Disclosure of offer comes in advance of the public U.S. SEC disclosure detailing proposed AkzoNobel-Axalta merger. Akzo Nobel N.V. (AMS: AKZA; OTCMKTS: AKZOY) rejected a conditional, non-binding joint cash bid from Nippon Paint Holdings Co. and The Sherwin-Williams Company that would have broken up the Dutch coatings maker, opting to proceed with its $25 billion […]
Axalta Reports Sales of $1.25 Billion in First Quarter
Axalta Coating Systems Ltd. (NYSE: AXTA) reported first quarter net sales of $1.25 billion, down 1% year-over-year, as the global coatings company beat its own guidance on revenue, adjusted earnings and adjusted earnings per share while delivering record first quarter cash generation. The company posted net income of $91 million, down 8% from the prior […]
AkzoNobel Reports First Quarter Results
AkzoNobel N.V. (AMS: AKZA; OTCMKTS: AKZOY) reported first-quarter 2026 adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of €345 million ($404.2 million) on April 22, a 3% decline as reported but a 7% increase at comparable scope and constant currencies, as the coatings supplier delivered its fourth consecutive quarter of year-over-year margin expansion. Adjusted […]
UK Competition and Markets Authority Opens Comment Period on AkzoNobel-Axalta Merger
The U.K.’s Competition and Markets Authority (CMA) opened a 15-day invitation to comment on April 16 on the proposed $25 billion merger of Akzo Nobel N.V. and Axalta Coating Systems Ltd., the first formal step in the British regulator’s review of a combination that would create the world’s No. 2 coatings company. The CMA is […]
Axalta Wins Three 2026 Edison Awards for Color, AI, and EV Battery Innovations
Axalta Coating Systems (NYSE: AXTA) has won three 2026 Edison Awards, including two Gold honors for the EcoNextJet on-demand vehicle color customization system and the Alesta e-PRO FG Black fire-resistant coating for electric vehicle battery safety, plus a Bronze for the TintMaster AI paint manufacturing platform. The recognitions span three distinct Axalta technologies aimed at […]
Axalta Wins Six Innovation Awards, Including Refinish Waterborne Clearcoat
Axalta Coating Systems (NYSE: AXTA) has received six Business Intelligence Group (BIG) Innovation Awards for products spanning its Refinish, Mobility Coatings, and Industrial Coatings business units. The refinish product recognized was Spies Hecker Permahyd Hi-TEC 8260 Premium Waterborne Clearcoat, which the company said reduces solvent emissions by more than 65 percent compared to conventional clearcoats. […]
Axalta Wins R&D 100 Award for Fast Cure, Low Energy Collision Repair Paint System
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% […]
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