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Axalta Coating Systems Q1 2023 Earnings Report

Axalta Coating Systems logo
$34.40 -0.04 (-0.12%)
(As of 12/20/2024 05:31 PM ET)

Axalta Coating Systems EPS Results

Actual EPS
$0.35
Consensus EPS
$0.31
Beat/Miss
Beat by +$0.04
One Year Ago EPS
$0.31

Axalta Coating Systems Revenue Results

Actual Revenue
$1.28 billion
Expected Revenue
$1.24 billion
Beat/Miss
Beat by +$43.37 million
YoY Revenue Growth
+9.40%

Axalta Coating Systems Announcement Details

Quarter
Q1 2023
Time
After Market Closes

Conference Call Resources

Conference Call Audio

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Axalta Coating Systems Earnings Headlines

Analysts Set Axalta Coating Systems Ltd. (NYSE:AXTA) Target Price at $42.55
Axalta Coating Systems (NYSE:AXTA) Cut to Neutral at Citigroup
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KeyCorp Cuts Earnings Estimates for Axalta Coating Systems
Axalta Coating price target lowered to $42 from $44 at Deutsche Bank
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About Axalta Coating Systems

Axalta Coating Systems (NYSE:AXTA), through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through two segments, Performance Coatings and Mobility Coatings. It also offers water and solvent-borne products and systems to repair damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops. In addition, the company provides functional and decorative liquid, and powder coatings used in various industrial applications, including building materials, cabinet, wood and luxury vinyl flooring and furniture market under the Voltatex, AquaEC, Durapon, Hydropon, UNRIVALED, Ceranamel, Industrial, Corlar Industrial, Tufcote, Imron Industrial, Alesta, Teodur, Nap-Gard, Abcite, and Plascoat brands for powder coatings. Further, it develops and supplies electrocoat, primer, the basecoat, and clearcoat products for OEMs of light and commercial vehicles; and coatings systems for various commercial applications, including HDT, MDT, bus, and rail under the Imron, Imron Elite, Centari, Rival, Corlar epoxy undercoats, and AquaEC brands. The company offers products under the Audurra, Abcite, Alesta, AquaEC, Centari, Ceranamel, Challenger, Chemophan, ColorNet, Cromax, Cromax Mosaic, Durapon 70, Duxone, Harmonized Coating Technologies, Imron ExcelPro, Lutophen, Nason, Spies Hecker, Standox, Stollaquid, Syntopal, Syrox, Raptor, U-POL, and Vermeera brand names. The company was formerly known as Axalta Coating Systems Bermuda Co., Ltd. and changed its name to Axalta Coating Systems Ltd. in August 2014. Axalta Coating Systems Ltd. was founded in 1866 and is headquartered in Glen Mills, Pennsylvania.

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