Axalta Coating Systems Ltd. Files 8-K

TL;DR

AXTA filed a routine 8-K, no major news.

AI Summary

Axalta Coating Systems Ltd. filed an 8-K on January 21, 2025, to report information under Regulation FD and to file financial statements and exhibits. The filing does not contain specific financial details or material events beyond its procedural nature.

Why It Matters

This filing indicates Axalta Coating Systems Ltd. is adhering to its reporting obligations with the SEC, which is standard practice for publicly traded companies.

Risk Assessment

Risk Level: low — This is a standard procedural filing with no new material information or financial disclosures that would impact risk.

Key Players & Entities

• Axalta Coating Systems Ltd. (company) — Registrant
• 1050 Constitution Avenue (location) — Principal executive offices address
• Philadelphia, Pennsylvania (location) — Principal executive offices city and state
• January 21, 2025 (date) — Date of report

FAQ

Key Financial Figures

• $1.00 — tion 12(b) of the Act: Common Shares, $1.00 par value AXTA New York Stock Exchange
• $1.68 — ed EPS growth target will be updated to $1.68 per share, as is more fully set forth i
• $2.69 — ted Diluted EPS target of approximately $2.69. Axalta looks forward to providing an u

Filing Documents

• axta-20250121.htm (8-K) — 36KB
• exhibit99-nonxgaaptablesre.htm (EX-99) — 200KB
• 0001616862-25-000004.txt ( ) — 370KB
• axta-20250121.xsd (EX-101.SCH) — 2KB
• axta-20250121_lab.xml (EX-101.LAB) — 21KB
• axta-20250121_pre.xml (EX-101.PRE) — 12KB
• axta-20250121_htm.xml (XML) — 3KB

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. Non-GAAP Financial Metrics Presentation Changes Effective with the reporting of fourth quarter and full-year 2024 financial results, Axalta Coating Systems Ltd. ("Axalta" or the "Company") will be changing the presentation of certain of its non-GAAP financial metrics. In order to align more closely with the Company's peers and market practice, as well as following the resolution of a comment letter from the U.S. Securities and Exchange Commission ("SEC"), the Company will cease the adjustment for step-up depreciation and amortization from the acquisition of DuPont Performance Coatings in the calculation of Adjusted EBIT and Adjusted Net Income. Concurrently, Axalta will begin to adjust for the amortization of all acquired intangibles in the calculation of Adjusted EBIT and Adjusted Net Income. These changes will also impact the calculations of Return on Invested Capital ("ROIC") and Adjusted Diluted EPS as they leverage Adjusted EBIT and Adjusted Net Income, respectively, in their calculations. The revised reconciliations to Adjusted Net Income and Adjusted EBIT, as well as the revised calculations of ROIC and Adjusted Diluted EPS reflecting such changes, are included in the attached Exhibit 99 for all previously-disclosed fiscal quarters in 2023 and 2024. In May 2024, the Company issued financial targets related to its three-year 2024-2026 strategy (the "2026 A Plan"). These targets include a target level of ROIC for 2026 (approximately 15%) and an Adjusted Diluted EPS growth target through 2026 compared to 2023 (greater than 60% growth). Axalta has determined that no changes to these targets are required as a result of these changes. The 2023 baseline for the Adjusted Diluted EPS growth target will be updated to $1.68 per share, as is more fully set forth in the attached Exhibit 99, with an implied 2026 Adjusted Diluted EPS target of approximately $2.69. Axalta looks forward to providing an update on its progress against

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99 Recast Non-GAAP Tables 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AXALTA COATING SYSTEMS LTD. Date: January 21, 2025 By: /s/ Carl D. Anderson II Carl D. Anderson II Senior Vice President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR