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Recap: Axalta Coating Systems Q2 Earnings

Benzinga Insights
·1 min read

Shares of Axalta Coating Systems (NYSE:AXTA) were unchanged after the company reported Q2 results.

Quarterly Results

Earnings per share fell 128.85% year over year to ($0.15), which missed the estimate of ($0.11).

Revenue of $652,700,000 decreased by 43.64% from the same period last year, which beat the estimate of $627,080,000.

Looking Ahead

Axalta Coating Sys hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Jul 29, 2020

View more earnings on AXTA

Time: 10:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=http%3A%2F%2Fir.axaltacs.com%2Finvestors%2Fevents%2Fevent-details%2F2020%2FAxalta-Second-Quarter-2020-Earnings-Call%2Fdefault.aspx&eventid=2403245&sessionid=1&key=A9DC700B2D7EFAD33E08223006EA7DAE&regTag=&sourcepage=register

Price Action

52-week high: $32.20

52-week low: $12.92

Price action over last quarter: Up 24.72%

Company Overview

Axalta Coating Systems Ltd manufactures, markets and distributes performance coating and transportation coating systems. It operates in two segments. The Performance Coatings segment, which is the key revenue driver, provides liquid and powder coatings solutions to a fragmented and local customer base. Its end-markets include refinish and industrial. The Transportation Coatings segment relates to the provision of coating technologies to original equipment manufacturers of light and commercial vehicles. The company operates in the geographic areas of North America, EMEA countries, Asia-Pacific and Latin America.

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