Tuesday Ticker: PPG, Axalta, AkzoNobel report Q4 and full-year 2023 results
Toronto, Ontario — This weekly Tuesday Ticker is focused on coatings performance for Q4 and full-year 2023. Check out earnings and reports from PPG, Axalta and AkzoNobel in this week’s feature. PPG marks more records PPG reported record fourth-quarter sales for 2023, with net sales of $4.4 billion, up four percent year-over-year. For the full […]
A Starry Night for a New Day: Axalta Coatings announces 2024 global automotive colour of the year
Toronto, Ontario — Axalta Coatings Systems has announced Starry Night as its 2024 Global Automotive Colour of the Year. This latest edition marks the tenth year that Axalta has introduced its automotive colour of the year and the first time it has featured a shade of black. Axalta first introduced its colour of the year […]
A Bolstered Blend: Solera reports that changes to blend refinish threshold are fully implemented
Toronto, Ontario — In a recent announcement, Audatex/Solera has reported that changes to its blend refinish threshold are fully implemented. According to a recent announcement, Audatex/Solera has successfully implemented its shift away from previously defaulted blend refinish formulas within its estimating system, with the aim of giving repairers more flexibility on labour hours charged. While […]
Precise Painting: Axalta embarks on paint technology partnership with inkjet company
Pennsylvania, United States — Axalta has announced a new venture with an inkjet manufacturer, in which the coatings company plans to provide a “next generation sustainable digital paint technology for the transportation industry.” More specifically, this planned technology could contribute up to a 30 percent reduction in CO2 emissions for two-toned vehicle manufacturers, according to […]
Money Moves: Axalta appoints Carl Anderson as CFO, SVP
Toronto, Ontario — A changing of the guard is underway at Axalta, as the global coatings developer announced Wednesday that Carl Anderson will be taking over for Sean Lannon in the position of senior v-p and CFO, effective Aug. 14. Having most recently served as CFO at XPO Inc., one of North America’s largest freight […]
Eye of Efficiency: Axalta launches Irus Mix automated paint mixing system
Toronto, Ontario — Far too many in the collision industry still rely on their eyes alone for mixing and matching paint—luckily the experts at Axalta have developed a step up from the ‘ol cones and rods with the release of the Axalta Irus Mix. Touted as the fastest fully automated and completely hands-free mixing machine […]
March Motor Madness: Motorama showcases Toronto’s hottest custom cars
Toronto, Ontario — Hundreds of gearheads gathered at Toronto’s International Centre last weekend for the annual Motorama Custom Car and Motorsports Expo. With more than 300,000 sq. ft. of venue space, the event featured a display of more than 400 featured custom cars, hot rods and tuner cars; from trucks to old-school Mopar, modern mods […]
Up at Axalta: Revenues up nine percent year-over-year, driven by ‘higher average price’
Toronto, Ontario — Axalta Coatings posted earnings of 20 cents per share (U.S. dollars) in Q4 2022, compared with 23 cents per share in Q4 2021. In the company’s overall results for 2022, revenues were up nine percent year-over-year to US$1,236.7 million, beating the Zacks Consensus Estimates of US$1,216.6 million. According to the press release, […]
MONOCHROME NOT MONOTONE
Axalta releases 70th annual Global Automotive Colour Popularity Report Silver, black, white and grey colours remain dominant colours but according to Axalta, this does not mean they’ve become any less vibrant. According to Axalta’s colour report, 82 percent of all vehicles around the world are white, black, grey or silver. These aren’t your grandparents’ […]
School in Session: Axalta and SATA partner to provide training at new Ontario location
Vaughan, Ontario — Axalta Coatings and SATA have announced a new training partnership, replacing the Axalta Training Center in Ajax, Ont. with Axalta Training at SATA Canada. According to Wednesday’s press release from Axalta, this partnership will provide Axalta and its refinishing customers access to the new SATA Ontario location,. Axalta refinish customers will have […]
