Axalta Coating Systems Reports Strong Q4 and Full-Year Results
Philadelphia, PA - Axalta Coating Systems Ltd. (AXTA) announced its fourth-quarter and full-year 2023 financial results, exceeding Wall Street expectations.
Q4 Results:
* Earnings: $137 million ($0.63 per share)
* Adjusted earnings: $0.60 per share
* Revenue: $1.31 billion
Full-Year Results:
* Net income: $391 million ($1.78 per share)
* Revenue: $5.28 billion
Outlook:
* Q1 2024: Earnings per share estimated at $0.54
* Full-Year 2024: Earnings per share projected between $2.50 to $2.60
* Revenue range for 2024: $5.35 billion to $5.4 billion
Axalta Coating Systems shares have risen nearly 3% year-to-date and 7% over the past 12 months.