Axalta Coating Systems Ltd (N:AXTA)

Sector:  Basic Materials Industry:  Commodity Chemicals
 
See Regulatory Filings on SEC
Company Contact
Address: 1050 Constitution Avenue
PHILADELPHIA PA 19112
Tel: 1-484-7244099
Website: https://www.axalta.com/corporate/en_US.html
IR: See website
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Key People
Chris Villavarayan
President, Chief Executive Officer, Director
Carl Douglas Anderson
Chief Financial Officer, Senior Vice President
Jacqueline D. Scanlan
Chief Human Resource Officer, Senior Vice President
Alex Tablin-wolf
Senior Vice President, General Counsel, Company Secretary
Hadi H. Awada
Senior Vice President - Global Mobility Coatings
Shelley J. Bausch
Senior Vice President - Global Industrial Coatings
Troy D. Weaver
Senior Vice President of Global Refinish
   
Business Overview
Axalta Coating Systems Ltd. is a manufacturer, marketer and distributor of coatings systems. The Company operates through two segments. Its Performance Coatings segment provides sustainable liquid and powder coating solutions to both large regional and global customers and to a fragmented and local customer base. It develops, markets and supplies a complete portfolio of coatings systems and color matching technologies. Its Mobility Coatings segment provides coating technologies for light vehicle and commercial vehicle original equipment manufacturers (OEMs). Its key products consist of the four main coatings layers: electrocoat (AquaEC), primer (HyperDur), basecoat (ChromaDyne) and clearcoat (Lumeera). The Company's industrial brands include Abcite, Alesta, Audurra, Centari, Ceranamel, Challenger, Chemophan, ColorNet, Corlar, Cromax, Cromax Mosaic, Durapon 70, Duxone, Harmonized Coating Technologies, Imron, Imron Elite, Imron ExcelPro, Lutophen, Nap-Gard, Nason, Raptor and others.
Financial Overview
For the fiscal year ended 31 December 2023, Axalta Coating Systems Ltd revenues increased 6% to $5.18B. Net income increased 40% to $267.4M. Revenues reflect Mobility Coatings segment increase of 14% to $1.78B, Performance Coatings segment increase of 2% to $3.41B, EMEA segment increase of 11% to $1.78B, Latin America segment increase of 13% to $589.4M. Net income benefited from Amortization of acquired intangibles decrease of 29% to $88.5M
Employees: 12,000 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $9,690M as of Dec 31, 2023
Annual revenue (TTM): $5,184M as of Dec 31, 2023
EBITDA (TTM): $911.00M as of Dec 31, 2023
Net annual income (TTM): $267.40M as of Dec 31, 2023
Free cash flow (TTM): $437.40M as of Dec 31, 2023
Net Debt Last Fiscal Year: $2,804M as of Dec 31, 2023
Shares outstanding: 220,140,111 as of Feb 8, 2024
Index Membership: S&P 400 Mid Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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