PHILADELPHIA, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Axalta Coating Systems Ltd. (NYSE:AXTA) (“Axalta”), a leading global coatings company, announced its financial results for the fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 Highlights Record fourth quarter net sales of $1.3 billionNet income increased 85% year over year to $137 million, with net income margins of 10.5%, a year over year improvement of 480 basis pointsRecord fourth quarter Adjusted EBITDA of $275 millionAdjusted EBIT ...

Voltatex® 8537PF improves the reliability and efficiency of electric vehiclesPHILADELPHIA, Jan. 28, 2025 (GLOBE NEWSWIRE) -- Axalta Coating Systems (NYSE: AXTA), a leading global coatings company, today announced that its Voltatex® 8537PF won the 2025 BIG Innovation Award presented by the Business Intelligence Group (BIG). The annual business awards program recognizes organizations, products and people that bring new ideas to life in innovative ways. “Innovation is at the core of what we do and receiving th ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Axalta Coating Systems (AXTA) . This company, which is in the Zacks Chemical - Specialty industry, shows potential for another earnings beat.When looking at the last two reports, this high-performance coating system maker has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 13.73%, ...

Executive Appointment - Tim Bowes has been appointed as President, Global Industrial Coatings at Axalta Coating Systems Ltd, effective January 27, 2025 [1] - Tim Bowes succeeds Shelley Bausch, who is stepping down from her role [1] - Tim Bowes previously served as Axalta's Senior Vice President and Chief Transformation Officer [2] Tim Bowes' Background - Tim Bowes has extensive experience in managing industrial businesses across various industries and regions [2] - Prior to Axalta, Tim Bowes held leadership roles at Meritor, American Axle & Manufacturing, Transtar Industries, ITT Automotive, and Intermet [2] - Tim Bowes has lived and worked in Asia and Europe, and holds an MBA from Wayne State University and a bachelor's degree from Lawrence Technological University [2] Company Leadership's Perspective - Chris Villavarayan, CEO and President of Axalta, highlighted Tim Bowes' significant contributions to the company's transformation over the past two years [3] - Chris Villavarayan expressed confidence in Tim Bowes' ability to lead the global Industrial Coatings business during an important time for the company [3] - The company thanked Shelley Bausch for her contributions and wished her well in her future endeavors [3] About Axalta Coating Systems - Axalta is a global leader in the coatings industry, providing innovative, sustainable coatings solutions for various applications including light vehicles, commercial vehicles, electric motors, and building facades [4] - The company has over 150 years of experience in the coatings industry and serves more than 100,000 customers in over 140 countries [4] - Axalta's coatings are designed to prevent corrosion, increase productivity, and enhance durability [4]

Network of Fellows will help identify new technologies and innovations for the continued growth of AxaltaPHILADELPHIA, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Axalta Coating Systems Ltd. (NYSE: AXTA), a leading global coatings company, today unveiled the visionary, transformative Axalta Fellows Forum. This elite global network of distinguished Fellows will spearhead the identification and development of cutting-edge technologies and innovations, driving Axalta's continued growth and market leadership. The Fellow ...

PHILADELPHIA, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Axalta Coating Systems (NYSE:AXTA), a leading global coatings company, will release its fourth-quarter and full-year 2024 financial results at 6 a.m. ET on Tuesday, February 4. The release and supporting materials will be posted to Axalta's Investor Relations site. In addition, the company will host a conference call at 8 a.m. ET on February 4. Chris Villavarayan, Chief Executive Officer and President, and Carl Anderson, Senior Vice President and Chief Financi ...

Newest shade pays homage to the legendary British racing greenPHILADELPHIA, Jan. 09, 2025 (GLOBE NEWSWIRE) -- Axalta Coating Systems (NYSE: AXTA), a leading global coatings company, today announced its 2025 Global Automotive Color of the Year – Evergreen Sprint. This marks the 11th year Axalta has introduced its automotive color of the year and the second time it has featured a green shade. Evergreen Sprint is a rich, deep forest green that pays homage to the legendary British racing green, a shade that ha ...

PHILADELPHIA, Jan. 09, 2025 (GLOBE NEWSWIRE) -- Axalta Coating Systems (NYSE:AXTA), a leading global coatings company, today announced its 2025 Global Automotive Color of the Year – Evergreen Sprint. This marks the 11th year Axalta has introduced its automotive color of the year and the second time it has featured a green shade. Evergreen Sprint is a rich, deep forest green that pays homage to the legendary British racing green, a shade that has graced the finest racing machines and symbolizes speed and pe ...

PHILADELPHIA, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Axalta (NYSE: AXTA), a leading global coatings company, has won a 2024 R&D 100 Award in the Mechanical and Materials category. Axalta’s Primerless Consolidated Coating System is used in a streamlined, consolidated automotive paint process that delivers superior color capability, especially for glamorous and difficult to create colors. The coating system, together with this consolidated process, provides sustainability and productivity to automotive paint shops ...

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