Revenue Analysis
Total and Operating Revenue across the observed periods has shown incremental growth, from 1,284,000,000 USD in Q1 2023 to 1,294,000,000 USD in Q1 2024. Gross Profit has similarly trended upward, indicative of effective revenue management and possibly improved sales efficacy or product pricing strategies. Gross Profit margins have been relatively stable, peaking at 429,000,000 USD in Q1 2024.
Cost Management
The Cost of Revenue has slightly decreased from 902,000,000 USD in Q1 2023 to 865,000,000 USD in Q1 2024, which could suggest improvements in cost-efficiency or procurement strategies. Operating Expenses and Total Expenses have also shown fluctuations, but with a general trend towards efficient management, evidenced by a decrease in Total Expenses from 1,159,000,000 USD in Q1 2023 to 1,173,000,000 USD in Q1 2024.
Profitability Analysis
A detailed look at key profitability metrics such as EBITDA, Operating Income, Pretax Income, and Net Income outlines positive performance. EBITDA and Operating Income have consistently improved, with EBITDA increasing from 194,000,000 USD in Q1 2023 to 189,000,000 USD in Q1 2024, and Operating Income from 125,000,000 USD to 121,000,000 USD in the same periods. Net Income saw a peak of 73,100,000 USD in Q3 2023.
Cash Flow Indicators
Reconciled Depreciation reflects substantial investments in assets, maintaining at around 70,000,000 USD through the observed periods, suggesting ongoing asset renewal or expansion. Interest Expense has remained consistent at approximately 54,000,000 USD, indicating stable finance cost management.
Taxation
The Tax Rate has fluctuated moderately, influencing the Net Income and Tax Provisions accordingly. Tax Provisions have ranged from 13,400,000 USD in Q1 2023 to 20,000,000 USD in Q1 2024, aligning with pre-tax income changes. The Tax Effect Of Unusual Items ranged from -789,473.68 in Q1 2023 to -2,711,864.41 in Q1 2024, affecting net income results through non-recurring fiscal elements.
Shareholder Metrics
Both Diluted and Basic EPS have shown growth from 0.27 in Q1 2023 to 0.33 in Q3 2023, stabilizing at 0.18 by Q1 2024 alongside a slight increase in Average Shares from approximately 221,000,000 to 221,300,000. Net Income Available to Common Stockholders peaked in Q3 2023 at 73,100,000 USD.
Conclusion
AXTA has demonstrated resilient financial performance over the designated periods with gradual improvements in revenue handling and profitability. Strategic cost management and consistent investment in assets suggest a balanced approach to growth and operational efficiency. However, the dip in some financial metrics as of Q1 2024 warrants close monitoring to ensure sustained financial health.