Axalta Coating Systems Ltd
For the period ended Sep 30, 2024. Filed Oct 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 30, 2024
AXTA$37.53+3.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
Condensed Consolidated Statements of Operations (Unaudited)
(In millions, except per share data)
| Three Months Ended September 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net sales | $1,320 | $1,309 | $3,965 | $3,887 |
| Cost of goods sold | 858 | 886 | 2,614 | 2,692 |
| Selling, general and administrative expenses | 211 | 209 | 631 | 625 |
| Other operating charges | 15 | 13 | 78 | 22 |
| Research and development expenses | 19 | 18 | 55 | 56 |
| Amortization of acquired intangibles | 24 | 20 | 68 | 66 |
| Income from operations | 193 | 163 | 519 | 426 |
| Interest expense, net | 54 | 55 | 158 | 158 |
| Other (income) expense, net | (3) | 5 | 4 | 15 |
| Income before income taxes | 142 | 103 | 357 | 253 |
| Provision for income taxes | 40 | 30 | 103 | 58 |
| Net income | 102 | 73 | 254 | 195 |
| Less: Net income attributable to noncontrolling interests | 1 | 1 | — | 1 |
| Net income attributable to common shareholders | $101 | $72 | $254 | $194 |
| Basic net income per share | $0.46 | $0.33 | $1.15 | $0.88 |
| Diluted net income per share | $0.46 | $0.33 | $1.15 | $0.87 |
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