Filing Flows › Axalta Coating Systems (AXTA) › Q1 2025
Axalta Coating Systems (AXTA) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Axalta Coating Systems (AXTA) reported revenue of $1.3B for the first quarter 2025 (Q1 2025), -2% from a year earlier and -4% from the quarter before. Operating margin was 13.9%, net earnings $99.0M (7.8% of revenue).
Axalta Coating Systems, Q1 2025: revenue $1.3B (-2% year over year), operating margin 13.9%, net earnings $99.0M, operating cash flow $26.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | -4% | -2% |
| Operating profit | $176M | -6% | +45% |
| Net earnings | $99.0M | -28% | +154% |
| Operating cash flow | $26.0M | -89% | -24% |
What changed
Revenue was $1.3B in Q1 2025, down 2% year over year and down 4% from the previous quarter. Performance Coatings was the largest line at 65% of revenue. Performance Coatings lost $0.03B year over year (down 3%), 81% of the total change.
Operating profit was $0.18B, a 13.9% margin (up 4.6 points year over year). Total costs fell 7% while revenue fell 2%. Net earnings were $0.10B, up 141% year over year. The effective tax rate was 23.3%.
Operating cash flow was $0.03B (down 24% year over year), 26% of net earnings. Non-cash charges added back $0.07B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.15B. Capital expenditures of $0.04B exceeded it, leaving free cash flow of −$0.02B.
Questions
What was Axalta Coating Systems' revenue in the first quarter 2025?
Axalta Coating Systems (AXTA) reported revenue of $1.3B for the first quarter 2025 (Q1 2025), -2% from a year earlier and -4% from the quarter before.
Was Axalta Coating Systems profitable in the first quarter 2025?
Operating profit was $176M (13.9% of revenue) and net earnings $99.0M.