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Jun 30, 2024
Axalta Q2 2024 Earnings Report
Axalta's Q2 2024 financial performance was released, demonstrating strong growth and profitability.
Key Takeaways
Axalta Coating Systems reported a strong second quarter in 2024, with record net sales of $1.35 billion, a 4.4% increase year-over-year. Net income rose to $113 million, and adjusted EBITDA reached a record $291 million, with margin expansion. The company raised its full-year earnings and free cash flow outlook.
Net sales increased by 4.4% year-over-year reaching $1.35 billion.
Net income increased $52 million year over year to $113 million.
Adjusted EBITDA increased $64 million year over year to $291 million, with Adjusted EBITDA margin improving to 21.5%.
Diluted EPS increased 89% year over year to $0.51, and Adjusted Diluted EPS increased 63% year over year to $0.57.
Axalta
Axalta
Axalta Revenue by Segment
Revenue by Segment
Performance Coatings Revenue
CapyFin.comMobility Coatings Revenue
CapyFin.com Forward Guidance
Axalta raised its full year 2024 Adjusted EBITDA, Adjusted Diluted EPS and Free Cash Flow guidance.
Positive Outlook
- Net Sales YoY%: Flat to +LSD%
- Adjusted EBITDA: ~$275 million
- Adjusted EBITDA: ~$1,090 - $1,100 million
- Adjusted Diluted EPS: ~$0.50
- Free Cash Flow: $475 - $500 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income