Axalta (NYSE: AXTA) has won a 2025 R&D 100 Award for its Spies Hecker Permasolid Speed-TEC Fast Cure Low Energy collision repair paint system, the coatings manufacturer announced today. The system won in the Mechanical/Materials category. Axalta’s Total Cabinet Coating Solution was also recognized as a finalist in the same category. The award-winning system consists […]
AkzoNobel and Axalta to Merge in $25 Billion All-Stock Deal
Companies project $600 million in cost synergies. Combined entity to serve collision repair, OEM and industrial markets and decorative coatings. AkzoNobel N.V. (AMS: AKZA; OTCMKTS: AKZOY) and Axalta Coating Systems Ltd. (NYSE:AXTA) today announced they have entered into a definitive agreement to combine in an all-stock merger of equals valued at approximately $25 billion. The […]
Axalta Reports Record Profitability Despite Revenue Decline in Third Quarter
Axalta Coating Systems Ltd. (NYSE: AXTA) reported net sales of $1.3 billion for the quarter ended Sept. 30, down 2% year-over-year, as the company achieved record adjusted earnings despite persistent headwinds in its automotive refinish business. The company posted adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $294 million, a quarterly record, with […]
Axalta Reports $1.3 Billion in Second Quarter Sales
Adjusted EBITDA sets new quarterly record. Axalta Coating Systems Ltd. (NYSE: AXTA) reported net sales of $1.3 billion for the quarter ended June 30, down 3% year-over-year, primarily due to volume declines in its Performance Coatings segment that more than offset contributions from the CoverFlexx acquisition and favorable currency translation. Net income decreased by 3% […]
Axalta Partners with Collision Repair Education Foundation to Promote Industry Careers
Company donated $30,000 to Foundation in 2024, sponsored career fair and provides uniforms to promote professionalism. Axalta Coating Systems (NYSE: AXTA) sponsored a Collision Repair Education Foundation (CREF) career fair at West-MEC High School in Phoenix, Ariz. earlier this school year, connecting nearly 200 collision repair, automotive technology and diesel students with potential employers. The […]
Axalta Scientist Lei Qiao Named One of 100 Leading Women in North American Auto Industry
Axalta Coating Systems (NYSE: AXTA) announced that Dr. Lei Qiao, Vice President of Technology, Mobility, has been named as one of the 100 Leading Women in the North American Auto Industry by Automotive News. The award recognizes exceptional female leaders in the automotive field who make major decisions with significant impact at their companies. Dr. […]
Axalta Coating Systems Increases Support of Penn College
Axalta Coating Systems Ltd. (NYSE:AXTA) has expanded its support of Pennsylvania College of Technology in Williamsport, Pa. by committing to an annual $15,000 donation of paint and related supplies for the next five years. This represents an increase from the $7,500 that Axalta has provided annually since 2019 to support the college’s collision repair and […]
Axalta Reports First Quarter Sales of $1.26 Billion
Axalta Coating Systems Ltd. (NYSE:AXTA) reported net sales decreased 3% year-over-year to $1.26 billion in the first quarter of 2025, inclusive of a 3% headwind from foreign currency translation. Contributions from the CoverFlexx acquisition and favorable price-mix were offset by volume declines primarily in Performance Coatings. Net income increased by 154% year over year to […]
Axalta Receives Two Edison Awards
Axalta Irus Scan and MyColor recognized among most innovative new products in the world. Axalta Coating Systems (NYSE: AXTA) announced that it has won two 2025 Edison Awards. Axalta Irus Scan won Silver in the Automotive Materials category and Axalta’s MyColor won Bronze in the Automotive Materials category. This is the seventh consecutive year that […]
ASE April 1 Webinar Examines Color Theory and Spray-Out Techniques
The National Institute for Automotive Service Excellence (ASE) will host a free webinar on Tuesday, April 1 at 4:00 p.m. (EDT) titled Color Theory and Creating Proper Spray-Outs. Matthew Moore from Axalta Coating Systems will present an introduction to the three dimensions of color and other factors necessary for successful color matching. The session will […]
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