---
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"
generated_at: "2026-06-03T02:52:25.596555+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Axalta Q1 adj. EBITDA record $259M; raises FY 2024 adj. EPS and FCF outlook

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001616862-24-000033
- JSON: https://secwatch.observer/filing/0001616862-24-000033.json
- Plain text: https://secwatch.observer/filing/0001616862-24-000033.txt

## Key facts
- Earnings Releases
  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.
  - Period: the first quarter ended March 31, 2024
  - Revenue: $1.3 billion
  - Net income: $39 million
  - EPS: $0.18
  - Guidance: raised
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1616862/000161686224000033/0001616862-24-000033-index.htm

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