Axalta Q2 Sales and Adjusted EPS Top Estimates, Issues Upbeat Guidance
AXTA sits 40% above its 52-week low of $24.937.
Summary
Axalta delivered a clean Q2 beat with sales of $1.35B and adjusted EPS of $0.72, both above consensus. The beat was driven by favorable price mix, acquisitions, and stronger commercial vehicle volumes. Management guided Q3 sales growth in low single digits and adjusted EBITDA of $295M-$305M, with full-year adjusted EPS seen at $2.55-$2.70. This follows the ongoing AkzoNobel merger process, with shareholder votes set for August 5. The results and outlook reinforce the standalone strength ahead of the merger, and the stock is trading near its 52-week high.
At the time of this announcement, AXTA was trading at $34.93 on NYSE in the Manufacturing sector, with a market capitalization of approximately $7.2B. The 52-week trading range was $24.94 to $35.72. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.