. The company faced $70 million in headwinds from foreign currency fluctuations and global conflicts. Axalta's CEO emphasized strong pricing momentum and a recovery in Mobility Coatings, which saw an impressive 25.5% sales increase.
Axalta Coating Systems (NYSE: AXTA) will release its fourth-quarter and full-year 2022 financial results on January 25, 2023, after market close. A conference call will be held on January 26 at 9:00 a.m. ET with CEO Chris Villavarayan and CFO Sean Lannon to discuss the financial performance. Investors can access the call via dial-in or a live webcast, with a replay available afterward. As a global leader in coatings, Axalta serves customers in over 140 countries, focusing on innovative and sustainable solutions.
Axalta Coating Systems has unveiled its 70th annual Global Automotive Color Popularity Report, highlighting that neutral colors dominate automotive preferences.
In 2022, white retained the top position with 34% of vehicles, followed by black at 21% and gray at 19%. Together, these colors account for 82% of cars on the road.
The report emphasizes the vibrant evolution of colors in today's vehicles compared to past decades, featuring enhanced sparkling effects. The full report is available online, providing insights to automotive OEMs.
Axalta Coating Systems (NYSE: AXTA) has unveiled its 2023 Global Automotive Color of the Year, named Techno Blue. This vibrant color, characterized as modern and whimsical, is a shift from last year's luxurious Royal Magenta. Senior VP Hadi Awada emphasized that Techno Blue represents a futuristic mindset, enhanced by advanced formulations to appeal to diverse customer preferences. Axalta continues to leverage over 150 years of industry expertise to innovate in coatings solutions and trends.
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