- Axalta’s fourth quarter adjusted earnings per share (EPS) exceeded expectations at $0.60, compared to $0.43 in the previous year, beating the estimate of $0.51.
- Net sales were $1.31 billion, marking a 1.1% increase year-over-year, slightly above the estimate of $1.3 billion.
- Performance Coatings net sales were down 0.7% year-over-year at $843 million, below the estimated $863 million.
- Mobility Coatings net sales saw a 4.2% increase year-over-year to $468 million, surpassing the estimate of $439.9 million.
- Adjusted EBIT was $215 million, an 18% rise compared to the previous year, outperforming the estimate of $203.2 million.
- Performance Coatings adjusted EBIT grew by 3.6% year-over-year to $134 million.
- Mobility Coatings adjusted EBIT significantly increased by 44% year-over-year, reaching $57 million.
- Adjusted EBITDA was $275 million, up 9.6% year-over-year, slightly higher than the estimate of $272.2 million.
- Capital expenditure amounted to $62.0 million, above the estimated $56.9 million.
- The company received 13 buy recommendations, 7 hold recommendations, and no sell recommendations from analysts.
Axalta Coating Systems on Smartkarma
Analysts on Smartkarma, like Baptista Research, have provided positive coverage on Axalta Coating Systems. In their report “Axalta Coating Systems: Global Economic Factors,” Baptista Research highlighted the company’s strong third-quarter performance in 2024. With net sales and adjusted EBITDA showing significant growth, Axalta demonstrated operational efficiency and strategic expansion. Despite challenges in the macroeconomic environment, the company’s net sales reached $1.32 billion, marking consistent growth over 15 consecutive quarters.
Furthermore, in the report “Axalta Coating Systems Ltd.: Expansion into New Markets & 4 Other Factors Driving Growth! – Financial Forecasts,” Baptista Research discussed Axalta’s record-breaking results for the second quarter of 2024. The company reported a 4% increase in net sales, reaching $1.35 billion, and saw a notable rise in volumes across all end markets. Additionally, adjusted EBITDA showed significant growth, reflecting improved margins and strong financial performance amidst challenging market conditions.
A look at Axalta Coating Systems Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts at Smartkarma have provided a comprehensive overview of the long-term outlook for Axalta Coating Systems based on their Smart Scores. The company received a solid score of 3 for its overall value, indicating a positive assessment in this area. Additionally, Axalta Coating Systems scored a high 4 for growth potential, suggesting optimistic prospects for future expansion and development within the market.
However, it is worth noting that the company scored lower in other areas, such as dividends with a score of 1, resilience with a score of 2, and momentum with a score of 3. These scores may indicate potential challenges in terms of dividend payouts, ability to withstand market volatility, and maintaining consistent growth momentum.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
