Axalta Coating Systems Ltd
For the period ended Dec 31, 2024. Filed Feb 13, 2025.
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FY2024 · Filed Feb 13, 2025
AXTA$37.53+3.0%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
(In millions, except per share data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Net sales | $5,276 | $5,184 | $4,884 |
| Cost of goods sold | 3,478 | 3,566 | 3,466 |
| Selling, general and administrative expenses | 847 | 840 | 772 |
| Other operating charges | 79 | 28 | 32 |
| Research and development expenses | 74 | 74 | 66 |
| Amortization of acquired intangibles | 92 | 88 | 125 |
| Income from operations | 706 | 588 | 423 |
| Interest expense, net | 205 | 213 | 140 |
| Other expense, net | 5 | 20 | 26 |
| Income before income taxes | 496 | 355 | 257 |
| Provision for income taxes | 105 | 86 | 65 |
| Net income | 391 | 269 | 192 |
| Less: Net income attributable to noncontrolling interests | — | 2 | — |
| Net income attributable to common shareholders | $391 | $267 | $192 |
| Basic net income per share | $1.78 | $1.21 | $0.86 |
| Diluted net income per share | $1.78 | $1.21 | $0.86 |
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