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Press Releases

DateTitle
Axalta Launches New Generation C6 Formaldehyde-Free Electrical Steel Varnish December 11, 2014
Axalta Coating Systems (NYSE:AXTA), a leading global supplier of liquid and powder coatings, launches its new generation C6 electrical steel varnish - Voltatex ® 1262. Part of the Voltatex family of electrical insulation products, Voltatex 1262 is targeted for use in special applications for large hydro and turbo generators where no formaldehyde degassing is desired. The new product is designed to aid the maintenance process of large generators. Formaldehyde degassing in enclosed generators makes it necessary to perform time-consuming and cost-intensive air-flushing processes. And breathing protection systems are required before entering the generator areas for maintenance inspections. Andreas Vendler , Axalta’s Technical Product Manager for the Voltatex business says, “Because Voltatex 1262 is non-acidic and formaldehyde-free, it helps to reduce the costly shutdown periods during maintenance inspections, helping to increase the efficiency of energy generation. Its water-based...
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Axalta Third Quarter 2014 Earnings Release December 3, 2014
Axalta Coating Systems Ltd. (NYSE:AXTA), a leading global coatings company, announced its financial results for the quarter ended September 30, 2014. The results contained in this earnings release reflect the results previously filed in our Form 10-Q on November 14, 2014. Key highlights: Third quarter net sales of $1.1 billion , an increase of 3.2% versus prior year Third quarter Adjusted EBITDA of $228 million , an increase of 17.5% year-over-year Continued progress on previously announced capital expansions with initial commissioning at our Jiading waterborne expansion and ground breaking at our Wuppertal waterborne facility “We are pleased to report solid results for the third quarter driven by year-over-year net sales growth in both our Performance Coatings and Transportation Coatings segments as a result of favorable volume and pricing trends. We also continued to expand our Adjusted EBITDA margins compared to the third quarter last year. We remain focused on executing our...
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Axalta 3Q Earnings Call November 14, 2014
Axalta Coating Systems Ltd. (NYSE:AXTA) will hold a conference call for its third quarter 2014 financial results at 8:00 a.m. EST on Thursday, December 4, 2014 . Charles W. Shaver , Chairman and Chief Executive Officer, and Robert W. Bryant , Executive Vice President and Chief Financial Officer, will review the company's financial performance for the period. The U.S. dial-in phone number for the conference call is (877) 407-0784 and the international dial-in number is +1 (201) 689-8560. A live webcast of the conference call will also be available online at http://ir.axaltacs.com. For those unable to participate in the conference call, a replay will be available through December 18, 2014 . The U.S. replay dial-in phone number is (877) 870-5176 and the international replay dial-in number is +1 (858) 384-5517. The replay passcode is 13596038. Cautionary Statement Concerning Forward-Looking Statements This release may contain certain forward-looking statements regarding Axalta and its...
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Axalta Prices IPO November 11, 2014
Axalta Coating Systems Ltd. has priced and upsized its initial public offering from 45,000,000 to 50,000,000 of its common shares at $19.50 per share. The shares are expected to begin trading on Wednesday, November 12, 2014 on the New York Stock Exchange under the ticker symbol “AXTA.” All of the shares are being offered by certain affiliates of The Carlyle Group (the “selling shareholders”). The selling shareholders have also granted the underwriters a 30-day option to purchase up to an additional 7,500,000 common shares. Axalta will not receive proceeds from the offering, including from any exercise by the underwriters of their option to purchase additional common shares. Citigroup, Goldman, Sachs & Co., Deutsche Bank Securities and J.P. Morgan are lead book-running managers for the offering. Additional book-running managers are BofA Merrill Lynch, Barclays, Credit Suisse and Morgan Stanley. Co-managers are Jefferies, UBS Investment Bank, Baird, BB&T Capital Markets, Nomura...
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Axalta Commences IPO October 30, 2014
Axalta Coating Systems Ltd. has commenced an initial public offering of 45,000,000 of its common shares. The shares will be offered by certain affiliates of The Carlyle Group (the “selling shareholders”). The anticipated initial offering price is between $18.00 and $21.00 per share and the offering is being made pursuant to a registration statement on Form S-1 previously filed with the U.S. Securities and Exchange Commission . The selling shareholders have also granted the underwriters a 30-day option to purchase up to an additional 6,750,000 common shares. Axalta will not receive proceeds from the offering, including from any exercise by the underwriters of their option to purchase additional common shares. Axalta has applied for listing of its common shares on the New York Stock Exchange under the ticker symbol “AXTA.” Citigroup, Goldman, Sachs & Co., Deutsche Bank Securities and J.P. Morgan are lead book-running managers for the proposed initial public offering. Additional...
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