Axalta reports record Q3 net sales of $1.32B, net income up 40% YoY

Axalta Coating Systems Ltd.

2024-Q3 EPS reported $1.15 revenue$3,965,000,000

Net sales $1.32B (record Q3), up 0.8% YoY; net income $102M (+40% YoY), margin 7.7%.
Adjusted EBITDA $291M (record Q3), margin 22.1%, up 220 bps YoY; Adjusted diluted EPS $0.59 (+31%).
Performance Coatings: net sales $877M (+2%), Adj. EBITDA $221M (25.3% margin, up from 23.3%).
Mobility Coatings: net sales $443M (-2%), Light Vehicle volumes +5% offset; Adj. EBITDA $70M (15.7% margin, up from 13.4%).
FY2024 outlook: $5.275B net sales, $1.115B Adj. EBITDA, $2.15 Adj. EPS, ~$500M FCF.

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