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Featured Investor News
Axalta Confirms Discussions with AkzoNobel Regarding Potential Merger of Equals Transaction
“Axalta today confirmed that it is engaged in discussions with AkzoNobel regarding a potential merger of equals transaction between Axalta and Akzo’s Paints & Coatings business. Axalta will pursue such a transaction only if its Board of Directors determines that it is in the best interest of Axalta to do so. There can be no assurances that a definitive agreement between the parties will be reached or on what terms.”
Axalta Releases Third Quarter 2017 Results
Third Quarter 2017 Highlights:
• Net sales of $1,091.8 million, up 7.0% as-reported and 5.1% on a constant currency basis versus Q3 2016
• Net income and Adjusted EBITDA impacted by lower volumes in Performance Coatings and by recent natural disasters and higher raw material costs, partly offset by acquisition contribution
• Operating cash flow of $212.3 million and free cash flow of $182.5 million in Q3 versus $145.3 million and $114.8 million, respectively, in the same quarter last year
• Repurchased $50.1 million in Axalta stock at average price of $29.05
• Acquisition contributions on track and key integration actions to be largely completed by year-end
Axalta Schedules Third Quarter 2017 Results Conference Call
Axalta Coating Systems Ltd. (NYSE: AXTA) will host a conference call to review its third quarter 2017 financial results at 8:00 a.m. ET on Thursday, October 26, 2017. Charles W. Shaver, Chairman and Chief Executive Officer, and Robert W. Bryant, Executive Vice President and Chief Financial Officer, will review the company's financial performance for the period. A live webcast of the conference call will be available online. The U.S. dial-in phone number for the conference call is 877-407-0784 and the international dial-in number is +1-201-689-8560.For those unable to participate, a replay of the call will be available through November 2, 2017. The U.S. replay dial-in number is 844-512-2921 and the international replay dial-in number is +1-412-317-6671. The replay passcode is 1367 2189.
Axalta Coating Systems Appoints Joseph F. McDougall, President Global Refinish
Joseph F. McDougall has been named Senior Vice President and President, Global Refinish at Axalta Coating Systems (NYSE: AXTA). In this new role at the company, Mr. McDougall will be responsible for Axalta’s global refinish business which provides coatings, application technologies and service and support resources to customers in the collision repair and vehicle aftermarket sectors in more than 130 countries.Read More
Axalta Launches Polyurethane Coatings to Expand Tufcote Industrial Economy Line
Axalta expanded its Tufcote™ brand with the addition of a polyurethane topcoat. The Tufcote LV HG Polyurethane Topcoat is a two-component economy coating designed to provide a high gloss and an extremely durable solvent- and chemical-resistant finish for industrial applications.Read More
Axalta and Mercedes-AMG Petronas Motorsport Celebrate Win at Singapore Grand Prix
Under the lights of the Singapore Marina Bay Street Circuit, the two Silver Arrows of Mercedes-AMG Petronas Motorsport gleamed for two hours as they fought a great 2017 Formula OneTM Singapore Airlines Singapore Grand Prix, which took place on September 17, 2017. Lewis Hamilton won his third consecutive race of the 2017 season, to maintain his lead in the FIA Formula OneTM World Drivers’ Championship and the team’s lead in the FIA Formula OneTM World Constructors’ Championship.Read More
Axalta Introduces Latest Addition to Internal Pipe Coatings Portfolio
Axalta is pleased to introduce its latest addition to the corrosion resistant internal pipe coatings line from the Nap-Gard® Functional Coatings collection. Nap-Gard 7-0015 Tan Internal FBE is a thermosetting epoxy powder designed to pass the Saudi Aramco 09-SAMSS-091 (2011) specification.Read More
Axalta Coats Field Goal Posts for Philadelphia Eagles
Axalta has given the field goal posts at Lincoln Financial Field, home to the Philadelphia Eagles, a new look for the start of the football season with its premier industrial coating. Alesta® Polyester Architectural AE Gloss RAL 1016 in Sulfur Yellow has been selected as the color and product of choice due to its high-performance coverage, durability, and functionality.