Axalta Hosting Strategy Day; Outlining Three-Year Plan for Accelerating Performance
15 Maio 2024 - 9:00AM
Axalta Coating Systems (NYSE: AXTA) (“Axalta”), a leading global
coatings company, today will present its three-year plan (2026
A-Plan) during a Strategy Day that is being held at the company’s
Global Innovation Center. The event and presentation will be
available through a live webcast and replay at ir.axalta.com.
During the event, Axalta will detail its plans to create value
by executing the 2026 A-Plan, which focuses on five growth tenets:
cultural transformation, operational excellence, optimized
portfolio strategy, sustainable innovation, and effective capital
allocation. The plan aims to accelerate performance as the company
targets a number of milestones for 2026, including $500 million in
net sales growth and greater than 60 percent Adjusted Diluted EPS
growth compared to 2023, along with adjusted EBITDA margins that
exceed 21 percent.
“This is an exciting time for Axalta and its shareholders,” said
Chris Villavarayan, Axalta Chief Executive Officer and President.
“We have delivered significant accomplishments to date, but we are
certainly not done. Meaningful changes are already underway, and
during today’s event we will showcase our strategy to accelerate
our performance over the next three years. I am confident that our
plan will enable us to maintain our momentum in the overall
transformation of our business.”
About Axalta Coating Systems
Axalta is a global leader in the coatings industry, providing
customers with innovative, colorful, beautiful, and sustainable
coatings solutions. From light vehicles, commercial vehicles and
refinish applications to electric motors, building facades and
other industrial applications, our coatings are designed to prevent
corrosion, increase productivity, and enhance durability. With more
than 150 years of experience in the coatings industry, the global
team at Axalta continues to find ways to serve our more than
100,000 customers in over 140 countries better every day with the
finest coatings, application systems and technology. For more
information, visit axalta.com and follow
us on LinkedIn and
@axalta on X.
Cautionary Statement Concerning Forward-Looking
Statements
This release may contain certain forward-looking statements
within the meaning of the U.S. Private Securities Litigation Reform
Act of 1995 regarding Axalta and its subsidiaries including, but
not limited to, certain of the targets under Axalta’s 2026 A-Plan,
including net sales growth, Adjusted Diluted EPS growth and
Adjusted EBITDA margin. Axalta has identified some of these
forward-looking statements with words such as “planned,” “plan,”
“will,” “aims,” “targets,” and “strategy” and other comparable or
similar terminology. All of these statements are based on
management’s expectations as well as estimates and assumptions
prepared by management that, although they believe to be
reasonable, are inherently uncertain. These statements involve
risks and uncertainties, including, but not limited to, economic,
competitive, governmental and technological factors outside of
Axalta’s control, as well as risks related to the execution of the
2024 Transformation Initiative (as defined in Axalta’s Quarterly
Report on Form 10-Q filed on May 1, 2024), Axalta’s 2026 A-Plan and
Axalta’s acquisition of The CoverFlexx Group, that may cause its
business, industry, strategy, financing activities or actual
results to differ materially. More information on potential factors
that could affect Axalta’s financial results is available in
“Forward-Looking Statements,” “Risk Factors” and “Management’s
Discussion and Analysis of Financial Condition and Results of
Operations” within Axalta’s most recent Annual Report on Form 10-K
and Quarterly Report on Form 10-Q, and in other documents that we
have filed with, or furnished to, the SEC. Axalta undertakes no
obligation to update or revise any of the forward-looking
statements contained herein, whether as a result of new
information, future events or otherwise.
Non-GAAP Financial Measures
This release contains references to certain financial measures
that are not presented in accordance with generally accepted
accounting principles in the United States (“GAAP”). The company’s
Strategy Day presentation to be posted to ir.axalta.com contains
details regarding the company’s use of these and other non-GAAP
financial measures.
Investor ContactChristopher EvansD +1 484 724
4099Christopher.Evans@axalta.com |
Media ContactRobert DonohoeD +1
267-756-3803Robert.Donohoe@axalta.com |
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