secwatch.observer — SEC 8-K summary
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Issuer:     Axalta Coating Systems Ltd. (AXTA)
CIK:        0001616862
Form:       8-K
Filed at:   2025-01-21T23:59:59+00:00
Accession:  0001616862-25-000004
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Axalta changes non-GAAP metrics, recasts prior periods; 2026 targets unchanged
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- Will cease adjusting for step-up depreciation from DuPont acquisition; instead adjusts for amortization of all acquired intangibles.
- SEC comment letter resolved; changes effective with Q4 and full-year 2024 results.
- Recast tables provided for all quarters in 2023 and 2024 for Adjusted EBIT, Net Income, ROIC, and EPS.
- 2026 A Plan targets unchanged; 2023 Adjusted EPS baseline updated to $1.68, implying 2026 target ~$2.69.
- No change to 2026 ROIC target of approximately 15% or >60% Adjusted EPS growth from 2023 baseline.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1616862/000161686225000004/0001616862-25-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1616862/000161686225000004/axta-20250121.htm
  HTML page:      https://secwatch.observer/filing/0001616862-25-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer