Axalta Coating Systems Ltd. (AXTA) is a global leader in the manufacturing, marketing, and distribution of high-performance coatings systems. With over 150 years of expertise, the company provides innovative and sustainable coating solutions to customers in more than 140 countries. Axalta's products serve diverse industries, including automotive, industrial manufacturing, and commercial vehicles, supported by advanced technology and a strong global presence.
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Performance Coatings - Offers high-quality liquid and powder coatings to a wide range of customers, including independent body shops and industrial manufacturers.
- Refinish - Supplies coatings for vehicle repair and repainting with precise color matching and durability.
- Industrial - Provides coatings for various industrial applications, ensuring sustainability and performance.
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Mobility Coatings - Delivers advanced coatings technologies for light vehicle and commercial vehicle original equipment manufacturers (OEMs).
- Light Vehicle - Focuses on coatings for passenger cars, addressing trends like electrification and personalization.
- Commercial Vehicle - Supplies coatings for trucks, buses, and other commercial vehicles, emphasizing efficiency and environmental responsibility.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Chris Villavarayan ExecutiveBoard | Chief Executive Officer and President | Director of Franklin Electric; Director of Focus: HOPE | Chris Villavarayan has been the Chief Executive Officer and President of Axalta since January 1, 2023. He also serves on Axalta's Board of Directors and brings extensive leadership experience from his previous executive roles at Meritor, Inc. until October 2022. | View Report → |
Alex Tablin-Wolf Executive | Senior Vice President, General Counsel & Corporate Secretary | Alex Tablin-Wolf has served as Senior Vice President, General Counsel & Corporate Secretary at Axalta since January 2024. Previously, he served as Vice President and Associate General Counsel since January 2017 and has a background as a corporate attorney at Blank Rome LLP and Fox Rothschild LLP. | ||
Amy Tufano Executive | Senior Vice President and Chief Human Resources Officer | Amy Tufano is the Senior Vice President and Chief Human Resources Officer at AXTA since September 2023. She joined AXTA in 2021 as Vice President of Human Resources for the global Operations and Technology organizations, and has held previous HR leadership roles at Campbell Soup Company and Northrop Grumman. | ||
Carl D. Anderson II Executive | Senior Vice President and Chief Financial Officer | Carl D. Anderson II is the Senior Vice President and Chief Financial Officer at Axalta since August 14, 2023, and has held senior roles including CFO at XPO, Inc. and Meritor, Inc. | View Report → | |
Hadi H. Awada Executive | President, Global Mobility Coatings | Hadi H. Awada is the President, Global Mobility Coatings at AXTA since January 2024, and previously served as Senior Vice President, Global Mobility Coatings from October 2020 to January 2024. | ||
Tim Bowes Executive | President, Global Industrial Coatings | Tim Bowes is currently serving as President, Global Industrial Coatings at AXTA since January 27, 2025. He previously served as Senior Vice President and Chief Transformation Officer from March 2023 until his current appointment. | ||
Troy D. Weaver Executive | President, Global Refinish | Chairman of the Board of CIECA | Troy D. Weaver is the President, Global Refinish at Axalta Coating Systems since January 2024, having previously served as Senior Vice President and Vice President in various refinish roles at the company. He is also known for his role as Chairman of the Board of CIECA. | |
Deborah J. Kissire Board | Member of the Board of Directors | Board Member at Cable One, Inc.; Board Member at Celanese Corporation; Board Member at Omnicom Group Inc. | Deborah J. Kissire has served as a board member at Axalta since December 2016 while also holding key committee roles such as Chair of the Nominating & Corporate Governance Committee and Compensation Committee. She has an extensive background with Ernst & Young and actively serves on the boards of Cable One, Inc.; Celanese Corporation; and Omnicom Group Inc.. | |
Jan Bertsch Board | Board Member | Chair of the Board of Directors at BWX Technologies, Inc.; Board Member at Regal Rexnord Corporation | Jan Bertsch has served as a Board Member at Axalta Coating Systems since September 13, 2022 and is an Audit Committee Member set to become Chair in June 2024. She has extensive experience in finance and IT, having previously held executive roles such as CFO at O-I Glass and Executive VP & CFO at Sigma-Aldrich. | |
Kevin M. Stein Board | Director | CEO of TransDigm Group Incorporated; Trustee for Cleveland Institute of Music; Trustee for Gilmour Academy | Kevin M. Stein has been a Director at Axalta since September 1, 2023. He is also the President and CEO of TransDigm Group Incorporated since April 2018 and has held several senior leadership roles at companies such as Precision Castparts Corporation and Cooper Industries. | |
Mary S. Zappone Board | Independent Director | CEO of Sundyne LLC | Mary S. Zappone is an experienced leader with extensive expertise in the industrial and automotive sectors. She has served as CEO of Sundyne LLC since July 2021 and joined AXTA's Board as an independent director on October 25, 2023. | |
Rakesh Sachdev Board | Non-Executive Board Chair | Chairman of the Board at Regal Rexnord Corporation ; Board Member at Edgewell Personal Care Company ; Board Member at Herc Holdings Inc. ; Senior Advisor at New Mountain Capital | Rakesh Sachdev has been on AXTA’s board since August 2020. He served as Interim CEO and President from August 31, 2022 to December 31, 2022 before assuming his current role as Non-Executive Board Chair on January 1, 2023. | |
Samuel L. Smolik Board | Board Director, Chair of the Environment, Health, Safety & Sustainability Committee | Board Member of Evergreen North America Industrial Services; Board Member of Ducks Unlimited, Inc.; Board Member of Ducks Unlimited de Mexico; Member of University of Texas at Austin Engineering Advisory Board | Samuel L. Smolik has served on Axalta’s Board of Directors since September 2016 and as the Chair of the Environment, Health, Safety & Sustainability Committee since February 2017, bringing extensive experience from previous leadership roles at LyondellBasell Industries, Royal Dutch Shell, and The Dow Chemical Company. He is recognized for his expertise in operations, sustainability, and safety within the oil, petrochemicals, and coatings industries. | |
Tyrone M. Jordan Board | Independent Director | Tyrone M. Jordan has served as an independent director on the board of Axalta Coating Systems Ltd since June 2021, leveraging extensive leadership experience from his previous roles at DURA Automotive Systems, General Motors, and United Technologies Corporation. He offers his expertise in global operations, sustainability, and governance to support Axalta’s strategic initiatives. | ||
William M. Cook Board | Director | Member of the Board at Mativ Holdings, Inc.; Director at Virginia Tech Corps of Cadets Advisory Board | William M. Cook has served as a Director at AXTA since May 2019, acting also as an Audit Committee Member and Chair of the Compensation Committee. He brings extensive leadership experience from his 35-year tenure at Donaldson Company, Inc. and other executive roles, strengthening his governance expertise at AXTA. |
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Your free cash flow for 2024 was below prior guidance due to higher working capital, particularly from decreased accounts payable and receivables timing. How confident are you in achieving your 2025 free cash flow target of $500 million, and what specific actions are you taking to address the working capital challenges?
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In Refinish, you've acknowledged that industry volumes may be flat to down in 2025, yet you're targeting record net sales. Given the challenging macroeconomic environment and potential structural changes in the market, what gives you confidence in your growth projections, and how are you mitigating the risks of prolonged market weakness?
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You've achieved significant margin expansion in Mobility Coatings, doubling adjusted EBITDA margins in two years. Considering potential headwinds from tariffs and global trade uncertainties, do you expect to sustain this margin improvement, and what strategies are in place to manage potential cost increases and demand impacts?
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With your rapid progress towards the 2026 A Plan targets, achieving key goals ahead of schedule, what are your plans for setting new multiyear targets, and how will you maintain momentum in margin expansion and growth, especially if macro conditions remain challenging?
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Your transformation initiative is expected to deliver $30 to $40 million in cost savings in 2025. If macroeconomic conditions worsen or tariffs have a greater-than-expected impact, what additional levers can you pull to further reduce costs or protect margins, and are there risks to achieving these savings?
Research analysts who have asked questions during Axalta Coating Systems earnings calls.
Aleksey Yefremov
KeyBanc Capital Markets
4 questions for AXTA
John McNulty
BMO Capital Markets
4 questions for AXTA
Vincent Andrews
Morgan Stanley
4 questions for AXTA
Christopher Parkinson
Wolfe Research
3 questions for AXTA
John Ezekiel Roberts
Mizuho Securities
3 questions for AXTA
Michael Leithead
Barclays
3 questions for AXTA
Michael Sison
Wells Fargo
3 questions for AXTA
David Begleiter
Deutsche Bank
2 questions for AXTA
Ghansham Panjabi
Robert W. Baird & Co.
2 questions for AXTA
Jeffrey Zekauskas
JPMorgan Chase & Co.
2 questions for AXTA
Kevin McCarthy
Vertical Research Partners
2 questions for AXTA
Michael Harrison
Seaport Research Partners
2 questions for AXTA
Steve Byrne
Bank of America
2 questions for AXTA
Chris Parkinson
Wolfe Research, LLC
1 question for AXTA
Duffy Fischer
Goldman Sachs
1 question for AXTA
Josh Spector
UBS Group
1 question for AXTA
Joshua Spector
UBS
1 question for AXTA
Josh Vesely
Baird
1 question for AXTA
Laurent Favre
BNP Paribas
1 question for AXTA
Matthew Deyoe
Bank of America
1 question for AXTA
Matthew Krueger
Baird
1 question for AXTA
Patrick Cunningham
Citigroup
1 question for AXTA
Patrick Fischer
Goldman Sachs
1 question for AXTA
Rock Hoffman Blasko
Bank of America
1 question for AXTA
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
AkzoNobel | In the refinish end-market, the company competes against multi-national suppliers and local players, including this competitor, which is also a key competitor in the industrial end-market. |
BASF | This competitor is mentioned as a primary competitor in both the refinish and industrial end-markets, as well as in the light and commercial vehicle end-markets. |
This competitor is highlighted as a major player in the refinish, industrial, and light and commercial vehicle end-markets, competing with the company globally. | |
This competitor is identified as a key player in the refinish and industrial end-markets, alongside other multi-national and regional suppliers. |
| Customer | Relationship | Segment | Details |
|---|---|---|---|
Largest Single Customer | Critical revenue contributor; potential loss poses significant risk | All | Accounts for 5% of 2024 net sales |
Largest Distributor | Key distribution channel; consolidation could affect negotiating power | All | Accounts for 3% of 2024 net sales |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
The CoverFlexx Group | 2024 | Axalta acquired The CoverFlexx Group for an initial cash consideration of $285 million (with a potential total of $290 million including a $10 million earnout) on May 13, 2024, completing the deal on July 2, 2024, to strengthen its position in the refinish economy customer segment by adding coatings expertise for automotive refinish and aftermarket applications, along with key assets like manufacturing facilities and over 120 employees. |
U-POL Holdings Limited | 2021 | Completed on September 15, 2021, Axalta purchased U-POL for approximately $619.8 million, funded by cash on the balance sheet, thereby expanding its leadership in the refinish coatings segment and adding capabilities in the mainstream and economy refinish as well as the DIY aftermarket; the deal also included significant identifiable intangible assets and goodwill, with expected annual synergies of $10 million. |
Anhui Shengran Insulating Materials Co. Ltd. | 2021 | Axalta acquired Anhui Shengran Insulating Materials Co. Ltd. on April 1, 2021, integrating this producer of wire enamels for electric motors into its Performance Coatings segment and Energy Solutions business to enhance local manufacturing capacity and cost effectiveness, with a contingent consideration fair-valued at $7.3 million. |
Recent press releases and 8-K filings for AXTA.
- Q1 2025 Adjusted EBITDA of $270M increased by 4% YoY with adjusted diluted EPS of $0.59, marking multiple consecutive quarters of growth .
- Generated net sales of $1.26B with constant currency performance remaining flat, reflecting mixed segment dynamics including a slight decline in Refinish and improvements in Light Vehicle and Mobility segments .
- Achieved net income of $99M (up 154% YoY; 7.8% margin) along with a 140 basis point margin expansion .
- Updated guidance with a Q2 Adjusted EBITDA forecast of $280–$290M and full-year net sales guidance between $5.3B and $5.375B amid weak macro trends .
- Highlighted segment performance with Performance Coatings net sales of $822M and Mobility Coatings Adjusted EBITDA of $73M .
- Emphasized continued capital allocation efforts through increased capital expenditures, share repurchases, and selective M&A as part of its A Plan strategy .