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 |
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 |