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Axalta Coating Systems Ltd (AXTA.N)

AXTA.N on New York Stock Exchange

28.79USD
18 Oct 2019
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Latest Key Developments (Source: Significant Developments)

Axalta Coating says Charlie Shaver Has Resigned As Chairman
Monday, 24 Jun 2019 

June 24 (Reuters) - Axalta Coating Systems Ltd ::AXALTA ANNOUNCES BOARD CHANGES.AXALTA COATING SYSTEMS LTD - CHARLIE SHAVER HAS RESIGNED AS CHAIRMAN OF ITS BOARD OF DIRECTORS, EFFECTIVE JUNE 30, 2019.AXALTA COATING SYSTEMS LTD - PRESIDING DIRECTOR MARK GARRETT TO ASSUME CHAIRMAN ROLE.  Full Article

Axalta Initiates Review Of Strategic Alternatives
Wednesday, 19 Jun 2019 

June 19 (Reuters) - Axalta Coating Systems Ltd ::AXALTA INITIATES REVIEW OF STRATEGIC ALTERNATIVES.AXALTA INITIATES REVIEW OF STRATEGIC ALTERNATIVES.AXALTA COATING SYSTEMS LTD - BOARD HAS FORMED A STRATEGIC REVIEW COMMITTEE, WHICH WILL BE CHAIRED BY INDEPENDENT PRESIDING DIRECTOR OF AXALTA'S BOARD.AXALTA COATING - STRATEGIC REVIEW COMMITTEE WILL ALSO INCLUDE CHIEF EXECUTIVE OFFICER ROBERT BRYANT AND AXALTA INDEPENDENT DIRECTOR SAMUEL SMOLIK.AXALTA COATING SYSTEMS LTD - INITIATED A COMPREHENSIVE REVIEW OF STRATEGIC ALTERNATIVES, INCLUDING A POTENTIAL SALE OF COMPANY.  Full Article

Axalta Coating Systems Posts Q1 Adjusted Earnings Per Share $0.34
Wednesday, 24 Apr 2019 

April 24 (Reuters) - Axalta Coating Systems Ltd ::AXALTA RELEASES FIRST QUARTER 2019 RESULTS.Q1 SALES $1.119 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.14 BILLION.Q1 ADJUSTED EARNINGS PER SHARE $0.34.Q1 EARNINGS PER SHARE $0.18.Q1 EARNINGS PER SHARE ESTIMATE $0.22 -- REFINITIV IBES DATA.PERFORMANCE COATINGS SEGMENT SAW STRONG ONGOING PRICE AND MIX IMPROVEMENT IN QUARTER.LIGHT VEHICLE VOLUME ALSO SAW PRESSURE FROM SLOWER GLOBAL PRODUCTION RATES IN QUARTER.AXALTA COATING - ADJUSTED EBIT FOR Q1 DECREASED YEAR-OVER-YEAR UDE TO VARIABLE COST INFLATION IMPACTS, NEGATIVE IMPACTS FROM FOREIGN CURRENCY.OPERATING AND FINANCIAL PERFORMANCE REMAINS ON TRACK FOR OUR FULL YEAR EXPECTATION.SEES 2019 ADJUSTED EPS RANGE OF $1.68-1.88.SEES 2019 NET SALES GROWTH OF ABOUT 0-1% AS-REPORTED.SEES FY CAPITAL EXPENDITURES OF ABOUT $160 MILLION.SEES FY DEPRECIATION AND AMORTIZATION OF ABOUT $375 MILLION.  Full Article

Axalta Reports Qtrly Earnings Per Share $0.32
Wednesday, 30 Jan 2019 

Jan 30 (Reuters) - Axalta Coating Systems Ltd ::AXALTA RELEASES FOURTH QUARTER AND FULL YEAR 2018 RESULTS.Q4 SALES $1.158 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.18 BILLION.UPDATING OUR OUTLOOK FOR FULL YEAR 2019.SEES FY 2019 ADJUSTED EARNINGS PER SHARE $1.30 TO $1.50.SEES 2019 NET SALES GROWTH OF 1-2% AS REPORTED, OR 2-3% EXCLUDING FX HEADWINDS.SEES 2019 FREE CASH FLOW OF $430-470 MILLION.SEES FULL YEAR 2019 CAPITAL EXPENDITURES OF ABOUT $160 MILLION.QTRLY EARNINGS PER SHARE $0.32.QTRLY DILUTED ADJUSTED NET INCOME PER SHARE $0.34.Q4 EARNINGS PER SHARE VIEW $0.32 -- REFINITIV IBES DATA.FY2019 EARNINGS PER SHARE VIEW $1.37, REVENUE VIEW $4.79 BILLION -- REFINITIV IBES DATA.QTRLY CONSTANT CURRENCY NET SALES INCREASED 2.7%."AS WE FOCUS ON 2019, WE REMAIN CAUTIOUSLY OPTIMISTIC REGARDING KEY END-MARKET DRIVERS".  Full Article

Axalta And Plenham Form Three-Year Global Alliance
Friday, 4 Jan 2019 

Jan 4 (Reuters) - Axalta Coating Systems Ltd ::AXALTA AND PLENHAM FORM THREE-YEAR GLOBAL ALLIANCE.  Full Article

Axalta To Launch Colorista Architectural Powder Coatings Colour Collection In Indonesia
Friday, 21 Dec 2018 

Dec 21 (Reuters) - Axalta Coating Systems Ltd ::AXALTA COLLABORATES WITH ALLURE INDUSTRIES TO LAUNCH COLORISTA ARCHITECTURAL POWDER COATINGS COLOUR COLLECTION IN INDONESIA.  Full Article

Axalta Coating Systems Ltd Sees 2019 Capex About $160 Mln
Wednesday, 19 Dec 2018 

Dec 19 (Reuters) - Axalta Coating Systems Ltd ::SEES 2019 CAPEX ABOUT $160 MILLION.AXALTA COATING SYSTEMS SEES 2019 NET SALES GROWTH OF ABOUT 1-2 PERCENT.SEES 2019 FREE CASH FLOW $430 MILLION - $470 MILLION.SEES 2019 NET SALES GROWTH, EX FX OF ABOUT 2 TO 3 PERCENT.SEES 2019 ADJUSTED EBITDA $950 MILLION - $1,000 MILLION.NO SHARE REPURCHASES ASSUMED IN 2019 DILUTED SHARES.FY2019 REVENUE VIEW $4.83 BILLION -- REFINITIV IBES DATA.  Full Article

Robert Bryant Named Chief Executive Officer Of Axalta
Tuesday, 11 Dec 2018 

Dec 11 (Reuters) - Axalta Coating Systems Ltd ::ROBERT BRYANT NAMED CHIEF EXECUTIVE OFFICER OF AXALTA.SAYS SEAN LANNON APPOINTED CFO.SAYS SEAN LANNON APPOINTED CFO.SEAN LANNON NAMED CHIEF FINANCIAL OFFICER.AXALTA COATING SYSTEMS - SEAN LANNON HAD BEEN SERVING AS VICE PRESIDENT AND INTERIM CHIEF FINANCIAL OFFICER SINCE OCTOBER 2018.AXALTA COATING SYSTEMS - BRYANT APPOINTED TO SERVE ON BOARD.  Full Article

Axalta Coating Systems Expects To Incur Pre-Tax Charges Of About $120 Mln-130 Mln
Thursday, 1 Nov 2018 

Oct 31 (Reuters) - Axalta Coating Systems Ltd ::AXALTA COATING SYSTEMS - EXPECTS TO INCUR PRE-TAX CHARGES OF ABOUT $120 MILLION-130 MILLION.AXALTA COATING - COMPONENTS OF PRE-TAX CHARGES INCLUDE ABOUT $71 MILLION IN SEVERANCE COSTS.AXALTA COATING- PRE-TAX CHARGES INCLUDE NON-CASH ACCELERATED DEPRECIATION COSTS OF ABOUT $50 MILLION-$60 MILLION FOR REDUCED USEFUL LIVES OF IMPACTED MANUFACTURING ASSETS.AXALTA COATING- ESTIMATES PRE-TAX CHARGES TO BE INCURRED IN FY 2018, 2019, 2020 OF ABOUT $85 MILLION, $30 MILLION AND $10 MILLION.AXALTA COATING- EXPECTS PRE-TAX CHARGES TO RESULT IN ANNUAL PRE-TAX SAVINGS OF ABOUT $30 MILLION, EXPECTED TO BEGIN TO BE REALIZED IN H2 2020.  Full Article

Axalta QTRLY Loss Per Share $0.05
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - Axalta Coating Systems Ltd ::AXALTA RELEASES THIRD QUARTER 2018 RESULTS.Q3 SALES $1.139 BILLION VERSUS I/B/E/S VIEW $1.15 BILLION.QTRLY LOSS PER SHARE $0.05.SEES 2018 CAPITAL EXPENDITURES OF ABOUT $160 MILLION.SEES 2018 NET SALES GROWTH OF ABOUT 8% AS-REPORTED.SEES 2018 FREE CASH FLOW RANGE OF $330-350 MILLION.SEES 2018 FREE CASH FLOW RANGE OF $330 MILLION - $350 MILLION.AXALTA COATING SYSTEMS - SEES 2018 ADJUSTED EBITDA OF $935 MILLION - $950 MILLION."FACE RENEWED HEADWINDS FROM INCREMENTAL FOREIGN EXCHANGE TRANSLATION EFFECTS".AXALTA COATING SYSTEMS - QTRLY ADJUSTED EARNINGS PER SHARE $0.32.Q3 EARNINGS PER SHARE VIEW $0.30 -- THOMSON REUTERS I/B/E/S.FY2018 REVENUE VIEW $4.74 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Buffett-backed Axalta Coating Systems to explore a sale

(This version of the June 19 story corrects to show investigation was by external counsel in paragraph 5)