Axalta Coating Systems: Fourth Quarter Earnings Overview

Axalta Coating Systems Announces Fourth-Quarter Financial Results

Axalta Coating Systems Ltd., headquartered in Philadelphia, reported a net profit of $60 million for the fourth quarter.

The company’s earnings translated to $0.28 per share, while adjusted earnings, which exclude one-time expenses, reached $0.59 per share.

These adjusted earnings fell short of analysts’ expectations, as a consensus of six experts polled by Zacks Investment Research had predicted $0.61 per share.

Axalta’s revenue for the quarter was $1.26 billion, aligning with projections from Wall Street.

Looking at the full year, Axalta posted a total profit of $378 million, or $1.74 per share, with annual revenue totaling $5.12 billion.

For the upcoming quarter ending in March, the company anticipates earnings of $0.50 per share.

Axalta projects its earnings for the entire year to fall between $2.55 and $2.70 per share.

Since the start of the year, Axalta’s stock price has increased by nearly 6%, though it has experienced an 8% decline over the past year.