AXTA News and Press, Axalta Coating Systems Ltd. From 07/26/22

Axalta Coating Systems press release ( NYSE: AXTA ): Q2 Non-GAAP EPS of $0.41 beats by $0.02 . Revenue of $1.23B (+8.8% Y/Y) misses by $20M . Realized record 10.0% price-mix growth with double-digit year-over-year gains in Mobility and Industrial Coatings V...

GLEN MILLS, Pa., July 26, 2022 (GLOBE NEWSWIRE) -- Axalta Coating Systems Ltd. (NYSE:AXTA) (“Axalta”), a leading global coatings company, announced its financial results for the second quarter ended June 30, 2022. Second Quarter 2022 Highlights: Net sales ...

Current Independent Director and Chemical & Life Sciences Industry Veteran Rakesh Sachdev Appointed Interim Chief Executive Officer Robert Bryant to Step Down as President and Chief Executive Officer GLEN MILLS, Pa., July 26, 2022 (GLOBE NEWSWIRE) -- Axalta Coating Sys...

The S&P 500 Materials index closed this trading week in green, up around 3% , making it one of the top gainers among 11 sectors. The Materials Select Sector SPDR ( XLB ) was also +2.8% . Copper prices registered their first weekly rise in seven weeks on Friday, a...

Bank of America analyst Steve Byrne advised that escalating headwinds facing chemical stocks call for a reassessment of ratings across the chemical space. He noted that end market selection is pivotal for investors in the space, much the same as valuation concerns need to be...

GLEN MILLS, Pa., July 08, 2022 (GLOBE NEWSWIRE) -- Axalta Coating Systems (NYSE: AXTA), a leading global supplier of liquid and powder coatings, will release its second-quarter 2022 financial results after the close of trading on Tuesday, July 26. The release and supporting materials will b...

Axalta Coating is a leader in the coatings industry, generating a healthy amount of free cash flow. The pressure on the margins is very clear, and it likely will get worse before it gets better. The debt is getting increasingly attractive from a risk/reward perspective. Unfortunat...

Ariel Investments’ 13F portfolio value decreased from $11.86B to $11.27B this quarter. They increased Gentex, Resideo Technologies, and Boyd Gaming while reducing Progressive Corp and Berkshire Hathaway. The top three positions are Madison Square Garden Entertainment, Matte...

Wallace Weitz's 13F portfolio value decreased from $2.49B to $2.26B this quarter. The number of positions increased from 59 to 60. Weitz Investment Management increased CoStar Group, Mastercard, and CarMax while reducing Charles Schwab, AON plc, and AutoZone during the quarter. Th...

Founded by value investor Wally Weitz in 1983, Weitz Investment Management, Inc. is a boutique, employee-owned asset management firm headquartered in Omaha, Nebraska. The Partners Value Fund’s Institutional Class returned -8.68% for the first quarter. Our company value esti...