Axalta Releases Fourth Quarter and Full Year 2023 Results
Axalta Coating Systems Ltd. Common Shares (AXTA)
Last axalta coating systems ltd. common shares earnings: 1/30 06:45 am
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axaltacs.com/corporate/en_us/investors.html
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Source: GlobeNewswire
PHILADELPHIA, Feb. 08, 2024 (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, 2023. Fourth Quarter 2023 Highlights Net sales increased 4.9% year-over-year to $1.3 billionNet income increased $30 million year-over-year to $74 million and Adjusted EBITDA increased $43 million year-over-year to $251 millionAdjusted EBITDA margin improved 250 basis points year-over-yearCash provided by operating activities of $286 million and Free Cash Flow of $254 millionPaid down $55 million of principal on term loan and refinanced 2025 senior notes extending maturity to 2031Net Leverage Ratio of 2.9x, lowest in company history at year-end Fourth Quarter 2023 Consolidated Financial Results Fourth quarter 2023 net sales increased 4.9% year-over-year to $1.3 billion. The increase in net sales was driven by a 2.3% foreign exchange benefit, 1.7% impro
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News
- Axalta Coating Systems Ltd. (NYSE: AXTA) had its price target raised by analysts at Royal Bank of Canada from $39.00 to $42.00. They now have an "outperform" rating on the stock.MarketBeat
- Axalta Coating Systems Ltd. (NYSE: AXTA) had its price target raised by analysts at JPMorgan Chase & Co. from $38.00 to $40.00. They now have an "overweight" rating on the stock.MarketBeat
- Axalta Coating Systems Ltd. (NYSE: AXTA) had its price target raised by analysts at KeyCorp from $38.00 to $40.00. They now have an "overweight" rating on the stock.MarketBeat
- Axalta Coating Systems Ltd. (NYSE:AXTA) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Axalta Coating Systems Ltd. (NYSE: AXTA) had its price target raised by analysts at BMO Capital Markets from $42.00 to $45.00. They now have an "outperform" rating on the stock.MarketBeat
AXTA
Earnings
- 5/1/24 - Beat
AXTA
Sec Filings
- 5/1/24 - Form 10-Q
- 5/1/24 - Form 8-K
- 4/24/24 - Form ARS
- AXTA's page on the SEC website