Axalta Impresses with Record Results in the Third Quarter of 2024

Axalta has once again achieved remarkable results in an environment shaped by geopolitical uncertainties and macroeconomic challenges. The company reported net sales of USD 1.32 billion in the third quarter, marking the 15th consecutive quarter of sales growth. The adjusted EBITDA reached a new high of USD 291 million, demonstrating Axalta's operational strength and strategy execution. The progress is attributed to targeted measures, including the combination of acquisitions and cost-reduction initiatives. Profit margins were enhanced by lower variable costs and the successful implementation of transformation programs. Notable are Axalta's technological innovations such as Axalta Nimbus and Axalta IRUS Scan. These new products strengthen the company's position in the automotive sector and set standards for color matching and efficiency for workshops. In the Performance Coatings segment, Axalta saw a sales increase of 2%, while the Mobility segment delivered solid results despite a slowing market and production declines. The company benefits from diversification and new business partners in China and Latin America and is well-positioned to tackle challenges in the automotive industry. With a strengthened balance sheet, Axalta signals confidence for the full year 2024 and plans to further accelerate its growth and efficiency strategies. This performance promises positive momentum for 2025, particularly with regard to the A-Plan growth target for 2026.