Axalta Q4 2024 Earnings Report
Key Takeaways
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.
Axalta
Axalta
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.
Positive Outlook
- 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