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Axalta Coating Systems (AXTA)
NYSE:AXTA
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Axalta Coating Systems (AXTA) Earnings Date & Reports

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Earnings Data

Report Date
Jan 29, 2025
TBA Not Confirmed
Period Ending
2024 (Q4)
Consensus EPS Forecast
$0.51
Last Year’s EPS
$0.43
Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
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Earnings Call Summary

Earnings Call Date:Oct 30, 2024
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% Change Since: -2.85%
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Next Earnings Date:Jan 29, 2025
Earnings Call Sentiment|Positive
The earnings call conveyed a positive sentiment overall, with Axalta achieving record-breaking net sales and EBITDA despite facing some challenges in the Mobility and Industrial segments. The company's transformation initiatives and strategic growth in specific areas like Refinish and Light Vehicle are contributing to improved margins and a strong financial outlook.
Company Guidance
During Axalta Coating Systems' third-quarter 2024 earnings call, the company reported record third-quarter net sales of $1.32 billion, marking the 15th consecutive quarter of net sales growth. Their adjusted EBITDA reached a record $291 million, with an adjusted EBITDA margin of 22%, reflecting an improvement of 220 basis points year-over-year. The company's Chief Executive Officer, Chris Villavarayan, highlighted key achievements, including growth in Light Vehicle volumes and strategic wins in the Refinish segment. The company also launched innovative products like Axalta Nimbus and Axalta Irus Scan, aimed at enhancing efficiency and productivity for customers. Given the better-than-expected results, Axalta raised its full-year 2024 adjusted EBITDA guidance to approximately $1.115 billion and projected an adjusted diluted EPS increase of 37% year-over-year to approximately $2.15. The call also noted a focus on achieving the 2026 A Plan targets earlier than anticipated, underscoring strong financial performance and strategic growth initiatives.
Record Third Quarter Net Sales and Adjusted EBITDA
Axalta achieved a record third quarter net sales of $1.32 billion and a record third quarter adjusted EBITDA of $291 million, marking the ninth consecutive quarter of adjusted EBITDA growth year-over-year.
Expansion in Refinish and Light Vehicle Segments
Refinish net sales grew 5% year-over-year, driven by net new body shop wins and contributions from acquisitions. Light Vehicle volumes grew 5%, outpacing industry build rates which declined by 2%.
Successful Transformation Initiatives
Axalta's transformation initiatives are ahead of plan, with a target of $75 million annualized savings by 2026, contributing to improved margins.
Strong Financial Position and Share Repurchase Program
Axalta ended the quarter with over $1.2 billion in liquidity and repurchased $50 million of shares, with $100 million repurchased year-to-date under a $700 million program.
Increased Fiscal 2024 Earnings Outlook
Full year 2024 adjusted EBITDA is projected to be approximately $1,115 million, a 17% year-over-year increase, with adjusted diluted EPS forecasted to rise 37%.
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Axalta Coating Systems (AXTA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

AXTA Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Jan 29, 20252024 (Q4)
0.51 / -
0.43
Oct 30, 20242024 (Q3)
0.51 / 0.59
0.4531.11% (+0.14)
Aug 01, 20242024 (Q2)
0.51 / 0.57
0.3562.86% (+0.22)
May 01, 20242024 (Q1)
0.41 / 0.48
0.3537.14% (+0.13)
Feb 08, 20242023 (Q4)
0.44 / 0.43
0.3813.16% (+0.05)
Nov 01, 20232023 (Q3)
0.38 / 0.45
0.3915.38% (+0.06)
Aug 01, 20232023 (Q2)
0.38 / 0.35
0.41-14.63% (-0.06)
May 02, 20232023 (Q1)
0.30 / 0.35
0.3112.90% (+0.04)
Jan 25, 20232022 (Q4)
0.35 / 0.38
0.326.67% (+0.08)
Oct 25, 20222022 (Q3)
0.39 / 0.39
0.390.00% (0.00)
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
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%
Feb 08, 2024$32.55$31.05-4.61%
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 Jan 29, 2025, TBA Not Confirmed.
    What is Axalta Coating Systems (AXTA) earnings time?
    Axalta Coating Systems (AXTA) earnings time is at Jan 29, 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 2024 (Q4) is $0.51.
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