Record Revenue: Axalta releases fourth quarter and full year 2024 financial results; highlights record net sales

Toronto, Ontario — Axalta Coating Systems has released its results for the fourth quarter and full 2024 financial year, highlighting record fourth quarter net sales of $1.3 billion.

Other highlights from Q4 2024 include:

• Net income increases of 85 percent year-over-year to $137 million, with net income margins of 10.5 percent—a year-over-year improvement of 480 basis points.
• A record fourth quarter adjusted EBITDA of $275 million.
• Adjusted EBITDA margins improved 170 base points year-over-year

Additionally, when looking at results for the whole of 2024, Axalta further reports record full year net sales of $5.3 billion.

Other highlights for the year include:

• A record net income of $391 million, with a 45 percent increase year-over-year and with net income margins of 7.4 percent—a year-over-year improvement of 220 basis points
• A record full year adjusted EBITDA of $1,116 million, with adjusted EBITDA margins of 21.2 percent

“Axalta’s 2024 financial results were exceptional. We delivered record net sales and adjusted EBITDA for the fourth quarter and full year in a challenging macro environment,” said Chris Villavarayan, Axalta CEO and President.

To see the full financial report, click here.