{"schema_version":"secwatch.filing_event.v1","accession":"0001616862-24-000033","form_type":"8-K","ticker":"AXTA","cik":"0001616862","company_name":"Axalta Coating Systems Ltd.","filed_at":"2024-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.266446+00:00","generated_at":"2026-06-03T02:52:25.596555+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Axalta Q1 adj. EBITDA record $259M; raises FY 2024 adj. EPS and FCF outlook","bullets":["Net sales $1.3B (+0.8% YoY); adj. EBITDA $259M (record, 20.0% margin, +340 bps).","Diluted EPS $0.18 (down $0.09); adj. diluted EPS $0.48 (up $0.13).","Board approved new $700M share repurchase program in April 2024.","Q1 paid down $75M term loan; net leverage 2.8x vs 3.7x a year ago.","FY 2024 guidance raised: adj. EBITDA $1.05-1.08B, adj. EPS $1.90-2.00, FCF $425-475M."],"urls":{"canonical":"https://secwatch.observer/filing/0001616862-24-000033","json":"https://secwatch.observer/filing/0001616862-24-000033.json","markdown":"https://secwatch.observer/filing/0001616862-24-000033.md","text":"https://secwatch.observer/filing/0001616862-24-000033.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1616862/000161686224000033/0001616862-24-000033-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1616862/000161686224000033/axta-20240501.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T02:52:25.596555+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a91c9abbbcd5b9b910db63d54ef7cfca64c155f7","claim":"Axalta Coating Systems Ltd. reported the first quarter ended March 31, 2024 results: revenue $1.3 billion, net income $39 million, EPS $0.18. Guidance raised.","evidence_excerpt":"global coatings company, announced its financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights: ▪ Net sales increased 0.8% year-over-year to $1.3 billion ▪ Announced 2024 Transformation Initiative with an estimated annual $75 million run-rate savings expected in 2026 ▪ Net income declined $22 million year-over-year to $39 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1616862/000161686224000033/0001616862-24-000033-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2024"},{"label":"Revenue","value":"$1.3 billion"},{"label":"Net income","value":"$39 million"},{"label":"EPS","value":"$0.18"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}