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Axalta Coating Systems Ltd (AXTA.N)

AXTA.N on New York Stock Exchange

31.15USD
18 Jan 2018
Change (% chg)

$0.07 (+0.23%)
Prev Close
$31.08
Open
$31.01
Day's High
$31.89
Day's Low
$30.89
Volume
433,650
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608,343
52-wk High
$38.20
52-wk Low
$27.78

Latest Key Developments (Source: Significant Developments)

Axalta Coating Systems Sees Preliminary 2018 Net Sales Growth About 6% to 7%
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - Axalta Coating Systems Ltd ::AXALTA COATING SYSTEMS LTD SEES PRELIMINARY 2018 CAPEX OF ABOUT $160 MILLION.SAYS SEES PRELIMINARY 2018 NET SALES GROWTH ABOUT 6 PERCENT TO 7 PERCENT - SEC FILING.SEES PRELIMINARY 2018 ADJUSTED EBITDA IN RANGE OF $940 MILLION - $980 MILLION.FY2018 REVENUE VIEW $4.66 BILLION -- THOMSON REUTERS I/B/E/S.SEES PRELIMINARY 2018 FREE CASH FLOW BETWEEN $430 MILLION AND $470 MILLION.  Full Article

Axalta And Nippon Paint End Acquisition Discussions
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Axalta Coating Systems Ltd ::AXALTA AND NIPPON PAINT END ACQUISITION DISCUSSIONS.AXALTA COATING SYSTEMS LTD - ANNOUNCED DISCUSSIONS REGARDING IT BEING ACQUIRED BY NIPPON PAINT HAVE ENDED.AXALTA COATING - NIPPON PAINT INFORMED CO THAT ITS BOARD WAS UNWILLING TO MEET EXPECTATIONS REGARDING "VALUE OF COMPANY".AXALTA COATING SYSTEMS - "OUR CURRENT AND FUTURE OPERATIONAL PLANS HAVE NOT WAVERED" DURING DEAL DISCUSSIONS.AXALTA COATING - NIPPON PAINT INFORMED CO THAT ITS BOARD WAS ALSO UNWILLING TO ASSUME "FINANCIAL LEVERAGE NECESSARY FOR A DEAL OF THIS SIZE".  Full Article

Nippon Paint Would Likely Spend Over 1 Trillion Yen for Axalta - Nikkei‍​
Thursday, 30 Nov 2017 

Dec 1 (Reuters) - Nikkei::NIPPON PAINT HOLDINGS WOULD LIKELY SPEND MORE THAN 1 TRILLION YEN ($8.91 BILLION) TO MAKE AXALTA COATING SYSTEMS A WHOLLY OWNED SUBSIDIARY - NIKKEI‍​.  Full Article

Axalta says it is in acquisition discussions with Nippon Paint
Wednesday, 22 Nov 2017 

Nov 22 (Reuters) - Axalta Coating Systems Ltd -:AXALTA CONFIRMS ACQUISITION DISCUSSIONS WITH NIPPON PAINT.CONFIRMED THAT IT IS ENGAGED IN DISCUSSIONS WITH NIPPON PAINT REGARDING A POTENTIAL ACQUISITION OF AXALTA​.  Full Article

Nippon Paint confirms it has made proposal to U.S. company about acquisition as reported
Wednesday, 22 Nov 2017 

Nov 22 (Reuters) - Nippon Paint Holdings Co Ltd <4612.T>::Confirms it has made proposal to U.S. company about acquisition as reported.Says no assurance deal will be reached.  Full Article

Akzo Nobel and Axalta end merger discussions
Wednesday, 22 Nov 2017 

Nov 21 (Reuters) - Akzo Nobel NV ::REG-AKZONOBEL AND AXALTA END MERGER DISCUSSIONS.AKZO NOBEL NV SAYS ‍SEPARATION OF AKZONOBEL SPECIALTY CHEMICALS BUSINESS AND RETURN OF VAST MAJORITY OF NET PROCEEDS TO SHAREHOLDERS REMAIN ON TRACK​.  Full Article

Akzo Nobel confirms discussions with Axalta regarding potential merger
Monday, 30 Oct 2017 

Oct 30 (Reuters) - AKZO NOBEL NV ::CONFIRMS CONSTRUCTIVE DISCUSSIONS WITH AXALTA REGARDING POTENTIAL MERGER‍​.CONFIRMS THAT ITS SEPARATION OF SPECIALTY CHEMICALS, INCLUDING THE RETURN OF THE VAST MAJORITY OF NET PROCEEDS TO SHAREHOLDERS, REMAINS ON TRACK FOR APRIL 2018.WILL CREATE A LEADING GLOBAL PAINTS & COATINGS COMPANY THROUGH A MERGER OF EQUALS.  Full Article

Axalta qtrly ‍diluted net income per share $ 0.22​
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Axalta Coating Systems Ltd :Axalta releases third quarter 2017 results.Q3 sales $1.092 billion versus I/B/E/S view $1.1 billion.Axalta Coating Systems Ltd - ‍reiterating our outlook for full year 2017​.Axalta Coating Systems Ltd - qtrly ‍diluted net income per share $ 0.22​.Q3 earnings per share view $0.24, revenue view $1.10 billion -- Thomson Reuters I/B/E/S.FY2017 earnings per share view $1.13, revenue view $4.35 billion -- Thomson Reuters I/B/E/S.  Full Article

Axalta updates financial guidance for Q3 and FY 2017
Monday, 9 Oct 2017 

Oct 9 (Reuters) - Axalta Coating Systems Ltd :Axalta updates financial guidance and highlights recent effects on its business.Sees FY 2017 sales up 6 to 7 percent.Sees Q3 2017 sales $1.08 billion to $1.1 billion.Axalta Coating Systems Ltd - ‍net sales for Q3 2017 are expected to be between $1.08-$1.10 billion​.Axalta Coating Systems - ‍Axalta now expects Q3 and 2017 full year adjusted EBITDA to be in a range of $205-$215 million and $870-$900 million, respectively​.Q3 revenue view $1.13 billion -- Thomson Reuters I/B/E/S.FY2017 revenue view $4.39 billion -- Thomson Reuters I/B/E/S.Axalta Coating Systems Ltd - ‍increase plans for cost reduction and productivity measures that should incrementally benefit Axalta in 2018​.Axalta Coating Systems Ltd - ‍"we have seen and expect moderate effects on our business from recent hurricanes and earthquake in Mexico​".Axalta Coating Systems Ltd - expect volumes for performance coatings​ segment to return to more normal levels during Q4.Axalta Coating Systems says "believe that much of" impact from recent hurricanes and Mexico earthquake "will be made up during course of 2018".  Full Article

Axalta says its unit issued $500 million principal amount of 4.875% senior notes due 2024
Wednesday, 17 Aug 2016 

Axalta Coating Systems Ltd: SEC filing .Axalta Coating Systems Ltd says also its unit issued eur 335.0 million aggregate principal amount of 4.250% senior notes due 2024 on august 16.  Full Article