Record Reports: Axalta releases third quarter 2024 results; reports record net sales of $1.32 billion
Toronto, Ontario — Axalta Coatings has now released its third quarter financial results, noting a record net sales of $1.32 billion. According to a press release of the results, other highlights from the company’s third quarter include net income increases of 40 percent year over year to $102 million and a record adjusted EBITDA of […]
Colourful Collab: 3M and Axalta to launch training content for automotive refinishing
Above: Patricia Morschel, vice president of marketing and commercial operations for Axalta global refinish; Troy Weaver, director of global refinish, Axalta; and Dave Gunderson, president, 3M Automotive Aftermarket division. Las Vegas, Nevada — 3M and Axalta have announced a collaboration to introduce a new training content series focused on automotive refinishing. The series will feature […]
Gains on Grey: White remains most popular car colour, grey grows in popularity says Axalta 2023 Color Report
Toronto, Ontario — The top three most popular automotive colours are white, grey and black, according to Axalta’s 71st annual Global Automotive Color Popularity report. The coatings company revealed in its annual report that 31 percent of vehicles on today’s roads are white; 22 percent are grey and 18 percent are black, marking the first-ever […]
Mixing Milestone: Axalta announces 100th installation of Irus automated mix machine
Philadelphia, Pennsylvania — Axalta recently announced that the coatings giant has installed its 100th Axalta Irus Mix full automated hands-free paint mixing machine. The unit was installed in Bodyshop Carenove in France earlier this month. The business has used Standox, one of Axalta’s automotive refinish brands, for more than 20 years. “Axalta Irus Mix is […]
Carbon Neutral Cooperation: Axalta announces partnership with Solera to help customers estimate CO2 emissions per repair
Toronto, Ontario — On May 22nd, Axalta announced a partnership with Solera to integrate the company’s Fast Cure Low Energy (FCLE) refinish paint systems with Solera’s Sustainable Estimatics platform. According to a press release from Axalta, the intention of this partnership is to help “enable Axalta customers to estimate their CO2 emissions per repair, while […]
Rallying At Rhodes: IBIS Global Summit kicks off in Rhodes, Greece
Rhodes, Greece — While Canada may just be beginning to dip its toes into summer, the annual International Bodyshop Industry Symposium (IBIS) 2024 Global Summit is making waves and offering attendees both fun in the sun, and a chance to meet with members of the industry for some quality conversations all while under the Grecian columns […]
Tuesday Ticker: PPG, Axalta, AkzoNobel report Q4 and full-year 2023 results
Toronto, Ontario — This weekly Tuesday Ticker is focused on coatings performance for Q4 and full-year 2023. Check out earnings and reports from PPG, Axalta and AkzoNobel in this week’s feature. PPG marks more records PPG reported record fourth-quarter sales for 2023, with net sales of $4.4 billion, up four percent year-over-year. For the full […]
A Starry Night for a New Day: Axalta Coatings announces 2024 global automotive colour of the year
Toronto, Ontario — Axalta Coatings Systems has announced Starry Night as its 2024 Global Automotive Colour of the Year. This latest edition marks the tenth year that Axalta has introduced its automotive colour of the year and the first time it has featured a shade of black. Axalta first introduced its colour of the year […]
A Bolstered Blend: Solera reports that changes to blend refinish threshold are fully implemented
Toronto, Ontario — In a recent announcement, Audatex/Solera has reported that changes to its blend refinish threshold are fully implemented. According to a recent announcement, Audatex/Solera has successfully implemented its shift away from previously defaulted blend refinish formulas within its estimating system, with the aim of giving repairers more flexibility on labour hours charged. While […]
Precise Painting: Axalta embarks on paint technology partnership with inkjet company
Pennsylvania, United States — Axalta has announced a new venture with an inkjet manufacturer, in which the coatings company plans to provide a “next generation sustainable digital paint technology for the transportation industry.” More specifically, this planned technology could contribute up to a 30 percent reduction in CO2 emissions for two-toned vehicle manufacturers, according to […]
