NYSE$AXTA

Axalta Coating Systems · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Axalta's Q4 2024 financial performance was marked by record net sales and adjusted EBITDA, driven by consistent outperformance in Refinish and Light Vehicle segments, and excellent execution across the company.

Axalta Coating Systems reported record fourth-quarter net sales of $1.3 billion. Net income increased 85% year over year to $137 million, and Adjusted EBITDA increased by 10% to $275 million. Diluted EPS increased 91% to $0.63, and Adjusted Diluted EPS increased 30% to $0.60.

  • Record fourth quarter net sales of $1.3 billion.
  • Net income increased 85% year over year to $137 million, with net income margins of 10.5%.
  • Record fourth quarter Adjusted EBITDA of $275 million.
  • Diluted EPS increased 91% to $0.63 and Adjusted Diluted EPS increased 30% to $0.60.

Headline financials

Total Revenue

$1.31B

Previous: $1.3B+1.1%
EPS (adj)

$0.60

Previous: $0.43+39.5%
Net Income Margin

10.5%

No prior period
Adjusted EBITDA Margin

21.0%

No prior period
Adjusted EBITDA

$275M

No prior period
Capital Expenditures

-$62M

Previous: -$32.6M-90.2%
Net Income

$137M

Previous: $73.6M+86.1%
Operating Income

$187M

Previous: $161M+16.0%
Gross Profit

$447M

Previous: $424M+5.5%
R&D Expense

$19M

Previous: $17.8M+6.7%

Revenue & EPS history

Axalta · Revenue · Quarterly

$1.31B

Q4 2024+1.1%vs Q4 2023
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Axalta · $1.31B total across 2 segments · Q3 2023

  • Performance Coatings
    $856M
  • Mobility Coatings
    $453M

Forward guidance

Axalta anticipates flat net sales year-over-year and Adjusted EBITDA of approximately $265 million for Q1 2025. For FY 2025, the company projects net sales between $5.35 billion and $5.40 billion, Adjusted EBITDA between $1.15 billion and $1.175 billion, and Adjusted Diluted EPS between $2.50 and $2.60.

Tailwinds

  • Net Sales YOY Flat
  • Net Sales $5,350 - $5,400 million
  • Adjusted EBITDA ~$265 million
  • Adjusted EBITDA $1,150 - $1,175 million
  • Adjusted Diluted EPS $2.50 - $2.60

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

+1.2%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+2.7%

Avg return

30 days after

60%

29 / 48 earnings

Positive

+14.1%

Q3 2017

Best reaction

-11.1%

Q2 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+8.8%-3.7%+9.1%
Q4 2025+0.6%-0.2%-18.6%
Q3 2025+2.3%-2.0%+2.4%
Q1 2025-4.7%-1.7%-7.7%
Q4 2024+8.3%+6.0%+0.9%
Q3 2024+7.1%+7.5%+14.3%
Q2 2024-1.2%-4.5%+2.4%
Q1 2024+10.8%+12.8%+13.2%
Q4 2023-3.7%-5.8%+1.8%
Q3 2023+10.6%+11.9%+22.7%
Q2 2023-7.8%-9.5%-11.6%
Q1 2023-5.3%-4.0%-5.0%
Q4 2022+4.5%+7.3%+5.6%
Q3 2022+1.1%+1.2%+13.6%
Q2 2022-5.4%-3.0%-0.2%
Q1 2022+5.5%+2.0%+4.0%
Q4 2021+0.7%-7.5%-12.6%
Q3 2021-3.2%-4.6%-0.4%
Q2 2021+4.3%+3.9%+7.8%
Q1 2021-0.2%-1.9%-3.0%
Q4 2020+1.7%+6.8%+8.1%
Q3 2020+4.3%+2.4%+10.1%
Q2 2020-3.4%-3.0%+5.6%
Q1 2020-3.6%+2.5%+28.1%
Q4 2019+2.5%+5.8%-11.3%
Q3 2019+3.0%+3.9%-1.9%
Q2 2019+2.3%+0.4%-11.4%
Q1 2019-3.3%-1.9%-11.5%
Q4 2018+0.3%+1.0%+5.6%
Q3 2018-0.6%-4.0%-1.1%
Q2 2018+1.7%+1.1%+0.6%
Q1 2018+3.5%+4.0%+9.1%
Q4 2017+1.5%+2.5%+9.0%
Q3 2017+14.1%+14.4%+24.6%
Q2 2017-11.1%-10.5%-7.2%
Q1 2017-0.7%-1.8%-1.4%
Q4 2016+0.3%+1.0%+6.4%
Q3 2016-1.3%-1.0%+4.7%
Q2 2016+1.4%-0.1%-1.2%
Q1 2016-4.2%
Q4 2015+7.8%
Q3 2015-0.2%
Q2 2015-3.3%
Q2 2014-3.3%
Q1 2014+4.2%
Q4 2014+4.2%
Q1 2015+4.8%
Q3 2014+3.9%
Q4 2013
Q3 2013
Q2 2013
Q1 2013

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