Axalta Coating Systems Full Year 2024 Earnings: EPS Beats Expectations

Axalta Coating Systems (NYSE:AXTA) Full Year 2024 Results

Key Financial Results

• Revenue: US$5.28b (up 1.8% from FY 2023).
• Net income: US$391.0m (up 46% from FY 2023).
• Profit margin: 7.4% (up from 5.2% in FY 2023).
• EPS: US$1.78 (up from US$1.21 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Axalta Coating Systems EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.0%.

The primary driver behind last 12 months revenue was the Performance Coatings segment contributing a total revenue of US$3.46b (65% of total revenue). Notably, cost of sales worth US$3.48b amounted to 66% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$871.0m (62% of total expenses). Explore how AXTA's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Chemicals industry in the US.

Performance of the American Chemicals industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Axalta Coating Systems that you need to take into consideration.

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