Axalta Coating Systems Ltd. (AXTA)

Axalta Coating Systems Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	5,244	5,276	5,184	4,884	4,416	3,738
Revenue	5,244	5,276	5,184	4,884	4,416	3,738
Revenue Growth (YoY)	0.96%	1.77%	6.14%	10.59%	18.16%	-16.61%
Cost of Revenue	3,442	3,478	3,566	3,466	2,987	2,458
Gross Profit	1,802	1,798	1,618	1,418	1,429	1,280
Selling, General & Admin	851	856	849	771	738	694.9
Research & Development	73	74	74	66	62.4	55.2
Other Operating Expenses	-3	-	-15	3	-5	-0.5
Operating Expenses	1,015	1,022	996	965	916.8	862.8
Operating Income	787	776	622	453	512.1	416.9
Interest Expense	-212	-221	-223	-160	-151.1	-162.8
Currency Exchange Gain (Loss)	8	5	-13	5	16.6	7.8
Other Non Operating Income (Expenses)	20	20	22	3	3.8	6
EBT Excluding Unusual Items	603	580	408	301	381.4	267.9
Merger & Restructuring Charges	-35	-79	-28	-29	-43.8	-105.6
Asset Writedown	-	-	-15	-	-0.8	-5.7
Other Unusual Items	-2	-5	-10	-15	3.7	-34.4
Pretax Income	566	496	355	257	340.5	122.2
Income Tax Expense	115	105	86	65	76.1	0.2
Earnings From Continuing Operations	451	391	269	192	264.4	122
Minority Interest in Earnings	-2	-	-2	-	-0.5	-0.4
Net Income	449	391	267	192	263.9	121.6
Net Income to Common	449	391	267	192	263.9	121.6
Net Income Growth	81.78%	46.44%	39.06%	-27.25%	117.02%	-51.17%
Shares Outstanding (Basic)	219	219	221	222	231	235
Shares Outstanding (Diluted)	220	220	222	222	232	236
Shares Change (YoY)	-0.80%	-0.68%	-0.18%	-4.14%	-1.74%	0.08%
EPS (Basic)	2.05	1.78	1.21	0.87	1.14	0.52
EPS (Diluted)	2.05	1.78	1.21	0.86	1.14	0.52
EPS Growth	83.38%	47.33%	40.48%	-24.56%	120.50%	-51.23%
Free Cash Flow	407	436	437	143	437	427.2
Free Cash Flow Per Share	1.85	1.98	1.97	0.64	1.88	1.81
Gross Margin	34.36%	34.08%	31.21%	29.03%	32.36%	34.24%
Operating Margin	15.01%	14.71%	12.00%	9.28%	11.60%	11.15%
Profit Margin	8.56%	7.41%	5.15%	3.93%	5.98%	3.25%
Free Cash Flow Margin	7.76%	8.26%	8.43%	2.93%	9.89%	11.43%
EBITDA	1,005	992	834	697	828.6	727.7
EBITDA Margin	19.16%	18.80%	16.09%	14.27%	18.76%	19.47%
D&A For EBITDA	218	216	212	244	316.5	310.8
EBIT	787	776	622	453	512.1	416.9
EBIT Margin	15.01%	14.71%	12.00%	9.28%	11.60%	11.15%
Effective Tax Rate	20.32%	21.17%	24.22%	25.29%	22.35%	0.16%

Updated May 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q