---
schema_version: "secwatch.filing_event.v1"
accession: "0001616862-24-000009"
form_type: "8-K"
ticker: "AXTA"
cik: "0001616862"
company_name: "Axalta Coating Systems Ltd."
filed_at: "2024-02-08T23:59:59+00:00"
generated_at: "2026-06-06T05:40:04.523155+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Axalta Q4 adjusted EBITDA $251M (+21% YoY); FY 2024 guidance above consensus

## Summary
- Q4 net sales $1.3B (+4.9% YoY); net income $74M (+68% YoY); adjusted EPS $0.43 vs $0.38.
- Full-year net sales $5.2B (+6.1%); adjusted EBITDA $951M (+17%); adjusted EPS $1.57 vs $1.48.
- FY 2024 guidance: adjusted EBITDA $1,010-1,050M; adjusted EPS $1.80-1.95; free cash flow $400-450M.
- Net leverage ratio ended at 2.9x, lowest in company history; paid down $55M term loan in Q4.
- Acquired Andrè Koch AG in Performance Coatings segment in October 2023.

## SEC filing metadata
- accession: 0001616862-24-000009
- form_type: 8-K
- ticker: AXTA
- cik: 0001616862
- company_name: Axalta Coating Systems Ltd.
- filed_at: 2024-02-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1616862/000161686224000009/0001616862-24-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1616862/000161686224000009/axta-20240208.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001616862-24-000009
- JSON: https://secwatch.observer/filing/0001616862-24-000009.json
- Plain text: https://secwatch.observer/filing/0001616862-24-000009.txt

## Key facts
- Earnings Releases
  Axalta Coating Systems Ltd. reported fourth quarter and year ended December 31, 2023 results: revenue $1.3 billion, net income $74 million, EPS $0.33.
  - Period: fourth quarter and year ended December 31, 2023
  - Revenue: $1.3 billion
  - Net income: $74 million
  - EPS: $0.33
  - Result: reported results
  source text: Net sales increased 4.9% year-over-year to $1.3 billion
  evidence_url: https://www.sec.gov/Archives/edgar/data/1616862/000161686224000009/0001616862-24-000009-index.htm
- Earnings Releases
  Axalta Coating Systems Ltd. reported fourth quarter ended December 31, 2023 results: EPS adjusted diluted earnings per share improved by 13% to $0.43.
  - Period: fourth quarter ended December 31, 2023
  - EPS: adjusted diluted earnings per share improved by 13% to $0.43
  - Result: reported results
  source text: adjusted diluted earnings per share improved by 13% to $0.43 compared to $0.38 in the same period last year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1616862/000161686224000009/0001616862-24-000009-index.htm
- Earnings Releases
  Axalta Coating Systems Ltd. reported full year ended December 31, 2023 results: EPS adjusted diluted earnings per share for 2023 improved by 6% to $1.57.
  - Period: full year ended December 31, 2023
  - EPS: adjusted diluted earnings per share for 2023 improved by 6% to $1.57
  - Result: reported results
  source text: Full year 2023 net sales increased 6.1% year-over-year (5.6% excluding foreign currency translation) to $5.2 billion.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1616862/000161686224000009/0001616862-24-000009-index.htm
- Earnings Releases
  Axalta Coating Systems Ltd. reported full year ended December 31, 2023 results: EPS adjusted diluted earnings per share for 2023 improved by 6% to $1.57.
  - Period: full year ended December 31, 2023
  - EPS: adjusted diluted earnings per share for 2023 improved by 6% to $1.57
  - Result: reported results
  source text: adjusted diluted earnings per share for 2023 improved by 6% to $1.57 compared to $1.48.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1616862/000161686224000009/0001616862-24-000009-index.htm
- Earnings Releases
  Axalta Coating Systems Ltd. updated its first quarter 2024 guidance (initiated).
  - Period: first quarter 2024
  - Guidance: initiated
  - Result: guidance update
  source text: First Quarter 2024 Outlook: • Net Sales: Flat Year-Over-Year • Adjusted EBITDA: ~$240 million • Adjusted Diluted EPS: ~$0.40
  evidence_url: https://www.sec.gov/Archives/edgar/data/1616862/000161686224000009/0001616862-24-000009-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.