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Axalta Coating Systems (AXTA)
:AXTA
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 28, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.55Last Year’s EPS
0.48Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 04, 2025
|% Change Since: 2.62%
|Next Earnings Date:Apr 28, 2025
Earnings Call Sentiment|Positive
Axalta's earnings call showcased strong performance with record-breaking financial metrics, improved margins, and strategic growth initiatives, despite facing foreign currency headwinds, challenges in the Refinish market, and new tariff concerns.Company Guidance
During Axalta's Q4 2024 earnings call, the company reported record-breaking results, achieving the highest net sales and adjusted EBITDA in its history. The fourth quarter net sales reached $1.3 billion, with a 10% year-over-year increase in adjusted EBITDA to $275 million. This growth was driven by contributions from the CoverFlexx acquisition and net new body shop wins, despite facing challenges like foreign currency headwinds. Axalta improved its adjusted EBITDA margins by 170 basis points to 21%, reaching its 2026 A plan margin objective ahead of schedule. Adjusted diluted EPS rose by 30% year-over-year to $0.60. Additionally, the company continued to strengthen its balance sheet, reducing the net leverage ratio for the eighth consecutive quarter to a company record of 2.5x. Looking ahead to 2025, Axalta anticipates net sales growth in the low single digits and adjusted diluted EPS between $2.50 and $2.60, reflecting a 9% increase at the midpoint.Record-Breaking Sales and Earnings
Axalta reported the highest net sales and adjusted EBITDA in its history for fiscal year 2024, with a record fourth-quarter net sales of $1.3 billion and adjusted EBITDA of $275 million, marking the 10th consecutive quarter of year-over-year adjusted EBITDA growth.
Improved Financial Metrics
Adjusted EBITDA margins improved by 170 basis points versus the prior year to 21%, achieving the margin objective set for 2026 ahead of schedule. Adjusted diluted EPS grew by 30% year-over-year to $0.60 in the fourth quarter.
Strong Balance Sheet
Axalta's balance sheet continued to improve, with the total net leverage ratio declining for the eighth consecutive quarter to 2.5x, reaching the high end of their A plan target range.
Successful Transformation Initiatives
Axalta achieved approximately $20 million in transformation savings in 2024, exceeding their plan and aiming for $75 million in total savings. Variable costs were reduced by 7%, and delivery times improved by 10%.
Strategic Growth Initiatives
Secured approximately 2,800 net new body shop wins in Refinish and completed the acquisition of the CoverFlexx Group, contributing to a 5% growth in light vehicle net sales despite a decline in global auto builds.
Partnership for Digital Paint Solutions
Announced a strategic partnership with Dürr for automotive digital paint solutions, enhancing Axalta's offerings with Dürr's robotics experience.
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AXTA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AXTA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 04, 2025 | $35.11 | $38.01 | +8.26% |
| Oct 30, 2024 | $35.41 | $38.32 | +8.22% |
| Aug 01, 2024 | $35.65 | $36.64 | +2.78% |
| May 01, 2024 | $31.44 | $34.21 | +8.81% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Axalta Coating Systems (AXTA) report earnings?
Axalta Coating Systems (AXTA) is schdueled to report earning on Apr 28, 2025, TBA Not Confirmed.
What is Axalta Coating Systems (AXTA) earnings time?
Axalta Coating Systems (AXTA) earnings time is at Apr 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AXTA EPS forecast?
AXTA EPS forecast for the fiscal quarter 2025 (Q1) is 0.55.
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