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Axalta Coating Systems ( (AXTA) ) has shared an announcement.
Axalta Coating Systems announced changes in the presentation of certain non-GAAP financial metrics, effective from the fourth quarter and full-year 2024 financial results. These adjustments involve ceasing the step-up depreciation and amortization from a past acquisition in the calculation of Adjusted EBIT and Adjusted Net Income, while beginning to adjust for all acquired intangibles’ amortization. The changes aim to align Axalta’s reporting with industry standards and will affect related metrics like ROIC and Adjusted Diluted EPS. Despite these changes, Axalta’s financial targets for its 2026 strategic plan remain unchanged, with an updated 2023 baseline for Adjusted Diluted EPS set at $1.68 per share.
More about Axalta Coating Systems
Axalta Coating Systems is a company operating in the coatings industry, primarily offering coatings and related services. The company focuses on alignment with industry peers and market practices, particularly in the area of financial reporting metrics.
YTD Price Performance: 8.10%
Average Trading Volume: 1,837,781
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $7.91B
For a thorough assessment of AXTA stock, go to TipRanks’ Stock Analysis page.
