AI brief of an SEC Form 8-K · Axalta (AXTA)

Axalta Q2 2024 net sales rise 4.4% to $1.35 billion; full-year guidance raised

Positive Impact 4 of 5 earnings Written later

Axalta reported second-quarter 2024 net sales up 4.4% year over year to $1.35 billion, net income up $52 million to $113 million, and diluted EPS of $0.51 versus $0.27 a year earlier. The company raised its full-year 2024 Adjusted EBITDA, Adjusted Diluted EPS and Free Cash Flow guidance, which matters to shareholders because it signals the company expects stronger earnings and cash flow for the year.

Key points

  • Q2 net sales of $1.35 billion, up 4.4%; Adjusted EBITDA of $291 million, a quarterly record, with a 21.5% margin
  • Diluted EPS of $0.51 versus $0.27; Adjusted Diluted EPS of $0.57, up 63%
  • Full-year 2024 Adjusted EBITDA projected at about $1,090 million to $1,100 million; Adjusted Diluted EPS about $2.05
  • Q2 operating cash flow of $114 million; $185 million revolver draw to fund the CoverFlexx acquisition; $50 million of shares repurchased

The filing

CompanyAxalta (AXTA)
Form8-K, current report
Filed with the SECAug 1, 2024, 6:02 AM ET
Accession number0001616862-24-000054

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 01, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.