earnings
confidence high
sentiment positive
materiality 0.80
Axalta posts record Q4 net sales of $1.3B, net income up 85% to $137M, Adj. EBITDA margin 21.0%
Axalta Coating Systems Ltd.
2024-FY EPS reported
$1.78
revenue$5,276,000,000
- Record Q4 net sales $1.3B (up 1% YoY); net income $137M (+85%); diluted EPS $0.63 (+91%).
- Record full-year net sales $5.3B (+2%); net income $391M (+45%); Adj. EBITDA $1,116M (+17%); margin 21.2% (+280bps).
- Performance Coatings segment Q4 Adj. EBITDA margin improved to 23.5% (from 22.6%); Mobility Coatings margin expanded to 16.4% (from 13.2%).
- Net leverage improved to 2.5x from 2.9x; cash $593M; liquidity $1.4B; paid down $105M revolver balance.