Axalta (NYSE: AXTA) has won a 2023 R&D 100 award in the Mechanical and Materials category. Axalta’s next generation Imron is a coating technology that delivers sustainability benefits and improves production cycle time for transportation customers. “We are thrilled to once again accept a prestigious R&D 100 award,” said Robert Roop, Axalta’s Chief Technology Officer. […]
Axalta Releases 2020-2022 Sustainability Report
Axalta Coating Systems (NYSE: AXTA) released its 2020-2022 Sustainability Report, citing progress on its 2030 goals and reaffirming its commitment to a sustainable future. The report is available to download. Axalta is advancing toward achievement of its 2030 ESG goals addressing emissions, waste, water, diversity, community investment, governance, and more. The company’s strategy focuses on […]
Axalta Reports Sales Up 4.8% in Second Quarter
Axalta Coating Systems Ltd. (NYSE:AXTA) today announced net sales $1.2939 billion in the second quarter ended June 30, up 4.8% year-over-year (YoY) from $1.2349 billion last year. The result was driven by a 6.8% higher average price mix and a 1.6% benefit resulting from the absence of the commercial agreement restructuring charge incurred in Q2 […]
Carl Anderson Appointed Senior Vice President and Chief Financial Officer at Axalta
Axalta Coating Systems Ltd. (NYSE:AXTA) announced that Carl Anderson has been appointed Senior Vice President and Chief Financial Officer (CFO), effective August 14. Anderson will succeed Sean Lannon, who will be leaving the Company to pursue other opportunities. Anderson is a seasoned financial executive with decades of corporate strategy and financial leadership experience in the […]
Axalta Launches Fully Automated Mixing Machine
System will be launched across Europe in June, followed by global rollout. Axalta Coating Systems (NYSE:AXTA) announced the launch of Axalta Irus Mix, a fast and efficient fully automated and completely hands-free mixing machine for the automotive refinish industry. Axalta Irus Mix delivers highly accurate color and works with Axalta’s packaging to maximize profitability and […]
Axalta Reports Sales Up 9.4% in First Quarter Compared to Last Year
Refinish sales and volumes both up in the quarter. Axalta Coating Systems Ltd. (NYSE:AXTA) announced net sales increased 9.4% year-over-year, and 12.1% excluding the impact of foreign exchange (FX) rates, for the first quarter ended March 31. The strong growth was driven by 9.4% higher average price mix and 2.7% better volumes, offset by a […]
Mitchell Partners with Axalta to Launch Educational Training Program for Commercial Truck Collision Repair
Companies introduce course on best practices for estimating and paint refinishing at HD Repair Forum. Mitchell, an Enlyte company, today announced it is collaborating with Axalta Coating Systems to introduce a new training program, Truck Fleet Damage Analysis and Estimating, that provides repairers with instruction on how to streamline the appraisal process for collision-damaged medium- […]
Axalta 2022 Sales Up Over 10% Compared to 2021
Axalta Coating Systems Ltd. (NYSE:AXTA) announced its net sales for the fourth quarter ended December 31, 2022, increased 8.7% year-over-year, including a 5.4% foreign currency headwind. The strong year-over-year growth was driven by 11.7% higher average price-mix, and 2.4% better volumes. Performance Coatings net sales, which includes Refinish, increased 1.8% year-over-year, driven by constant currency growth of […]
Axalta Named Preferred Paint Partner at 57 Steer Automotive Group UK Sites
Axalta (NYSE:AXTA) announced it signed a multi-year agreement with Steer Automotive Group, the UK’s largest independently owned vehicle repair organization. Under the terms of the agreement, Axalta is the single preferred paint partner, supplying its premium refinish brand Standox to Steer Automotive Group’s 57 UK sites. “This new partnership demonstrates our shared goals of building […]
Chris Villavarayan Named Chief Executive Officer and President at Axalta
Rakesh Sachdev to Become Non-Executive Board Chair. Axalta Coating Systems Ltd. (NYSE:AXTA) announced the appointment of Chris Villavarayan as Chief Executive Officer and President and a member of the company’s Board of Directors, effective January 1, 2023. At that time, Rakesh Sachdev, who has served as interim CEO and President, will succeed Bill Cook as […]
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